Air Canada, Canadian Government Reach Financing Deal 

Air Canada and the Canadian government struck a deal in which the Canadian airline will get access to billions in financing.

Antios Therapeutics Takes Aim at Hepatitis B With $96 Million Financing 

Biotechnology startup Antios Therapeutics has secured $96 million in venture capital to fund its quest to effectively cure people with chronic hepatitis B infections.

Nvidia Plans New Chip to Compete With Intel 

The graphics-chip giant said its first processor for data centers would operate 10 times faster than existing chips in a market currently dominated by Intel.

Jack Ma's Ant Group Bows to Beijing With Company Overhaul 

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China's central bank.

Microsoft to Buy Speech-Recognition Firm Nuance 

The $16 billion deal is one of Microsoft's biggest under CEO Satya Nadella as the company looks to expand its software offerings, including for healthcare.

U.K. to Examine Former Prime Minister Cameron's Greensill Role 

The U.K. announced an independent review into contracts it handed Greensill Capital and the role former Prime Minister David Cameron played in lobbying on the financing company's behalf just months before its collapse.

Uber Posts Record Demand for March 

Bookings for the entire business, which includes rides and food delivery, rose to the highest monthly level in Uber's history as Covid-19 vaccinations increased.

Great Value Storage Files for Chapter 11 to Block Foreclosure 

Company lost a bid last month to stop the sale of properties it said were damaged in the February storm in Texas and would be undervalued in a sale. More than half the company's properties are in Texas.

Cybersecurity Firm Darktrace Targets $4 Billion London IPO 

Darktrace said it aims to go public in London, hoping to cash in on growing demand for its software despite ongoing legal uncertainty over one of its leading backers.

Chip Shortage Is Bad for GM but Worse for Car Buyers 

The shortage of semiconductors is worsening, but might need to drag out indefinitely to have a more noticeable impact on auto stocks.


(END) Dow Jones Newswires

April 12, 2021 21:15 ET (01:15 GMT)

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