Dow Jones Top Company Headlines at 7 AM ET: EBay Rejects GameStop's $56 Billion Takeover Proposal | JD.com ...
EBay Rejects GameStop's $56 Billion Takeover Proposal
The e-commerce platform called the offer "neither credible nor attractive" after a rollout by GameStop CEO Ryan Cohen appeared to fizzle.
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JD.com Posts Quarterly Profit, Signaling Narrowing Food-Delivery Losses
JD.com returned to the black in the first quarter, in a sign the Chinese e-commerce giant is making progress in stemming losses in its food-delivery business.
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Bristol-Myers Squibb and China's Hengrui Pharma Forge Tie-Up
U.S. pharma giant Bristol-Myers Squibb has struck a partnership and licensing deal with Chinese drugmaker Hengrui, in a deal that could worth more than $15 billion.
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Sam Altman's Business Dealings Under GOP Scrutiny Ahead of OpenAI's IPO
The Republican-led House Oversight Committee says it is investigating, and six GOP state attorneys general are calling for SEC review after a WSJ article.
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Elon Musk's Grok Is Losing Ground in AI Race
Adoption by business and consumer users has slowed as parent SpaceX rents out spare computing capacity to rival Anthropic.
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Novo Nordisk Says Higher-Dose Wegovy Shot Helps Some Patients Lose 28% in Weight
The company said the majority of the weight loss-around 84%-came from losing body fat while preserving muscle function and improving muscle health.
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Bayer Net Profit Surges Driven by Growth in Agricultural Division
The group's net profit was aided by a gain from the sale of an antibiotics business and stronger underlying earnings at its agricultural division.
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Adnoc Gas Expects Strait of Hormuz Closure to Hit Full-Year Profit
The Abu Dhabi-owned gas company anticipates a hit to second-quarter net income between $400 million and $600 million due to the strait's closure.
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China's Kuaishou Plans Spinoff of AI Unit That Could Be Valued at $20 Billion
The Chinese short-video company is in talks with prospective investors-including Tencent, a major shareholder of Kuaishou-to raise around $2 billion for its Kling unit.
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Byron Allen to Acquire Majority Stake in BuzzFeed for $120 Million
Allen, whose company Allen Media Group owns the Weather Channel and more than 30 network affiliate broadcast channels, plans to acquire 40 million shares for $3 apiece, BuzzFeed said.
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Hims & Hers Health Swings to First-Quarter Loss as Weight-Loss Pivot Drives Up Costs
The telehealth platform also warned it could face further profit pressures ahead, citing heavier investments in areas such as international expansion and technology.
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Micron and SK Hynix Stocks Surge. Thank Trouble at Samsung.
Micron and SK Hynix stocks rose Monday. Memory-chip rival Samsung could be about to take a hit to production.
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BMO Financial Group to Sell Transportation-, Vendor-Finance Businesses to Stonepeak
The proposed sale includes a combined loan and lease portfolio in the U.S. and Canada that totals about $10.6 billion as of the end of March.
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Rigetti Computing Is Trading Quality for Quantity. The Quantum Stock Is Falling.
Revenue at the quantum computing firm triples in its latest quarter, but the stock reaction to first-quarter earnings is muted.
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Victoria's Secret Accuses Major Investor of Spying to Get Sales Data
The lingerie retailer claims an adviser to billionaire Brett Blundy visited at least 17 stores and gained trade secrets.
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GoPro Reviewing Possible Sale After Receiving Inquiries
The wearable camera maker said it received inquiries related to mergers and acquisitions after it made efforts to expand into the defense and aerospace industries.
(END) Dow Jones Newswires
May 12, 2026 07:15 ET (11:15 GMT)
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