The Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.

SpyGlass Pharma Inc. shares jumped 65% in the biopharmaceutical firm’s trading debut after it raised $150 million in an initial public offering.

The US Justice Department is investigating Netflix Inc.’s tactics as it looks into the streaming company’s agreement to buy Warner Bros. Discovery Inc.’s studios and HBO Max streaming service, the Wall Street Journal reported.

Thrive Freeze Dry’s financial backers, including an affiliate of an Abu Dhabi sovereign wealth fund, seized control of the business through a series of transactions that wrongly sidelined its founders, according to a lawsuit unsealed Friday.

Lenders to bankrupt restaurant operator FAT Brands Inc. want the chief executive officer suspended without pay over a recent stock sale for its Twin Peaks dining chain, deepening a battle for control of the company as it attempts to restructure.

Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund from UBS Group AG, according to people familiar with the matter.