Beijing Targets Data Collection in Short-Video, Job-Posting Apps

China has named more than 100 applications which it said were in breach of data-collection regulations, as the government widened the scope of its clampdown on the internet sector.

 
JD Logistics to Raise $3.17 Billion From Hong Kong IPO

JD Logistics Inc. is raising $3.17 billion from an initial public offering in Hong Kong as it plans to price the deal at the lower half of an indicative range, according to people familiar with the situation.

 
European Rival to Robinhood, Trade Republic, Raises $900 Million

Berlin-based Trade Republic said the Series C funding round was led by U.S. venture-capital firm Sequoia Capital and valued it at more than $5 billion.

 
Lawsuit Accuses McDonald's of Racially Discriminatory Ad Spending

Two companies owned by Byron Allen allege that the burger giant's ad spending disproportionately shortchanges Black-owned media outlets.

 
Chevron to Restart Israeli Natural-Gas Field After Cease-Fire

Chevron Corp. said it was restarting production at a key natural-gas field offshore Israel after a cease-fire was agreed between the Israeli government and Palestinian militant group Hamas.

 
Three Carnival Lines Plan to Resume Alaska Cruises in July

Carnival Corp. said it is planning to resume Alaska sailings in July, in what would be among the first sailings out of the U.S. since the onset of the Covid-19 pandemic.

 
Car Makers Won't Get Special Treatment in Chip Crunch

Commerce Secretary Gina Raimondo said she is looking for ways to help auto makers amid a global semiconductor shortage but won't prioritize them over other chip users, as the industry presses the Biden administration for assistance.

 
Purdue Pharma Warns Summer Bankruptcy Trial Could Be Delayed

Purdue Pharma said a summer trial over its multibillion-dollar bankruptcy exit plan could be delayed if the OxyContin maker is unable to resolve open challenges to its proposal.

 
Google to Open Its First Permanent Retail Store in New York City

The store near the company's Manhattan offices is designed to showcase Pixel phones, Fibit wearables and other items, in a bet on bricks-and-mortar retail as the pandemic eases.

 
Morgan Stanley Sets Up CEO Race

The bank assigned four senior executives to new roles, making them potential candidates to succeed James Gorman as chief executive.

(END) Dow Jones Newswires

May 21, 2021 05:00 ET (09:00 GMT)

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