News Highlights: Top Company News of the Day - Monday at 1 PM ET

Tesla, Li Auto Cut Prices in China as EV Competition Heats Up 
 

The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.

 
Verizon Communications Results Lifted by Price Hikes 
 

Verizon Communications' revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.

 
Kroger, Albertsons to Sell More Stores, Looking to Appease Regulators 
 

Kroger and Albertsons have agreed to sell over 160 additional stores in a divestiture package, a bid to appease competition regulators and close their long-pending merger.

 
Salesforce Calls for AI Emissions Regulations as Concerns Grow Over Tech Sector's Carbon Footprint 
 

The software maker highlights worries about energy use and a lack of climate-impact disclosure as AI adoption expands.

 
A Sony Bid for Paramount Would Be a Win-Win 
 

Any deal involving a takeover by the Japanese giant still faces thorny obstacles, antitrust regulators and boardroom drama among them.

 
Tomb Raider Owner Embracer Plans Three-Way Split 
 

Embracer said it planned to split into three separately listed companies in a move aimed at shoring up investors' support amid stubbornly high debt.

 
Meta's AI Push Needs to Efficiently Deliver a Lot More Ad Growth 
 

The Facebook parent's valuation has surged, creating new pressure to keep growth up and costs down.

 
Insurer Earnings Make Hospital Investors Sweat 
 

Better-than-expected medical costs for insurers are putting pressure on hospital stocks.

 
VW Works Closely With Unions in Germany, but UAW May Be Less Cuddly 
 

Organizers are raring for "the real fight" after their win in Chattanooga, signaling a more adversarial dynamic than the automaker has known back at home.

 
Hipgnosis Gets $1.5 Billion Approach From Blackstone 
 

Hipgnosis, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, said it received a $1.5 billion approach from Blackstone that it would be prepared to recommend if a formal offer was made.

(END) Dow Jones Newswires

April 22, 2024 13:15 ET (17:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.