TikTok plans to spin off its U.S. operations under a new American-led joint venture to comply with U.S. law.
Industry
US Drug Pricing Deal May Lead to Swiss Medicine Price Hikes
US drug price cuts may push up the cost of new medicines in Switzerland, Roche's CEO warns.
Seatrium, Maersk Reach Financial Settlement, Avoid Lengthy Legal Battle Over Offshore Wind Project
Seatrium and Maersk settle their offshore wind vessel dispute, avoiding lengthy legal battles and ensuring project completion.
Elon Musk's $55 Billion Tesla Compensation Reinstated by Delaware Supreme Court
The Delaware Supreme Court has reinstated Elon Musk's $55 billion Tesla pay package, reversing a lower court decision that had canceled the deal.
Meta's Dina Powell McCormick Resigns From Board After Eight Months
Dina Powell McCormick has resigned from Meta's board after just eight months, with the company confirming her exit and a possible advisory role.
Latest News
Warner Bros. Discovery rejects Paramount's $108B takeover bid, backing Netflix's safer deal instead.
Meta's AI ambitions face challenges as Alexandr Wang critiques Mark Zuckerberg's hands-on leadership and internal upheaval grows.
The FDA expanded approval of Addyi, allowing postmenopausal women up to age 65 to use the libido-boosting drug.
FDA warns major U.S. retailers for still selling recalled ByHeart baby formula linked to a botulism outbreak.
Netflix CEOs reassure staff that the Warner Bros. Discovery deal will protect jobs, studios, and theatrical releases despite rival bids.
Ford takes a $19.5 billion writedown, cancels several EV models, and shifts focus to hybrids and affordable electric trucks.
Azul Airlines gets U.S. court approval for Chapter 11 plan, cutting $2B debt and planning exit by February.
A new report warns the U.S. faces rising national security risks due to heavy dependence on China for essential medicines.
Lululemon announces CEO Calvin McDonald's exit as the company restructures amid slowing U.S. sales and rising athleisure competition.
