News Highlights: Top Company News of the Day
Irish Facebook Decision Adds Pressure to Reach Transatlantic Data Deal
European Union privacy regulators are reviewing an order that
would to block Facebook from sending European user data to the
Parents of Two Children Sue TikTok After Alleging They Died From Doing 'Blackout Challenge'
The wrongful-death lawsuit alleges the social-media company's
algorithm intentionally and repeatedly incentivized both children
to participate in the challenge.
Misra to Step Back From Top Executive Role at SoftBank
Rajeev Misra, who runs SoftBank's giant venture-investing arm,
plans to run a new outside investment outfit, according to a
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.
Crypto Exchange Binance.US Hires New CFO Amid Market Rout
Binance.US, the U.S. arm of the world's largest cryptocurrency
exchange, named a new finance chief as it navigates a deep decline
in digital-asset prices.
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
Chip Makers May Pick Up Political Cost Without the Benefit
Subsidy push seems to have stalled as talk of more export bans
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
(END) Dow Jones Newswires
July 07, 2022 13:00 ET (17:00 GMT)
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