News Highlights: Top Company News of the Day
Rajeev Misra to Step Back From Top Executive Role at SoftBank
Misra, who runs SoftBank's giant venture-investing arm, plans to
run a new outside investment outfit, according to a company
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.
Memory-Chip Prices Fall From Pandemic Highs
The average contract price for a major type of memory fell by
10.6% in the second quarter and prices are expected to decline even
more in the coming months.
Pinterest's Investors Should Mind TikTok's Gap
TikTok's live-shopping pain in the U.K. is a bad sign for
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
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.
(END) Dow Jones Newswires
July 07, 2022 09:00 ET (13:00 GMT)
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