News Highlights: Top Company News of the Day
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
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
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 07:15 ET (11:15 GMT)
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