Facebook Nears Purchase of Startup in Deal That Values It at $1 Billion 

Facebook is nearing a deal to buy Kustomer, which specializes in customer-service platforms and chatbots, according to people familiar with the matter.

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 data providers.

DoorDash Sets IPO Terms Pushing Valuation Above $25 Billion 

DoorDash plans to sell 33 million shares at $75 to $85 apiece in an initial public offering, giving the food-delivery company a valuation topping $25 billion.

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.

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 January.

GM Won't Take a Stake in Nikola 

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.

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 asthma.

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 states.


(END) Dow Jones Newswires

November 30, 2020 11:15 ET (16:15 GMT)

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