DoorDash Is Set to Deliver SoftBank a Big Hit

SoftBank, whose strategy of pouring billions of dollars into highly unprofitable startups was bogged down by some high-profile flops a year ago, soon may have a notable winner to flaunt: DoorDash.

 
Pfizer, BioNTech's Covid-19 Vaccine Wins U.K. Authorization

Britain became the first Western nation to grant emergency-use authorization for a Covid-19 vaccine, clearing a shot developed by Pfizer and Germany's BioNTech to be distributed in limited numbers within days.

 
JD Health Raises $3.5 Billion From Hong Kong's Red-Hot Capital Markets

The telemedicine arm of Chinese e-commerce giant JD.com raised $3.5 billion in Hong Kong's largest initial public offering this year, taking proceeds from new listings in the city to a 10-year high.

 
GardaWorld Raises G4S Bid

Canada's GardaWorld increased its offer for G4S by 24%, valuing the London-listed security company at GBP3.68 billion.

 
Hewlett Packard Enterprise to Leave Silicon Valley for Texas

The tech giant is moving its headquarters to the Houston area, the latest sign of how the pandemic is reshaping the way Silicon Valley companies operate.

 
SoftBank Makes Another Bet on Freight Shipping Technology

The Japanese firm led a $113.5 million investment in Flock Freight, a U.S. software startup that offers a service that uses algorithms to match trucks with freight headed in the same direction.

 
Equinox's Lenders Plan Another Rescue Loan

Lenders to Equinox Holdings are preparing for talks regarding a potential rescue loan that would help the high-end fitness chain refinance looming debt and avoid bankruptcy, according to people familiar with the matter.

 
Big Companies Urge Action on Climate Change

More than 40 corporations, including Amazon, Citigroup and Ford, said in a letter to Congress that they supported the U.S. rejoining the Paris climate accord.

 
Nasdaq CEO Pushes Corporate Boards to Diversify

Nasdaq proposed new rules that would require the boards of its listed companies to meet certain minimum diversity requirements. CEO Adena Friedman discussed the exchange operator's diversity plan with The Wall Street Journal.

 
Salesforce Confirms Deal to Buy Slack

The $27.7 billion purchase, which still has to clear Slack shareholder and regulatory approval, would be Salesforce's largest ever acquisition and boost its competition with rival Microsoft.

(END) Dow Jones Newswires

December 02, 2020 07:15 ET (12:15 GMT)

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