News Highlights: Top Company News of the Day
Centene Settles With States Over Pharmacy Benefits Practice
The managed-care company agreed to pay about $88 million to Ohio
and $55 million to Mississippi and is establishing a $1.1 billion
reserve related to talks with other states.
Philips Recalls Millions of CPAP, Ventilator Machines
The company said that sound-damping foam in the breathing
devices could degrade and be inhaled or swallowed.
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.
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.
Washington Prime Seeks $950 Million Debt Cut in Bankruptcy
The mall owner had to cut rents during the Covid-19 pandemic,
keeping tenants out of bankruptcy but hurting its business.
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.
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
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.
(END) Dow Jones Newswires
June 14, 2021 19:15 ET (23:15 GMT)
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