Waymo Raises $2.5 Billion in Funding Round 
 

Alphabet's self-driving affiliate said it wants to continue developing its Waymo Driver autonomous-driving system.

 
Morgan Stanley Hires Greg Weinberger Away From Credit Suisse 
 

The investment banker's departure comes as the Swiss bank deals with losses tied to the meltdown of Archegos Capital Management.

 
Toshiba Chairman, Under Fire, Says He May Leave Once He Has Fixed Issues 
 

In an interview with The Wall Street Journal, Osamu Nagayama, up for re-election after a turbulent spring, said he saw it as his mission to fix the conglomerate's governance problems by bringing in new blood.

 
GM Raises Electric-Car Bet 
 

General Motors said that it will boost spending on electric and autonomous vehicles to $35 billion through 2025, an increase that reflects plans to add two more battery factories in the U.S.

 
Apple Struggles in Push to Make Health Its Greatest Legacy 
 

Apple CEO Tim Cook has said the company's greatest contribution to mankind will be in health. So far, some of its initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction.

 
After Trump Ban, Facebook Oversight Panel Pushes for More Say 
 

The social-media company's Oversight Board, as well as outside observers, say the longer-term effectiveness of the panel lies in how Facebook responds to its guidance.

 
Solid Power, QuantumScape, and the Battle for Next-Generation Batteries 
 

Solid Power is the second solid-state battery startup to come to the stock market. With a lower valuation than its predecessor, QuantumScape, it reflects investors' thirst for disruption stories.

 
KPMG Joins Push for Private-Equity Fund Reporting Standards 
 

The consulting firm has joined the Private Capital Data Standards Alliance, which also counts Allianz Capital Partners among its members.

 
Regeneron's Antibody Drug Cuts Risk of Death in Some Covid-19 Patients 
 

Trial results for a new Regeneron treatment have buoyed hopes that doctors could soon have a new way to tackle severe hospital cases.

 
Investor's Latest Fund to Extend L.A. Housing Strategy to More West Coast Cities 
 

Real-estate investor Martin Muoto discussed the Black Impact Fund as the venture seeks to raise $1 billion.

 
 

(END) Dow Jones Newswires

June 16, 2021 11:00 ET (15:00 GMT)

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