News Highlights: Top Company News of the Day
U.S. Seeks to Pause J&J Shot After Rare Blood-Clot Cases
The FDA and CDC are reviewing data involving six reported cases
of blood clots, and the drugmaker said it would delay its European
rollout. The White House Covid-19 coordinator said the pause won't
have a major effect on vaccination efforts.
Credit Suisse Identifies $2.3 Billion at Risk in Greensill Funds
The Swiss lender flagged around $2.3 billion in problematic
loans in its Greensill Capital funds, giving investors in the funds
a more concrete sense of the size of their potential losses from
the U.K. firm's demise.
'Fortnite' Maker Epic Games Valued at Nearly $29 Billion in Funding Round
The videogame company raised $1 billion from new and existing
investors including Sony Group.
Jack Ma's Ant Group Will End Some Practices that Helped Fuel Its Growth
Ant Group built a complex financial ecosystem that captured huge
sums of money by supplying customers with credit and managing their
investments. Now, Beijing is forcing the financial-technology giant
to scale back.
Gap to Replace Longtime Credit-Card Issuer Synchrony With Barclays
The retailer's deal with the U.K. bank ends a 22-year
partnership with Synchrony, the largest U.S. issuer of store credit
CBS News Chief Zirinsky Nears Deal to Return to Production Roots
CBS News President Susan Zirinsky is nearing a deal to step down
after just two years in the role and sign a wide-ranging production
partnership with parent company ViacomCBS Inc.
Oil Majors Face Tough Choices Even With Higher Prices
The recovery in oil prices over the past year has eased
financial pressures on big producers, but not strategic ones. They
are still working out how to adjust their portfolios to a
Grab to Go Public in Record $40 Billion SPAC Merger
The "superapp" operator said it would go public on the Nasdaq by
merging with a special-purpose acquisition company, securing a
near-$40 billion valuation in a new milestone for the SPAC boom
that has swept markets.
Microsoft's Nuance Gambit Shows Healthcare Is Shaping Up as Next Tech Battleground
The companies' $16 billion deal is the latest sign that the next
battleground for technology giants will be in healthcare, an
industry whose need to embrace data and software was underscored by
GumGum Raises $75 Million From Goldman Sachs
The adtech company focuses on contextual advertising, as opposed
to ads that target people based on identifiable information.
(END) Dow Jones Newswires
April 13, 2021 11:00 ET (15:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.