News Highlights: Top Company News of the Day
Eli Lilly to Seek FDA Approval for Alzheimer's Drug
The drugmaker said donanemab, which is similar in ways to a
recently approved therapy from Biogen, has been designated for an
Google Delays Cookie Removal to Late 2023
The Alphabet unit said its Chrome internet browser will stop
supporting a user-tracking technology called third-party cookies by
late 2023, nearly two years later than its initial time frame of
Deutsche Bank Overhauls Anti-Financial Crime Operations
Deutsche Bank is making changes to its anti-financial crimes and
compliance teams following years of regulatory scrutiny and
enforcement actions, according to a recent internal memo.
Kiewit Corp. Pulls Out of $2.1 Billion Newark AirTrain Bid
The construction firm is locked in a dispute with Newark
Airport's operator over a separate project involving a $105 million
cost overrun for a new bridge.
Ad-Tech Company Innovid to Go Public Through Proposed SPAC Merger
The company is joining a flurry of businesses in the sector
JPMorgan Buys Stake in Robert Kraft's Sports-Data Company
The bank plans to use the heaps of data that flows from legal
sports betting, mobile ticketing and concession sales, among other
things, to advise clients looking to buy and owners trying to wring
more profit out of their teams.
Visa Buys Swedish Fintech Tink for More Than $2 Billion
Acquiring the startup would give Visa a foothold in the
fast-growing business of open banking, which connects consumers to
multiple financial institutions.
FedEx Suspended Service for 1,400 Freight Customers
The logistics giant suspended about 1,400 customers of its
Freight shipping service earlier this month, a move that surprised
customers and was aimed at easing a congested network.
Luminar's CFO Aims to Conserve Cash as Company Begins Commercial Production
Luminar Technologies, which makes sensors for autonomous cars,
is looking to boost production while building up a cash cushion on
its balance sheet.
House Panel Votes to Curb Tech Giants
Big tech firms, including Google and Facebook, lost the first
round in Washington after a House committee approved far-reaching
legislation to curb their market dominance. They will take the
battle over the proposed regulations and oversight to the House
floor and Senate.
(END) Dow Jones Newswires
June 24, 2021 13:15 ET (17:15 GMT)
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