Blackstone Bets $6 Billion on Buying and Renting Homes

The investment firm's deal for a company that buys and rents single-family homes is the latest sign Wall Street believes the U.S. housing market is going to stay hot.

 
LinkedIn Accounts of Scholars Blocked in China

Affected users say the social-networking site owned by Microsoft is obstructing them over "prohibited content" without further explanation.

 
Vivendi Shareholders Approve Spinoff of Universal Music

The vote brings the world's largest music company a step closer to becoming its own public entity.

 
Pear Therapeutics to Go Public in Roughly $1.6 Billion SPAC Deal

Investors that include the Pritzker Vlock Family Office and Neuberger Berman Group funds are backing a roughly $125 million private investment in public equity, or PIPE, as part of the proposed deal.

 
Google Faces EU Antitrust Probe of Alleged Ad-Tech Abuses

The European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector, the most wide-ranging case yet to look at that pillar of the tech giant's business.

 
Amazon Could Use Less Prime Time

Prime Day showcases all the strengths that have put Amazon under intense scrutiny.

 
Lux Capital Leads $51 Million Financing in Biotech Startup Enveda

Lux Capital has led a $51 million venture-capital financing in Enveda Biosciences.

 
Brazil's Petrobras Pension Fund Sheds Some Private-Equity Stakes

The Petros pension fund for workers at state-owned oil giant Petrobras sold stakes in seven funds to Spectra Investments.

 
Chewy CFO Says Broader Product Range Bearing Fruit in Higher Earnings

Mario Marte said pet retailer could post first net profit this year; Chewy recently started offering fresh food, automatic prescription orders.

 
JPMorgan Invests in Mortgage Clearinghouse

JPMorgan has contributed additional venture capital funding to Maxex, a growing digital exchange for residential mortgages.

(END) Dow Jones Newswires

June 22, 2021 11:15 ET (15:15 GMT)

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