Carson Block Calls for Delisting of Many Chinese Firms in U.S.

'We have...roughly 400 companies from China listed in the U.S. that are literally beyond the reach of investigation and enforcement,' the Muddy Waters founder said.

 
Google Adopts Hybrid Workweek, With 20% of Its Employees to Work Remotely

Google is adopting a hybrid workweek, allowing 20% of employees to work remotely, according to a company email, with most employees spending three days in the office and two days working elsewhere.

 
Peloton Recalls All Treadmills as CEO Apologizes

The exercise-equipment maker's decision came after the company had refused to comply with federal regulators who pushed for the move weeks ago and said the product was responsible for dozens of injuries and at least one death.

 
Facebook Panel Upholds Trump Ban but Orders Review

The independent panel ruled that the social-media company was justified in banning Donald Trump's account after the U.S. Capitol riot, but in coming months Facebook must decide whether the former president is permanently locked out of the platform.

 
GM Shows Up Ford

The largest Detroit car maker seems to be cruising through the chip crisis without as many problems as its peers, but it is already an investor darling.

 
Canada Authorizes Pfizer-BioNTech Covid-19 Vaccine for Children 12 to 15

The decision marks the first time a Covid-19 vaccine will be available for children in North America, and comes as the U.S. and Europe are weighing similar requests.

 
New York Times Subscriber Gains Slow in First Post-Trump Quarter

New York Times Co. said its revenue rose 6.6% in the first quarter, even as digital-subscriber additions slowed sharply in the months since former President Donald Trump left office.

 
Bill Gates's Firm Transferred $1.8 Billion in Stock to Melinda Gates

Cascade Investment transferred to Ms. Gates shares of Canadian National Railway worth about $1.5 billion and AutoNation stock valued at more than $300 million.

 
Biden Blocks Trump-Era Gig-Worker Rule

The Labor Department said it is nullifying a rule that sought to make it more difficult for a gig worker to be counted as an employee under federal law covered by federal minimum-wage and overtime regulations.

 
Maersk Posts Record Profit, Steps Up Buyback Program

A.P. Moller-Maersk said it would launch a roughly $5 billion share-buyback program as unrelenting demand for manufactured goods helped the Danish shipping company post a record profit for the first quarter.

(END) Dow Jones Newswires

May 05, 2021 15:15 ET (19:15 GMT)

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