Permian Rivals Reach Deal to Create $50 Billion Oil-and-Gas Behemoth

Diamondback Energy and Autry Stephens's Endeavor announce a merger as torrid dealmaking continues in the oil patch. 


 
Former FirstEnergy Executives and Former Public Utility Official Indicted in Ohio

Samuel Randazzo, ex-head of state utilities, was accused of receiving more than $4.3 million from FirstEnergy and its affiliates to provide favorable official actions for the company. 


 
CymaBay Therapeutics Shares Hit All-Time High on Gilead Deal

CymaBay Therapeutics shares jumped nearly 25% and hit a new record high in early trading after the clinical-stage biopharmaceutical company agreed to be acquired by Gilead Sciences for $4.3 billion. 


 
Michelin to Buy Back Shares After Flat 2023 Earnings

The French tire maker said the share buyback could be worth up to EUR1 billion over the 2024-2026 period. It also declared a EUR1.35 dividend for the year. 


 
Digital Freight Startup CDL 1000 Acquires Rival NEXT Trucking

The combination of port trucking companies follows strains in the world of tech-focused shipping businesses. 


 
Super Bowl Ratings: Will This Year's Game Break Viewership Records?

Chiefs' victory over 49ers is expected to be most-watched Super Bowl ever, boosted by the close game as well as the presence of Taylor Swift. 


 
How an Unremarkable Deal Became a Big Threat to a Small Investment Bank

History is littered with financial companies that were undone by one bad bet. Investors are worried that B. Riley Financial will be one of them. 


 
Residential Solar Confronts a Critical Year

High rates and less-generous subsidies have pushed some rooftop solar companies into bankruptcy, and even survivors will have an uphill battle. 


 
Videogame Industry Banks on Distant Coming Attractions

New Switch console and 'Grand Theft Auto VI' are on the horizon, but big game publishers Electronic Arts and Take-Two are expected to see only modest growth this year. 


 
The Great Salt Lake Is Full of Lithium. A Startup Wants to Harvest It.

Lilac has raised $145 million from Bill Gates's Breakthrough Energy Ventures and other investors.


(END) Dow Jones Newswires

02-12-24 1515ET