Sanofi to Settle Claims That Heartburn Drug Zantac Caused Cancer

The French healthcare company said the deal would require the consent of individual plaintiffs and would take time to conclude. 


 
How Disney's Bob Iger Vanquished Wall Street Agitator Nelson Peltz

The CEO rolled out of a string of initiatives that helped inoculate the company against the activist's attack. 


 
Apple Isn't Making an EV, but Chinese Phone Makers Are Showing They Can

The tech heavyweights looking to electric vehicles for their second act are jumping into a brutal price war. 


 
Fisker Withdraws Guidance Amid Strategic Options Evaluation

Fisker also disclosed that board member William McDermott had resigned, and appointed John Dubel as his replacement. 


 
BlackBerry swings to surprise profit on sales growth for IoT, cybersecurity units

BlackBerry's stock jump more than 6% after surprise quarterly profit for the tech company. 


 
Paramount Enters Exclusive Merger Talks With Skydance, Spurning $26 Billion Offer From Apollo

An agreement would pave the way for an exit by controlling shareholder Shari Redstone. Paramount's shares climbed 15%. 


 
Beauty Slowdown Reflects Cracks in Consumer Spending

The entire beauty category is experiencing weaker spending across price points and product segments, says Ulta's CEO. 


 
Levi Strauss Swings to Quarterly Loss, Lifts Full-Year Guidance

The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales. 


 
Amazon Cuts Hundreds of Jobs in Cloud-Computing Business

Amazon Web Services said it planned to eliminate several hundred jobs in sales, marketing and global services, and would cut hundreds more from its physical stores technology team. 


 
Nvidia Partner Bets $3.9 Billion on Midwest's Chip-Making Potential

SK Hynix is planning for a facility in West Lafayette, Ind., amid an uptick in Midwestern semiconductor projects.


(END) Dow Jones Newswires

04-04-24 0115ET