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Dow Jones Top Company Headlines at 9 AM ET: EBay Rejects GameStop's $56 Billion Takeover Proposal | Under ...
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.
Under Armour Posts Loss on Lower Revenue
Under Armour reported a fiscal fourth-quarter loss as revenue declines in North America offset international sales gains.
JD.com Beats Profit Expectations; Food-Delivery Losses
JD.com returned to profit with better-than-expected results in the first quarter, as the Chinese e-commerce giant made progress in stemming losses in its food-delivery business.
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.
EU’s Von der Leyen Floats Tighter Restrictions for Minors’ Social Media Use
The European Union could present new rules to tighten restrictions on minors’ use of social media platforms this summer.
Nvidia Stock Drops After Report CEO Huang Is Excluded From Trump’s China Trip
Nvidia stock has hit a new high but ambitions of selling chips in China might face a setback.
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.
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.
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.
Bayer Shares Climb After Earnings Beat Expectations
The stock rose as much as 6.9% in European morning trading Tuesday, in a session with broad-based losses across European stocks due to worries about the Middle East conflict.
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.
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.
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.
Rigetti Computing Revenue Triples. There’s More to Why the Quantum Stock Is Climbing.
Rigetti says it is targeting a quantum system with 1,000 physical qubits in the next few years.
(END) Dow Jones Newswires
May 12, 2026 09:15 ET (13:15 GMT)
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