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News Highlights: Top Company News of the Day

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01/13/2020 | 11:16am EDT
Ford Signals More China Trouble on the Road Ahead 

The company's China sales fell for the third year in a row in 2019, a drop to less than half of what the company sold at its zenith in 2016. The situation for the broader market is likely to get worse in 2020, it said.

Drugmakers Test New Ways to Pay for Six-Figure Treatments 

Drugmakers, facing increased resistance to high prices of many new drug therapies, are trying out new reimbursement models that depend on collecting more and better patient data.

Facebook's VR Quest Finally Getting Real 

The social network's newest Oculus headset sees strong demand, with a big new game coming.

Picking Winners in China's Car Market Crash 

Some car makers-mostly joint ventures between Japanese and German brands and Chinese companies-have increased their sales during the recent downturn, despite a second straight year of falling auto sales in China.

Geneticists Call on Myriad to Share Proprietary Data to Aid Gene Tests 

A leading medical society is calling on Myriad Genetics and other lab companies to share proprietary genetic testing data in a public database.

Aerospace Suppliers Woodward and Hexcel to Merge 

Woodward and Hexcel executives said the planned merger was a response to the rising tide of climate-change pressures facing the industry.

Exxon Considers Sale of Oil Assets in Equatorial Guinea 

Exxon Mobil is in talks to sell its oil assets in Equatorial Guinea, the country's oil minister said, and might be replaced by a Russian company.

Aramco Adds to Record IPO 

Saudi Aramco said it netted an additional $3.8 billion from its record initial public offering as it sold more shares to meet investor demand, boosting Crown Prince Mohammed bin Salman's war chest to reshape the country's oil-dependent economy.

Bristol's Merger With Celgene Is Already Paying Dividends, CEO Says 

Bristol-Myers Squibb needs its recently completed $74 billion merger with Celgene to pay off quickly-and says it plans to launch six new drugs in the next two years.

Awards Bump Powers '1917' to Box-Office Gains 

After nabbing best-picture honors at the Golden Globes awards, World War I action-drama "1917" opened strong enough to dethrone the latest Star Wars movie, which had ruled atop the box office for three consecutive weeks.

Stocks mentioned in the article
ChangeLast1st jan.
BOX, INC. -3.05% 19.37 Delayed Quote.15.44%
CELGENE 0.10% 108.24 Delayed Quote.68.89%
EXXON MOBIL CORPORATION 1.78% 46.28 Delayed Quote.-33.68%
HEXCEL CORPORATION 1.63% 36.78 Delayed Quote.-49.83%
LONDON BRENT OIL 0.39% 38.49 Delayed Quote.-46.38%
SAUDI ARABIAN OIL COMPANY -0.30% 32.9 End-of-day quote.-6.67%
WOODWARD, INC. 2.09% 70.01 Delayed Quote.-40.89%
WORLD CO., LTD. -1.91% 1537 End-of-day quote.-42.88%
WTI 0.29% 35.49 Delayed Quote.-45.35%
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