JPMorgan Buys Stake in Robert Kraft's Sports-Data Company 
 

The bank plans to use the heaps of data that flows from legal sports betting, mobile ticketing and concession sales, among other things, to advise clients looking to buy and owners trying to wring more profit out of their teams.

 
Visa Buys Swedish Fintech Tink for More Than $2 Billion 
 

Acquiring the startup would give Visa a foothold in the fast-growing business of open banking, which connects consumers to multiple financial institutions.

 
FedEx Suspended Service for 1,400 Freight Customers 
 

The shipping and logistics giant suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network taxed by relentless package volume.

 
Luminar's CFO Aims to Conserve Cash as Company Begins Commercial Production 
 

Luminar Technologies, which makes sensors for autonomous cars, is looking to boost production while building up a cash cushion on its balance sheet.

 
House Panel Votes to Curb Tech Giants 
 

The tech companies, including Google and Facebook, will take the battle over the proposed new regulations and oversight to the House floor and Senate.

 
E-Mart to Buy eBay's South Korean Unit for $3B 
 

E-commerce platform eBay Inc. agreed to sell an 80.0% stake in its South Korean unit to retailer E-mart for about $3.0 billion.

 
Siemens Raises Growth Targets, Plans Buyback 
 

Siemens upgraded some of its growth targets and said it would launch a share buyback program of up to EUR3 billion in October.

 
BuzzFeed Nears Deal to Go Public Via SPAC 
 

The move is part of a plan to consolidate with other players in digital media, as the company hopes scale will make it easier to compete for ad dollars with Google, Facebook and Amazon.

 
ViacomCBS Taps Paramount+ Programming Chief in Content Leadership Shift 
 

Media giant is latest industry player to reorganize its ranks to prioritize streaming.

 
CDC Advisory Group Says 'Likely Association' Between mRNA Vaccines and Rare Myocarditis Cases 
 

Centers for Disease Control and Prevention advisers said there is a "likely association" between Pfizer-BioNTech and Moderna's mRNA Covid-19 vaccines and an inflammatory heart condition in some younger individuals, but noted that cases were rare and that most patients quickly felt better.

(END) Dow Jones Newswires

June 24, 2021 07:15 ET (11:15 GMT)

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