Morgan Stanley Books Archegos Loss, but Profit Hits New High 
 

The bank lost $911 million when Archegos Capital Management imploded last month, tarnishing a record-setting quarter.

 
Apple Music Reveals How Much It Pays When You Stream a Song 
 

The company pays the music industry a penny per stream on its service, a disclosure it made as part of an effort by music-streaming services to show they are artist-friendly.

 
Indianapolis Mass Shooting Leaves at Least Eight Dead at FedEx Facility 
 

A man shot and killed eight people at a FedEx facility in Indianapolis before apparently killing himself in the latest in a string of high-profile U.S. shootings.

 
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.

 
Mercedes-Benz Faces an Open Road Today, Traffic Tomorrow 
 

Two exceptionally profitable quarters for the luxury-car brand highlight what Daimler has to lose from the transition to electric vehicles.

 
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.

(END) Dow Jones Newswires

April 16, 2021 11:00 ET (15:00 GMT)

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