Facebook Strikes Deal to Skirt Apple's App Store Commission 
 

The agreement temporarily lets the social-media giant use its own payment system to process transactions for live events hosted on its mobile app, following criticism over Apple's digital marketplace.

 
Beijing Frets Over Losing Control of TikTok as It Debates App's Fate 
 

Chinese officials weighing an agreement to turn TikTok into a U.S.-based company are eager to ensure that the short-video app's Chinese owner retains control over its global operations and that TikTok's source code remains secret.

 
Caesars, Apollo Make Takeover Approaches for U.K.'s William Hill 
 

British bookmaker William Hill said it had received takeover proposals from Caesars and Apollo, the latest sign of growing interest in the U.S. sports-gambling market.

 
Apple Faces Prolonged $15 Billion Tax Battle as EU Appeals 
 

The tech giant's legal battle over a $15.2 billion tax bill will continue, potentially for years, after the European Union appealed a court ruling that sided with Apple.

 
Palantir Expected to Be Valued at Nearly $22 Billion in IPO 
 

The data-mining-software specialist is eschewing the traditional IPO route and going public through a direct listing. Bankers have told investors the shares could start trading around $10 apiece.

 
China Evergrande Selloff Deepens as Concern Mounts Over Its Financial Health 
 

China Evergrande's bonds and shares came under a second day of heavy selling pressure, as investor concerns grew about the large property developer's financial health despite its attempt to calm such worries.

 
Covid-19 Vaccine From Novavax to Begin Phase 3 Trial in U.K. 
 

The company said it has started a final-stage, 10,000-person study of its experimental Covid-19 vaccine in the U.K.

 
BMW Settles SEC Charges Over Sales Disclosures for $18 Million 
 

The regulator found that the Munich-based auto maker had provided inaccurate information regarding its U.S. retail sales while raising roughly $18 billion from bond investors.

 
Roadside Hotels Are Resting Relatively Easy During the Pandemic 
 

These days, American travelers are taking shelter at modest hotels situated along highways and in remote locations. Investors should consider doing the same.

 
Google, Twitter and Facebook CEOs Threatened With Subpoena 
 

A GOP-led Senate committee scheduled an Oct. 1 vote to subpoena testimony about tech companies' legal immunity. Democrats call the move election-year intimidation.

(END) Dow Jones Newswires

September 25, 2020 13:15 ET (17:15 GMT)

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