News Highlights: Top Company News of the Day
March 04 2021 - 9:33AM
Dow Jones News
Novartis to Help Make CureVac Covid-19 Vaccine
The Swiss drug company will make mRNA and other parts of
CureVac's two-dose vaccine, which is in late-stage testing with
results expected as soon as next month.
Apple Faces U.K. Antitrust Probe Over App Store Rules
The move mirrors a similar investigation in the EU, as scrutiny
rises globally over fair practices.
GM Looking to Build Second Battery Factory in U.S.
General Motors and joint-venture partner LG Chem are close to
completing a decision to locate the plant in Tennessee, said people
familiar with the matter.
Roundup Plaintiffs' Lawyers Spar Over $800 Million in Fees
The firms that led the litigation against Bayer argue that they
deserve a bigger slice of the nearly $10 billion settlement than
those that joined later.
Leaving Las Vegas Is the Right Move for Sands
Las Vegas Sands is selling its properties in Sin City to
concentrate more on its core business in Asia. For both the company
and investors, that looks like a win.
Okta to Acquire Customer-Authentication Provider for $6.5 Billion
The deal for Auth0 would help expand the company's focus beyond
its workplace-based identity software.
Disney Closing at Least 60 Stores in North America
The company said it will focus more on e-commerce while reducing
the number of brick-and-mortar locations it operates.
Amazon in Talks to Carry Many NFL Games Exclusively
TV networks also are expected to pay nearly twice as much for
new rights to Sunday and Monday games.
Jeep-Owner Stellantis Is Open to Dropping Cherokee Name
CEO Carlos Tavares said the auto company is holding talks with
the Cherokee Nation over use of the Native American tribe's name in
Jeep's line of vehicles.
Lufthansa Expects Demand to Rise But Cash Drain Continues
Lufthansa said it doesn't expect capacity to rise beyond 50% of
2019's levels this year and expected continued cash outflow of
around EUR300 a month in the first quarter, after the airline
reported an adjusted annual loss of EUR5.45 billion.
(END) Dow Jones Newswires
March 04, 2021 09:18 ET (14:18 GMT)
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