News Highlights: Top Company News of the Day - Tuesday at 11 AM ET

Philip Morris to Take $220 Million Loss on Sale of Inhaled-Medicine Unit 
 

Philip Morris said it expects to record a loss on the sale of its inhaled-therapeutics unit to Molex Asia Holdings as it retools its pharmaceutical business.

 
Instagram Is Restricting Teen Accounts-and Blocking Sneaky Workarounds 
 

The head of the social-media app said tightening the guardrails for teens will hurt the business but help it regain parent trust.

 
Cigna Demands FTC Retraction in Escalating Drug-Price Fight 
 

The FTC report said the companies responsible for controlling spending on drugs were sometimes steering patients toward more expensive medicines.

 
Nucor Warns of Big 3Q Profit Decline As Steel Prices Fall 
 

Nucor warned of a big year-over-year earnings decline in the current quarter after steel prices fell and the company incurred a hefty impairment charge.

 
Kroger Antitrust Case Could Open Up New Bag of M&A Possibilities 
 

A victory for the Federal Trade Commission, set to conclude Tuesday, could pave the way for an Amazon buying spree.

 
Carlyle Targets Home-Equity Deals With Stake in Unison 
 

The deal further expands Carlyle's push into asset-based finance.

 
The Battle Brewing Over Blood Tests for Cancer 
 

Positive results of a colon cancer study conducted by Exact Sciences prompt the CEO of competitor Guardant Health to publicly challenge his rival to a bet.

 
Meta Bans Russia's RT From Facebook, Instagram for 'Foreign Interference' 
 

The ban follows U.S. sanctions against the media outlet for alleged attempts to interfere in foreign elections.

 
Salesforce Needs to Sell Its Latest AI Vision 
 

The cloud pioneer hopes AI agents make a splash at its Dreamforce conference and rejuvenate growth prospects.

 
Boeing Has Too Much Debt. Here's How Much Stock It Might Have to Issue. 
 

No matter how long the current labor strike lasts at Boeing, investors are looking at an equity capital raise to address the airplane maker's ailing balance sheet.

(END) Dow Jones Newswires

September 17, 2024 11:15 ET (15:15 GMT)

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