News Highlights: Top Company News of the Day
Merck Is in Advanced Talks to Buy Cancer Biotech Seagen
A deal, potentially worth $40 billion or more, would help Merck
broaden its lineup of cancer drugs, currently led by Keytruda.
Chip Makers May Pick Up Political Cost Without the Benefit
Subsidy push seems to have stalled as talk of more export bans
Samsung's Pandemic Boom Is Over
Investors seemed to breathe a sigh of relief after the tech
giant reported preliminary results, but the worst is likely still
ahead, especially for its memory-chip business.
Shell Says Fuel-Refining Margins Could Add $1 Billion to Quarterly Earnings
Record fuel prices are set to help boost the oil major's profit,
while a resurgence in energy demand lifts the value of its oil and
Senate Report Hits AbbVie's Bermuda Tax Structure for U.S. Humira Sales
Company made most of its overall 2021 sales in the U.S. while
recording most of its profits in foreign subsidiaries, leaving it
with a tax bill far below the 21% U.S. rate.
Pritzker Private Capital Adds Two to Operations Group
The Chicago investment firm has added Anish Sharan and Tim
Giulianelli to help its portfolio companies with digital efforts
Telecom Italia to Separate Fixed-Line Business
Telecom Italia said it plans to separate its fixed-network
infrastructure assets with the aim of improving its financial
TSMC Shares Rebound Amid Signs of Resilient Chip Sales
Shares of Taiwan Semiconductor Manufacturing Co. rebounded
strongly as investors weighed signs of resilient chip demand amid
worries about a global economic slowdown.
LG Electronics Expects 12% Drop in Second-Quarter Operating Profit
LG Electronics expects its second-quarter operating profit to
fall 12% amid growing challenges from weak demand and high
Cosco Shipping Shares Jump After It Guides for 74% First-Half Profit Rise
Cosco Shipping Holdings shares jumped in both Hong Kong and
China on Thursday after the container-shipping company guided for a
74% rise in first-half net profit.
(END) Dow Jones Newswires
July 07, 2022 07:15 ET (11:15 GMT)
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