GM's Fourth-Quarter Profit Dinged by Strike, EV Losses

The auto company sees a potential profit rebound this year despite easing prices. 


 
New Drug Shown to Relieve Pain Without Getting Patients Addicted

The non-opioid drug from Vertex Pharmaceuticals lowered the pain of study subjects, though it didn't work better than popular painkiller Vicodin. 


 
The Real Evergrande Reckoning Is for China's Foreign Creditors

Offshore lenders to other property developers in the country should be worried about the precedent. 


 
Why Defense Contractors Are Saying No to Their Biggest Customer: The Pentagon

Global conflicts have driven record orders for Northrop Grumman, Lockheed Martin and RTX, but they are passing on some big deals. 


 
TikTok Pledged to Protect U.S. Data. $1.5 Billion Later, It's Still Struggling.

The video-sharing app said it had walled off American data in Project Texas, but employees said data is still sometimes shared with its China-based parent. 


 
Boeing Withdraws Safety Exemption Request for MAX 7

Boeing is withdrawing a request for a safety exemption for a new MAX series jet that would have allowed U.S. regulators to speed up its approval, a decision that comes as the plane maker faces heightened scrutiny. 


 
Elon Musk Says Neuralink Has Implanted Brain Chip in Human

The announcement represents a potential milestone in the development of "brain-computer interface" technology. 


 
UPS Stock Falls. Fourth-Quarter Earnings and 2024 Guidance Come Up Short.

For 2024, UPS expects to generate an operating profit of roughly $9.6 billion. Wall Street was looking for closer to $10.7 billion. 


 
Starbucks Is Poised for a Tough Quarter. Wall Street Is Divided on the Outlook.

The coffee chain's results for the final three months of calendar 2023 are due after the close on Tuesday. 


 
Diageo Profit Falls, Sales Miss Consensus

Diageo said profit for the first half of fiscal 2024 fell, dragged by sharply lower revenue in Latin America and the Caribbean, while organic net sales dropped 0.6%, missing its expectations of flat growth.


(END) Dow Jones Newswires

01-30-24 0715ET