TikTok, Snapchat and YouTube Defend Child-Safety Record at Senate Hearing 
 

The social-media companies said they are taking steps to keep youngsters away from potentially harmful content online.

 
Eli Lilly Asks FDA to Approve Alzheimer's Drug 
 

The drugmaker has begun the process seeking approval to sell donanemab as a treatment for early-stage Alzheimer's based on results from a midstage study.

 
DraftKings Abandons $22 Billion Bid for Entain 
 

The U.S. sports-betting operator walked away from its offer to buy the British competitor, saying the decision followed negotiations with Entain's leadership.

 
GE's Profit Rises, but Shortages Crimp Sales 
 

Revenue increased in the company's jet-engine business as travel rebounded from the start of the pandemic, but its healthcare sales declined amid supply-chain disruptions.

 
Seagate Broke Export Curbs by Supplying Huawei, Senate Republicans Say 
 

Seagate supplied a substantial share of the Chinese company's annual purchases of hard-disk drives after tougher restrictions took effect, according to a report by Senate Republicans.

 
UPS Revenue Rises as It Ships Fewer Packages 
 

The delivery company's strategy has focused on moving packages and courting customers that generate stronger sales and profit.

 
UBS Earnings Driven Higher by Fees From Wealthy Clients 
 

UBS Group said fees from wealthy clients soared in the third quarter and its investment bank also reaped more revenue.

 
Microsoft Earnings Likely to Show Strong Growth From Cloud Usage 
 

The company's Azure cloud-computing service is but one of its businesses to benefit from the turn to remote work and schooling during the pandemic.

 
Theranos Dysfunction Apparent at Halfway Point of Elizabeth Holmes Trial 
 

Prosecutors have shown how the startup took shortcuts as technology failed but must convince jurors that Elizabeth Holmes intended to deceive.

 
Mucinex Owner Sees Surge in Demand as Colds, Flu Return 
 

Reckitt Benckiser said demand for its cold and the flu products was picking up as social distancing eases, helping it report stronger quarterly sales and raise its guidance for the year.

 
 

(END) Dow Jones Newswires

October 26, 2021 13:15 ET (17:15 GMT)

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