News Highlights: Top Company News of the Day
Lyft's Recovery Looks Overheated
Amid the pandemic, Lyft is a ride-hailing pure play trading like
it has Uber's diversification.
The Coronavirus Redraws the Car Market's World Map
The global auto market is splitting three ways, complicating
efforts by the industry's main players to recover from their
deepest crisis in years.
Judge Questions Bayer's Roundup Settlement Plan
A federal judge cast doubt on Bayer's proposal to neatly resolve
all future lawsuits over the safety of its Roundup weedkiller,
potentially snagging the German company's attempts to move past the
U.S. Commits $2 Billion for Covid-19 Vaccine, Drug Supplies
The federal government awarded $2 billion to two drugmakers to
support development and manufacturing of an experimental drug and a
potential vaccine against Covid-19.
Big Tech's Stand on Hong Kong Law Reveals Wider Fears at Foreign Firms
The stand taken by several American tech giants against China's
national-security law in Hong Kong reveals concerns many foreign
companies in the city are discussing internally but dare not
Luckin Coffee Shareholder Vote Is Challenged After Chairman Determines Outcome
Luckin Coffee has yet to release the results of a controversial
shareholder vote during which Chairman Charles Lu reclassified the
supervoting shares of one representative.
Cosco Strikes Blockchain Pact for Ocean Cargo With Alibaba, Ant
China's state-run container line Cosco Shipping Holdings Ltd.
will work with Alibaba and Ant, the e-commerce giant's financial
technology affiliate, on using blockchain technology to track goods
across seaborne supply chains.
Magic Leap Taps Microsoft Executive Peggy Johnson as New CEO
The maker of augmented-reality headsets named a
business-development leader at Microsoft as its new chief
executive, effective Aug. 1.
Home-Solar Companies Merge as Coronavirus Dims Growth
The two largest U.S. rooftop solar companies are merging as the
coronavirus pandemic casts a cloud over the market to install
panels on homes.
Deutsche Bank Fined $150 Million Over Epstein Links, Other Lapses
New York's financial-services regulator fined Deutsche Bank $150
million for failing to properly monitor its dealings with late
financier and convicted sex offender Jeffrey Epstein.
(END) Dow Jones Newswires
July 07, 2020 17:15 ET (21:15 GMT)
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