News Highlights: Top Company News of the Day - Tuesday at 7 AM ET

Dow Jones
21 Jan
 
Bain Capital in Talks to Buy Mitsubishi Tanabe Pharma 
 

Bain Capital is in talks to acquire Mitsubishi Chemical Group's pharmaceutical business in a potential multibillion-dollar deal, a person familiar with the matter said.

 
Jeep Maker Stellantis Brings Back American Classics After CEO Exit 
 

The automaker is moving to revive the Dodge and Chrysler labels after sales plummeted in 2024, leading to the departure of Carlos Tavares.

 
Trump to End EV 'Mandate.' What That Means for Tesla Stock. 
 

Investors can be sure this president won't be as electric vehicle-friendly as his predecessor.

 
Apple's Smartphone Sales Slump in China as Huawei Gains Market Share 
 

The U.S. tech giant's fourth-quarter iPhone sales fell 18% in the world's largest smartphone market.

 
Netflix Reports Earnings Today. 'Less Competition' Could Help. 
 

A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.

 
Orsted Shares Plunge on $1.7 Billion Impairment 
 

Shares in the renewable-energy company sank to the bottom of the Stoxx Europe 600 index Tuesday after it announced the impairment amid higher costs at its U.S. Sunrise Wind project.

 
Generali and Natixis Ink Asset-Management Joint Venture 
 

Generali and the owner of France's Natixis Investment Managers agreed to jointly create a European asset manager overlooking nearly $2 trillion.

 
BHP's Copper, Iron Ore Output Rose in Second Quarter 
 

The mining giant posted a sharp rise in second-quarter copper production thanks to a jump in output at Escondida, the world's largest copper mine.

 
Country Garden Shares Rise After Monthslong Suspension 
 

Shares in the company, once one of China's largest developers, rose on the resumption of trade after it pledged to reach a debt-restructuring deal with creditors.

 
Olam Set to Announce Sale of Agribusiness Unit to Saudi Arabia Firm, Sources Say 
 

Singapore-based Olam Group is close to announcing a deal to sell the remainder of its stake in its agricultural products business to the state-owned Saudi Agricultural and Livestock Investment Company, people familiar with the situation said.

 
 

(END) Dow Jones Newswires

January 21, 2025 07:00 ET (12:00 GMT)

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