News Highlights: Top Company News of the Day
Pfizer, BioNTech to Donate Covid Vaccines to Tokyo Olympics Athletes
Participants in the Tokyo Olympics and Paralympics will have
access to donated doses of Pfizer Inc. and BioNTech SE's Covid-19
vaccines, the International Olympic Committee said.
VW Has the Profit to Take On Tesla. Does It Have the Talent?
The German giant reported solid first-quarter results, but they
say little about the nascent electric-vehicle business investors
care most about.
Moderna Turns First Profit, Boosted by Its Covid-19 Vaccine
The vaccine brought Moderna revenue of $1.73 billion in the
first quarter, but the prospect of a temporary loss of vaccine
patents clouds investors' outlook.
BlackRock at Odds With Warren Buffett's Berkshire Hathaway
BlackRock's support of two shareholder-led proposals highlight
the growing tension between asset managers who are calling for
companies like Berkshire Hathaway to further emphasize ESG issues
and executives such as Warren Buffett who are pushing back.
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
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
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.
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
Uber's Speed Could Limit Lyft
Ride-hailing companies' recovery is stalling in some places, but
Uber appears to be pulling ahead.
(END) Dow Jones Newswires
May 06, 2021 11:00 ET (15:00 GMT)
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