News Highlights: Top Company News of the Day
Equitable Chairman Departs Over Communications That Didn't Meet Standards
The financial firm and its fund unit say they won't comment
further on Ramon de Oliveira's resignation. Equitable replaces him
with director Joan Lamm-Tennant.
Moderna Covid-19 Vaccine Data Shows Strong Response in Children
Moderna said it would submit the results from an interim study
to health regulators in the U.S., Europe and elsewhere in seeking
authorization for 6- to 11-year-olds.
Hertz Orders 100,000 Teslas
The car-rental company, recently emerged from bankruptcy under
new ownership, has ordered the vehicles by the end of 2022 as part
of plan to electrify fleet.
Facebook Whistleblower Calls for New Tech Laws in Europe
Frances Haugen tells U.K. lawmakers that social-media platforms
should be required to disclose actions to combat misinformation and
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker's pricing highlights investors'
unwillingness to lend traditional car makers the valuations enjoyed
by younger electric-vehicle companies.
HSBC to Buy Back $2 Billion in Stock as Profit Jumps
The London-based lender posted a surge in net profit as it
navigated rising geopolitical and property-market risks in
China Evergrande Says Work on Some Residential Projects Has Resumed
The highly indebted developer said construction was progressing
at some of its projects in southern China, as it tries to stave off
collapse and deliver homes it has promised to more than a million
Mark Cuban-Owned Company Launches Pharmacy-Benefit Manager
An employer group also is starting a company to manage
prescription-drug benefits as frustration mounts with the big PBMs
hired to control drug spending
The social-media company's ad sales are on track for a record,
even as global supply-chain shortages crimp ad spending.
Youth-Focused Digital Platform FaZe Clan Inks $1 Billion SPAC Deal
Backed by the singer Pitbull and other entertainment and sports
celebrities, FaZe Clan targets Gen Z and millennial consumers.
(END) Dow Jones Newswires
October 25, 2021 13:00 ET (17:00 GMT)
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