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

Mark Zuckerberg's AI Vision Makes Metaverse a Slightly Easier Sell 
 

Meta's latest AI tools and headsets could prove to be an edge in consumer adoption and keep investors on board with massive spending.

 
Pfizer to Withdraw Sickle-Cell Drug Oxbryta From Global Markets 
 

The healthcare company said clinical data indicates the overall benefit of Oxbryta no longer outweighs the risk in the approved patient population.

 
Commerzbank Confirms Independent Strategy Ahead of Talks With UniCredit 
 

The German lender said it planned to improve its profitability and boost shareholder returns in the coming years as it confirmed its independent strategy while grappling with a possible takeover attempt by Italy's UniCredit.

 
Diageo Backs Targets; Warns of Continued Challenges 
 

The spirits maker confirmed its outlook for the near and medium term, but cautioned that a tough consumer backdrop means both the beverage industry and the company continue to face challenges.

 
BASF Open to Noncore Asset Disposals 
 

The chemicals giant cut its annual dividend and opened the door to selling noncore assets, including a potential listing of its agricultural-chemicals business.

 
H&M to Miss Margin Target as Higher Costs Hurt Earnings 
 

H&M won't hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September.

 
Korea Zinc Gets Sweetened Takeover Offer 
 

A consortium led by South Korean private-equity firm MBK Partners has raised its offer for Korea Zinc, sending shares of the world's largest refined zinc producer to fresh highs.

 
Casino Operator Star Reports Annual Loss Amid Liquidity, Regulatory Squeezes 
 

Star Entertainment reported a massive annual loss in its delayed results as the embattled Australian casino owner moves to shore up its balance sheet and keep hold of its license to operate in Sydney.

 
OpenAI to Become For-Profit Company 
 

The planned restructuring comes amid personnel upheaval including resignation of chief technology officer.

 
Can This European CEO Revive the American Maker of Jeeps and Rams? 
 

Carlos Tavares is facing pressure to revive drooping sales at Stellantis amid angst from dealers, workers and investors.

(END) Dow Jones Newswires

September 26, 2024 07:15 ET (11:15 GMT)

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