News Highlights: Top Company News of the Day
July 06 2020 - 1:30PM
Dow Jones News
Regeneron Advances Covid-19 Drug Into Later-Stage Testing
Regeneron is starting later-stage studies of its experimental
Covid-19 drug, a quick move into testing that could establish
whether the drug can be used for treatment and prevention.
Second Wirecard Executive Arrested and Questioned by Prosecutors
The head of Dubai-based Cardsystems Middle East is to be
detained because he is considered a flight risk.
Facebook Suspends Review of User-Data Requests by Hong Kong Authorities
Facebook and its WhatsApp messaging service have suspended
processing requests for user data from Hong Kong law-enforcement
agencies following China's imposition of a national-security law on
the city.
Uber to Buy Postmates for $2.65 Billion in Stock
The deal combines Uber Eats and Postmates and is the latest in a
flurry of consolidation moves in the food-delivery sector.
Dakota Access Pipeline Must Shut Down, Judge Rules
A federal judge ordered the Dakota Access pipeline to shut down
by next month because it was improperly granted a key environmental
permit, a major setback for operator Energy Transfer LP and the
American shale drilling industry.
Elliott Pushes Crown Castle To Bolster Fiber Business
The hedge fund run by Paul Singer said in a letter to the owner
of wireless towers and fiber infrastructure that the latter
business hasn't paid off for investors.
Lloyds CEO Who Oversaw Postcrisis Overhaul to Step Down
Lloyds Chief Executive António Horta-Osório will step down next
year after a decade at the British lender during which he oversaw a
massive overhaul and returned the bank to private ownership after a
$25 billion crisis-era bailout.
Apollo Launches Platform to Make Big Loans
Apollo Global Management is launching a big new credit operation
as the buyout giant dives deeper into the rapidly expanding pool of
direct lending.
Covid-19 Derails China's Push to Be Biggest Movie Market
This was supposed to be the year China's theatrical box office
became No. 1 in the world. Instead it is setting a different
record: the world's longest closure of movie theaters.
At Etsy, Come for the Face Masks, Stay for the Growth Potential
The e-commerce site, which sells everything from gemstones to
garden gnomes, has morphed into the ultimate pandemic play.
(END) Dow Jones Newswires
July 06, 2020 13:15 ET (17:15 GMT)
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