Peloton Faces Mounting Pressure to Recall Treadmills 

The chairwoman of a House subcommittee said treadmills pose "grave and immediate risks," resulting in dozens of injuries and at least one death. Peloton said it won't stop selling the machines.

Oprah-Backed Oatly Files for IPO 

The plant-based milk producer is backed by celebrities such as Oprah Winfrey and Jay-Z. The Swedish company entered the U.S. market in 2017 with its alternative dairy products that have grown in popularity.

United Reports $1.4 Billion Quarterly Loss as Carrier Looks for Rebound 

United Airlines Holdings Inc. reported weaker results than analysts were expecting for the first quarter as it looks for a broader rebound in demand as Covid-19 vaccines are distributed.

Drugmakers Accused of Causing Opioid Addiction in Trial 

J&J, Teva, Endo and AbbVie's Allergan said they acted legally.

IBM's Revenue Growth in Latest Period Beats Wall Street Expectations 

IBM posted higher revenue ahead of a landmark split of the business this year that is part of CEO Arvind Krishna's plan to revive growth at the veteran tech company.

Supreme Court Declines to Hear Tribune Co. Creditors' Challenge to 2007 Buyout 

The U.S. Supreme Court has closed the door on an attempt by creditors of the former Tribune Co. to claw back billions of dollars in shareholder profits that flowed from its 2007 leveraged buyout, about a year before the publisher filed for bankruptcy.

Apple to Reinstate Parler App 

The company has excluded user downloads of the social-media app Parler since January, citing objectionable content.

Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses 

John Dabbs and Ryan Nelson are leaving the Swiss bank following a loss tied to the collapse of hedge-fund Archegos Capital Management.

Elon Musk Weighs in on Fatal Tesla Crash as Safety Officials Investigate 

Local authorities believe the Tesla Model S was operating without anyone in the driver's seat when it crashed into a tree Saturday night near Houston, killing both occupants.

Nvidia's $40 Billion Deal to Buy Arm Faces U.K. National-Security Probe 

The British government said it would investigate Nvidia's $40 billion deal to buy British chip designer Arm from SoftBank, widening the regulatory scrutiny of the proposed transaction.


(END) Dow Jones Newswires

April 19, 2021 21:15 ET (01:15 GMT)

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