Credit Suisse Faces Banker Exodus After $5.5 Billion Archegos Hit 

At least 10 managing directors in the Swiss firm's U.S. investment-banking division have internally disclosed plans to leave, most for rival firms.

Fisker Reports Wider Loss 

Fisker Inc. reported a wider March quarter net loss as the electric-vehicle maker ramps up operations to start production of its first model in late 2022.

AT&T to Combine WarnerMedia Assets With Discovery 

The deal would merge the telecom giant's media assets, including CNN and HBO, into a new company, unwinding AT&T's big bet on entertainment after less than three years.

Elliott Urges Duke Energy to Consider Separation Into Three Companies 

The activist investor is seeking board seats at Duke and wants the company to form a strategic-review committee.

CVS, Target Drop Face-Mask Rules for Fully Vaccinated Customers 

The two companies joined other U.S. retailers that have changed their policies after federal health officials relaxed their guidelines.

Parler Names George Farmer as CEO as It Returns to Apple's App Store 

Mr. Farmer is succeeding interim chief Mark Meckler, who is leaving the company.

Goldman Taps Uber Executive to Run Its Consumer Bank 

Peeyush Nahar succeeds Omer Ismail, who left Goldman to run Walmart's new fintech startup.

Bright Machines Going Public in $1.6 Billion SPAC Merger 

The creator of a platform that uses artificial intelligence and robotics to automate tasks in manufacturing is combining with the SPAC SCVX.

Sanofi-GSK Covid-19 Vaccine Set for Large-Scale Trials After Positive Results 

France's Sanofi and U.K.-based GlaxoSmithKline said their vaccine candidate showed positive interim trial results and is expected to move into large-scale human trials soon, putting the long-delayed shot on track for potential regulatory approval later this year.

Apollo Hires Craig Farr to Head Capital-Markets Business 

Craig Farr is a veteran of Carlyle, KKR and Citigroup, and his hiring signifies the firm's push to expand the array of companies whose businesses it finances.


(END) Dow Jones Newswires

May 17, 2021 19:15 ET (23:15 GMT)

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