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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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Corruption Probe Underway at Rio Tinto’s Mongolian Copper Mine

A Rio Tinto-controlled company has asked law enforcement to help with an investigation at the giant Oyu Tolgoi copper operation in Mongolia.

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HSBC to Book $1.1 Billion Provision Related to Madoff Case

The London-based bank said the eventual financial impact could be significantly different given the pending second appeal and the complexities associated with determining the amount of restitution.

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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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More Big Companies Bet They Can Still Grow Without Hiring

JPMorgan Chase has a “strong bias” against adding staff, while Walmart is keeping its head count flat.

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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.

  (END) Dow Jones Newswires

  October 26, 2025 23:15 ET (03:15 GMT)
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