Standard Chartered 2020 Pretax Underlying Profit Dropped 40% 

Standard Chartered said its profit fell 40% in 2020, as sharply higher credit impairments and weak interest rates hurt profitability in a pandemic-struck year.

Autonomous Trucking Startup TuSimple Plans to Go Public in March 

Autonomous trucking company TuSimple, which gained momentum with hundreds of millions of dollars in financing from Chinese investors and U.S. freight-hauling companies, has filed paperwork to go public.

WeWork Co-Founder to Get Extra $50 Million in SoftBank Settlement 

WeWork co-founder and former CEO Adam Neumann is set to reap an extra $50 million windfall and other benefits as part of an agreement to settle a bitter dispute he and other early WeWork investors have waged with SoftBank, according to people familiar with the matter.

Facebook, Google Face 'Strong Pipeline' of Privacy Rulings in Europe 

The privacy regulator overseeing Facebook, Google and Apple in the European Union expects to boost its tally of big tech decisions this year-and rejects complaints that its enforcement has been too slow.

Moderna Says New Variant Vaccine Is Ready for Human Testing 

The biotech company has sent the NIH a first batch of doses of its newly designed shot that targets the coronavirus strain first identified in South Africa.

Citi Faces Hurdles to Retrieving $500 Million Revlon Goof 

Citigroup, though facing obstacles, still has options to try to recoup roughly $500 million wired by accident to Revlon lenders, legal experts say.

GameStop Shares Soar in Last Hour of Trading 

The stock was halted twice for volatility before finishing at $91.71. It last closed around that level on Feb. 3.

Boeing-FAA Ties Still Flawed After 737 MAX Reforms 

Aviation regulators need to strengthen their oversight of aircraft safety even after reforms undertaken in the wake of the two Boeing 737 MAX crashes, a government report has concluded.

Israeli Study Finds Pfizer Shot Equally Effective for Young and Old 

The Covid-19 vaccine from Pfizer and BioNTech is equally effective across all age groups, including those over 60, according to a new Israeli study, in a boost of confidence to global vaccine efforts.

Verizon Spends $45.5 Billion to Top 5G Spectrum Bidders 

The cellphone carrier pledged a record sum to secure airwaves for faster wireless service in a $81 billion FCC auction.


(END) Dow Jones Newswires

February 25, 2021 01:15 ET (06:15 GMT)

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