UBS, Apollo Complete Securitization Unit Deal

UBS and Apollo Global Management have finalized a deal to offload Credit Suisse's former securitized products business, as the Swiss bank continues its integration after the takeover. 


 
DS Smith in Takeover Talks With International Paper

DS Smith is in talks with International Paper regarding an all-share takeover proposal valuing the London-listed company at $7.2 billion, and potentially sparking a bidding war with peer Mondi. 


 
Musk's xAI to Make Grok Chatbot Available to All Premium X Users

Elon Musk's artificial-intelligence company will make its Grok chatbot available to all premium subscribers of social-media platform X. 


 
Merck's $11.5 Billion Bet on Its Next Big Drug Finally Arrives

The newly approved drug, which treats potentially fatal pulmonary arterial hypertension, is estimated to ring up as much as $7.5 billion in yearly sales. 


 
Elon Musk Pushes to Increase Use of 'Full Self-Driving' Software as Tesla Sales Cool

Elon Musk has said drivers with FSD enabled will get a one-month free trial starting in the coming days. 


 
Airbus Has Its Own Issues. Can It Keep Its Lead Over Boeing?

The plane maker must ramp up production. Its order backlog hit an industry record. 


 
H&M Outlook on Track as Sales Pick Up

H&M posted forecast-beating earnings as well-received spring collections pushed sales higher during February., and said its target of a 10% operating margin for 2024 remained. 


 
NBC Drops Former RNC Chief Ronna McDaniel Amid Backlash

Hiring of former Republican National Committee Chairwoman sparked an unprecedented on-air backlash from anchors and commentators. 


 
Krispy Kreme Stock Jumps After Expanding Partnership With McDonald's

The fast-food chain said it will start rolling out the doughnuts in the second half of this year. 


 
GameStop Stock Tumbles on Big Earnings Miss

The videogame retailer's revenue for its latest quarter came in nearly $300 million short of analysts' expectations.


(END) Dow Jones Newswires

03-27-24 0515ET