Morgan Stanley Books Archegos Loss, But Profit Hits New High

The bank said first-quarter profit more than doubled from a year earlier, another Wall Street firm that reaped big gains from the euphoric market conditions of early 2021.

 
Indianapolis Shooting Leaves at Least Eight Dead at FedEx Facility

A gunman killed eight people and wounded others at a FedEx facility in Indianapolis before killing himself, the city's police said.

 
Hertz Bankruptcy Bidding War Heats Up With New Counteroffer

Knighthead Capital Management and Certares Management, which previously offered to buy Hertz out of bankruptcy but were eclipsed by a competing group, returned with a sweetened bid.

 
Toshiba Shareholders May Finally Get Their Due

Storied Japanese company Toshiba has a long history of governance problems, but the prospect of a bidding war means things could finally be looking up.

 
J&J Privately Asked Rival Vaccine Makers to Probe Clot Risks

AstraZeneca was interested in joining forces to investigate the safety issue and communicate vaccine benefits and risks, but Pfizer and Moderna didn't see the need for group action.

 
Lilly Seeks to End U.S. Use of Single Covid-19 Antibody Drug Alone

The drugmaker said it will distribute a drug cocktail containing bamlanivimab and a second antibody, etesevimab, that studies indicate together neutralize more of the emerging Covid-19 variants.

 
Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman

The appointment is the firm's latest maneuver as it prepares for a U.S. initial public offering later this year.

 
Annual Covid-19 Vaccine Booster Shots Likely Needed, Pfizer CEO Says

Due to variants of the coronavirus, people likely will need a booster shot within a year to suppress the pool of those individuals susceptible to Covid-19, Pfizer Chief Executive Albert Bourla said Thursday.

 
Australian Court Finds Google Misled Consumers About Location Data, Regulator Says

An Australian court found that Alphabet's Google misled some consumers about personal-location data collected through Android mobile devices, the country's competition regulator said.

 
Daimler Sees First-Quarter Profits Beating Forecasts

Daimler said its first-quarter earnings will be above market expectations helped by a solid performance of its flagship Mercedes-Benz cars and strong demand in China.

(END) Dow Jones Newswires

April 16, 2021 09:00 ET (13:00 GMT)

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