News Highlights: Top Company News of the Day
EU Lawmakers Approve Sweeping Digital Regulations
European lawmakers approved two sweeping new pieces of digital
regulation, paving the way for clashes between regulators and some
of the world's biggest tech companies over how the rules should be
Ford's U.S. Sales Increase 32% in June, Outpacing Broader Industry
The auto maker's revenue benefited from pent-up demand,
previously placed orders and a new all-electric truck that went on
sale this spring.
Nexo Nears Deal to Buy Peter Thiel-Backed Lender Vauld
Move comes after Vauld suspended withdrawals, disclosing that
users had pulled almost $200 million over the past three weeks.
Distributors Not Liable for Opioid Crisis in West Virginia, Court Rules
A federal judge found that the plaintiffs, Cabell County and the
city of Huntington, didn't show that actions by McKesson,
AmerisourceBergen and Cardinal Health caused the crisis.
Twitter Fights India's Order Compelling the Company to Block Some Tweets
The legal move by the social-media company escalates a battle
over online speech in the country of more than 1.3 billion
Germany to Bail Out Energy Suppliers as It Prepares for Bleak Winter
The country paved the way for injecting billions of taxpayer
money into embattled energy suppliers, as Berlin races for a stop
to Russian natural-gas imports-a scenario many economists think
would trigger a severe recession.
Scandinavian Airline SAS Files for Bankruptcy Protection
The carrier has filed for bankruptcy protection in the U.S.,
saying a move by about 1,000 of its pilots to go on strike would
worsen its already fraught finances.
Spotify Rival Deezer's Shares Fall in Trading Debut
The French company's downbeat debut is a sign that there are
limits to the investor appetite for music-streaming services, even
as such offerings have grown to become a major source of revenue
for the music industry.
CureVac Sues BioNTech Over mRNA and Covid Vaccines. Pfizer Stock Isn't Spared.
CureVac says its intellectual property portfolio protects
multiple inventions that are considered essential to Pfizer and
BioNTech's Covid-19 vaccine.
Blackstone Bets on Global Tourism Boom With Australian Resort Deal
As Covid-19 cases have fallen and international air travel has
increased, some resorts are benefiting.
(END) Dow Jones Newswires
July 05, 2022 15:00 ET (19:00 GMT)
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