Tesla Wins China's Backing for Driver-Assistance Service

Tentative approval for the "Full Self-Driving" software feature follows Elon Musk's unannounced visit to Beijing and a meeting with the Chinese premier. 


 
Philips Settles U.S. Ventilator Claims

Philips has reached a $1 billion settlement in the U.S. related its Respironics ventilators, and backed its full-year guidance. 


 
Hipgnosis Backs Improved Blackstone Offer

Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.6 billion takeover by Blackstone, trumping a rival bid from Apollo-backed music company Concord Chorus. 


 
AIA to Increase Shareholder Returns on Record New Business Value

The 31% increase in the value of the insurer's new business prompted it to increase its payout to shareholders and announce additional share buybacks. 


 
TPG Telecom Agrees to Regional Network Sharing Deal With Optus

TPG Telecom will pay Optus about $653.2 million to use its rival's mobile infrastructure in regional Australia after regulators blocked an earlier plan to share with Telstra. 


 
Large Pension Bets Big on AMD, Walmart, Peloton Stock. It Sold GM.

State of Michigan Retirement System bought more AMD stock, quintupled a Peloton stake, tripled its Walmart stake, and sold GM shares. 


 
Ukraine Aid Lifts Defense Industry as Debate Over Profits Reignites

A long-delayed $95 billion package supports shells, missiles and drones for three countries, boosting defense companies, as scrutiny grows on share buybacks. 


 
How TikTok Lost the War in Washington

Coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app. 


 
California Fast-Food Chains Are Now Serving Sticker Shock

A month after a higher state minimum wage for fast-food workers went into effect, consumers picking up burgers and burritos at chains in the Golden State grapple with prices rising at a faster clip than in other states. 


 
Northrop's Rocket Fuel Factory Is Slow to Take Off

The missile supplier built a factory in Utah to produce a key chemical. So far it has struggled to take off.


(END) Dow Jones Newswires

04-29-24 0315ET