News Highlights: Top Company News of the Day
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
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
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
(END) Dow Jones Newswires
June 09, 2023 07:00 ET (11:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.