News Highlights: Top Company News of the Day
Robinhood Prices IPO at $38 a Share
The investing platform's IPO is expected to start trading
Thursday in one of the year's highly anticipated deals.
Apple to Require Employees, Customers to Wear Masks in Many U.S. Stores
The company has also told workers in corporate offices to wear
masks regardless of vaccination status.
Pfizer Vaccine's Protection Against Covid-19 Declines After Six Months
Efficacy dropped to 84% from four months through up to six
months after the second shot. That compares with 96% between the
first week and two months after the second dose.
Qualcomm Sees Path Out of Chip Shortage Stretching Into 2022
The provider of key circuitry in almost a third of new 5G
handsets has secured more chip-making capacity at outside
manufacturers, but it warned that the supply crunch could drag into
XPO Logistics Appoints Insider as CFO Just Days Before Spinoff
The naming of Ravi Tulsyan to succeed David Wyshner comes as the
company readies to hive off its contract logistics business on
PayPal Boosts Outlook for Total Payment Volume, GAAP EPS
PayPal Holdings Inc. raised its total payment volume and GAAP
earnings guidance for the fiscal year.
SEC Weighs Making Companies Liable for Climate Disclosures
Chairman Gary Gensler has asked staff to consider whether
climate-related statements should be required in 10-K annual
J&J Talc Claimants Seek to Pre-Empt Company's Bankruptcy Strategy
A committee of injury claimants is seeking a bankruptcy-court
order prohibiting J&J from minimizing certain talc liabilities
Fortescue Ships Record Volumes but Warns on Costs
Fortescue Metals Group Ltd. said it shipped record annual
volumes of iron ore as it benefited from sky-high prices for the
steel ingredient, but that it continued to face pressure from
Vale's Profit Jumps on Higher Iron-ore Prices
Brazilian mining giant Vale SA's profit jumped in the second
quarter from a year earlier as the price of iron ore more than
doubled and demand from China was strong.
(END) Dow Jones Newswires
July 28, 2021 21:15 ET (01:15 GMT)
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