News Highlights: Top Company News of the Day
26 May 2020 - 12:30PM
Dow Jones News
Merck Does Deals to Develop Coronavirus Vaccines, Drug
Drugmaker Merck said it is buying a privately held Austrian
company to obtain one vaccine while joining with other groups on a
second vaccine and an antiviral.
Germany, Lufthansa Agree on $9.8 Billion Bailout
The German government and Deutsche Lufthansa said they have
agreed on a $9.81 billion bailout deal-one of the biggest aid
packages by a single country hatched so far in the pandemic-hit air
travel sector.
Novavax Coronavirus Vaccine Begins Human Testing
Novavax's experimental coronavirus vaccine becomes one of at
least 10 now being tested in people globally for Covid-19.
Premier Takes Stake in Mask Maker Prestige Ameritech
Hospital-supply buyer Premier struck a multiyear deal with mask
maker Prestige Ameritech, an early effort to reverse decades of
outsourcing of medical-equipment production.
German Court Orders VW to Compensate Customers Over Emissions Scandal
Germany's highest civil court ruled against Volkswagen in the
first case brought by customers seeking damages in connection with
the car maker's emissions-cheating scandal, a landmark ruling that
could herald further litigation against Volkswagen and some
competitors.
Indicative Price Gives JDE Peet's IPO EUR16B Valuation
Coffee and tea group JDE Peet's set a price range of
EUR30-EUR32.25, implying a market value of up to EUR16 billion for
its planned IPO on Euronext Amsterdam.
A $100 Billion Meituan Should Make Investors Queasy
China's largest food-delivery company is up 36% this year.
Investors may want to enjoy their takeout rather than buying
further in.
Shopify's Blurred Lines Are Hard to Hate
At the start of this year, Shopify may have been the biggest
company investors outside of technology had never heard of. Now,
the company is in a position too relevant to ignore.
NYSE's Floor to Reopen With Masks, Waivers and Handshake Ban
The New York Stock Exchange is set to reopen its famed trading
floor Tuesday, but it won't be going back to normal.
Richard Branson's Small-Satellite Launch Venture Fails First Test
A company founded by entrepreneur Richard Branson to launch
small satellites botched its initial demonstration flight, as a
rocket released from a specially outfitted jumbo jet failed to
reach low-earth orbit.
(END) Dow Jones Newswires
May 26, 2020 07:15 ET (11:15 GMT)
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