News Highlights: Top Company News of the Day - Monday at 11 AM ET
January 08 2024 - 11:15AM
Dow Jones News
Apple's Vision Pro to Become Available In U.S. Feb. 2
Apple's new mixed-reality headset will become available in the
U.S. starting Feb. 2, setting the stage for the company's
premium-priced offering to compete in a crowded market.
The 737 MAX Blows Another Hole in Boeing's Reputation
Boeing's 737 MAX model just doesn't seem able to outfly bad
publicity. Even if the latest problem is just with one specific
plane, its manufacturers will pay the price of greater
scrutiny.
Boston Scientific to Acquire Axonics For About $3.7 Billion
Axonics had agreed to be bought for $71 a share. Boston
Scientific said the deal gave Axonics an equity value of $3.7
billion and an enterprise value of $3.4 billion.
Johnson & Johnson to Acquire Amrbx for $2 Billion
Johnson & Johnson will acquire cancer-treatment developer
Ambrx Biopharma in a $2 billion cash deal.
Newell Brands to Cut 7% of Office Roles, Reduce Footprint
Newell Brands will slash about 7% of its office roles and pare
down its real-estate footprint in an organizational
realignment.
Merck to Buy Harpoon Therapeutics for $680 Million
Merck has struck a deal to buy clinical-stage immunotherapy
company Harpoon Therapeutics for about $680 million.
3M to scrap pension plans for non-union employees
3M Co. said Monday that it plans to end its pension plan for
non-union U.S. employees in five years.
Shell Flags Impairment Hit of up to $4.5 Billion
Shell said its fourth-quarter earnings took a hit of up to $4.5
billion in impairments that were offset by significantly higher gas
trading, while its overall production volumes are on track to meet
targets.
Spirit AeroSystems Stock Tanks After MAX Issue as Wall Street Defends Boeing
Spirit AeroSystems is the supplier of a part that failed on the
Boeing 737 MAX 9 in midair.
Vulcan Rocket Launches, Kicking Off U.S. Moon Mission
A powerful rocket from United Launch Alliance blasted off
Monday, taking with it a vehicle expected to make the first U.S.
lunar landing in more than half a century.
(END) Dow Jones Newswires
January 08, 2024 11:00 ET (16:00 GMT)
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