News Highlights: Top Company News of the Day
Mall Landlord Simon Property Suing Retailer Gap Over Missed Rent
Simon Property Group, the country's largest mall owner, filed a
lawsuit against Gap Inc., one of its largest U.S. store tenants,
seeking unpaid rents and charges it says amount to $66 million.
SoftBank, Andreessen Horowitz Set Up New Funds to Back Diverse Founders
Two high-profile venture firms unveiled efforts to back startup
founders of color, amid an escalation of racial tensions in the
U.S. SoftBank's $100 million fund appears to be the largest of its
Court Overturns EPA Approval of Bayer's Dicamba Spray
Bayer was dealt a setback in its efforts to provide farmers with
new weapons against hard-to-kill weeds, after a federal appeals
court vacated the Trump administration's approval of a
Las Vegas Casinos Reopen With Social Distancing, Sinks Next to Slot Machines
After shutting down in mid-March in response to the novel
coronavirus outbreak, Las Vegas casinos are now trying to bring
tourists back together while keeping them apart, selling pleasure
during a pandemic and widespread civil unrest.
Authors Retract Study That Found Risks of Antimalaria Drug for Covid-19
Three authors involved in a Lancet article that found using
antimalaria drugs against the novel coronavirus carried safety
risks and no benefits have retracted the study, saying they
couldn't get the full data set behind it.
ZoomInfo Soars in Trading Debut
ZoomInfo Technologies' shares skyrocketed following the
company's trading debut, in what is the biggest technology initial
public offering so far this year.
LVMH Reviews Tiffany Deal Amid Coronavirus, Riots
French luxury-goods titan Bernard Arnault is reviewing his $16
billion deal to buy U.S. jeweler Tiffany, according to a person
familiar with the matter, after the coronavirus pandemic upended
Airlines Add Flights as Travel Slowed by the Coronavirus Starts to Pick Up
American Airlines on Thursday joined other carriers in restoring
some flying that was curtailed due to the coronavirus pandemic, as
parts of the country start to reopen.
Rémy Cointreau's Party Spirit Survives the Pandemic
A global health crisis is a strange time to release a punchy new
margin target. At least French liquor company Rémy Cointreau has
allowed itself a decade to make good on the promise.
Volkswagen Set for Electric Boost from German Stimulus
An increase in Germany's subsidies for electric cars worth up to
EUR40,000 as part of coronavirus-related stimulus helps VW, but
leaves BMW and Daimler out in the cold
(END) Dow Jones Newswires
June 04, 2020 17:00 ET (21:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.