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.

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

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

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

The loss includes a $9.1 billion impairment charge tied to the plunging value of its linear networks.