News Highlights: Top Company News of the Day
Morgan Stanley Books Archegos Loss, but Profit Hits New High
The bank lost $911 million when Archegos Capital Management
imploded last month, tarnishing a record-setting quarter.
Apple Music Reveals How Much It Pays When You Stream a Song
The company pays the music industry a penny per stream on its
service, a disclosure it made as part of an effort by
music-streaming services to show they are artist-friendly.
Indianapolis Mass Shooting Leaves at Least Eight Dead at FedEx Facility
A man shot and killed eight people at a FedEx facility in
Indianapolis before apparently killing himself in the latest in a
string of high-profile U.S. shootings.
Hertz Bankruptcy Bidding War Heats Up With New Counteroffer
Knighthead Capital Management and Certares Management, which
previously offered to buy Hertz out of bankruptcy but were eclipsed
by a competing group, returned with a sweetened bid.
Toshiba Shareholders May Finally Get Their Due
Storied Japanese company Toshiba has a long history of
governance problems, but the prospect of a bidding war means things
could finally be looking up.
J&J Privately Asked Rival Vaccine Makers to Probe Clot Risks
AstraZeneca was interested in joining forces to investigate the
safety issue and communicate vaccine benefits and risks, but Pfizer
and Moderna didn't see the need for group action.
Mercedes-Benz Faces an Open Road Today, Traffic Tomorrow
Two exceptionally profitable quarters for the luxury-car brand
highlight what Daimler has to lose from the transition to electric
Lilly Seeks to End U.S. Use of Single Covid-19 Antibody Drug Alone
The drugmaker said it will distribute a drug cocktail containing
bamlanivimab and a second antibody, etesevimab, that studies
indicate together neutralize more of the emerging Covid-19
Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman
The appointment is the firm's latest maneuver as it prepares for
a U.S. initial public offering later this year.
Annual Covid-19 Vaccine Booster Shots Likely Needed, Pfizer CEO Says
Due to variants of the coronavirus, people likely will need a
booster shot within a year to suppress the pool of those
individuals susceptible to Covid-19, Pfizer Chief Executive Albert
Bourla said Thursday.
(END) Dow Jones Newswires
April 16, 2021 11:00 ET (15:00 GMT)
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