News Highlights: Top Company News of the Day
October 25 2021 - 11:30AM
Dow Jones News
Moderna Covid-19 Vaccine Data Shows Strong Response in Children
Moderna said it would submit the results from an interim study
to health regulators in the U.S., Europe and elsewhere in seeking
authorization for 6- to 11-year-olds.
Hertz Orders 100,000 Teslas
The car-rental company, recently emerged from bankruptcy under
new ownership, has ordered the vehicles by the end of 2022 as part
of plan to electrify fleet.
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker's pricing highlights investors'
unwillingness to lend traditional car makers the valuations enjoyed
by younger electric-vehicle companies.
Facebook Expected to Post Slower Sales Growth With Apple Privacy Policy
The social-media company's ad sales are on track for a record,
even as global supply-chain shortages crimp ad spending.
HSBC to Buy Back $2 Billion in Stock as Profit Jumps
The London-based bank, which makes most of its profit in Hong
Kong and mainland China, earned $3.54 billion in the three months
to the end of September, up from $1.36 billion in the same period
last year.
China Evergrande Says Work on Some Residential Projects Has Resumed
The highly indebted developer said construction was progressing
at some of its projects in southern China, as it tries to stave off
collapse and deliver homes it has promised to more than a million
people.
Mark Cuban-Owned Company Launches Pharmacy-Benefit Manager
An employer group also is starting a company to manage
prescription-drug benefits as frustration mounts with the big PBMs
hired to control drug spending
Youth-Focused Digital Platform FaZe Clan Inks $1 Billion SPAC Deal
Backed by the singer Pitbull and other entertainment and sports
celebrities, FaZe Clan targets Gen Z and millennial consumers.
Former ESPN Reporter Who Left Over Vaccine Mandate Joins the Daily Wire
Allison Williams, who refused to get the Covid-19 vaccine over
what she said were fertility concerns, will host a sports series
available to subscribers of the conservative news site.
PayPal Says Not Pursuing Acquisition of Pinterest
U.S. payments giant PayPal Holdings said it isn't currently
pursuing a deal for social-media platform Pinterest, days after
media reports that the companies were in early talks for a
multibillion-dollar deal.
(END) Dow Jones Newswires
October 25, 2021 11:15 ET (15:15 GMT)
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