Lufthansa's Stake Acquisition in ITA Airways Could Stifle Competition, EU Says

The European Union said Deutsche Lufthansa's acquisition of a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia, could hinder competition for certain routes in and out of Italy. 


 
Novo Nordisk Expands Cardio Push with German Buy

Novo Nordisk is buying Cardior Pharmaceuticals for around $1 billion as the Wegovy maker moves to strengthen its pipeline of drugs to treat cardiovascular disease and expand into areas outside of its core diabetes and weight-loss market. 


 
PetroChina Posts Record Profit, but Revenue Misses Estimates

Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices. 


 
EU Probes Apple, Meta, Google Under New Competition Law

The investigations add to regulatory headaches for U.S. tech companies under growing scrutiny worldwide. 


 
China Evergrande Drops Debt Restructuring Applications in U.S.

The developer had sought a New York court's approval last August to restructure more than $19 billion in offshore debt via Chapter 15 bankruptcy filings. 


 
Are Chinese Tech Stocks Value Plays Now?

Investors are excited about U.S. artificial intelligence, less so about cash-generating Chinese tech. That might-eventually-create some opportunities. 


 
Baidu Shares Rise After Reports of Apple Collaboration

Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple. 


 
Nissan Motor Plans to Sell More Than a Dozen New EV Models by 2026

The Japanese carmaker plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by one million units within three years. 


 
Big Tech's Latest Obsession Is Finding Enough Energy

The AI boom is fueling an insatiable appetite for electricity, which is creating risks to the grid and the transition to cleaner energy sources. 


 
Elon Musk's X Needs Creators, but They Don't Need X

Despite the platform's push, many creators say X is still a long way from becoming a major source of revenue for them.


(END) Dow Jones Newswires

03-25-24 0715ET