Disney+ Subscriber Growth Slows Down 
 

Shares in Disney fell 4.2% after CEO Bob Chapek said the company's streaming service faced headwinds in the current quarter.

 
Fedex Lowers Outlook, Citing Labor Costs 
 

The delivery giant said it spent an additional $450 million tied to problems attracting workers in its latest quarter, contributing to an 11% drop in profit.

 
J&J Overcomes Another Bid to Block Possible Talc Bankruptcy 
 

A New Jersey judge refused to prevent Johnson & Johnson from separating injury liabilities linked to its talcum-based baby powder from the rest of its business, the second time ovarian cancer claimants have failed to stop J&J from potentially placing thousands of talc-related claims in chapter 11 bankruptcy.

 
Zoom's Nearly $15 Billion Deal for Five9 Under U.S. Government Review Over China Ties 
 

The Justice Department-led Team Telecom is looking into whether Zoom's China ties could make its acquisition of the software company a national-security risk.

 
Facebook Oversight Board Launches Review of Company's XCheck System 
 

The company's oversight board is examining Facebook's practice of holding high-profile users to separate sets of rules, citing apparent inconsistencies in decision-making. The inquiry follows an investigation by The Wall Street Journal into the system, known internally as "XCheck."

 
ConocoPhillips Bets Big on American Oil Production With $9.5 Billion Deal 
 

The company's purchase of Permian Basin assets from Shell means it will overtake all but Exxon in oil and gas output in the contiguous U.S.

 
DraftKings Makes Bid for Gambling Company Entain 
 

The cash-and-stock offer, valued at more than $20 billion, comes after the British gambling company rebuffed a takeover proposal from MGM Resorts International earlier this year.

 
McDonald's Plans to Make Happy Meal Toys More Sustainable 
 

The fast-food chain is shifting some of its toys to plant-based materials, and the new toys will begin appearing in the U.S. in January

 
Justice Department Files Antitrust Suit Challenging American-JetBlue Alliance 
 

The lawsuit alleges that the carriers' partnership threatens competition, while the companies say they are giving consumers choices.

 
J&J Says Covid-19 Vaccine Booster Two Months After First Shot Increases Protection 
 

Johnson & Johnson said a booster dose of its Covid-19 vaccine administered two months after the first shot increased protection against symptomatic illness in trial participants.

(END) Dow Jones Newswires

September 21, 2021 17:15 ET (21:15 GMT)

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