US Business

Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details.

Volkswagen delivered fewer cars in the third quarter as the automaker navigates an increasingly challenging market hit by a price war in China and high domestic production costs.

Stellantis shares slipped following the troubled automaker’s announcement of a sweeping management reshuffle just days after it slashed full-year earnings guidance.

The French drugmaker said the negotiations are for a potential sale of a 50% controlling stake in Opella.

ArcelorMittal said it would take on Nippon Steel’s 50% stake in the joint venture if the Japanese steelmaker managed to acquire U.S. Steel.

The electric-car maker also unveiled a second vehicle, a Robovan, designed to shuttle up to 20 people at a time.

The automaker’s CFO and North America chief are stepping down amid its U.S. troubles.

The naming of Tom Peddie as Nike’s general manager of North America comes days ahead of incoming Chief Executive Elliott Hill’s first day on the job.

The payment is to resolve allegations that the generic drug manufacturer submitted false claims and violated a federal law that prohibits the payment of kickbacks to generate federal healthcare business or induce patient referrals.

Starboard said a former CEO and CFO had assisted in its activist campaign but then were pressured to express support for the drugmaker.