Microsoft and Activision Blizzard Still Committed to $75 Billion Merger

The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. 


 
Oddity Prices Closely Watched IPO Above Expectations

Beauty company sells more shares than planned, signaling investors may be ready to write checks for new companies again. 


 
Rio Tinto Sees Strong Iron-Ore Sales; Cuts Guidance for Alumina, Refined Copper

UPDATED: Rio Tinto expects full-year iron-ore shipments to be in the upper half of company guidance but cuts production estimates for others including alumina and refined copper. 


 
One Equity Investigated by SEC

The Securities and Exchange Commission is investigating whether the private-equity firm's communications with investors about its past and future performance violated rules. 


 
Thousands of Authors Ask AI Chatbot Owners to Pay for Use of Their Work

James Patterson and Margaret Atwood are among writers who have joined the call for compensation. 


 
Opioid Victims Object to Supreme Court Review of Purdue Pharma's $6 Billion Settlement

The federal government has taken issue with the settlement because it would shield members of the billionaire Sackler family from opioid-related lawsuits. 


 
Gucci CEO Marco Bizzarri to Leave in Leadership Shuffle

The management changes will elevate two other executives at Kering, the luxury conglomerate that owns the fashion house and other brands. 


 
Meta, Microsoft Team Up to Offer New AI Software for Businesses

The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft's Azure cloud-computing platform. 


 
Wall Street Wrestles With Dealmaking, Trading Slump

Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. 


 
Bonds Are a Problem, and One Solution, for Bank of America

Trading bonds is working out better than holding them.


(END) Dow Jones Newswires

07-18-23 2115ET