Tesla Says Battery-Cell Squeeze Strains Semi Truck Production

Tesla says its production plan for its new electric Semi heavy-duty truck remains in a low gear because the battery cells the big rig needs are in short supply.

 
Novavax Vaccine Is 89% Effective Against Covid-19 in U.K. Study

The company has asked U.K. authorities to approve use of the vaccine based on the results. It is developing a booster shot, after the vaccine didn't perform as well in a South Africa study.

 
Visa tops earnings expectations and adds $8 billion to buyback program

Visa Inc. topped earnings and revenue expectations Thursday amid strong debit-card and online shopping trends, and the payments giant also announced a new $8 billion buyback program.

 
WeWork in Talks to Combine With SPAC or Raise Money Privately

A deal, more than a year after WeWork's high-profile failure to stage a traditional initial public offering, could value the company at some $10 billion.

 
Mastercard Posts Smaller Revenue Decline

The company's revenue fell 7% amid weak travel trends during the pandemic.

 
Apple, Facebook Trade Barbs Over Privacy-Focused Business Models

Tim Cook criticized app-tracking tools that he said turn consumers into an advertising product a day after Mark Zuckerberg accused Apple of using its platform to interfere with how Facebook apps work.

 
American, Southwest Post Record Losses

U.S. airlines lost nearly $35 billion last year as the coronavirus pandemic decimated travel.

 
Comcast's Profit Rises on Broadband-Business Strength

Comcast saw growth in its broadband business, but the Covid-19 pandemic continues to pressure the company's movie and theme-park units.

 
GM to Phase Out Gas- and Diesel-Powered Vehicles by 2035

Auto giant's plan to eliminate tailpipe emissions is part of a goal to be carbon neutral by 2040.

 
Facebook's Oversight Board Overturns Some Content Decisions

The 20-person panel noted issues with the company's use of algorithmic moderation.

(END) Dow Jones Newswires

January 28, 2021 17:15 ET (22:15 GMT)

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