News Highlights: Top Business News of the Day – Wednesdays at 9:00 PM ET

GSK to Pay Over $2 Billion in Bid to End Most U.S. Zantac Lawsuits

GSK agreed to pay more than $2 billion to settle nearly all remaining liability cases in the U.S. over allegations that its discontinued heartburn drug Zantac causes cancer.

 
McDonald's Is Bringing Chicken to the Big Mac

The variation on the flagship sandwich shows how fast food companies are adding more protein to their menus.

 
TD Bank Faces $3 Billion in Penalties and Growth Restrictions in U.S. Settlement

The expected settlement with regulators and prosecutors concerns allegations that the Canadian bank’s U.S. unit failed to properly monitor money laundering by drug cartels.

 
Delta Earnings Are Coming. Watch Out for a CrowdStrike Update.

The airline is often seen as a benchmark for airlines, so its third-quarter results could have a knock-on effect on rivals United and American.

 
Boeing's stock falls as talks with machinists union hit an impasse

The shares of Boeing Co. fell 2.5% on Wednesday after the company said it had reached an impasse in talks with its machinists’ union to end a strike estimated to cost the company more than $1 billion a month.

 
Home Depot Is Dropping Warehouses in a Shifting Retail Market

The retailer wants to sublease four of the massive distribution centers it added during its rapid pandemic-fueled expansion.

 
Bank of America Is Losing Work Over Block-Trading Probe in Asia

Private equity firm EQT has withdrawn the bank from a mandate for an upcoming initial public offering of a student loan company, according to people familiar with the matter.

 
Palantir nears $100 billion market cap as one of the largest software companies

Palantir joined the S&P 500 last month and the stock ranks third in year-to-date performance among current members.

 
Hain Celestial, Maker of Sleepytime Tea, Aims to Invest More in Its Brands

The tea and snack maker is in the midst of a three-year turnaround that includes improved marketing and innovation while paying down debt.

 
Amazon to Add 20 New U.S. Cities to Same-Day Pharmacy Delivery Business

Amazon.com said it plans to further expand its pharmacy business by more than doubling the number of cities where customers can get their prescriptions delivered same-day.

(END) Dow Jones Newswires

October 9, 2024 9:15 PM ET (01:15 GMT)