Rajeev Misra to Step Back From Top Executive Role at SoftBank 

Misra, who runs SoftBank's giant venture-investing arm, plans to run a new outside investment outfit, according to a company memo.

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.

Memory-Chip Prices Fall From Pandemic Highs 

The average contract price for a major type of memory fell by 10.6% in the second quarter and prices are expected to decline even more in the coming months.

Pinterest's Investors Should Mind TikTok's Gap 

TikTok's live-shopping pain in the U.K. is a bad sign for Pinterest investors.

Chip Makers May Pick Up Political Cost Without the Benefit 

Subsidy push seems to have stalled as talk of more export bans arises.

Samsung's Pandemic Boom Is Over 

Investors seemed to breathe a sigh of relief after the tech giant reported preliminary results, but the worst is likely still ahead, especially for its memory-chip business.

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.

Senate Report Hits AbbVie's Bermuda Tax Structure for U.S. Humira Sales 

Company made most of its overall 2021 sales in the U.S. while recording most of its profits in foreign subsidiaries, leaving it with a tax bill far below the 21% U.S. rate.

Pritzker Private Capital Adds Two to Operations Group 

The Chicago investment firm has added Anish Sharan and Tim Giulianelli to help its portfolio companies with digital efforts and automation.

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 09:00 ET (13:00 GMT)

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