financetom
Business
financetom
/
Business
/
PRESS DIGEST- Wall Street Journal - May 28
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Wall Street Journal - May 28
May 28, 2024 2:23 AM

May 28 (Reuters) - The following are the top stories in

the Wall Street Journal. Reuters has not verified these stories

and does not vouch for their accuracy.

- Swedish specialty pharmaceutical company Calliditas

Therapeutics received a $1.1 billion takeover bid

from Japan's Asahi Kasei ( AHKSF ).

- ABN AMRO Bank has agreed to acquire Hauck

Aufhauser Lampe, a private bank in Germany for 672 million euros

($730.33 million) from Chinese conglomerate Fosun International ( FOSUF )

.

- Elon Musk's xAI said it raised $6 billion in its latest

fundraising round, as the OpenAI rival looks to invest more in

research and development amid fierce competition in the

burgeoning sector.

- The Japanese automaker Toyota Motor ( TM ) plans to

develop new engines that run on carbon-neutral fuels and are fit

for electrification as part of efforts by the world's largest

carmaker to cut carbon emissions and save jobs at engine-part

suppliers.

($1 = 0.9201 euros)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Enovix (ENVX) Stock Is Surging Wednesday: What's Driving The Action?
Enovix (ENVX) Stock Is Surging Wednesday: What's Driving The Action?
Jul 2, 2025
Enovix Corp ( ENVX ) shares are trading higher Wednesday morning. The company earlier revealed that its Board of Directors has given the green light for a share repurchase program. The company is now authorized to buy back up to $60 million of its outstanding common stock. What To Know: Enovix ( ENVX ) says this strategic move is intended...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Market Chatter: Lands' End Receives Takeover Bids From WHP Global, Authentic Brands Global
Market Chatter: Lands' End Receives Takeover Bids From WHP Global, Authentic Brands Global
Jul 2, 2025
11:34 AM EDT, 07/02/2025 (MT Newswires) -- Lands' End ( LE ) has received takeover bids from WHP Global and Authentic Brands Global, Reuters reported Wednesday, citing people familiar with the matter. No further details were disclosed. Lands' End ( LE ) said in March that it was exploring strategic options, including a sale or merger. According to Reuters, the...
Factbox-Major aspects of Trump's tax and spending megabill
Factbox-Major aspects of Trump's tax and spending megabill
Jul 2, 2025
WASHINGTON (Reuters) -The Republican-controlled Congress could soon give final approval to a sweeping tax and spending bill that incorporates many of President Donald Trump's top domestic priorities. Here is a summary of the major elements of the legislation, which Trump hopes to sign into law by the July 4 Independence Day holiday: TAXES * Makes permanent the lower individual and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved