Tether Hit With $41 Million Fine in Latest Crypto Crackdown 

The CFTC accused the stablecoin giant of falsely claiming that it backed each of its digital tokens with an equivalent amount of U.S. dollars. Tether said the issues have since been corrected.

J&J Covid-19 Booster Shot Endorsed by FDA Advisers 

A panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the J&J vaccine should get the second dose at least two months later.

Moderna Vaccine for Adolescents Delayed as FDA Reviews Side Effect 

Moderna asked the Food and Drug Administration in June to expand use of the company's Covid-19 vaccine to 12-to-17-year-olds, but the agency has held off while it looks into the risk of myocarditis, a rare heart condition.

Goldman Sachs Profit Rises on Deal Bonanza 

The Wall Street bank said third-quarter profit jumped 60% to $5.38 billion as its investment bankers had their second-best quarter on record.

LinkedIn Social Network Is Leaving China, but Microsoft Remains 

Microsoft Corp. is shutting down LinkedIn in China, but its other businesses there-the Bing search engine, Teams videoconferencing, Azure cloud computing and Office 365-will remain to deal with Chinese authorities' tighter regulations.

Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup 

Former Goldman executives look to marry their expertise with retailer's consumers and data to offer financial services.

Cannabis Company Tilray Sets Blueprint for U.S. Expansion 

Tilray is one of several cannabis companies structuring U.S. acquisitions to stay within the bounds of their U.S. listings.

Facebook Should Clarify Terms of Service, Irish Privacy Regulator Says 

A draft ruling from Ireland's privacy regulator would require Facebook to change how it informs users about its data processing but disregards complaints that the social-media giant needs to obtain direct consent for its activities.

EA's Hot Season of Discontent 

The videogame publisher is heading into an anticipated record holiday season with questions hanging over two of its biggest franchises.

Starwood Capital Rakes in $10 Billion for Distressed Real-Estate Deals 

The private investment firm has already committed about $3.5 billion from the new fund in 25 deals, including a hotel chain and a clutch of 4,500 rental homes.


(END) Dow Jones Newswires

October 15, 2021 15:15 ET (19:15 GMT)

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