Netflix Tops 200 Million Subscribers for the First Time 

The streaming giant said it added 8.5 million subscribers in the fourth quarter, ending last year with an additional 37 million altogether.

Moderna CEO Expects 100 Million Vaccine Doses by End of March 

The drugmaker is on track to help meet President-elect Joe Biden's goal for his first 100 days in office, Chief Executive Stéphane Bancel said.

Banks Need a Pickup in Loans to Prosper 

Things may improve for banks, but without loan demand, revenue growth will still be hard to come by.

Companies Race to Develop Drugs That Stay Ahead of Mutations 

Covid-19 medicines currently on the market are cumbersome to use, and doctors worry that virus variants could make them less effective.

Electric-Truck Maker Rivian Raises $2.65 Billion Ahead of First Vehicle Launch 

The startup backed by Amazon and Ford is valued at $27.6 billion amid a continuing tear for electric-vehicle companies.

FedEx Plans to Cut Up to 6,300 Jobs in Europe 

The delivery company seeks to address the overlap resulting from operating two European networks connecting similar geographies.

How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited 

Faulty software set back a bid by the world's largest car maker for electric-vehicle dominance.

Goldman Profit More Than Doubles, Powered by Trading 

The Wall Street firm's revenue rose 18% above 2019's fourth-quarter level as it benefited from a relatively small loan book and heavy exposure to underwriting and trading securities.

Steak 'n Shake Taps Adviser for Possible Debt Restructuring 

The burger-and-milkshake chain has hired FTI Consulting for help addressing an upcoming debt maturity.

Microsoft Bets on Driverless-Car Space With Investment in GM's Cruise 

Microsoft is among a group of companies that will invest more than $2 billion in San Francisco-based Cruise, which has been majority owned by GM since early 2016. The financing brings Cruise's valuation to $30 billion.


(END) Dow Jones Newswires

January 19, 2021 17:15 ET (22:15 GMT)

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