Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.

Demand for the drugs has proven insatiable. Shortages have left patients already on the medications searching for their next dose and stymied new starters.

A double-digit decline was attributed to the brand’s distribution changes.

Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.

The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.

The outerwear company is set to start selling wetsuits made in part by harvesting materials from old ones.