Johnson & Johnson's profit beats as sales fall slightly short of estimates

Johnson & Johnson's stock fell 0.4% early Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell slightly short of expectations. 


 
Trump's Truth Social Stake Shrinks by $3 Billion After Stock Tanks

Shares are down about 60% from a recent peak after the first three weeks of trading. 


 
Dr. Martens Shares Tumble as Bootmaker Warns of Tough Year

Dr. Martens shares plummeted after the iconic British footwear and clothing brand said Chief Executive Officer Kenny Wilson plans to step down and warned of a challenging year ahead. 


 
International Paper Buys DS Smith in All-Share Deal

International Paper has agreed to buy London-listed peer DS Smith for roughly $7.2 billion in an all-share deal, outgunning a rival bid from Mondi to form a global packaging leader. 


 
Microsoft Ups Ante in AI Race With China Through Stake in Abu Dhabi Firm

The $1.5 billion deal between the U.S. tech firm and Abu Dhabi-based G42 signals a pivot for the Gulf state toward Washington 


 
Ericsson Mobile Network Weakness to Continue Through 2024

Ericsson expects the mobile-network market to continue falling at least through the end of this year, as customer spending remains cautious and investments in India slow further. 


 
Baidu Says Ernie AI Chatbot Now Has 200 Million Users

The number of users of Baidu's Ernie Bot, China's most popular ChatGPT-style chatbot, has doubled in recent months to more than 200 million, according to the company. 


 
Chinese Developer Sinks After HSBC Subsidiary Files Liquidation Petition

A subsidiary of HSBC wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China's protracted property slump. 


 
PwC Pushes Back at Evergrande Letter

PricewaterhouseCoopers has responded to a public letter that blamed some of its executives for the global accounting firm's exposure to China Evergrande, the fallen property giant. 


 
Alantra Partners Leads Growth Deal for Energy AI-Software Maker GridBeyond

GridBeyond's software uses artificial intelligence to help owners of renewable-power assets manage their systems.


(END) Dow Jones Newswires

04-16-24 0715ET