Robinhood Shares Soar on Takeover Hopes 
 

Robinhood Markets shares surged Monday on reports that cryptocurrency exchange FTX is exploring a potential acquisition of the brokerage.

 
Nike Stock Is Rising. Earnings Beat Estimates. 
 

Athletic-apparel giant Nike beat analysts' estimates for the fiscal fourth quarter on the top and bottom lines. Predictably, China revenue slumped.

 
CVS, Walmart Impose Purchase Limits on Plan B Pills 
 

Some retailers' websites indicated that the emergency contraceptive was in short supply amid a surge in demand following the Supreme Court's abortion-rights decision.

 
MSNBC Taps Alex Wagner as Rachel Maddow's Successor 
 

The veteran political correspondent is set to host the channel's 9 p.m. hour starting in August

 
GE CEO Larry Culp to Also Run Aviation Business 
 

The company is shaking up leadership in its jet-engine business as it prepares for a breakup.

 
McDonald's Names New CFO, Promoting From Within 
 

The fast-food company has tapped a new finance chief as it works to revamp its U.S. franchise system and manage high inflation.

 
Credit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine Ring 
 

Credit Suisse and a former employee were found guilty in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking.

 
Digital World Acquisition Discloses Federal Subpoenas 
 

The special-purpose acquisition company, which has plans to merge with Donald Trump's social-media company, also said a board director has resigned.

 
Crypto Hedge Fund Three Arrows Defaulted on Loan, Says Broker 
 

Three Arrows has defaulted, failing to make loan payments tied to large bets in the digital-currency realm, crypto broker Voyager Digital said.

 
India's Zomato Bites the Bullet on Quick Commerce 
 

Tech firm Zomato's acquisition of instant delivery firm Blinkit is coming across as a risky bet in a tough market environment. But does Zomato have the option to wait?

(END) Dow Jones Newswires

June 27, 2022 17:15 ET (21:15 GMT)