Power Shortage Hits Vietnam, a Production Hub for Apple and Samsung 

Vietnam is grappling with a severe power shortage, hitting manufacturers that have flocked to the country because they view it as an alternative to China.

Less Haggling, More Upselling: How EVs Will Change How You Buy a Car 

Car manufacturers' new selling strategies, including nonnegotiable pricing and over-the-air updates, promise a better experience for the consumer, but at a cost.

Bulletproof-Coffee Company Postpones Hong Kong IPO 

Star Plus Legend Holdings, which makes a type of diet coffee, said it is postponing its Hong Kong initial public offering, a week after the company launched its deal.

AstraZeneca Enters Pact with Cell Therapy Startup 

AstraZeneca will pay Quell Therapeutics $85 million upfront for it to help develop treatments for autoimmune diseases, and further payments of more than $2 billion for future development and commercial milestones and royalties.

UBS inks pact with Swiss government as Credit Suisse deal may close next week 

UBS said it's signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover of Credit Suisse is completed.

Dassault Systems Outlines Midterm Targets; Names New CEO 

Dassault Systemes forecast double-digit revenue growth and earnings of EUR2.2-EUR2.4 a share in 2028, as the software company named Pascal Daloz as its new CEO effective the beginning of next year.

Meta Reveals Twitter Competitor Planned as Stand-Alone App 

Separately, Chief Executive Mark Zuckerberg criticized Apple's Vision Pro headset, saying Meta has tried to make products affordable.

GM EV Owners to Tap Tesla's Supercharger Network 

The Detroit automaker said it would adopt Tesla's charge-port hardware on future models.

DocuSign Shares Climb With Turnaround Efforts Under Way 

The e-signature company has cut jobs and changed leadership in response to slower growth.

Carvana Shares Jump More Than 50% as Company's Profit Outlook Improves 

The online used-car retailer says its cost-cutting efforts are taking hold.


(END) Dow Jones Newswires

June 09, 2023 07:00 ET (11:00 GMT)

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