News Highlights: Top Company News of the Day
November 30 2020 - 3:30PM
Dow Jones News
Facebook to Acquire Startup Valued at $1 Billion
The social-media giant is buying Kustomer, which specializes in
customer-service platforms and chatbots, as Facebook looks to
promote its platforms as a way to do business.
DoorDash Sets IPO Terms Pushing Valuation as High as $32 Billion
DoorDash said it plans to sell 33 million shares in an initial
public offering that could give the food-delivery company a
valuation of as much as $32 billion.
S&P Global Agrees to Buy IHS Markit
S&P Global has agreed to acquire IHS Markit for about $44
billion in a deal that would combine two of Wall Street's largest
data providers.
NPC's Canceled Auctions Pave Way for Sale of Wendy's, Pizza Hut Chains to Flynn
Wendy's has opposed the sale to Flynn, the largest restaurant
franchisee in the U.S., and instead has made its own offer with a
consortium of regional franchisees.
Moderna to Ask FDA to Authorize Vaccine
The drugmaker is seeking authorization for its Covid-19 vaccine
after it was shown to be 94.1% effective, keeping the shot on track
to go into use in the U.S. by year's end, alongside Pfizer and
BioNTech's.
Facebook, Google to Face New Antitrust Suits in U.S.
Big Tech's legal woes are expected to worsen in the coming weeks
as federal and state antitrust authorities prepare to file as many
as four more cases targeting the tech giants by the end of
January.
GM Won't Take Stake in Nikola
The auto maker will no longer take an equity stake in the
electric-truck maker under a stripped-down agreement, a significant
retrenchment from an earlier pact that fueled investor enthusiasm
for both companies.
Credit Suisse Spied on More Employees Than Previously Disclosed
Lawyers hired by Credit Suisse in the aftermath of a spying
scandal last year found two earlier instances of employees being
followed by private investigators, despite the bank's assertions
that it doesn't condone physical surveillance.
Kinaset Therapeutics Launches With $40 Million Series A to Advance Asthma Drug
The biotech startup secured backing from 5AM Ventures, Atlas
Venture and Gimv to develop a drug for people with severe
asthma.
Airbnb, DoorDash Aim for Higher-Than-Expected Valuations
Airbnb is planning to target a range of around $30 billion to
$33 billion when the home-rental startup kicks off its investor
roadshow. DoorDash, meanwhile, plans to target a range of around
$25 billion to $28 billion.
(END) Dow Jones Newswires
November 30, 2020 15:15 ET (20:15 GMT)
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