News Highlights: Top Company News of the Day - Sunday at 11 PM ET

Activist Starboard Value Takes $1 Billion Stake in Pfizer 
 

The drugmaker's shares have slumped as demand for Covid-19 vaccines and treatments has slowed.

 
Rio Tinto in Talks to Acquire Arcadium Lithium 
 

Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.

 
U.S. Wiretap Systems Targeted in China-Linked Hack 
 

AT&T and Verizon are among the broadband providers breached in the "Salt Typhoon" hack, potentially accessing information from systems the federal government uses for court-authorized network wiretapping requests.

 
Microsoft's AI Story Is Getting Complicated 
 

Blowout capital spending, financial reporting changes and the relationship with OpenAI are making investors think twice.

 
Why Tesla's Wall Street Valuations Are All Over the Place 
 

The company makes electric vehicles, has an energy storage business, and invests in artificial intelligence. That makes figuring out what its stock is worth difficult.

 
Google's Grip on Search Slips as TikTok and AI Startup Mount Challenge 
 

As new offerings for advertisers arrive, Google's share of the U.S. search ad market is projected by one research firm to drop below 50% next year.

 
Star TV Anchors Are On Notice: You're Not Getting a Raise 
 

Rampant cost-cutting across a media industry struggling to transition to the streaming era is finally coming for the sacred cows.

 
Micron Technology CEO Sanjay Mehrotra to Sell Up to $20 Million of Stock 
 

The Mehrotra Family Trust adopted a trading plan to sell as many as 200,000 shares of chip maker Micron.

 
GM Halts Production at Factories Due to Hurricane Helene 
 

The full extent of the hurricane's financial impact is still being calculated.

 
Jeep Parent Stellantis Taking 'Drastic Measures' to Conserve Cash 
 

The company's finance chief revives "doghouse" requirements at global automaker to curb spending and reverse falling profit.

(END) Dow Jones Newswires

October 06, 2024 23:15 ET (03:15 GMT)

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