News Highlights: Top Company News of the Day
Facebook to Acquire Startup Valued at $1 Billion
Facebook is buying Kustomer, which specializes in
customer-service platforms and chatbots.
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
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
The drugmaker is seeking U.S. and European regulators'
authorization for its Covid-19 vaccine after it was shown to be
94.1% effective, keeping it on track to go into use in the U.S. by
year's end, alongside Pfizer and BioNTech's 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
GM Won't Take Stake in Nikola
The auto maker will no longer take an equity stake in the
electric-truck maker under a stripped-down agreement, a significant
retrenchment from an earlier pact that fueled investor enthusiasm
for both companies.
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
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
(END) Dow Jones Newswires
November 30, 2020 13:00 ET (18:00 GMT)
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