House Bills Seek to Break Up Amazon and Other Big Tech Companies 

Lawmakers proposed a raft of bipartisan legislation aimed at reining in Big Tech, including a bill that seeks to make the e-commerce giant and others split into two companies or shed some of their products and services.

AMC Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders 

Mudrick Capital's flagship fund lost 10% in just a few days, highlighting how risky retaining significant exposure to such stocks can be.

FDA Approves Export of Covid-19 Vaccine Doses From Troubled Plant 

The agency said 10 million doses produced at the factory can be exported, but that 60 million doses were at risk of contamination and can't be used.

Boeing Offloads Unclaimed MAX Jets as Travel Recovers 

The recovery in domestic air travel is helping the plane maker find new homes for jets whose original buyers walked away or collapsed during the pandemic.

Burberry's Stricter Climate-Change Target Puts Suppliers in the Spotlight 

The luxury brand aims to nearly halve carbon-dioxide emissions across its supply chain in the next decade, tightening its previous goal of a 30% drop.

BP Considers Spinning Off Iraq Operations 

Oil giant weighs whether to move its interest in the giant Rumaila oil field into a stand-alone company as it tries to pivot toward lower-carbon energy.

McDonald's Hit by Data Breach 

The hack exposed some U.S. business information and customer data in South Korea and Taiwan, the company said.

Saudi Aramco Borrows Again to Fund Dividend Pledge 

The return to the global debt markets demonstrated the oil giant's need to raise cash despite high energy prices, as it issued its inaugural dollar-denominated Islamic bond to meet a dividend pledge and complete a costly acquisition.

Philip Morris Is Buying Back Stock, and More Reasons the Price Can Keep Climbing 

The company plans a three-year buyback program of $5 to $7 billion. Piper Sandler analyst Michael Lavery reiterated an Overweight rating on the stock.

PG&E Warns of More Blackouts During California's Wildfire Season 

The state's largest utility said a new shut-off criteria and California's dry weather conditions could lead to more power cuts than in 2020, especially if seasonal winds are as strong as they have been in recent years.


(END) Dow Jones Newswires

June 11, 2021 19:15 ET (23:15 GMT)

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