News Highlights: Top Company News of the Day
J&J Covid-19 Vaccine Pause Poses Another Test for Balancing Pandemic Risks
The pause that regulators have recommended in the rollout of
Johnson & Johnson's Covid-19 vaccine may leave some people
exposed to the virus for longer, but it could also boost public
confidence in vaccination.
How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses
A heavyweight in retail, cloud computing, digital advertising,
streaming and smart speakers, the tech giant compels vendors in one
market to engage with it in others. "Most businesses can't afford
to say no."
JPMorgan Profit Soars After Bank Releases Reserves for Bad Loans
The bank released $5.2 billion it had previously set aside to
cover soured loans. A year ago, it stockpiled billions of dollars
to prepare for the pandemic's effect on the economy.
American Airlines Plans Expanded Summer Flying Schedule
The carrier is anticipating that widespread vaccination will
unleash appetite for travel.
Wells Fargo Earnings Jump as Economy Bounces Back
Wells Fargo posted a profit of $4.74 billion for the first
quarter, up from $653 million a year earlier, after it released
some of the money it put aside for bad loans earlier in the
Goldman Profit Rises Sharply on Strong Trading, Deal Making
The bank reported record profit and revenue in the first
quarter, benefiting from a turbocharged market and an economic
Analysis: Tod's Breaks New Ground With Influencer Director
The appointment to the board of Chiara Ferragni has led to a
share rally, and shows the growing importance of such figures in
EU Orders Extra Pfizer Vaccines Amid J&J Suspension
The European Union, grappling with the potential loss of Johnson
& Johnson Covid-19 vaccines, will buy an additional 50 million
doses from BioNTech and Pfizer for the quarter, and is in talks to
purchase up to 1.8 billion more doses over the next two years.
Hundreds of Companies, CEOs Band Together on Voting Access
Amazon, JPMorgan, Netflix and others signed a new statement to
defend voting access, in the latest corporate response to a wave of
voting bills under consideration across the U.S.
Luxury Brands Are Helped By a Lack of Other Spending Options
For an industry traditionally dependent on tourism and consumer
optimism, many luxury brands have done surprisingly well during the
pandemic. A caveat is that shoppers will soon have more choice
about where to spend their cash.
(END) Dow Jones Newswires
April 14, 2021 11:15 ET (15:15 GMT)
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