 | | | | Facebook owner Meta Platforms Inc shares plunged 20% late on Wednesday as the social media company missed on Wall Street earnings estimates and posted a weaker-than-expected forecast. | | | | | | Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4 billion offer to resolve sprawling opioid litigation after negotiating with states that had objected to terms of the OxyContin maker's bankruptcy reorganization, according to a court filing. | | | | | | MetLife Inc's fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of its business. | | | | | | Qualcomm Inc on Wednesday forecast second-quarter revenue above Wall Street estimates amid soaring demand for its chips used in devices from phones to internet-run gadgets on the back of an uptick in 5G and cloud adoption. | | | | | | Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, sending its shares down 18% in late trading. | | | | | | U.S. labor unions and a consumer safety advocate on Wednesday urged the Biden administration to add more safeguards to ensure autonomous vehicles are safe before being deployed in wide numbers on U.S. roads. | | | | | | The White House and Environmental Protection Agency on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new multi-billion-dollar fleet of primarily gasoline-powered delivery vehicles, according to letters seen by Reuters. | | | | | | Bank of Canada Governor Tiff Macklem said on Wednesday there was uncertainty about how quickly inflation would come back down due to the unique nature of the COVID-19 pandemic, which has helped drive up prices. | | | | | | Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. | | | | | | Alphabet Inc's 20-for-1 stock split puts it on course to follow other major companies that have executed similar moves in recent years. | | | | | |
