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 U.S.

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 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.

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 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.


(END) Dow Jones Newswires

July 07, 2022 13:15 ET (17:15 GMT)

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