News Highlights: Top Company News of the Day
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
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
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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