News Highlights: Top Company News of the Day
April 13 2021 - 9:15AM
Dow Jones News
U.S. Seeks to Pause J&J Shot After Rare Blood-Clot Cases
The FDA and CDC are reviewing data involving six reported cases
of blood clots, and the pause has been recommended "out of
abundance of caution."
Oil Majors Face Tough Choices Even With Higher Prices
The recovery in oil prices over the past year has eased
financial pressures on big producers, but not strategic ones. They
are still working out how to adjust their portfolios to a
lower-carbon future.
Microsoft's Nuance Gambit Shows Healthcare Is Next Tech Battleground
Microsoft is spending $16 billion to kick-start growth in the
next big thing for tech: healthcare.
GumGum Raises $75 Million From Goldman Sachs
The adtech company focuses on contextual advertising, as opposed
to ads that target people based on identifiable information.
Carlyle to Take Majority Stake in Owner of Beautycounter
The private-equity firm will take a majority stake in
Beautycounter owner Counter Brands, valuing it at $1 billion.
China Orders 34 Tech Companies to Rectify Anticompetitive Practices
The Chinese market regulator has ordered dozens of the country's
leading tech companies to rectify business practices that limit
competition, days after authorities hit Alibaba Group with a record
antitrust fine.
Chinese Auto Giant Geely Explores SPAC Deals
The multinational company is in talks to sponsor a $300 million
SPAC on Nasdaq and is considering another SPAC to float EV maker
Polestar, people familiar with the matter say.
Gap to Replace Longtime Credit-Card Issuer Synchrony With Barclays
The retailer's deal with the U.K. bank ends a 22-year
partnership with Synchrony, the largest U.S. issuer of store credit
cards.
Grab to Go Public in Record $40 Billion SPAC Merger
The "superapp" operator said it would go public on the Nasdaq by
merging with a special-purpose acquisition company, securing a
near-$40 billion valuation in a new milestone for the SPAC boom
that has swept financial markets.
Investment Group Pushes Google Parent for Whistleblowing Review
Trillium Asset Management is again pushing Google parent
Alphabet to assess the effectiveness of its internal whistleblowing
program, saying recent incidents suggest the company may have
potential cultural or ethics problems.
(END) Dow Jones Newswires
April 13, 2021 09:00 ET (13:00 GMT)
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