Elon Musk's xAI to Raise $6 Billion in Latest Fundraising Round

The competitor to OpenAI is looking to invest more in research and development amid fierce competition in the burgeoning sector. 


 
Evergrande EV Unit Says Liquidators in Talks With Potential Buyer

Liquidators of the beleaguered China Evergrande Group are in talks with a potential buyer to sell a significant stake in the property giant's new energy vehicle unit. 


 
Lendlease Quits International Construction to Free $2.98 Billion

The Australian real-estate developer plans to exit international construction amid what it called a prolonged market downturn, freeing $2.98 billion for capital returns, debt reduction and local growth. 


 
Chevron-Hess Deal Vote Is Looking Like a 'Coin Toss'

Chevron hopes to buy Hess for $53 billion. But the status of the deal looks shakier than ever, 


 
Tesla Shareholders Advised to Vote Against Elon Musk's Pay Package

Proxy-advisory firm Glass Lewis says the proposed compensation would dilute shareholders' holdings. 


 
With $14 Billion U.S. Steel Deal in Limbo, Nippon Steel Seeks Community Support

The Japanese steelmaker's vice chairman, visiting the Pittsburgh area, says the company is ready to "share all the fruits of our technology." 


 
It's Taylor Swift's World. The Government Is Just Suing Ticketmaster in It.

The superstar wasn't onstage at the Justice Department when top officials announced their lawsuit against Live Nation and Ticketmaster. But she's definitely part of the show. 


 
Inside the Rockefeller Clan's Intensifying Feud With Exxon

They have suffered reversals in their efforts to hold the energy giant to account for climate change, but the family that owes its fortune to oil isn't backing down. 


 
Eli Lilly to Spend $5.3 Billion to Make More Mounjaro, Zepbound

The outlay to expand an Indiana production site, combined with a previous $3.7 billion commitment, is the largest manufacturing investment in company history. 


 
Whistleblowers, Yachts and Lawyers: FTX Examiner's Key Takeaways

FTX paid more than $25 million to seven whistleblowers, an independent examiner found. Here's what else was in the 210-page report.


(END) Dow Jones Newswires

05-27-24 0315ET