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

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

Nike Posts Highest Quarterly Sales 

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

Seven Group Improves All-Cash Offer for Boral 

Seven Group Holdings Ltd. returned with an improved takeover offer for Boral Ltd. after the Australian building-materials supplier rejected an initial approach from its largest shareholder.

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.

Google, Facebook, Amazon Set to Fight House Tech Antitrust Package 

The Judiciary Committee approved far-reaching legislation to curb the market dominance of tech giants.

Air Force One Supplier GDC Heads Off Liquidation Threat From Creditors 

Boeing, which had been embroiled in litigation with GDC Technics, objected to its cash financing, but was overruled in a bankruptcy court hearing.

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.

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.


(END) Dow Jones Newswires

June 24, 2021 23:15 ET (03:15 GMT)

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