News Highlights: Top Company News of the Day
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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