Boeing shares stumble after mid-flight blowout
Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 11%.
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Column: In their war on children’s health, red states reject federal meal program for low-income families
Question: Is there anything more absurd than red state governors rejecting federal programs that directly benefit their constituents? Easy answer: Yes. It’s the explanations they give to make their actions appear to be sober, responsible fiscal decisions. The Republican governors of Iowa and Nebraska brought us the most recent examples of this phenomenon just before…
Merck to Buy Harpoon Therapeutics for $680 Million
Merck & Co.has struck a deal to buy clinical-stage immunotherapy company Harpoon Therapeutics for about $680 million. Merck on Monday said it will pay $23 a share in cash for Harpoon, more than double Friday’s closing price of $10.55 for the South San Francisco, Calif., company. Copyright ©2024 Dow Jones & Company, Inc. All Rights…
Startups In India Want To Build Their Own App Store To Bypass Google’s
Dozens of prominent startups in India, one of the world’s largest internet markets, are creating a coalition to fight a Google decision that would require them to give 30% of in-app payments to the tech giant beginning next year. On Tuesday, nearly 60 executives from dozens of Indian companies kicked off preliminary discussions, three people…
After Big Tesla Bet, Hertz Selling One-Third of EV Fleet
Updated Jan. 11, 2024 3:38 pm ET Hertz is selling about a third of its global electric-vehicle fleet, a major reversal for the rental-car company after it positioned itself as a champion of the technology with plans to vastly grow its fleet of plug-in models. Hertz said Thursday that it would sell about 20,000 EVs…
Elon Musk’s SpaceX reportedly valued at $175 billion or more in tender offer
Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to people familiar with the matter. The most valuable U.S. startup is discussing a tender offer that could range from $500 million to $750 million, said some of the people,…
Netflix’s cheaper ad tier surges to 23M monthly active users: ad chief
Netflix has seen subscriptions for its lower-priced advertising tier soar — jumping by 8 million over the past two months, the company said. The streaming giant — which rolled out its Basic With Ads plan for $6.99 a month in November 2022 — has amassed more than 23 million global monthly active users, according to…
