News Highlights: Top Company News of the Day - Wednesday at 3 PM ET

Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production 
 

The aircraft maker has cut production to fix quality problems after door-panel blowout.

 
McKinsey Faces Criminal Probe Over Opioid-Related Consulting 
 

Justice Department is investigating the consulting firm's advice to manufacturers of Oxycontin and other opioid products.

 
Amazon Introduces Custom AI Capabilities in Race Against Cloud Rivals 
 

The company's cloud-computing unit hasn't made as big a splash as its rivals in AI, betting instead that businesses want to use a variety of AI models.

 
Here's how much the Baltimore bridge collapse is hurting Norfolk Southern 
 

Norfolk Southern's coal-shipping business has been impacted by the Francis Scott Key Bridge collapse.

 
Hasbro Shares Gain as Cost Cuts Boost Margins 
 

The maker of Transformers action figures and Monopoly board games said it swung to a profit, even as revenue fell.

 
Blackstone to Buy Franchiser Tropical Smoothie Cafe 
 

The deal values the smoothie chain at around $2 billion, including debt.

 
Biogen Stock Rises After Earnings, Jump in Sales of Alzheimer's Drug 
 

Sales of the Alzheimer's treatment nearly triple relative to the fourth quarter of 2023.

 
Elon Musk Needs Cheaper Teslas to Pay for Everything Else He Wants 
 

Tesla's plan for a more affordable model that might revive growth and cash flows has been accelerated at the expense of ambition.

 
Michelin Backs Targets After Weaker Demand Hurts Sales 
 

Sales for the French tire manufacturer fell to EUR6.64 billion from EUR6.96 billion in the first quarter of last year.

 
AT&T's stock rallies after a big subscriber boost and a beat on free cash flow 
 

AT&T delivered a sharp boost in free cash flow for the first quarter, while delivering a beat on that closely watched metric.

(END) Dow Jones Newswires

April 24, 2024 15:15 ET (19:15 GMT)

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