AstraZeneca Escapes Fines in Covid-19 Vaccine Lawsuit With EU 
 

A Brussels court ruled that the company isn't required to accelerate deliveries of its Covid-19 vaccine to the European Union and isn't on the hook for big fines the bloc had sought over delivery delays.

 
HSBC to Take $3 Billion in Losses on Sale of Troubled French Bank 
 

A lender controlled by private-equity firm Cerberus will buy HSBC's French retail operations for a symbolic price of one euro, in a sign of the souring fortunes of European banking.

 
Credit Suisse Slashes Business With SoftBank and Masayoshi Son 
 

The Swiss lender has backed away from lending to SoftBank and founder Masayoshi Son, according to regulatory filings and people familiar with the matter, as it tries to limit risk in the wake of Greensill and Archegos collapses.

 
Stanley Black & Decker CFO Looking for Partnerships With Battery, Chip Makers 
 

The company, which is best known for its power tools, is seeking electric battery and computer chip makers that would agree to supply components in return for an investment.

 
How Green Was My Tesla-and How Cheap? 
 

Auto makers need to ensure their electric vehicles are actually green. They also desperately need to bring down their cost. Pursuing both goals at once is hard.

 
CVS and Walgreens Were Reeling From Pandemic, but Fortunes Have Changed 
 

The drugstore chains say business generated by Covid-19 vaccinations is helping them recover from the pandemic's impact on costs and revenue last year.

 
Energy Department Seeks to Keep Grant-Backed Tech Jobs in U.S. 
 

"If the seed was planted here, the tree should grow here," said Energy Secretary Jennifer Granholm.

 
Tesco Sales Growth Slows in First Quarter 
 

Tesco's U.K. retail sales growth slowed to just 0.5% in the first quarter, as the boost from the coronavirus lockdowns began to fade, but the retailer maintained its profit outlook for the year.

 
U.S. FCC Proposes Fresh Ban on Equipment From Chinese Firms 
 

The Federal Communications Commission has proposed new rules that would prevent U.S. networks from using equipment made by Chinese companies deemed as national security threats, including Huawei and ZTE Corp.

 
Venture Capital's New Bet: Black Entrepreneurs 
 

Investors increasingly seek out diversity among company founders, leading to more support for Black-led funds and growing appetite to back startups led by people from groups that venture capital has historically overlooked.

(END) Dow Jones Newswires

June 18, 2021 15:00 ET (19:00 GMT)

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