News Highlights: Top Company News of the Day
Shell CEO Expects More Taxes on Oil Industry
Ben van Beurden said he expects to see the additional taxes on
the oil-and-gas industry as a way of helping to protect consumers
from high energy prices.
U.S. Electric-Vehicle Tax Rules Rile Asian, European Allies
The EU, Japan and South Korea say provisions in the U.S.
legislation to promote clean energy discriminate against their auto
makers and might violate World Trade Organization rules.
Apple Suppliers Add Manufacturing Sites in U.S.
Partners of the iPhone maker seek to stay nearby as the pandemic
has made travel to China difficult.
Long-Duration Battery Startup Form Energy Raises $450 Million
Form Energy is accelerating development of iron-air batteries
that could store clean power for several days following the
Inflation Reduction Act.
Bayer Hits Roundup Lawsuit Winning Streak
Bayer recently won five consecutive cases over its Roundup
weedkiller, a change after several juries had held it responsible
for causing cancer and the company set aside about $16 billion for
H&M, Zara's Owner Stick With 'Made In Myanmar' After Coup, but Some Brands Exit
Western retailers are increasingly divided over whether to buy
clothes made in Myanmar, where some say labor abuses have worsened
under military rule.
Who's Operating Your Flight? Air Travel Is Getting More Complicated
Travelers should know the pitfalls of flight partnerships as
they become more common-especially when there is a delay or
Samsung Kicks Advanced Chip-Making Race Into High Gear
The South Korean company's production targets for 2-nanometer
processes and below are similar to those of dominant rival
Cathie Wood's ARK Snaps Up Tesla After Deliveries Miss
ARK Innovation purchased 108,380 Tesla shares, while the ARK
Next Generation Internet ETF bought 23,833 shares, according to a
Poshmark to Sell Itself for Less Than Half Its IPO Price to Korea's Naver
The social shopping marketplace, which went public at $42, will
be taken over for $17.90 a share. The transaction values Poshmark
at about $1.6 billion.
(END) Dow Jones Newswires
October 04, 2022 09:00 ET (13:00 GMT)
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