Vertex Pharmaceuticals to Acquire Alpine Immune Sciences for $4.9 Billion

The deal would give the pharmaceutical giant access to Alpine's potential treatment for chronic kidney disease. 


 
Regeneron accused of 'fraudulent' drug-pricing reporting for eye drug Eylea

The Department of Justice on Wednesday accused drug maker Regeneron Pharmaceuticals Inc. of fraudulent practices related the pricing of its blockbuster vision-impairment drug Eylea, boosting its sales in the process. 


 
Costco boosts its dividend by 14% while touting sharp rise in e-commerce sales

Costco saw a 9.4% sales boost the five weeks through April 7, driven by a surge in e-commerce activity. . 


 
Rent the Runway sees 'milestone' 2024 and breakeven cash flow, as stock soars

Rent the Runway Inc. on Wednesday said it expected breakeven free cash flow this year, following cost cuts and signs of a revival in shoppers' enthusiasm. 


 
NextDC Raising $860 Million Amid Record Data-Center Demand

Australian data-center operator NextDC is raising $860.4 million of equity to accelerate several developments as the global shift to cloud computing drives record demand for its services. 


 
Boeing's stock sinks toward a 17-month low as the bad news keeps coming

Boeing's stock is falling toward the lowest levels seen in more than a year, as the aerospace giant continued to feel the heat from allegations of shoddy safety controls. 


 
Four Paramount Directors to Step Down as Company Discusses Skydance Merger

The directors' expected departures come at a sensitive time for Paramount Global. 


 
KPMG Fined Record $25 Million in Exam-Cheating Scandal

The fine on the auditing firm's Netherlands unit is the largest ever from the Public Company Accounting Oversight Board, eclipsing its $8 million levy on Deloitte Brazil in 2016. 


 
Hexcel Surprises Investors With a New CEO

Chief Executive Officer Nick Stanage will be replaced as company head on May 1. 


 
Delta sees record revenue as business travel accelerates, but stock turns lower

Delta Air Lines' stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat - and record revenue - fueled by accelerating business-travel demand.


(END) Dow Jones Newswires

04-11-24 0115ET