Federal Officials Trade Stock in Companies Their Agencies Oversee as GM Looks to Parlay Battery Work Into New Energy Business

The Wall Street Journal

The Wall Street Journal

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Today's News

In today's news, we see federal officials trading stock in companies their agencies oversee, GM looking to expand its battery work into a new energy business, XPO Logistics appointing a CFO, Merck's patent cliff looking less frightening, Cameco and Brookfield Renewable Partners buying Westinghouse Electric Co., how status drives cultural change, the Bank of England further expanding its bond-market rescue, Peloton Co-Founder John Foley facing repeated margin calls from Goldman Sachs as stock slumped, there's a new menace stalking suburbia called the McBasement, and AstraZeneca looking to cancer and RSV drugs for growth as Covid-vaccine demand wanes.

Outline

  • Federal Officials Trade Stock in Companies Their Agencies Oversee: The stock trading by federal officials of companies they oversee raises potential conflict of interest concerns.
  • GM Looks to Parlay Battery Work Into New Energy Business: GM is looking to transition its battery work into a new energy business.
  • XPO Logistics Appoints CFO, Assembles Board: XPO logistics has appointed a new CFO and assembled a board.
  • Merck’s Patent Cliff Doesn’t Look So Frightening Anymore: Merck's patent cliff doesn't look so frightening anymore.
  • Cameco, Brookfield Renewable Partners to Buy Westinghouse Electric Co. for $7.88 Billion: Cameco and Brookfield Renewable Partners are buying Westinghouse Electric Co. for $7.88 billion.
  • How Status Drives Cultural Change: How social status can drive cultural change.
  • Bank of England Further Expands Bond-Market Rescue: The Bank of England is expanding its bond-market rescue program.
  • Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped: Peloton co-founder John Foley faced repeated margin calls from Goldman Sachs as the stock slumped.
  • There's New Menace Stalking Suburbia. Meet the McBasement...: The McBasement is a new menace stalking suburbia.
  • AstraZeneca Looks to Cancer, RSV Drugs for Growth as Covid-Vaccine Demand Wanes: AstraZeneca is looking to cancer and RSV drugs for growth as Covid-vaccine demand wanes.