News Highlights: Top Company News of the Day
August 14 2020 - 5:30PM
Dow Jones News
McKesson Tapped to Distribute Coronavirus Vaccines in U.S.
One of the world's largest drug wholesalers and the biggest
vaccine middleman in the U.S. will be a main distributor of
Covid-19 vaccines nationwide should the shots prove to work safely,
federal health officials said.
German Market Watchdog Let Staff Trade in Wirecard Shares
Germany's stock-market regulator allowed its staff to trade
Wirecard shares while it was investigating the company, putting the
spotlight again on an agency that has come under scrutiny for
ignoring red flags about the now insolvent fintech giant for a
decade.
Rent the Runway to Close All Retail Stores Permanently
Clothing retail startup Rent the Runway said it would
permanently close its five retail locations, which it had shut down
in March in response to the coronavirus pandemic.
U.S. Probes Former NASA Official's Contacts With Boeing Executive
The criminal inquiry focuses on whether a NASA official
improperly shared information about a lunar-lander project with an
executive at Boeing, which acted on his guidance.
Why Was 'Fortnite' Removed From Apple and Google App Stores?
Players of the popular videogame have been drawn into a battle
between its maker, Epic Games, and tech giants over fee
payments.
U.S. Postal Service Plans 'Peak' Surcharges for Domestic Parcels
The U.S. Postal Service plans to add new fees onto commercial
packages starting in October as it looks to offset the increased
expenses from coronavirus and surge in volume expected from holiday
shoppers.
DraftKings Posts Wider Loss Amid Limited Sports Activity
The online-betting company posted a loss of $161.4 million, but
said it sees higher revenue as sporting events resume.
Companies Hit by Suspension of Professional Sports -- Earnings at a Glance
Madison Square Garden Sports and DraftKings reported quarterly
results, detailing the drag the suspension of sports amid the
Covid-19 pandemic had on business.
EU Secures Coronavirus Vaccine Deal With AstraZeneca
AstraZeneca will supply the bloc with up to 400 million doses of
its AZD1222 Covid-19 vaccine now in development.
Facebook's Hate-Speech Rules Collide With Indian Politics
A company executive in the vital market opposed a move to ban a
controversial politician who staffers concluded had violated
hate-speech rules. Some current and former employees allege the
ruling party got favorable treatment.
(END) Dow Jones Newswires
August 14, 2020 17:15 ET (21:15 GMT)
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