Dow Jones Top Company Headlines at 3 AM ET: Novartis to Buy Biotech Excellergy for Up to $2 Billion | China's ...
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Novartis is set to acquire Excellergy for up to $2 billion to enhance its immunology portfolio. Meanwhile, China's Moonshot AI is exploring a corporate restructuring for a potential IPO in Hong Kong. Pernod Ricard is in talks to merge with Brown-Forman, while Stellantis has halted Jeep Cherokee production due to a supplier dispute. Anthropic has won a court injunction against the Trump administration regarding military AI use. Aetherflux, a startup led by Robinhood's co-founder, is raising funds at a $2 billion valuation. Netflix has raised its prices, indicating a trend of increasing streaming costs.
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