News Highlights: Top Company News of the Day
Glaxo's Antibody Drug Found to Be Effective Against Omicron
The antibody treatment was effective against the variant in
early laboratory studies, setting it apart from similar therapies
that appear to work less well against the highly mutated
Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger
Opal converts methane emissions from landfills and dairy farms
into renewable natural-gas fuel for trucking customers like UPS. It
is valued at $2 billion in its SPAC deal.
WeWork to Restate Results Due to Error With Its SPAC Acquirer
WeWork said in a securities filing that it would restate several
quarters of results, including its latest quarter's, and that
management has concluded there was a material weakness in its
FAA Chief Steve Dickson Takes On Fight Over 5G and Aviation Safety
The cautious regulator is at odds with the telecom industry
ahead of next month's planned rollout of new wireless services.
Macau Casinos Shut High-Roller Rooms Tied to Arrested Operator
Shares of casino operators tumbled on news of the suspension of
Suncity VIP rooms, while the junket operator's leader, Alvin Chau,
resigned following his arrest on illegal gambling and
Disney Elects Susan Arnold as Board Chairman, Replacing Robert Iger
Disney is turning to an executive with extensive experience, but
she will lead a board that has had to weather an unprecedented
period of turmoil in recent years.
Novartis Top Drugs to Drive Sales Growth
Novartis said it expects sales to grow at least 4% annually
through 2026, fueled by multi-billion dollar sales from its biggest
drugs, while several new assets could be approved over that
Square Changes Its Name to Block
The name change comes shortly after the company's CEO, Jack
Dorsey, stepped down at Twitter and aligns with his interest in
bitcoin and blockchain.
Twitter CEO Announcement Spotlights Rare Executive Move
Twitter promoted its chief technology officer to chief executive
earlier this week. Experts say such a move is rare, although
technology skills increasingly are valued in the corner office.
Bad Bunny, Taylor Swift, BTS Are Spotify's Most-Streamed Artists Globally for 2021
The Swedish company said Bad Bunny received over 9.1 billion
streams on its platform, making him its No. 1 streamed artist two
years in a row.
(END) Dow Jones Newswires
December 02, 2021 07:15 ET (12:15 GMT)
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