Lenovo's Profit More Than Doubled on Higher Computer Sales

The world's largest PC maker said quarterly profit more than doubled, though it noted that demand weakened from the preceding quarter. 


 
Nvidia's Sales Triple, Signaling AI Boom's Staying Power

CEO Jensen Huang declared the beginning of a new industrial revolution where Nvidia was helping turn $1 trillion of data centers into "AI factories," as its already meteoric stock topped $1,000 in after-hours trading. 


 
Justice Department to Sue Live Nation, Seek Breakup of Concert and Ticketing Giant

An antitrust lawsuit, expected Thursday, will allege the company illegally suppressed competition. 


 
DuPont to Break Into Three Smaller Companies

The separations are expected to be completed within 18 to 24 months. 


 
Rio Tinto Faces Class Action Over Bougainville Mine Impact

A class action against Rio Tinto has been filed in a Papua New Guinea court in relation to a long-shuttered copper mine that it offloaded in 2016. 


 
American Funds Parent Launching Partnership With KKR to Move Into Private Assets

Capital Group and KKR will launch two hybrid funds next year that will invest in public and private markets. 


 
Moderna and Pfizer In Talks With U.S. To Make a Bird Flu Vaccine

Last year, Moderna began early-stage tests of a number of avian flu vaccines that target different strains of the virus. 


 
OpenAI, WSJ Owner News Corp Strike Content Deal Valued at Over $250 Million

The content-licensing pact aims to cash in on a technology that promises to have a profound impact on the news-publishing industry. 


 
Singapore Airlines Flight Puts Focus on Rising Turbulence Danger

Authorities say they are investigating accident that injured more than 100 and led to one death. 


 
Justice Department Opts Not to Charge Merck KGaA Subsidiary Over Export Controls Scheme

Two men, including a former employee of the German company's subsidiary, MilliporeSigma, pleaded guilty for their role in a scheme to divert sensitive biochemicals to China.


(END) Dow Jones Newswires

05-23-24 0315ET