News Highlights: Top Company News of the Day
Pfizer Reaches $5.4 Billion Deal for Global Blood Therapeutics
Pfizer has agreed to buy Global Blood Therapeutics for $5.4
billion, a deal that would give the big drugmaker a foothold in the
treatment of sickle-cell disease.
World's Biggest Miner Rebuffed on $5.8 Billion Copper Play
Copper miner Oz Minerals rejected a takeover approach by BHP
Group, which is seeking to boost its output of a metal needed for
electric vehicles, wind turbines and solar farms.
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
The Japanese technology investor suffered losses after holdings
such as Uber and DoorDash lost value.
UPS to Buy Italian Healthcare-Logistics Provider Bomi Group
The acquisition would broaden the Atlanta-based transportation
giant's operations in Europe and Latin America.
CVS Plans to Bid for Signify Health
CVS is seeking to buy Signify Health, according to people
familiar with the matter, as the drugstore and insurance giant
looks to expand in home-health services.
Carlyle Chief Executive to Step Down
Private-equity firm says Kewsong Lee will step down as CEO
immediately and leave the firm at the end of this year.
Two Chinese Cities Approve Baidu's Unmanned Self-Driving Taxis
China, seeking to catch up to the U.S. in autonomous driving
cars, has been increasingly active in setting up regulations that
allow such vehicles on public roads.
Oz Minerals Rejects BHP Takeover Proposal
UPDATED: Oz Minerals rejected a nonbinding takeover proposal
from BHP Group that values the Australian copper-and-gold mining
company at almost $5.8 billion, calling the approach highly
opportunistic following a fall in copper prices.
Ad Slowdown Spreads Beyond Tech to TV Networks, Publishers
The advertising outlook has become increasingly dim in recent
weeks amid signs that rising inflation is beginning to affect
Ben & Jerry's to Take On Owner Over Israeli Business
A New York court is set to hear the ice-cream brand's request to
block its parent company, Unilever, from selling Ben & Jerry's
Israeli business in what lawyers say is a first-of-its-kind
(END) Dow Jones Newswires
August 08, 2022 07:00 ET (11:00 GMT)
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