Apple Appeals U.S. Ban That Halted Watch Sales

A federal trade agency's ruling forced the iPhone maker to stop selling its two most popular watch models. 


 
Online Retailer Zulily Liquidating in California State Proceedings

The private equity-backed seller of clothing, footwear and home goods is shutting down due to a "challenging business environment." 


 
Bristol-Myers Squibb to Buy RayzeBio for $4.1 Billion

The deal demonstrates renewed interest in radiopharmaceutical drugs to treat cancer 


 
SEC Penalizes Private-Equity Firm OEP $4 Million Over Deal-Info Disclosures

Employees of OEP Capital Advisors sent investors private details about potential deals and other confidential information, violating the private-equity firm's policies, U.S. regulators said. 


 
Shoppers Kept Spending This Holiday Season

U.S. retail sales in stores and online rose 3.1% from Nov. 1 through Dec. 24. 


 
AstraZeneca to Buy Gracell Biotechnologies

AstraZeneca has agreed to buy Gracell Biotechnologies for a transaction value of $1.2 billion, as part of the former's efforts to grow its cell therapies business. 


 
Israel Finance Minister Calls Intel's $25 Billion Investment 'Important and Significant'

Intel's choice 'to approve the unprecedented investment of $25 billion and to establish its new factory right here, in Israel, is important and significant,' says the country's finance minister. 


 
How Food Stocks Spoiled in 2023

Companies making packaged food were among the most notable U.S. stock underperformers of the year, and the causes were many. Next year might look better. 


 
Chinese Gaming Stocks Rebound After Regulators Soften Stance

Chinese gaming stocks listed in Shanghai and Shenzhen rebounded after regulators softened their stance on the latest proposal to further tighten controls on online games. 


 
Verano Executive Bullish on the Future of the U.S. Cannabis Industry

A potential decision to reclassify cannabis as a less restrictive drug and pending banking legislation could have a lasting impact on the sector, says company executive Darren Weiss.


(END) Dow Jones Newswires

12-26-23 1915ET