News Highlights: Top Company News of the Day
Vaccine's Development Won't Be Swayed by Politics, Pfizer CEO Says
Pfizer's chief executive sought to assure the drugmaker's
employees that their experimental Covid-19 vaccine wouldn't be
influenced by politics, two days after President Trump mentioned
the company during the debate.
Mortgage Lender Caliber Home Loans Prepares for an IPO
Caliber Home Loans is preparing for an initial public offering
that could value the company, one of the largest U.S. mortgage
lenders, at more than $2 billion.
2020 Is Proving How Much MSNBC's Ratings Hinge on Politics
MSNBC fell behind cable news rivals in the key demographic when
coronavirus and racial justice took center stage, and NBCUniversal
News Group's new chairman isn't satisfied with third place.
Palantir, Asana Show Jury Still Out on Techs Going Direct
Software companies see first-day gains but garner lower
multiples than recent software IPOs.
BitMEX Co-Founders Charged With U.S. Rules Violations
Four executives of one of the world's largest exchanges for
trading cryptocurrency derivatives have been charged with violating
U.S. anti-money-laundering rules as authorities ramp up enforcement
General Motors' Credit Card, Brought to You by Goldman Sachs
Goldman Sachs won the bidding over Barclays, handing the Wall
Street firm more than a million GM cardholders and their roughly
$8.5 billion in annual spending.
All Remdesivir Supplies to Be Distributed in U.S. by Maker Gilead
The U.S. government is relinquishing control over supplies of
remdesivir, the Covid-19 drug made by Gilead Sciences that had been
in shortage since it was authorized for emergency use in May.
U.S. Auto Sales Show Signs of Recovery in Third Quarter
General Motors' U.S. sales fell for the third quarter but showed
signs of strengthening as the American auto industry continued to
recover from the coronavirus-related lockdowns that stalled
business this spring.
PepsiCo Sales Snap Back From Pandemic
Strong global snack and food sales and improvement in PepsiCo's
beverage business drove revenue growth in the latest quarter.
Boeing to Consolidate 787 Dreamliner Production in South Carolina
The plane maker said it is ending production of the popular
wide-body jet in the Seattle area after more than a decade and
plans to consolidate assembly of the aircraft at its North
Charleston, S.C., factory next year.
(END) Dow Jones Newswires
October 01, 2020 17:00 ET (21:00 GMT)
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