Reddit's Stock Jumps in IPO

Reddit shares soared in their stock-market debut, an endorsement for the social-media company and a boost for other companies eyeing 2024 IPOs. 


 
U.S. Sues Apple, Alleges Tech Giant Exploits Illegal Monopoly

The Justice Department says iPhone maker leveraged its dominance to block software and limit functionality of competing devices. 


 
Korean Air to Order Airbus A350 Jets in $13.7 Billion Deal

South Korean flag carrier says the deal with the European plane maker is set to include 27 A350-1000s and six A350-900s , which it plans to deploy on routes such as Seoul to New York. 


 
Nelson Peltz Wins Key Endorsement in Disney Battle

Institutional Shareholder Services, the influential proxy-advisory firm, urged shareholders to vote in favor of adding the activist investor to the entertainment giant's board. 


 
How Trump Could Make Billions From Struggling Truth Social

The former president can thank investors in the shell company Digital World Acquisition for the windfall he stands to receive if they vote to approve merging the company with social-media platform Truth Social. 


 
FTX Chief Accuses Bankman-Fried of Lying to Get Sentence Reduced

John J. Ray III, the chief executive of FTX appointed to clean up the bankrupt crypto exchange's mess, said Sam Bankman-Fried falsely claimed there was zero harm to customers and investors in bid for lighter prison sentence. 


 
Clorox to Divest Operations in Argentina, Uruguay, Paraguay

The company said it is selling certain wholly owned subsidiaries to Apex Capital, a private equity fund. Financial terms weren't disclosed. 


 
Airline CEOs Seek Meeting With Boeing Directors to Address Production Problems

Several major carriers are making the unusual request as frustrations mount following the Alaska Airlines 737 MAX blowout. 


 
Micron Finally Earns Its AI Premium

The chip stock jumped Thursday, reflecting investor enthusiasm over the company's latest results. 


 
Medicare Opens Door for Covering Obesity Drugs

Some Medicare members could get help paying for popular new weight-loss drug Wegovy-as long as they have a history of heart disease and are using it to prevent recurring heart attacks and strokes.


(END) Dow Jones Newswires

03-21-24 1515ET