Investors around the globe retreated from stocks and piled into haven assets like government bonds and gold, reflecting escalating worries that the coronavirus will disrupt the global economy. Major U.S. stock indexes all fell by more than 3%.
Juul Labs plans to present to federal regulators a new version of its vaporizer designed to unlock only for users who are at least 21 years old.
HP pledged to buy $15 billion of stock, with at least $8 billion of that in the first year, to tackle a hostile takeover bid from Xerox.
Mallinckrodt is finalizing an at least $1.6 billion opioid settlement proposal that would place its U.S. generics business into bankruptcy.
Boeing nominated two new outside directors with safety and engineering experience amid scrutiny of the board’s oversight of the 737 MAX crisis.
General Electric last year shed roughly 78,000 employees, or more than a quarter of its workforce.
Activist hedge-fund firm Third Point called on British insurer Prudential PLC to separate its U.S. and Asian operations.
Revolut was valued at $5.5 billion after the U.K.-based digital banking and payments upstart raised new funding from venture capitalists.
SoftBank’s Vision Fund has led a $165 million investment in Karius, a startup that uses genomics and AI in blood testing for diseases.