News Highlights: Top Company News of the Day
October 26 2020 - 11:30AM
Dow Jones News
Dunkin' Brands in Talks to Be Acquired by Arby's Parent
The parent of Dunkin' and Baskin-Robbins said it has held early
talks to go private in an acquisition by Inspire Brands, whose
portfolio includes Arby's, Buffalo Wild Wings and Jimmy John's
chains.
Oxford, AstraZeneca Vaccine Shows Promising Immune Response in Older Adults
A Covid-19 vaccine being developed by the University of Oxford
and AstraZeneca showed a promising immune response and low levels
of adverse reactions in the elderly and older adults, according to
an interim analysis.
SAP Profit Warning Sends Shares Plummeting
Shares in Europe's biggest tech company plunged after it
scrapped its profit targets for the year and said measures to
thwart a rebound in coronavirus infections would weigh on business
through the middle of next year.
Ant to Raise More Than $34 Billion in Record IPO
In what is due to be the world's biggest-ever initial public
offering, Ant Group will be one of the most valuable companies in
either technology or finance.
Facebook Moves Into Cloud Gaming
The social-media company's free-to-play model differs from the
paid, subscription cloud-gaming services of rivals such as Google
and Microsoft.
Auto Makers Shift Hydrogen Focus to Big Rigs
Auto makers have spent decades developing hydrogen fuel cells as
a green alternative for cars with little to show for it. Now, they
are shifting their attention to the trucking industry.
Bayer to Buy Gene-Therapy Firm AskBio for Up to $4 Billion
Bayer intends to acquire U.S.-based Asklepios BioPharmaceutical
to strengthen the German company's drugmaking arm, as Bayer
continues to reel from its acquisition of crops giant Monsanto.
Coca-Cola Backs Away From Bottling in Australia as Deal Bubbles to Sell Stake
Coca-Cola agreed in principle to sell its stake in its
Australian bottler to one of its European affiliates, its latest
move to reduce exposure to costly bottling operations and focus on
the more lucrative concentrate-making business.
Facebook Prepares Measures in Case of Election Unrest
The emergency measures, originally designed for countries facing
mass ethnic or political bloodshed, include slowing the spread of
viral content and lowering the bar for suppressing potentially
inflammatory posts.
Uber, Lyft Face a No-Sharing Economy
Car sales fell early in the pandemic, but are climbing again as
Americans move out of cities. That is raising the pressure on
ride-hailing firms, whose customers already had less inclination to
use the companies' services.
(END) Dow Jones Newswires
October 26, 2020 11:15 ET (15:15 GMT)
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