JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K. 

The U.S. lender is entering a crowded digital banking marketplace in the U.K., having agreed to purchase digital wealth manager Nutmeg.

TikTok Owner ByteDance's Annual Revenue Jumps to $34.3 Billion 

ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff.

Lordstown Clarifies That Vehicle Purchase Agreements Aren't Binding Orders 

The disclosure comes days after the electric-truck startup's president said the company had 'pretty binding' preorders and enough interest from potential buyers to sustain factory output through the end of 2022.

Danaher to Buy Aldevron From EQT for About $9.6 Billion in Cash 

Stockholm-based EQT in 2019 acquired a majority stake in Aldevron from fellow private-equity firm TA Associates, which retained a minority interest

China Steps Up Antitrust Pressure on Internet Firms 

Government agents have made on-site inspections, during which they questioned company executives, downloaded financial records and collected internal communications.

Airbnb, Vrbo Battle for More Vacation Cabins as Travel Rebounds 

With demand for vacation-home rentals near beaches, lakes and national parks staying high as the economy reopens, short-term rental platforms are finding ways to sign up more hosts and increase listings.

Ending the Cycle of Scandal at Toshiba 

Toshiba shareholders finally have a chance to clear out the ailing Japanese company's board following explosive revelations of shady governance.

CureVac Value Halves in Reminder of Vaccine Research Risks 

Plunge in share price comes after company released disappointing interim trial results for its Covid-19 vaccine.

Cambridge Mobile Buys Rival as Telematics Helps Set Car-Insurance Payments 

The deal with TrueMotion aims to create improvements to existing services sold to auto insurers as well as new products.

Grocery Delivery Idea Looks Far From Fresh 

In the hypercompetitive grocery space, Boxed Inc.'s success seems highly dependent on its technology.


(END) Dow Jones Newswires

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

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