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AP Top Business News at 8:33 a.m. EDT

Comcast challenges Murdoch with rival bid for UK-based Sky
LONDON (AP) -- U.S. media giant Comcast offered Wednesday to buy British broadcaster Sky Plc for 22 billion pounds ($30 billion), topping a controversial bid from Rupert Murdoch's 21st Century Fox....

China says it welcomes visit by US officials amid trade spat
BEIJING (AP) -- China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world's two largest economies....

Twitter is profitable again in 1st quarter, grows overseas
SAN FRANCISCO (AP) -- Twitter, driven by strong growth overseas, swung to a profit during the first quarter of the year, its second profitable quarter ever after a strong finish last year....

Cambridge Analytica fights back on data scandal
LONDON (AP) -- Cambridge Analytica unleashed its counterattack against claims that it misused data from millions of Facebook accounts, saying Tuesday it is the victim of misunderstandings and inaccurate reporting that portrays the company as the evil villain in a James Bond movie....

EPA security chief also worked for owner of tabloid company
WASHINGTON (AP) -- The security chief for the head of the Environmental Protection Agency worked on the side as a private investigator for the owner of a tabloid news company with close ties to President Donald Trump....

Global stocks slide, futures point to weak Wall Street open
TOKYO (AP) -- Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the cost of borrowing and companies' raw materials....

Strong travel demand lifts Boeing in first quarter
CHICAGO (AP) -- Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter....

Drugmaker Takeda agrees to buy Shire for $64 billion
LONDON (AP) -- Japanese drugmaker Takeda has reached a tentative agreement to buy Ireland-based Shire for 46 billion pounds ($64 billion) in one of the biggest pharma deals to date....

Juul maker to invest $30M to combat underage vaping
WASHINGTON (AP) -- The maker of a much-debated e-cigarette popular with teenagers says it will spend $30 million in an effort to keep its products out of the hands of children....

EU wants 28-nation bloc to invest $24b in AI by end 2020
BRUSSELS (AP) -- The European Union's executive branch wants the bloc's public and private sectors to invest at least $24 billion in artificial intelligence through 2020 in an attempt to remain globally competitive....

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Insurer Anthem's earnings jump 30 pct as medical costs fall

Strong travel demand lifts Boeing in first quarter

Chinese automaker plans electric car production in SAfrica

China says it welcomes visit by US officials amid trade spat

Global stocks slip following sell-off on Wall Street

Wynn Resorts posts 1Q loss on legal settlement charge

Shire, Whirlpool rise while Caterpillar, 3M slide

How major US stock indexes fared Tuesday

Burger King grows; Tim Hortons to get makeover

Markets Right Now: Big tech, industrials lead stocks lower


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