Moderna Looks to Pare R&D Spending Even as It Pivots From Covid Vaccines

The biotech company is advancing new offerings in part to offset revenue declines while also trying to bring costs down. 


 
Adobe Finds AI Hype Is a Two-Edged Sword

The competitive threat from OpenAI's Sora tool is overblown, but a rising valuation made Adobe's stock vulnerable. 


 
Tesla Stock Set to Break Two-Day Slump. EV Rival BYD Stokes Price War in China.

The price war in China intensifies and Tesla CEO Elon Musk comments on a problem with factory production in Germany. 


 
Deutsche Post Sees Limited Earnings Growth

Deutsche Post forecast relatively flat earnings growth in 2024 as it said it expected "volatility in demand and geopolitical crisis" to remain and after it reported fourth-quarter profits below consensus. 


 
TikTok Faces U.S. Ban in New Draft Bill

TikTok, the short-video platform owned by Chinese internet company ByteDance, is facing renewed political pressure in the U.S. from a draft bill that could lead to a ban of its popular video-sharing app. 


 
BYD Cuts Starting Price of Cheapest Electric Car Amid Fierce Competition

BYD unveiled an updated version of its cheapest electric car model, Seagull, and further slashed its starting price, deepening a price war amid rising competition in China, the world's largest car market. 


 
Dassault Aviation Posts Profit Miss But Sees Higher Sales

Dassault Aviation reported below-forecast results for 2023 but said it expected higher sales this year on increased jet deliveries, despite supply-chain hurdles that will continue to weigh on production. 


 
The Nvidia Chips Inside Powerful AI Supercomputers

Built to drive the graphics of videogames including "Call of Duty," they now also power ChatGPT and other AI tools. 


 
Shares of the South America's Amazon.com Look Like a Buy

Investors looking for an alternative to the Magnificent Seven could do worse than this popular online retailer. 


 
ANZ Sells Stake in Malaysian Bank for Over $400 Million

ANZ Group Holdings has sold a substantial portion of its stake in a Malaysian bank for $444.0 million, according to a term sheet seen by The Wall Street Journal.


(END) Dow Jones Newswires

03-06-24 0715ET