Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO 

The Chinese ride-hailing company looks to raise $3.9 billion at midpoint of its price range.

FedEx to Ramp Up Spending to Ease Delivery Delays 

The package giant plans to spend $7.2 billion in the current fiscal year to accelerate capacity expansion, modernize its fleet and facilities, and increase automation. FedEx suspended about 1,400 customers of its Freight shipping service earlier this month.

Nike Posts Highest Quarterly Sales 

The company's revenue doubled from pandemic depressed levels on pent-up demand for sneakers.

Twilio, Asana to List on Long-Term Stock Exchange in ESG Push 

The exchange hopes to be a signal to investors of which companies have sustainable practices.

Teamsters Union Votes to Help Organize Amazon Workers 

The resolution follows a failed unionization attempt by Amazon employees in Alabama.

Food Giant ADM Boosting Defense Against Hack Attempts, CEO Says 

The company has formed a ransomware task force and is running drills, its CEO says at The Wall Street Journal's Global Food Forum.

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 expedited review.

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 early 2022.

Microsoft Still Needs Windows to Shine 

Windows 11 marks first major update in six years, but the storied operating system continues to have an important role to play at the cloud-centric tech company.

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.


(END) Dow Jones Newswires

June 24, 2021 19:00 ET (23:00 GMT)

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