Dow Jones Top Company Headlines at 5 PM ET: Saks Prepares for Bankruptcy After Missing Debt Payment | How ...
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Saks Fifth Avenue's owner is preparing for bankruptcy after missing a debt payment, while Meta's $2.5 billion acquisition could impact U.S. investors. OpenAI's employee compensation averages $1.5 million, and Nvidia seeks creative solutions amid cash flow challenges. Warren Buffett maintained a conservative approach in his final year at Berkshire. Nike's CEO purchased $1 million in stock, and Corcept Therapeutics shares plummeted 50% after an FDA drug rejection. Conversely, Vanda Pharmaceuticals shares surged 30% following drug approval. London saw its best IPO year since 2021, and Hyatt Hotels lowered its earnings guidance due to hurricane damage.
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