Philips Recalls Millions of Sleep Apnea, Ventilator Machines 

The company said that sound-damping foam in the breathing devices could degrade and be inhaled or swallowed.

Lordstown Motors May Be Running Into a Dead End 

Electric-vehicle startups that follow Tesla down the luxury route could have better chances of success.

Grocery Courier Boxed to Go Public in SPAC Deal 

Boxed and Seven Oaks said the deal would value the combined company at nearly $900 million and provide money to serve more households and businesses that started ordering groceries online during the pandemic.

Shell Considering Sale of Texas Shale: Report 

A disposal would help shrink the oil giant's net debt, which stood at $71 billion in March.

Novavax Covid-19 Vaccine Is 90% Effective in Key Study 

An experimental vaccine from Novavax was effective at preventing symptomatic disease in adults in a large clinical trial, results that move the shot a step closer to global use.

European Privacy Ruling Could Mean More Scrutiny of Companies 

Europe's top court is set to rule on whether national regulators can reach across borders.

Bitcoin on the Balance Sheet Is an Accounting Headache for Tesla, Others 

Tesla and other companies that hold the notoriously volatile cryptocurrency often must record impairment charges when its value falls.

Investors Crave More of Payments Company Stripe 

Shopify, Sequoia Capital and others bought about $1 billion of shares in fintech Stripe in a recent tender offer.

Toshiba to Appoint New Directors to Reform Corporate Governance 

Toshiba Corp. Board Chairman Osamu Nagayama said Monday that the company will look for new directors after a probe found it worked with the Japanese government against foreign shareholders.

Torrens Group Plans to Raise Over $900 Million in Australia IPO 

Torrens Group plans to raise $905.3 million in gross proceeds through an initial public offering in Australia, as the company seeks to tap new investors.


(END) Dow Jones Newswires

June 14, 2021 13:15 ET (17:15 GMT)

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