Ant to Raise More Than $34 Billion in Record IPO 
 

The Chinese financial-technology giant will list its shares in what is set to be the world's biggest-ever initial public offering, a deal that bypasses U.S. stock exchanges.

 
Blackstone Raises $8 Billion for Second Long-Life Fund 
 

Blackstone collected the pool during the early days of the coronavirus pandemic, which slowed fundraising across the industry. Calpers, however, provided a $1 billion boost to the fund in March.

 
NIH Halts Study Exploring Treating Covid-19 With Lilly Antibody, Remdesivir 
 

Federal health researchers have halted testing a combination of Eli Lilly's Covid-19 antibody drug and remdesivir in hospitalized Covid-19 patients, after an independent committee found a lack of a benefit.

 
Global Insurer AIG to Divest Life-Insurance Business 
 

Current President Peter Zaffino will run the insurer as CEO starting March 1, while current Chief Executive Brian Duperreault will become executive chairman, the latest moves at a firm that in recent years has faced shareholder activists.

 
Hospital Merger Seeks to Create Regional Giant in the West 
 

Intermountain Healthcare and Sanford Health would operate 69 hospitals across six states.

 
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.

 
U.K. Betting Firm Genius Sports to Go Public 
 

The company has struck a $1.5 billion deal to start trading on public markets by merging with a U.S. blank-check company, people familiar with the matter said, a move that targets the growing U.S. sports-wagering industry.

 
BuzzFeed Expects to Break Even, Thanks to Heavy Cost Cuts 
 

Through roughly $30 million in cost reductions-a mix of furloughs, pay cuts, layoffs and other changes-the digital media company said its finances are stabilizing after the pandemic hurt its ad revenue.

 
Mexican-Restaurant Chain Rubio's Files for Chapter 11 
 

Rubio's Restaurants, a chain of more than 150 Mexican eateries known for fish tacos, has filed for bankruptcy protection citing restrictions imposed due to the coronavirus pandemic.

 
Hasbro Posts Rise in 3Q Profit 
 

Hasbro logged a third-quarter profit of $220 million, or $1.61 a share, but revenue from the company's operations that rely on live events suffered during coronavirus pandemic.

 
 

(END) Dow Jones Newswires

October 26, 2020 21:15 ET (01:15 GMT)

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