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)

Copyright © 2026 Dow Jones & Company, Inc.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin