Moderna Turns First-Ever Profit, Boosted by Its Covid-19 Vaccine 

The vaccine brought Moderna revenue of $1.73 billion in the first quarter, and Moderna expects to deliver more doses in the April-to-June period.

Ant Looks to Revamp a Controversial Business Without Sparking an Outcry 

Ant Group, which has pledged to get all its financial services fully regulated, is exploring ways to revamp its popular "mutual-aid" product.

Bud Brewer Taps U.S. Chief as New CEO 

Anheuser-Busch InBev appointed the head of its North American business as its new chief executive, tapping a company veteran to reinvigorate sales growth and lead it out of the pandemic.

Societe Generale Strong Trading Powers First-Quarter Beat 

Societe Generale said it expected bad-loan provisions for the year to fall significantly after it beat expectations in the first quarter, as its global markets business had the best quarter in years and the bank slashed the money it stowed away for potential loan losses.

UniCredit's Strong Trading, Low Provisions Fuel 1Q Beat 

UniCredit posted better-than-expected results for the first quarter as strong trading and falling provisions offset a decline in net interest income.

Volkswagen Lifts 2021 Profit Guidance After 1Q Revenue, Earnings Rise 

Volkswagen lifted the full-year outlook for its operating margin after posting an increase in revenue and earnings for the first quarter.

Nintendo Projects 29% Fall in FY Net Profit on Likely Slower Switch Sales 

Japanese videogame company Nintendo projected a 29% fall in fiscal-year net profit, as it expects slower sales of Switch consoles and software following a video game boom caused by the coronavirus pandemic.

Uber's Speed Could Limit Lyft 

Ride-hailing companies' recovery is stalling in some places, but Uber appears to be pulling ahead.

KKR to Invest in Charter Next Generation, Joining Leonard Green 

As part of the deal, the two private-equity firms have agreed to make all of Charter Next Generation's roughly 1,700 employees owners of the business.

Pandemic Payment Habits Are Looking Sticky 

After a blockbuster 2020, the biggest question mark surrounding PayPal and other digital-payment companies was whether things would return to normal in 2021. So far, there is little sign of that.


(END) Dow Jones Newswires

May 06, 2021 09:15 ET (13:15 GMT)

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