Merck Shares Hit After Guidance Falls Short, Gardasil Challenge 
 

The drugmaker's guidance was affected by a pause in shipments of its top-selling vaccine to China from February through at least the middle of the year.

 
Okta to Cut 3% of Workforce to Reallocate Resources Toward Growth Priorities 
 

The digital identity verification provider will recognize $11 million in restructuring charges during the fourth quarter, which will primarily be paid in the first quarter of fiscal 2026.

 
Novartis Sets High Bar in Pursuit of Obesity Deals, CEO Says 
 

The Swiss pharmaceutical company has set a high bar for any potential obesity-treatment acquisition as it scans the market for deals to fill its drug pipeline and power sales growth into the 2030s, CEO Vas Narasimhan said in an interview.

 
PepsiCo Revenue Slips on Volume Drop for Frito-Lay, Quaker 
 

PepsiCo recorded a higher quarterly profit despite a small drop in revenue as volumes in its main North American segments declined.

 
Estée Lauder to Cut Up to 7,000 Jobs 
 

The cosmetics company has been struggling with weak demand, especially in Asia.

 
Fox Plans to Launch New Streaming Service by Year-End 
 

The offering, which will include news and sports content, is the company's biggest foray yet into subscription streaming.

 
Pfizer Stock Rises on Fourth-Quarter Earnings Beat and Reaffirmed Guidance 
 

CEO Albert Bourla says Pfizer has met the strategic goals it had set for itself in 2024, and that it was 'executing transformative changes.'

 
Archer Daniels Midland laying off up to 700 in face of uncertain profit 
 

The company says 2025 guidance reflects "weaker" market view on biofuel and trade-policy turmoil.

 
PayPal posts an earnings beat, but another metric is weighing on its stock 
 

PayPal's stock is down 6%, with an analyst noting that growth in branded-checkout volume seems to have trailed buy-side expectations.

 
Spotify Reports First Full-Year Profit 
 

Price increases and cost discipline helped the audiostreaming giant pivot from heavy spending on growth to sustained profits.

(END) Dow Jones Newswires

February 04, 2025 11:00 ET (16:00 GMT)

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