News Highlights: Top Company News of the Day - Friday at 5 PM ET

Cassava Sciences Adviser Indicted on Fraud Charges 
 

Hoau-Yan Wang was indicted on charges related to his obtaining federal research grants.

 
Rivian's Long, Narrow Road to Profit 
 

The electric truck maker's stock has caught a break thanks to Volkswagen's backing, but the arduous task of cutting costs has barely begun.

 
Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei. 
 

The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.

 
Nike's Slow Recovery Is Testing Investors' Patience 
 

Nike's pullback from popular shoe lines is hurting its sales, and its new line of products likely won't make a big difference until next year.

 
DJT Stock Falls After Debate With Biden 
 

The volatile stock-up more than a third in five days-tends to trade in step with sentiment for Donald Trump.

 
TPG Launches Talent Company; Buys Boat Rocker's Untitled Stake 
 

Private-equity firm TPG is launching a new talent management and representation company, with an initial investment in Hollywood talent manager Untitled Entertainment.

 
European Banks' Bid to Close Gap With Wall Street Temporarily Stumbles Into Politics 
 

European banks' efforts to narrow the once-significant valuation gap with their American peers have faced what many analysts expect will prove to be a temporary setback.

 
Startup Silicon Box to Build $3.4 Billion Chip Plant in Italy 
 

Singaporean startup Silicon Box is planning a new chip-making facility in Italy, the latest big-ticket investment in Europe as Brussels seeks to become more self-sufficient in chip production.

 
Shopping for a Car This Weekend? Be Patient-and Bring a Pen 
 

Software firm CDK is bringing some stores back online following a cyberattack, but the problems could linger into next week.

 
Tractor Supply Retreats From DEI Amid Conservative Backlash 
 

Tractor Supply said it is withdrawing its carbon-emissions goals and eliminating diversity, equity and inclusion positions within the company to represent the values of the communities and customers it serves.

(END) Dow Jones Newswires

June 28, 2024 17:15 ET (21:15 GMT)

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