From Facebook to Meta: Zuckerberg's Big Bet

A new podcast series examines what Meta Platforms' multibillion-dollar bet on the metaverse means for the company, investors and internet users. 


 
Bristol Myers Squibb Cancer-Treatment Trial Misses Endpoint

Bristol Myers Squibb said its trial evaluating a combination of cancer treatments failed to meet its primary endpoint. 


 
Sweetgreen's stock rockets 37% as analysts welcome U.S. rollout of steak dishes

Management has adapted well to the new normal of the operating and consumer environment and has got back to executing growth strategies aggressively, analysts said. 


 
Canada Seeks Ruling on Mandatory Shipments During Potential Railroad Strike

Canada's Liberal government is asking the federal labor-relations board to review whether the country's two main railroads must continue to transport certain goods in the event of a possible strike later this month. 


 
Musk Says Tesla Will Spend $500 Million on Charging Network, Following Layoffs

The announcement comes days after the carmaker laid off much of the team responsible for creating the largest such network in the U.S. 


 
AMC Networks Stock Drops as Earnings, Sales Fall Short

The television company, which produces "The Walking Dead," cited "declines in the linear subscriber universe" for a drop in subscription revenue. 


 
Novavax Stock Surges 140% on $1.4 Billion Deal With Sanofi

The two companies will work on a shot that combines Covid-19 and flu vaccines. 


 
Ford Names Former Lucid CFO Sherry House as Next Finance Chief

The newly appointed executive will move into the role in early 2025, succeeding John Lawler who is set to become vice chair. 


 
IAG Well Positioned for Summer as Earnings Rise

IAG reported an increase in operating profit and said that it was well positioned for the summer after strong demand boosted revenue for the first quarter of the year. 


 
Honda Motor Expects Annual Profit to Fall

The Japanese automaker projected a drop in fiscal-year net profit and announced a share buyback after posting a sharp increase in annual profit for the previous year.


(END) Dow Jones Newswires

05-10-24 1715ET