Chinese e-commerce giant JD.com’s second quarter net profit rose 92%, while revenue grew slightly amid fierce competition from Alibaba Group and PDD Holdings.

Alibaba delivered weaker-than-expected profit and revenue in the latest quarter as the e-commerce titan focused on getting growth back on track amid fierce domestic competition, a weakened Chinese economy and changing consumer behaviors.

The country’s largest retailer posted strong sales and higher profits in its latest quarter, and executives said they don’t see signs of fraying demand.

Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a pure-play regulated utility.

Netflix said it has struck a deal to have CBS Sports produce the two National Football League games the streamer is carrying this Christmas.

Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.