News Highlights: Top Company News of the Day
Microsoft Names CEO Satya Nadella Board Chairman
Mr. Nadella took over as chief executive in 2014 and helped
restore the software giant's fortune in part by betting on the
company's cloud-computing business.
CureVac Covid-19 Vaccine Candidate Disappoints in Key Study
The vaccine was 47% effective in an analysis of a trial, says
the company, which attributed the poor performance to variants.
Purdue Pharma Bankruptcy Probe Will Examine Board Committee's Independence
A New York bankruptcy judge has authorized the appointment of an
examiner to review the independence of a Purdue Pharma LP board
committee from the Sackler family members who own the OxyContin
Mallinckrodt Prepares to Poll Creditors on Bankruptcy Exit Plan
Drugmaker Mallinckrodt is preparing to poll creditors on a
bankruptcy reorganization plan that proposes settling thousands of
opioid lawsuits for $1.6 billion, keeping the company on track to
exit chapter 11 later this year.
Blackstone Group Makes $3.05 Billion Offer for Soho China
Blackstone Group Inc. has made an offer to buy commercial
properties operator Soho China for $3.05 billion as the U.S.
private-equity firm seeks to build its real-estate investment
portfolio in China.
Justice Department Sues to Block Aon Acquisition of Willis Towers Watson
An antitrust lawsuit alleges insurance broker Aon's proposed $35
billion acquisition of rival Willis Towers Watson would lead to
higher prices and stifle innovation.
Royal Caribbean Postpones July Cruise After Crew Members Test Positive for Covid-19
The delay shows that positive cases on board could disrupt
GM Raises Electric-Car Bet
General Motors said that it will boost spending on electric and
autonomous vehicles to $35 billion through 2025, an increase that
reflects plans to add two more battery factories in the U.S.
Morgan Stanley Hires Greg Weinberger Away From Credit Suisse
The investment banker's departure comes as the Swiss bank deals
with losses tied to the meltdown of Archegos Capital
Waymo Raises $2.5 Billion in Funding Round
Alphabet's self-driving affiliate said it wants to continue
developing its Waymo Driver autonomous-driving system.
(END) Dow Jones Newswires
June 16, 2021 23:00 ET (03:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.