News Highlights: Top Company News of the Day
Glencore Faces Call From Activist to Sell Coal Assets
The commodities giant is the last of the world's large miners to
retain a presence in thermal coal, a currently lucrative business
but one seen by some as harmful to the environment.
Facebook Told to Sell Giphy by U.K. Regulator
The U.K.'s top competition regulator directed Meta Platforms,
formerly Facebook, to sell social-media animated-images company
Giphy, saying its acquisition could limit competition among
platforms and U.K. advertisers.
SoftBank Bets on Asian Metaverse Platform Selling Digital Gucci, Dior
SoftBank is investing $150 million in a South Korean platform
that has amassed a large following of young female users by selling
high fashion for 3-D avatars.
Covid Antibody Drugs Challenged by Omicron
Regeneron said its antibody drug cocktail was found to lose
effectiveness against the new variant, a sign that some therapies
might need modifying.
Merck's Covid-19 Pill to Be Reviewed by FDA Advisers
The panel's endorsement of the antiviral molnupiravir, from
Merck and partner Ridgeback, could open the door for FDA
authorization before the end of the year.
GE's Former Appliance Business Thrives Under Chinese Owners
Haier Group bought the business from General Electric in 2016
and has been adding jobs and increasing its U.S. market share.
EasyJet Cautious as Omicrom Threatens Recovery
UPDATED: EasyJet said it has seen some softening in business for
the first quarter of fiscal 2022, with good booking levels for the
second half, but cautioned it has prepared itself for a period of
uncertainty due to the Omicron variant of the coronavirus.
Volvo Cars Full-Year on Target as Supply Situation Improves
Volvo Cars reported lower third-quarter net profit as chip
shortages and Covid-19 outbreaks in Southeast Asia led to temporary
production halts, but the Swedish automaker backed its full-year
guidance on strong demand.
FDA Moving to Authorize Pfizer-BioNTech Booster for 16-, 17-Year-Olds
The agency could authorize Covid-19 boosters as soon as next
week as concerns rise over a new, possibly more transmissible
FTC Asks Amazon, Walmart for Information on Supply-Chain Issues
The Federal Trade Commission said that it is conducting a study
on supply-chain problems and shortages, as part of a study into
whether the problems have led to anticompetitive behavior and
(END) Dow Jones Newswires
November 30, 2021 07:15 ET (12:15 GMT)
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