Novartis Agrees to Acquire Avidity Biosciences for $12 Billion
The Swiss pharmaceutical company says the purchase would complement its existing pipeline of treatments for neuromuscle disorders.
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HSBC Holdings to Book $1.1B Provision Related to Madoff Case
The London-based bank said that a unit is defending a claim brought by Herald Fund SPC for restitution of securities and cash in the lawsuit relating to the Bernard L. Madoff Investment Securities LLC fraud.
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China EV Maker Seres Plans to Raise Up to $1.7B in Hong Kong Offer
The company, focused on new energy vehicles, is planning to sell 100.20 million shares at a maximum offer price of 131.50 Hong Kong dollars, equivalent to $16.92 a share.
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Boeing Defense Workers Reject Latest Contract
The St. Louis-area machinists have been on strike since early August.
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OpenAI’s Less-Flashy Rival Might Have a Better Business Model
Anthropic, backed by Amazon and Google, lacks the mass-market appeal of OpenAI, but it’s running ahead in corporate use on a growth path that’s easier to understand.
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Grindr Gets Buyout Offer Valuing Company at Nearly $3.5 Billion
Two top investors proposed to take the company private by acquiring the rest of the company’s outstanding shares for $18 apiece.
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Travis Kelce Is Jumping In to Save Six Flags Just When It Needed It Most
The football star is backing a hedge fund looking to shake America’s largest theme-park operator out of its funk.
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The Cracker Barrel Mess Isn’t Over Yet
The online anger over the logo change and calls to oust the CEO were actually turbocharged by bots. Even the green beans are making people mad.
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Porsche Skids to Loss on Bad EV Bet, Tariffs
Slow electric-vehicle rollout, weak demand for German premium cars in China and U.S. President Trump’s tariffs have taken a toll on the sport-car maker.
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Microsoft’s Xbox to Remake Original Halo Video Game
The remake, titled Halo: Campaign Evolved, will support multiplayer gaming across several consoles for the first time.
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Elanco Animal Health Obtains FDA Authorization for Screwworm Treatment
Health and Human Services Secretary Robert F. Kennedy Jr. determined that New World screwworm presents significant potential for a public health emergency.
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Brookfield Wins Bid to Restart Notorious Nuclear Reactor Project
The restart of an abandoned South Carolina project would be the most dramatic example yet of a nuclear comeback in the U.S.
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GM Cuts More Than 200 White-Collar Jobs in Detroit
The move comes days after GM’s stock surged to a record following better-than-expected earnings and a rosier outlook.
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Procter & Gamble to Focus on Innovation, Not Discounts, to Attract Wary Shoppers
The company reported higher first-quarter sales and said it was investing in product innovation instead of lowering prices to draw cautious consumers.
(END) Dow Jones Newswires
October 26, 2025 21:15 ET (01:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
