GameStop Stock Surges to Record 

GameStop shares jumped in early trading, the latest sign that frenetic trading by individual investors is leading to outsize stock-market moves.

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 individuals.

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 since 1983.

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 the story.


(END) Dow Jones Newswires

January 25, 2021 11:15 ET (16:15 GMT)

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