News Highlights: Top Company News of the Day - Monday at 3 PM ET

Eli Lilly to Buy Morphic Holding for $3.2 Billion 
 

Eli Lilly has agreed to buy biopharmaceutical company Morphic Holding for $3.2 billion in a deal that bolsters the drugmaker's immunology pipeline.

 
Boeing Agrees to Plead Guilty in 737 MAX Criminal Case 
 

The plane maker faces conviction and a $244 million fine for misleading air-safety regulators before two fatal crashes that killed 346 people.

 
Corning's stock soars 8.7% after company raises Q2 guidance to reflect AI bump 
 

The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024.

 
Devon Energy Nabs Williston Basin Driller in $5 Billion Deal 
 

Devon Energy agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.

 
Southwest's Battle Is Heating Up. Activist Cites 'Overwhelmingly Supportive Feedback.' 
 

Elliott Investment Management is pushing the airline to change its leadership, saying a shift is needed to allow the carrier to regain its leading position in the industry.

 
Exxon Slips on Chance of Weak Earnings 
 

The company released a few details about its coming quarterly report in a government filing.

 
EV maker Lucid's stock leaps after deliveries jump 70% in Q2 
 

Lucid's stock rallied Monday, after the electric-vehicle maker reported a big jump in deliveries in the second quarter.

 
Paramount Global, Skydance Agree to Merger 
 

David Ellison's production company would buy Shari Redstone's National Amusements, Paramount's controlling shareholder, as part of the deal.

 
Vanguard's Die-Hard Customers Have a Message for New CEO: 'The Service Is Abysmal' 
 

Salim Ramji takes the helm Monday, and many clients are hoping he will fix customer service.

 
Delivery Hero's stock drops after warning of possible hefty EU antitrust fine 
 

The German company said the penalty "for alleged anti-competitive" violations could could ultimately exceed EUR400 million ($433 million),

(END) Dow Jones Newswires

July 08, 2024 15:15 ET (19:15 GMT)

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