US Business

Sony Group’s shares fell nearly 13% in Tokyo on concerns about tough new competition for its videogame business from the newly announced combination of Microsoft and Activision Blizzard.

After the all-cash deal valued at about $75 billion closes, Activision CEO Bobby Kotick is expected to leave the videogame heavyweight that has been roiled by claims of workplace misconduct.

The $75 billion acquisition will have to navigate a regulatory environment that has become less friendly to deal making, especially in the tech sector.

The drug’s main component worked in three separate laboratory studies, a potentially encouraging sign as the Omicron strain spreads.

The drugmaker said that a network of little-known drug suppliers and distributors sold illicit and potentially dangerous fake versions of its HIV medicines that ended up in pharmacies and in the hands of patients.

With plenty of companies hiring, workers are quitting their jobs in droves and starting their own ventures. “I refuse to accept a position that’s just a position.”

Carriers said in a letter to U.S. officials that current FAA flight-safety measures to accommodate the new wireless service could result in a significant disruption of their flight schedules this week.

The activist investor is renewing a push to get the department-store chain to take action to boost its lagging stock, including altering its board.

The videogame giant’s actions have come in the wake of pressure from investors, business partners and employees to address complaints over its handling of misconduct issues.

The Dove soap maker laid out its biggest strategic shift in years after disclosing a $68 billion approach for GlaxoSmithKline’s consumer-health business.