Lyft Says First-Quarter Ridership Improved 

The ride-hailing company reported 13.5 million active riders for the January through March stretch. That was up about 8% from the last quarter of 2020, though active riders were still down by more than one third year-over-year.

GE, AT&T Investors Reject CEO Pay Plans 

The nonbinding votes against the proposals for GE's Larry Culp and AT&T's John Stankey highlight investor displeasure with what some blue-chip companies paid leaders during the pandemic.

CME Group to Close Most of Its Trading Pits in Chicago 

Floor trading for agricultural commodities has existed in the Midwest hub since the middle of the 19th century.

As Decision on Trump Looms, Facebook Preps Its Advertisers 

On Wednesday, Facebook's oversight board will decide whether to allow Donald Trump back on its platform. The company has been reaching out to ad agencies to explain it has no sway over the board's ruling.

Hertz Picks New Front-Runners to Back Exit From Bankruptcy 

Hertz Global Holdings endorsed a bid from Knighthead Capital Management and Certares Management to back the company's exit from chapter 11, judging their restructuring proposal to be superior to a rival group's offer, people familiar with the matter said.

GDC Technics Gets Approval to Tap Bankruptcy Financing 

The bankrupt Air Force One supplier GDC Technics LLC has won court approval to start using up to $500,000 in emergency financing to cover operating costs as the aircraft modification and technology company figures out its next steps.

BioNTech Founders Expect Covid-19 Pandemic to Last Until Mid-2022 

The surge of coronavirus infections in developing countries amid a relative scarcity of vaccine supply means the pandemic will keep spreading until mid-2022, according to the inventors of the first Covid-19 vaccine authorized in the West.

Vaccine Sales Lift Pfizer's Quarterly Results 

The pharmaceutical company expects its Covid-19 vaccine to generate about $26 billion in sales this year, and the company said it is working on making the two-dose shot easier to administer and store.

Elizabeth Holmes Makes First Court Appearance in Over a Year 

The Theranos founder attended the first of three days of arguments over what can be presented to jurors at her criminal fraud trial, which is currently set for late August.

Zillow Group Reports 1Q Profit 

Zillow Group Inc. swung to a profit in the first quarter amid a strong housing market in many markets in the U.S. that is being fueled in part by lower interest rates.


(END) Dow Jones Newswires

May 05, 2021 01:15 ET (05:15 GMT)

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