Universal Music Shares Soar in Market Debut 

Shares of the company behind stars including Taylor Swift, Drake and the Beatles rose 38%, a strong vote of confidence from investors in continued growth in the music industry.

Shell to Sell Permian Assets to ConocoPhillips for $9.5 Billion 

The sale is one of the biggest recent transactions in the shale patch as large oil companies come under increasing pressure to diversify beyond fossil fuels.

APA Rivals Brookfield Bid for AusNet 

APA Group set a deadline of one week for AusNet Services Ltd. to allow due diligence access after saying it is willing to trump an existing takeover proposal made by Brookfield Asset Management.

Honeywell at Odds With Asbestos Trust Over Bankruptcy Deal 

Honeywell International is locked in a standoff over asbestos payments with a bankruptcy trust that has accused the industrial conglomerate of "bullying and extortionate tactics" to settle injury liabilities for less than full value.

Flying Taxis' Best Ride Is to the Helicopter Market 

Helicopter operator Bristow has just preordered up to 50 vehicles from British startup Vertical Aerospace.

Shopping Online Is Getting More Expensive 

FedEx will raise shipping rates at the fastest pace in nearly a decade, adding to pressure on retailers to pass costs to customers.

SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures 

Federal regulators have launched an investigation into Activision Blizzard, including how the videogame company handled employees' allegations of sexual misconduct and workplace discrimination.

GM to Replace Batteries in Recalled Chevy Bolts 

Dealerships are scheduled in mid-October to begin fixing Chevrolet Bolts that were recalled for fire risk, although many owners of the electric car likely will have to wait months.

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. Pfizer will seek emergency use authorization in the U.S. as early as the end of the month.

Freshworks Shouldn't Spoil on Delivery 

The cloud-software company's IPO should stand out for its reasonable valuation and path to profitability.


(END) Dow Jones Newswires

September 21, 2021 05:15 ET (09:15 GMT)

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