News Highlights: Top Company News of the Day
May 26 2020 - 9:15AM
Dow Jones News
Aston Martin Replaces CEO With Daimler Executive in Bid for Survival
The British sports-car company made famous by James Bond ousted
its chief executive in a fresh bid to resuscitate a storied brand
that has been on life support.
Merck Does Deals to Develop Coronavirus Vaccines, Drug
Drugmaker Merck said it is buying a privately held Austrian
company to obtain one vaccine while joining with other groups on a
second vaccine and an antiviral.
Kimmeridge Energy Raises $109 Million for New Stock Fund
Kimmeridge Energy Management has raised more than $109 million
so far for a new fund focused on investing in public energy
securities, a filing shows.
Hertz Was Already in Terrible Shape. The Pandemic Finished It Off.
The coronavirus has been the proverbial tide going out, exposing
who's swimming naked: Troubled companies and business models are
being undone, and the rental-car giant is a prime example.
Novavax Coronavirus Vaccine Begins Human Testing
Novavax's experimental coronavirus vaccine becomes one of at
least 10 now being tested in people globally for Covid-19.
Premier Takes Stake in Mask Maker Prestige Ameritech
Hospital-supply buyer Premier struck a multiyear deal with mask
maker Prestige Ameritech, an early effort to reverse decades of
outsourcing of medical-equipment production.
Germany, Lufthansa Agree on $9.8 Billion Bailout
The German government and Deutsche Lufthansa said they have
agreed on a $9.81 billion bailout deal-one of the biggest aid
packages by a single country hatched so far in the pandemic-hit air
travel sector.
German Court Orders VW to Compensate Customers Over Emissions Scandal
Germany's highest civil court ruled against Volkswagen in the
first case brought by customers seeking damages in connection with
the car maker's emissions-cheating scandal, a landmark ruling that
could herald further litigation against Volkswagen and some
competitors.
Indicative Price Gives JDE Peet's IPO EUR16B Valuation
Coffee and tea group JDE Peet's set a price range of
EUR30-EUR32.25, implying a market value of up to EUR16 billion for
its planned IPO on Euronext Amsterdam.
A $100 Billion Meituan Should Make Investors Queasy
China's largest food-delivery company is up 36% this year.
Investors may want to enjoy their takeout rather than buying
further in.
(END) Dow Jones Newswires
May 26, 2020 09:00 ET (13:00 GMT)
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