Oracle Wins Bid for TikTok in U.S.; Microsoft Loses Out
Oracle won the bidding for the U.S. operations of the video-sharing app TikTok, a person familiar with the matter said, beating out Microsoft in a deal to salvage a social-media service that has been caught in the middle of a geopolitical standoff.
SoftBank Group Agrees to Sell Arm to Nvidia in $40 Billion Deal
SoftBank Group said Monday that it agreed to sell chip-designer Arm to chip maker Nvidia in a deal valued at $40 billion.
China's New Financial Rules to Cover Jack Ma's Ant Group
The People's Bank of China said firms that operate two or more financial businesses in the country will be classified as financial-holding companies.
Former Top Boeing 737 MAX Officials Defend Design Process
Two high-ranking executives who oversaw Boeing's development of the 737 MAX told House investigators the company's design process wasn't flawed despite two fatal crashes, a contrast to other company leaders' concessions of past engineering errors.
AstraZeneca Covid-19 Vaccine Trials Resume in U.K.
The company has ended a pause in clinical trials for its experimental coronavirus vaccine in the U.K. after regulators concluded it was safe to do so. The trials were halted globally after a person who received the vaccine had an unexplained illness.
Uganda, Total Reach Key Deal on $3.5 Billion Oil Pipeline
Uganda and French oil giant Total SA have reached an agreement for the construction of a $3.5 billion pipeline to the Tanzanian port of Tanga, unlocking the long delayed development of the region's largest crude reserves.
Ming Yuan Cloud Aims to Raise Up to $797 Million in Hong Kong IPO
The China-based provider of software solutions for property developers has begun taking orders from investors for its shares starting Monday, according to a term sheet seen by The Wall Street Journal.
Would a TikTok Ban Make the App Disappear? It's Complicated.
President Trump gave TikTok owner ByteDance until mid-September to sell its U.S. operations to an American company or face a ban. Here are answers to what this means for TikTok users and followers in the U.S.
Exxon Used to Be America's Most Valuable Company. What Happened?
The oil giant doubled down on oil and gas at what now looks to be the worst possible time. Investors are fleeing and workers are grumbling about the direction of a company some see as out of touch.
Gilead Reaches Deal to Buy Immunomedics for $21 Billion
The biotech drugmaker has a market value of roughly $10 billion, meaning that Gilead would be paying up for the company and its prized breast-cancer drug.
