News Highlights: Top Company News of the Day
15 April 2021 - 2:30AM
Dow Jones News
Dell Plans Spinoff of $52 Billion Stake in VMware
The personal-computer maker said it intends to use net proceeds
from the deal to pay down debt.
Thermo Fisher Nears Deal to Buy PPD for More Than $15 Billion
If completed, deal would be the latest tie-up among companies
that run clinical trials and provide other services for
drugmakers.
Johnson & Johnson Vaccine Pause Sparks Scrambles Across Country
Vaccination sites canceled thousands of appointments after U.S.
health authorities paused the use of Johnson & Johnson's
Covid-19 shots over reports of rare but severe blood clots, while
other sites scrambled to switch to another vaccine.
Novavax to Participate in Oxford Study Comparing Covid-19 Vaccine Combinations
A Novavax Covid-19 vaccine will be studied in a Phase 2 trial
conducted by the University of Oxford "to evaluate the potential
for combined regimens that mix vaccines from different
manufacturers to achieve immune protection against Covid-19."
Coinbase Fetches $85 Billion in Value in Trading Debut
The cryptocurrency exchange is the first major bitcoin-focused
company to test the U.S. public market, marking a watershed moment
for an industry that began a decade ago as an experiment in digital
money.
American-JetBlue Alliance Draws Increased Scrutiny From DOJ
The Justice Department has stepped up an antitrust probe of
American Airlines's recent partnership with JetBlue Airways,
concerned the deal could lead to anticompetitive coordination and
inflated fares at certain hubs.
Qantas Ramping Up Domestic Capacity Amid Leisure Surge
Australia's No. 1 airline, Qantas Airways Ltd., said it is
increasing domestic capacity faster than expected in response to a
surge in demand from leisure travelers as coronavirus restrictions
ease.
Bed Bath & Beyond's Improvement Project Is Far From Finished
The selloff in Bed Bath & Beyond looks overdone considering
its unsurprising results, but the retailer still has a way to go to
win back confidence.
Wall Street Banks Do More With Less
Banks such as JPMorgan Chase and Goldman Sachs are producing
huge returns in their Wall Street arms, suggesting that perhaps
investors are undervaluing that part of their business
Kohl's to Add Directors in Deal With Activist Investors
Three retail veterans will join the board of the department
store chain, which has contended with an activist campaign since
earlier this year.
(END) Dow Jones Newswires
April 14, 2021 21:15 ET (01:15 GMT)
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