News Highlights: Top Company News of the Day
May 17 2021 - 7:30AM
Dow Jones News
Apple Set to Call Tim Cook to Witness Stand to Fight Monopoly Claims
The iPhone maker's chief executive is set to argue the company's
case against Epic Games' antitrust claims.
AT&T, Discovery in Talks to Combine Media Assets
The deal would continue consolidation in a media business
buffeted by cord-cutting and streaming.
Amazon Makes Push to Reduce Worker Injuries
The online retailer is rolling out safety videos, on-the-job
stretching exercises and staff meditation zones.
JD Logistics Launches Up to $3.4 Billion Hong Kong IPO
The logistics arm of JD.com is looking to raise as much as $3.4
billion through an initial public offering, in the latest Hong Kong
listing linked to China's booming e-commerce market.
Sanofi-GSK Covid-19 Vaccine Trial Passes Phase 2
Sanofi said that the coronavirus vaccine it is developing with
GlaxoSmithKline has achieved positive results in a Phase 2 trial,
and that a global pivotal Phase 3 study is expected to start in the
coming weeks.
Indonesia's Top Tech Startups Gojek and Tokopedia to Merge
The combined firm, to be known as GoTo Group, plans to go
public
J.Crew Is Naming Designer to Disrupt Brand
Brendon Babenzien, the veteran streetwear pioneer, is being
hired to push the limits of the preppy retailer's designs.
NBCUniversal Acts as Power Broker Between Celebrities and Advertisers
The Comcast unit is pitching broad partnerships with stars
during this year's TV-ad-buying ritual known as the upfront, hoping
its pull with talent helps it strike bigger deals.
Crown Resorts Rejects Blackstone Takeover Offer
Australian casino operator Crown Resorts Ltd. rejected a
takeover offer from U.S. private-equity firm Blackstone Group Inc.,
saying the proposal undervalued the company and presented too much
regulatory uncertainty.
Gates Left Board Amid Probe Into Prior Relationship With Staffer
Some Microsoft directors began an investigation in 2019 into a
woman's allegations of a prior sexual relationship with Bill Gates;
Mr. Gates's spokeswoman says his decision to leave the board in
2020 wasn't related to the matter.
(END) Dow Jones Newswires
May 17, 2021 07:15 ET (11:15 GMT)
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