News Highlights: Top Company News of the Day
October 22 2019 - 5:30AM
Dow Jones News
Novartis Lauds Launch of World's Most Expensive Drug
Novartis reported a strong launch for its new gene therapy
Zolgensma-the world's most expensive drug-overcoming concerns about
whether insurers would cover the treatment.
Trade Tensions Weigh on UBS's Investment Bank
UBS's third-quarter net profit slipped as its investment bank
underperformed as trade conflicts and geopolitical tensions weighed
on investor confidence.
Prosus Launches GBP4.9 Billion Bid for Just Eat
Prosus has offered to buy online food-delivery service Just Eat
in a deal valuing the U.K. company at 4.9 billion pounds and
challenging its agreed merger with Takeaway.com
Hoping to Find Gold, Rio Tinto Strikes Lithium Instead
Rio Tinto thinks it can become the biggest producer of lithium
in the U.S. by processing piles of waste rock containing stores of
the mineral that powers the world's electric-vehicle fleet.
Facebook Doesn't Want to Censor Political Ads Over Accuracy, Executive Says
Facebook doesn't want to censor paid content from politicians
based on accuracy but it would draw the line at political ads if
they encourage violence, Chief Technology Officer Mike Schroepfer
said Monday.
Shari Redstone Says ViacomCBS Has Enough Scale to Compete
Shari Redstone said the combination of Viacom and CBS, the
companies that make up her family's media empire, will create a
content giant that can compete with larger industry rivals.
European Air Regulators Break From FAA on 737 MAX Timeline
European air-safety regulators have officially shelved the idea
of lifting the grounding of Boeing's 737 MAX jets simultaneously
with the U.S., a setback to American regulators' desire for a
coordinated global response.
WeWork's Board to Evaluate Emergency Bailout Plans
The board is set to meet to weigh emergency-financing options
including a takeover by SoftBank that would slash the co-working
company's valuation to about $8 billion.
State Attorneys General, Antitrust Experts Mull Legal Grounds for Building Facebook Case
State attorneys general, federal investigators and public policy
and antitrust experts met in New York to discuss legal strategies
that might be used in bringing a case against Facebook.
Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny
A former insurance subsidiary of Warren Buffett's Berkshire
Hathaway sparred with the California Department of Insurance about
whether its recent sale violated state insurance regulations.
(END) Dow Jones Newswires
October 22, 2019 05:15 ET (09:15 GMT)
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