Novartis's Sandoz Sets Out Post-Spinoff Growth Plan 
 

Novartis's generics unit Sandoz forecast product pipeline net sales of $3 billion over the next five years and a core earnings margin of 18%-19% this year, lower than previously forecast due to inflation and costs.

 
Google Gets Stricter About Employees' Time in Office 
 

The search giant, which asks most workers to be in an office three days a week, will consider attendance as part of performance.

 
GameStop Shares Fall as It Fires CEO and Names Ryan Cohen Executive Chairman 
 

Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer.

 
Serta Simmons Defeats Holdout Lenders to Seal Chapter 11 Restructuring 
 

A bankruptcy judge upholds the bedding maker's disputed 2020 debt deal, handing control to majority lenders.

 
Binance.US Was Deeply Unprofitable in 2022, Documents Show 
 

The U.S. arm of Binance, the world's largest crypto exchange, lost $181 million last year, filings by the Securities and Exchange Commission showed.

 
CNN CEO Chris Licht Is Out 
 

CNN parted ways with its chief executive, ending a tenure of a little over a year that was marked by a series of missteps.

 
New York Is Latest City to Sue Automakers Kia and Hyundai Over Car Thefts 
 

The vehicle companies have offered free software as a fix to the problem.

 
Tesla's stock rises to longest winning streak in more than 2 years 
 

Investors have been piling into Tesla Inc.'s stock as it rallies toward its longest winning streak since January 2021.

 
Campbell's U.S. Soup Sales Cool Off 
 

Campbell Soup reported a decline in U.S. soup sales, but said consumers are starting to shift purchasing back to shelf-stable products and away from pricier items on the supermarket perimeter.

 
Amazon Plans Ad Tier for Prime Video Streaming Service 
 

Amazon is planning to launch an advertising-supported tier of its Prime Video streaming service as it looks to generate more revenue from entertainment.

(END) Dow Jones Newswires

June 08, 2023 03:15 ET (07:15 GMT)

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