ORGANIZATION

GM prioritizes faster EV launches ahead of fatter profits

General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.

AT&T sets WarnerMedia spinoff plan and lowers its dividend

AT&T Inc. said it would roughly halve its dividend payout and divest itself of its WarnerMedia division through a spinoff that would give shareholders 0.24 share for each AT&T share they own, a move that would complete its retreat from the entertainment business.