The country’s auto market is rapidly electrifying, with help from state subsidies, and local electric-vehicle makers have grabbed a significant share of the market.
Category: Business
Eli Lilly to Buy Morphic Holding for $3.2 Billion
Eli Lilly has agreed to buy biopharmaceutical company Morphic Holding for $3.2 billion in a deal that bolsters the drugmaker’s immunology pipeline.
China Allows Robotaxis Without Operators in Shanghai
China has added Shanghai to a list of cities allowing the use of driverless robotaxis in which no safety supervisors are present, part of efforts […]
Carlsberg to Buy Britvic for $4.2 Billion
The Danish brewer agreed to buy London-listed soft drinks maker Britvic as part of a plan to expand in the non-alcoholic beverage market and reduce […]
Thousands of Samsung Workers Walk out for Three-Day Strike
Samsung said there were no immediate disruptions to production.
KKR Considers Reviving Multibillion-Dollar Sale of Goodpack
KKR & Co. is looking to revive the process to sell Goodpack, a Singapore-based global supply chain and logistics company, in a potentially multibillion-dollar deal.
Boeing Agrees to Plead Guilty in 737 MAX Criminal Case
The plane maker faces conviction and a $244 million fine for misleading air-safety regulators before two fatal crashes that killed 346 people.
Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated
Questionable diagnoses of HIV and other maladies triggered extra Medicare Advantage payments. “It’s anatomically impossible,” said one doctor about some cataract diagnoses.
Paramount Global Agrees to Skydance Deal
David Ellison’s production company would buy Shari Redstone’s National Amusements, Paramount’s controlling shareholder, as part of the deal.