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' New Interim CFO Known for Turning Around Struggling Companies

The Lordstown, Ohio-based company on Monday disclosed it engaged AP Services LLC, a subsidiary of AlixPartners LLP, as part of an executive reshuffling after a board report found inaccuracies in some of the firm's disclosures about truck preorders.

 
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.

 
Crown Resorts Gets Increased Buyback Proposal From Oaktree

Australian casino operator Crown Resorts Ltd. said Oaktree Capital Management has raised the size of the financing it proposes to fund a buy back of shares held by billionaire James Packer's investment firm.

 
Nuclear Firm Flags Performance Issue at Chinese Plant

French power giant EDF says it requested an extraordinary board meeting with Chinese managers of the Taishan nuclear plant in Southeast China to get more information on the buildup of gases inside one of the plant's reactors.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

June 14, 2021 21:15 ET (01:15 GMT)

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