News Highlights: Top Company News of the Day
GameStop Stock Surges to Record
GameStop shares jumped in early trading, the latest sign that
frenetic trading by individual investors is leading to outsize
Moderna Developing Booster Shot Against Strain First Identified in South Africa
Moderna said its Covid-19 vaccine appeared to protect against
emerging strains in lab tests, but due to a weaker immune response,
the company will develop a booster shot targeting the variant first
identified in South Africa.
Merck Scraps Covid Vaccine Candidates
Merck is halting development of its two experimental Covid-19
vaccines, after early clinical-trial data showed the shots
generated disappointing immune responses against the virus.
Google Progresses Plan to Remove Third-Party Cookies
The Alphabet unit is pushing forward with its plan to remove a
widely used tracking technology from its Chrome web browser,
despite complaints from rivals that rely on it to target ads at
NBCUniversal's Peacock to Become WWE's Exclusive Streaming Home
World Wrestling Entertainment content will move to Peacock
starting March 18 in a deal worth more than $1 billion.
Diamond Offshore Strikes Restructuring-Plan Agreement
The restructuring plan would cut more than $2.1 billion of the
contract driller's debt.
New Yorker Gives Back National Magazine Award
The New Yorker magazine has given back a National Magazine Award
for an article about Japan's "rental family" industry, the first
return of an award in the 55-year history of the magazine
industry's highest honor.
Budweiser Skips Super Bowl Ad, Promises Vaccine Education Instead
Anheuser-Busch said it won't devote a Super Bowl commercial to
its flagship Budweiser beer brand this year for the first time
Caterpillar's Chinese Rivals Power Through the Pandemic
Sany Heavy and Zoomlion have gained market share in China while
their foreign competitors have been hobbled by Covid-19.
Microsoft Puts on Its Game Face
The software giant's results will reflect a big gaming quarter,
though console production constraints and low margins complicate
(END) Dow Jones Newswires
January 25, 2021 11:15 ET (16:15 GMT)
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