News Highlights: Top Company News of the Day
Facebook, Google to Face New Antitrust Suits in U.S.
Big Tech's legal woes are expected to worsen in the coming weeks
as federal and state antitrust authorities prepare to file as many
as four more cases targeting the tech giants by the end of
S&P Global Agrees to Buy IHS Markit
S&P Global has agreed to acquire IHS Markit for about $44
billion in a deal that would combine two of Wall Street's largest
GM, Nikola Agree to Scaled-Down Supply Agreement
The auto maker will supply fuel cells to Nikola for commercial
trucks but will no longer take an equity stake in the
electric-truck startup under a stripped-down agreement.
Credit Suisse Spied on More Employees Than Previously Disclosed
Lawyers hired by Credit Suisse in the aftermath of a spying
scandal last year found two earlier instances of employees being
followed by private investigators, despite the bank's assertions
that it doesn't condone physical surveillance.
Moderna to Ask FDA to Authorize Vaccine
Moderna will ask U.S. and European health regulators today to
authorize use of its Covid-19 vaccine after it was shown to be
94.1% effective in a full analysis of a pivotal study, keeping it
on track to go into use in the U.S. by the end of the year,
alongside the Pfizer and BioNTech vaccine.
Kinaset Therapeutics Launches With $40 Million Series A to Advance Asthma Drug
The biotech startup secured backing from 5AM Ventures, Atlas
Venture and Gimv to develop a drug for people with severe
Airbnb, DoorDash Aim for Higher-Than-Expected Valuations
Airbnb is planning to target a range of around $30 billion to
$33 billion when the home-rental startup kicks off its investor
roadshow. DoorDash, meanwhile, plans to target a range of around
$25 billion to $28 billion.
GM's Closed Lordstown Factory Spawns a Wave of Industrial Migrants
The car maker's Lordstown plant was once a symbol of economic
might. It's now a symbol of the economic struggles of those in
factory jobs, with many of its former workers leaving their
families behind in Ohio in search of good pay and benefits in other
Tesla's S&P 500 Debut Is Set to Put $100 Billion in Motion
The addition of a $555 billion company prone to huge price
swings is so daunting that S&P is considering adding Tesla's
weight over two separate trading days.
Grocery-Store Pharmacies Get Ready to Administer Covid-19 Vaccines
Grocers say they are well-positioned to provide Covid-19
immunizations because a large share of the population lives near
one of their stores and their pharmacies regularly offer shots for
flu, shingles and other illnesses.
(END) Dow Jones Newswires
November 30, 2020 09:15 ET (14:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.