CVS and Walgreens Were Reeling From Pandemic, but Fortunes Have Changed 

The drugstore chains say business generated by Covid-19 vaccinations is helping them recover from the pandemic's impact on costs and revenue last year.

Funding for Bezos Space Company Fails to Launch in House 

Members from both parties made clear the Senate's $10 billion authorization was a nonstarter.

Tesco Sales Growth Slows in First Quarter 

Tesco's U.K. retail sales growth slowed to just 0.5% in the first quarter, as the boost from the coronavirus lockdowns began to fade, but the retailer maintained its profit outlook for the year.

U.S. FCC Proposes Fresh Ban on Equipment From Chinese Firms 

The Federal Communications Commission has proposed new rules that would prevent U.S. networks from using equipment made by Chinese companies deemed as national security threats, including Huawei and ZTE Corp.

Venture Capital's New Bet: Black Entrepreneurs 

Investors increasingly seek out diversity among company founders, leading to more support for Black-led funds and growing appetite to back startups led by people from groups that venture capital has historically overlooked.

Canada Vaccine Panel Changes Advice on AstraZeneca 

A Canadian vaccine panel said people who received a first dose of AstraZeneca's vaccine against Covid-19 should get a different vaccine for their second dose.

Altium Will Continue to Engage With Suitor Autodesk on Value 

Altium Ltd. Chairman Sam Weiss said the software firm will continue to engage with Autodesk Inc. following its rejection of the Nasdaq-listed firm's takeover proposal on valuation grounds.

Mitsubishi HC Capital to Buy CAI International 

Transportation finance company CAI International Inc. agreed to be sold to Mitsubishi HC Capital Inc. in a deal with an equity value of about $1.1 billion.

Hutchmed (China) Seeks to Raise More Than US$600 Mln in Hong Kong Listing 

Hutchmed (China) Ltd. is planning to raise more than US$600 million through a listing in Hong Kong, becoming the latest U.S.-listed Chinese company seeking to tap the Asian financial center's equity market.

Supreme Court Rules Cargill, Nestle Can't Be Sued in Child-Labor Case 

The high court decision by Justice Clarence Thomas said the plaintiffs were impermissibly seeking to apply the Alien Tort Statute beyond U.S. borders.


(END) Dow Jones Newswires

June 18, 2021 07:00 ET (11:00 GMT)

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