Airbnb IPO Terms Send Valuation as High as $35 Billion 

The San Francisco home-rental company plans to sell 50 million shares at $44 to $50 apiece.

Pfizer, Moderna Request Covid-19 Vaccine Authorization in Europe 

The announcement brings hope that the EU will soon be able to start vaccinating its 448 million people against a disease that has done some of its earliest and worst damage on the continent.

Micron Technology Raises 1Q Profit, Revenue Outlook 

Micron Technology raised forecasts for several key metrics for its fiscal first quarter.

Google, Facebook and Amazon Gain as Pandemic Reshapes Ad Spending 

For the first time, more than half of U.S. advertising spending is set to go to digital platforms, the world's largest ad buyer said, a reflection of marketers' strategy shift as the coronavirus pandemic pummeled the industry this year.

Nasdaq Proposes Board-Diversity Rule for Listed Companies 

The exchange operator said it aims to require listed companies to include women and people of diverse racial identities or sexual orientation on their boards.

Transocean Says It Resolved Alleged Debt Default 

The offshore-drilling contractor said it took steps to resolve allegations by bondholders that they were treated unfairly as the company took steps to ward off bankruptcy.

Sephora to Set Up Shop Inside Kohl's 

Sephora plans to install 850 shops inside Kohl's stores by 2023, upending the beauty retailer's longstanding partnership with J.C. Penney.

Reddit Claims 52 Million Daily Users, Revealing a Key Figure for Social-Media Platforms 

Reddit averaged 52 million daily active users in October, up 44% from the same month a year earlier.

Amazon Makes Mac Commitment, Opening Door to Apple Developers 

Tech giants Amazon and Apple are joining forces to support the growing number of companies developing apps and other software for Apple devices.

Credit Suisse Taps Lloyds Boss as Next Chairman 

Credit Suisse named António Horta-Osório as its next chairman, marking a changing of the guard after a decade under current chairman Urs Rohner punctuated by regulatory fines and scandal.


(END) Dow Jones Newswires

December 01, 2020 11:15 ET (16:15 GMT)

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