News Highlights: Top Company News of the Day
Twitter Posts Strong Ad Revenue Growth Despite Apple Privacy Updates
Twitter largely dodged turmoil in the digital advertising market
from new Apple app privacy policies and supply-chain disruptions as
it reported a 37% jump in third-quarter revenue.
Microsoft Earnings, Sales Up Sharply
The company's Azure cloud-computing business has thrived on the
turn to remote work during the pandemic.
Robinhood Revenue Falls on a Drop in Crypto Trading
Fees tied to stock and options trades ticked down slightly at
the popular app, while revenue tied to cryptocurrency trading
tumbled 78% to $51 million.
Boeing's Dreamliner Pain Spreads To Suppliers
The plane maker's manufacturing problems with its 787 Dreamliner
are creating challenges for suppliers who expect production of the
wide-body jets to remain low into next year.
Elon Musk Defies a Car Industry Mantra With Tesla-Hertz Deal
Sales to car-rental firms were long considered a bad sign for
auto makers. Tesla has turned it into a success with its agreement
to supply Hertz 100,000 vehicles.
Payments Company Stripe Is Kick Starting Market for Carbon Removal
Payments company Stripe is putting up millions to be first in
line for carbon-removal technology still being developed.
Senators Turn Child-Safety Spotlight on TikTok, Snapchat and YouTube
A TikTok executive is questioned over algorithms blamed for
steering young users to harmful content.
JPMorgan's $30 Billion Racial Equity Pledge, One Year Later
The bank said it has committed $13 billion in loans and
spending, with the bulk going to affordable housing.
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.
(END) Dow Jones Newswires
October 26, 2021 17:15 ET (21:15 GMT)
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