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Moderna $MRNA Moderna announced that it will strategically focus on securing up to 10 new product approvals over the next three years, a plan that includes increasing sales of its existing vaccines and reducing annual research and development spending by $1.1 billion by 2027.

Disney $DIS Walt Disney Co and sports streaming provider FuboTV are nearing a deal to combine their online TV businesses, Bloomberg News reported on Monday, citing people familiar with the matter. Disney will merge its Hulu + Live TV business into FuboTV, creating a new business that will be 70% owned by Disney and the rest by FuboTV, the report said.

United States Steel Corporation $X United States Steel Corporation and Japan's Nippon Steel Corp have filed a lawsuit challenging President Joe Biden's decision to block their proposed acquisition, saying the move violates constitutional guarantees of due process.