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

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.

 
Old Drug Repurposed for Schizophrenia Could Reap Alzheimer's Windfall 
 

Bristol-Myers' newly approved schizophrenia treatment might be coming full circle.

 
Shell Expects Higher LNG Output But Flags Continued Refining Weakness 
 

Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter's, potentially offsetting continued refining margin weakness.

 
Richemont to Sell e-Commerce Business YNAP to Mytheresa 
 

Cartier owner Richemont has agreed to sell its e-commerce business Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.

 
Chinese Semiconductor Stocks Extend Rally on China's Stimulus Measures 
 

Investor sentiment has been boosted by Beijing's recent package of stimulus measures across multiple policy fronts.

 
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural 
 

Chevron's Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.

 
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.

 
Microsoft's AI Story Is Getting Complicated 
 

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

 
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.

 
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.

(END) Dow Jones Newswires

October 07, 2024 07:15 ET (11:15 GMT)

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