News Highlights: Top Company News of the Day
TotalEnergies to Buy Stake in U.S. Wind and Solar Company
The French energy company said it would buy a 50% stake in
Clearway Energy Group in a deal worth about $2.4 billion, the
latest move by an oil major to expand in wind and solar power.
Nvidia Reports Earnings Today. Data Centers Could Be a Silver Lining.
Data centers could be an island of strength amid a sector-wide
China's Covid Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China's strict Covid lockdowns are hurting consumer spending for
everything from coffee to sneakers and hotels, weighing on
multinationals with a big presence in the country.
Toyota Revs Up Race With Tesla
The first purpose-built electric vehicle from the world's
best-selling auto brand is an important test case for the
industry's transition to battery technology.
Pfizer to Sell Vaccines, Drugs at Low Prices to Poorer Countries
The arrangement means that some of the drugs that carry list
prices of tens of thousands of dollars a year in the U.S. would be
substantially less for the low-income countries to buy, according
CVS Will Stop Filling Controlled-Substance Prescriptions for Cerebral
The pharmacy chain will stop filling prescriptions for
controlled substances ordered by clinicians working for telehealth
startups Cerebral and Done starting Thursday, a move that will
impact thousands of patients.
Aircraft Wi-Fi Company Gogo Cuts Debt as Interest Rates Rise
The company's plan to reduce debt comes as part of a larger
turnaround tied to the sale of its commercial aviation business in
Marks & Spencer Posts Profit But Warns on Outlook
UPDATED: Marks & Spencer delivered a pretax profit of GBP392
million for fiscal 2022 but cautioned that earnings growth this
year will be harmed by its Russia exit and rising cost pressures on
Volt Capital Raises New $50 Million Crypto Fund
As crypto reels, a new fund nabs five times the amount of its
predecessor. 'Now's the time to be doubling down, amidst the market
carnage,' a Volt co-founder says.
NetEase, Kuaishou Could Feel China's Pandemic Pains This Quarter
Chinese tech companies NetEase Inc. and Kuaishou Technology beat
expectations with their latest earnings, but the painful impact of
a resurgent pandemic in the world's second largest economy is
likely to begin showing in the current quarter, analysts say.
(END) Dow Jones Newswires
May 25, 2022 09:15 ET (13:15 GMT)
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