News Highlights: Top Company News of the Day
Twitter to Pay $809.5 Million to Settle Securities Suit
The consolidated class-action securities lawsuit alleged the
social-media company deliberately misled investors about user
engagement in 2015.
Fidelity Taps Joanna Rotenberg to Head $4 Trillion Personal-Investing Business
The appointment of Ms. Rotenberg, who was at Canada's BMO
Financial Group, comes amid wave of stock trading by individual
AstraZeneca Breast Cancer Drug Found to Reduce Risk of Dying
The drug maker said Enhertu significantly reduced the risk of
death or disease progression in women with advanced disease in a
large clinical trial, the latest sign that its push into oncology
is starting to pay off.
Allianz Asset-Management Head in Talks to Depart
Jacqueline Hunt is in talks to leave the company as it navigates
a Justice Department probe into a group of investment funds that
suffered steep losses last year.
Pfizer, BioNTech Say Vaccine Is Safe for Young Children
The companies said the Covid-19 vaccine generated levels of
antibodies that were similar to those of younger adults, meeting
the study's measurements of success.
Freshworks Shouldn't Spoil on Delivery
The cloud-software company's IPO should stand out for its
reasonable valuation and path to profitability.
CVS Makes Hiring Push Amid Worker Shortage, Demand for Vaccines
The largest U.S. pharmacy chain by stores said it plans to add
25,000 employees this week in a single-day hiring spree to prepare
for a potential surge in demand for Covid-19 booster shots.
Rising Energy Stocks Defy Market's September Slide
Shares of oil-and-gas companies are leading the S&P 500's 11
sectors so far this month, rising nearly 2%. The broad U.S.
stock-market index, meanwhile, has fallen 2%, stung by losses
across nearly all of the other segments.
Workers End Strike at Mondelez International
Workers at Mondelez International have ended a weekslong strike
as union members overwhelmingly accepted a new four-year
Oil Companies to Be Sidelined at U.N.'s Climate Conference
While retailers, tech companies and consumer products makers
have been named as "principal partners" for COP26 in Glasgow, oil
majors like BP and Shell will have a lower profile.
(END) Dow Jones Newswires
September 20, 2021 13:15 ET (17:15 GMT)
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