Centene Settles With States Over Pharmacy Benefits Practice

The managed-care company agreed to pay about $88 million to Ohio and $55 million to Mississippi and is establishing a $1.1 billion reserve related to talks with other states.

 
Philips Recalls Millions of CPAP, Ventilator Machines

The company said that sound-damping foam in the breathing devices could degrade and be inhaled or swallowed.

 
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.

 
Lordstown Motors May Be Running Into a Dead End

Electric-vehicle startups that follow Tesla down the luxury route could have better chances of success.

 
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.

 
Washington Prime Seeks $950 Million Debt Cut in Bankruptcy

The mall owner had to cut rents during the Covid-19 pandemic, keeping tenants out of bankruptcy but hurting its business.

 
Shell Considering Sale of Texas Shale: Report

A disposal would help shrink the oil giant's net debt, which stood at $71 billion in March.

 
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.

 
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.

(END) Dow Jones Newswires

June 14, 2021 19:15 ET (23:15 GMT)

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