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The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union....

PG&E Corp. (PCG) reached an $11 billion settlement with entities representing about 85% of insurance claims related to 2017 and 2018 wildfires. It is the second major settlement of wildfire claims by PG&E, and requires approval by the federal bankruptcy judge overseeing the utility's Chapter 11 case....

The U.S Food and Drug Administration announced that it has learned that heartburn medication ranitidine includes an impurity that could cause cancer. FDA said some ranitidine products commonly known as the brand-name drug Zantac, contain a impurity called N-nitrosodimethylamine (NDMA) at low levels....

addictionrecovery-sept13.jpg Google has launched a new website called 'Recover Together,' a resource intended to help people recover from addiction or substance use disorder. The new service was launched by the search giant in recognition of the National Recovery Month in September. Google noted that more than 23 million Americans are recovering from addiction, while 20 million are still struggling to seek treatment.

warnermedia-sept13.jpg AT&T Inc.'s WarnerMedia struck a deal with filmmaker J.J. Abrams' production company Bad Robot Productions to develop and produce original projects for television, theatrical motion pictures, games and digital platforms. The content collaboration agreement will initially run for a five-year period through 2024. Financial terms of the deal, described as "exclusive", were not disclosed.

Amgen (AMGN) said Friday that the Phase 3 CANDOR study evaluating KYPROLIS in combination with dexamethasone and DARZALEX or KdD compared to KYPROLIS and dexamethasone alone met its primary endpoint of progression-free survival. The regimen resulted in a 37% reduction in the risk of progression or...

gap-sept13.jpg Gap Inc. said it will begin franchising the Athleta and Janie & Jack brands internationally as part of its efforts to grow the businesses outside the U.S. Athleta is the company's athletic apparel brand, and Janie & Jack its children's apparel brand. The move comes as the apparel retailer plans to split itself into two public companies.

The We Company said its Class a common stock has been approved for listing on the Nasdaq Global Select Market, under the symbol, WE. The We Company will be a "controlled company" under the corporate governance rules for Nasdaq-listed companies. Following the completion of the proposed offering, Adam...

Novartis said that the Phase III ASCLEPIOS I and II studies met their primary endpoints in patients with relapsing forms of multiple sclerosis or RMS. The studies met the primary endpoints where ofatumumab showed a highly significant and clinically meaningful reduction in the number of confirmed relapses,...

Eisai Co. Ltd., a global research and development-based pharmaceutical company headquartered in Japan, and Biogen Inc. (BIIB) have decided to discontinue the Phase III clinical studies of BACE inhibitor elenbecestat in patients with early Alzheimer's disease. The Data Safety Monitoring Board recommended...

Carrier Global Corp. has appointed Timothy McLevish as Chief Financial Officer, effective October 1. Carrier will become a public company after completing its separation from United Technologies Corp. (UTX) in the first half of 2020. Dave Gitlin, Carrier's President & CEO, said: "Tim brings world-class...

Weatherford International plc said that the United States Bankruptcy Court for the Southern District of Texas issued an order confirming the company's Second Amended Joint Prepackaged Plan of Reorganization of Weatherford International plc and its Affiliate Debtors under Chapter 11 of the United States...

RIB Software SE (RSTAY.PK), a provider of iTWO 4.0 Cloud Enterprise Platform Technology, has signed a phase-III-contract with SWIETELSKY, headquartered in Linz, Austria. On the basis of the new contract and the business development to date, RIB Software SE has raised its revenue, and operating EBITDA...

Responding to U.S. Department of Health and Human Services' announcement on non-tobacco flavored E-cigarette products, Pyxus International Inc. (PYX) said Friday that Bans and outright restrictions of an adult's use of flavors in e-liquid products are misguided and not based on scientific research. The...

Microsoft Corp. (MSFT) and The Walt Disney Studios (DIS) have entered a five-year partnership to produce and distribute content on the Microsoft Azure cloud platform. By moving many of the production and postproduction workflows to the cloud, Walt Disney Studios can create content more quickly and efficiently....

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