News Highlights: Top Company News of the Day
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
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
(END) Dow Jones Newswires
April 12, 2021 21:15 ET (01:15 GMT)
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