News Highlights: Top Company News of the Day
Glaxo Says Its Antibody Drug Works Against Omicron
GlaxoSmithKline and Vir said their Covid-19 antibody treatment
retained effectiveness against the Omicron variant in laboratory
studies, even as early data suggests that similar treatments work
less well against the strain.
Elon Musk Comes Out Against Federal Electric-Vehicle Spending
Elon Musk took aim at a signature Biden administration
legislative proposal and said China is adjusting to its growing
position as a dominant world power in an interview with The Wall
Intel to List Shares in Mobileye Unit
The listing could value the self-driving-car unit at more than
$50 billion. It is the latest move by CEO Pat Gelsinger to revive
the semiconductor giant's fortunes.
Instagram Unveils Tools to Keep Teens Safe
On the eve of a Senate subcommittee hearing, the platform shares
plans for taking a "stricter approach" to content it shows users
Europe Tops China in Spawning $1 Billion Tech Startups
China has reined in its most successful and freewheeling tech
giants, including Alibaba, Tencent and Didi, casting a chill across
the whole sector. Europe, meanwhile, has attracted further
investment in its expanding tech industry, particularly from U.S.
SEC Opens Probe Into Tesla Involving Solar-Cell Activity
A former employee alleges that the company hid fire risks from
public and shareholders.
Samsung Replaces CEOs, Merges Units in Shake-Up
In a surprise move, Samsung Electronics replaced the heads of
its three major business units and merged the company's mobile and
consumer electronics businesses into a single unit.
Alibaba Shares Rise on Shakeup Plans, Beijing Moves
Shares of Alibaba Group Holding Ltd. are leading tech shares
higher in Hong Kong, tracking gains in the company's US-listed ADRs
following a business reorganization as well as fresh moves by
Beijing to stimulate China's slowing economy.
Stellantis in Push for Strong E-Vehicle Revenue Growth
Stellantis is targeting around EUR20 billion in additional
revenue by 2030 through a rollout of new e-vehicle platforms and
has partnered with Foxconn, among others, to help build the
Elliott Renews Attack on SSE Over Renewables
Activist investor Elliott has attacked SSE on its failure to
explain why the energy group wasn't pursuing a listing of its
renewables assets, which it estimates could unlock GBP5 billion of
(END) Dow Jones Newswires
December 07, 2021 05:00 ET (10:00 GMT)
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