Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others

Tesla and other companies that hold the notoriously volatile cryptocurrency often must record impairment charges when its value falls.

 
Investors Crave More of Payments Company Stripe

Shopify, Sequoia Capital and others bought about $1 billion of shares in fintech Stripe in a recent tender offer.

 
Grocery Courier Boxed to Go Public in SPAC Deal

Boxed and Seven Oaks said the deal would value the combined company at nearly $900 million and provide money to serve more households and businesses that started ordering groceries online during the pandemic.

 
Novavax Covid-19 Vaccine Is 90% Effective in Key Study

An experimental vaccine from Novavax was effective at preventing symptomatic disease in adults in a large clinical trial, results that move the shot a step closer to global use. The two-dose shot also worked well against coronavirus variants, including alpha, now dominant in the U.S.

 
Nike Super Spikes Are So Fast That Rivals Are Wearing Them

Its track shoes are helping set records, spawning similar models and prompting other brands to let their own runners wear the swoosh in the U.S. Olympic trials or risk lagging behind.

 
European Privacy Ruling Could Mean More Scrutiny of Companies

Europe's top court is set to rule on whether national regulators can reach across borders.

 
Toshiba to Appoint New Directors to Reform Corporate Governance

Toshiba Corp. Board Chairman Osamu Nagayama said Monday that the company will look for new directors after a probe found it worked with the Japanese government against foreign shareholders.

 
Torrens Group Plans to Raise Over $900 Million in Australia IPO

Torrens Group plans to raise $905.3 million in gross proceeds through an initial public offering in Australia, as the company seeks to tap new investors.

 
High-Speed Trader Virtu Fires Back at Critics

Scrutiny of the recent stock surges at GameStop, AMC and others has put pressure on the trading firm run by CEO Douglas Cifu.

 
Cruise Lines Wrestle With Florida Ban on Vaccine Passports

A standoff between Florida Gov. Ron DeSantis and the cruise industry over whether to require passengers to show proof of Covid-19 vaccines is coming to a head.

(END) Dow Jones Newswires

June 14, 2021 09:15 ET (13:15 GMT)

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