Walgreens Profit Shrinks After Opioid Deal, Fewer Vaccinations 

The drugstore chain paid $683 million to Florida to resolve claims related to the distribution of prescription opioid medications.

Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows 

Singapore's top financial regulator reprimanded cryptocurrency hedge fund Three Arrows Capital, saying it supplied false information to officials and managed more assets than allowed.

Tencent, ByteDance Implement Fresh Layoffs Amid China's Economic Pains 

The latest round of job cuts at Chinese tech giants comes even as Beijing signals an easing of its regulatory campaign against the tech sector.

UBS to Pay $25 Million to Settle SEC Fraud Charges 

The Swiss bank agreed to settle fraud charges from the Securities and Exchange Commission over a complex options trading strategy that lost customers tens of millions of dollars.

Russian Gas Cuts Push Uniper Into Bailout Talks 

The German utility, one of Europe's largest, said earnings would be hit hard after Russia's Gazprom slashed natural-gas deliveries via the Nord Stream pipeline.

Big Pharma Won't Bail Out Battered Biotech 

While the biotech market rout presents pharma companies with cheap targets, don't count on a handful of deals to turn into critical mass.

Frank Zappa's Trust Sells Music Catalog to Universal 

The deal covers hits spanning four decades including "Valley Girl" and "Dancin' Fool," as well as rights to Zappa's film archive.

Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman 

Shareholders appear set to elect the eight-person board slate put forth by CEO Eileen Drake based on the votes that have come in ahead of the shareholder meeting Thursday.

Trucking Company Schneider Invests in Chemicals Supply Marketplace 

Trucking company Schneider National is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials.

Flying Coach Can Be Uncomfortable, but Flat Beds Are Coming 

Air New Zealand plans to introduce pods with flat beds in economy class, initially installing them on direct flights to Chicago and New York from Auckland.


(END) Dow Jones Newswires

June 30, 2022 11:15 ET (15:15 GMT)

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