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 next year.

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 Monday.

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 reports.

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 through bankruptcy.

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 rising costs.

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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