Eli Lilly Asks FDA to Authorize Covid-19 Antibody Drug

The company is seeking the authorization for LY-CoV555, derived from a blood sample of one of the earliest U.S. survivors of Covid-19. 


 
Fast-Casual Chain Ruby Tuesday Files for Bankruptcy

The restaurant operator said it has filed for chapter 11 bankruptcy in a bid to reduce its liabilities as it works to recover from reduced business brought on by the coronavirus pandemic. 


 
Venmo's New Credit Card Puts QR Codes Front and Center

Venmo, the payments app owned by PayPal Holdings, has introduced its first physical credit card, stamped with a prominent QR code on the front. 


 
Big Tech Faces EU Antitrust Weapon After Broadcom Settles Dispute

Europe's top competition official said she would make more use of injunctions after successfully forcing U.S. chip maker Broadcom to change its alleged anticompetitive practices. 


 
Tobacco Companies Get a Clear Smokeless Signal

The weak performance of most tobacco stocks this year suggests it will be a slog to lose their pariah status, but a rally in one outlier, Swedish Match, shows why it should be worth the effort. 


 
Tesco Posts Profit Rise, Confirms Special Dividend

Tesco posted a profit for the first half of GBP551 million despite incurring coronavirus-related costs of around the same amount, and confirmed plans to pay a GBP5 billion special dividend 


 
Gazprom Faces $7.58 Bln Fine From Polish Regulator

Poland's anti-monopoly office UOKiK said that it had imposed a 29 billion-zloty ($7.58 billion) fine on Gazprom related to the building of the Nord Stream 2 gas pipeline. 


 
Auto Makers Bet on Augmented Reality Startup

GM Ventures and SAIC Capital, along with South Korean parts-maker Hyundai Mobis and others, invested $50 million into Envisics Inc., a U.K.-based startup developing hologram technology for autonomous driving. 


 
House Panel Says Big Tech Wields Monopoly Power

The biggest U.S. technology companies have leveraged their dominance to stifle competition and innovation, Democrats said in a report following a 16-month inquiry and called on Congress to take antitrust action. 


 
Labor Department Questions Microsoft and Wells Fargo Over Pledges to Hire More Black Employees

Microsoft and Wells Fargo were contacted last week by the U.S. Labor Department questioning their plans to hire more Black employees as they seek to diversify their management ranks.

(END) Dow Jones Newswires

10-07-20 1115ET