Merck Is in Advanced Talks to Buy Cancer Biotech Seagen 

A deal, potentially worth $40 billion or more, would help Merck broaden its lineup of cancer drugs, currently led by Keytruda.

Shell Says Fuel-Refining Margins Could Add $1 Billion to Quarterly Earnings 

Record fuel prices are set to help boost the oil major's profit, while a resurgence in energy demand lifts the value of its oil and gas holdings.

Samsung Electronics' Run of Record Results Stalls 

The South Korean tech giant-which had reported record revenues in the past three straight quarters-forecasts a 11.4% rise in second-quarter operating profit from the prior year.

GameStop Shares Rise After Board Declares 4-for-1 Stock Split 

Stockholders of record at the close of business July 18 will receive three additional shares of GameStop Class A common stock for each share of Class A common stock they hold.

American Airlines to Pay Pilots Triple to Work Flights Dropped in Computer Glitch 

The pilots union ratified a deal to resolve snafu that threatened the carrier's operations in July.

J&J Talc Judge Weighs Expert Help to Value Cancer Claims 

Johnson & Johnson wants to estimate its talc-related liabilities in bankruptcy court. A judge says he may need extra help to do that.

TPC Creditors Cerberus, Bayside Lose Debt Priority Dispute 

Two creditors of TPC Group lost a bankruptcy court ruling on Wednesday, with a judge saying that the chemical business didn't act improperly when loan documents were amended to change the pecking order of creditors.

Blackstone Invests $400 Million in Environmental Commodity Exchange Xpansiv 

The platform lets companies trade offsets and oil contracts that account for fossil fuels' carbon footprint, in an effort to meet green goals.

Telecom Italia to Separate Fixed-Line Business 

Telecom Italia said it plans to separate its fixed-network infrastructure assets with the aim of improving its financial strength.

TSMC Shares Rebound Amid Signs of Resilient Chip Sales 

Shares of Taiwan Semiconductor Manufacturing Co. rebounded strongly as investors weighed signs of resilient chip demand amid worries about a global economic slowdown.


(END) Dow Jones Newswires

July 07, 2022 05:15 ET (09:15 GMT)

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