Texas Instruments CEO resigns, Ericsson soars, Novartis delays price hikes

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Starting with Texas Instruments (TXN). The chipmaker ousted CEO Brian Crutcher for personal behavior that violated its code of conduct. He’d been in the job for less than two months. No details yet on the nature of the violation. His predecessor, Rich Templeton, will step in as CEO indefinitely.

Ericsson (ERIC) dialed up an unexpected profit last quarter. The telecom equipment maker beat expectations, boosted by growing sales in North America. The company says that’s in part thanks to preparations for 5G. Ericsson says it has more confidence of meeting longer-term targets, despite growing competition from China.

Novartis (NVS) is holding off on raising prices in the U.S.. The CEO says it wants “reasonable” and “defensible” prices for its medications that reflect the value for patients. It comes after Pfizer last week agreed to roll back the cost for some drugs after President Donald Trump criticized the drug maker’s prices.

Add Marriott (MAR) to the list of big names eliminating plastic straws. The world’s largest hotel company says it will remove the straws and plastic drink stirrers from its 6,500 properties worldwide by next June. Marriott says that will give them time to use up existing supplies and pick appropriate alternatives.

Uber is accelerating into Mexico. The company says it has invested 500 million dollars into the country since 2013. With Uber dealing with regulatory issues in Europe and Asia, Latin America represents a major opportunity for the ride-hailing company.