Samsung Shares Rally After Reports of Nvidia Seeking Next-Generation Chip Supply

Samsung Electronics shares rallied after reports of Nvidia looking to buy high bandwidth memory chips from the South Korean company. 


 
Prudential Earnings Top Forecasts as New Business Jumps

Prudential's adjusted operating profit rose in 2023, with the insurer's focus on Asian and African markets helping generate a 45% gain in new business earnings. 


 
Lonza to Boost Biologics Sales With Manufacturing Facility Buy

Lonza agreed to buy a manufacturing facility in the U.S. from Roche for around $1.2 billion in cash as it seeks to grow its biologics division. 


 
Apple Looks to External Partners to Boost AI Efforts

The iPhone giant is playing catch-up in generative AI boom with the help of Google or OpenAI. 


 
Chipotle Board Approves 50-for-1 Stock Split

The move, if shareholders approve, would be the first stock split in the restaurant chain's 30-year history. 


 
JetBlue to Cut Routes After Weaker Performance

JetBlue will exit certain cities and end some flight routes in a bid to prioritize better-performing routes with limited aircraft on hand. 


 
Astera Labs prices IPO at $36 a share, well above target range

Wall Street is about to get a new way to play the intersection between chips and artificial intelligence. 


 
Supreme Court Hears Arguments about Insurer Standing in Asbestos Bankruptcy

Justices of the U.S. Supreme Court questioned Kaiser Gypsum about why it seemingly doesn't want its insurer, which objects to the defunct cement maker's Chapter 11 plan, to be heard in court. 


 
Gemini Settles With Bankrupt Genesis for Customers to Be Paid Back in Full

The settlement, which needs court approval, would return about $2 billion in digital coins to customers of the Winklevosses' Gemini Earn. 


 
JPMorgan to Hike Dividend After Notching Record Profit

It's the bank's second dividend increase in the past year.


(END) Dow Jones Newswires

03-20-24 0515ET