InterContinental Hotels said it expected to return up to $1 billion to shareholders after it posted above-forecast earnings last year with revenue per available room up 7.6% in the fourth quarter.

The purchase grants retailer access to data and more space to sell ads as it eyes growth beyond selling goods.

The Biden administration is pledging $1.5 billion in grants to GlobalFoundries in the first major award to revitalize the domestic semiconductor industry.

Forvia shares rose after it said it would save about €500 a year from 2028 through job cuts as the company adapts to EU electric-vehicle policies.

Currys stock rose 33% in opening trading, with the U.K. electronics retailer at the center of a possible takeover battle between China’s JD.com and Elliott Advisors.

Zyn draws debate among lawmakers and public-health experts.