News Highlights: Top Company News of the Day
Pfizer Slashed Vaccine Rollout Target After Supply Obstacles
Pfizer and partner BioNTech had hoped to roll out 100 million
vaccines world-wide by the end of this year, a plan that has since
been reduced to 50 million.
Moderna Expects to Produce Up to 145 Million Vaccine Doses by April
Moderna disclosed new details about the expected supply of its
Covid-19 vaccine, indicating it could provide enough by the end of
March to immunize as many as 60 million people in the U.S. and 12.5
million outside the U.S.
Huawei CFO in Talks With U.S. to Resolve Criminal Charges
The Justice Department is discussing a deal that would allow
Meng Wanzhou to return home to China from Canada, in exchange for
admitting wrongdoing in a criminal case that has strained Beijing's
relations with the U.S.
Justice Department Accuses Facebook of Favoring H-1B Workers in Hiring
A lawsuit accuses the social-media company of illegally
reserving high-paying jobs for immigrant workers it was sponsoring
for permanent residence and of failing to adequately search for
Rolls-Royce Prunes Civil Aerospace Business for Potential Sale
As the pandemic continues to roil the travel industry,
Rolls-Royce Holdings is looking at its civil aerospace business
with an eye to unlocking new growth and capabilities, and
eventually selling it altogether.
Prominent AI Researcher Says Google Fired Her
Timnit Gebru says she was fired after she refused to retract a
research paper and complained about Google in an email to
Capital One CFO to Leave for Health-Insurance Startup
Capital One on Thursday said Chief Financial Officer R. Scott
Blackley resigned, effective March 1. He will take up his new post
as the CFO of Oscar on March 16, the insurance provider said.
Blue Moon Group Plans Up to $1.27 Billion Hong Kong IPO
China-based Blue Moon Group Holdings plans to raise as much as
$1.27 billion through an initial public offering in Hong Kong, the
latest firm seeking to test investors' appetite in the active
equities fundraising market.
Some Companies Aren't Recognizing, Mitigating AI's Potential Pitfalls
For companies to mitigate the potential pitfalls associated with
artificial intelligence projects, they first have to recognize
risks associated with adopting the technology. Recent findings from
consulting firm McKinsey & Co. show that many firms are behind
on both fronts.
U.S. Coal Industry Sends Two More Producers to Bankruptcy
Falling demand for U.S. coal during the coronavirus pandemic
continues to take a heavy financial toll on the industry, tipping
two more coal production companies into bankruptcy.
(END) Dow Jones Newswires
December 04, 2020 05:15 ET (10:15 GMT)
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