Pfizer, BioNTech Get Covid-19 Vaccine Order From U.S. Government

The U.S. has agreed to pay Pfizer and BioNTech nearly $2 billion to secure 100 million doses of their experimental Covid-19 vaccine to provide to Americans free of charge. 


 
Slack Files EU Antitrust Complaint Against Microsoft

Microsoft is facing an antitrust complaint in the European Union over its push into workplace-collaboration software, joining a series of big tech firms under scrutiny on both sides of the Atlantic for allegedly abusing their dominance. 


 
New York Times Names Meredith Kopit Levien CEO

Meredith Kopit Levien, the company's chief operating officer, will succeed Mark Thompson, who oversaw the newspaper's digital transformation. 


 
Merkel Lobbied for Wirecard Despite German Probe

German Chancellor Angela Merkel promoted Wirecard's Asia expansion plans during a trip to China late last year despite multiple red flags about the company. 


 
New York Regulator Charges First American Unit Over 2019 Data Breach

New York's top financial regulator filed charges Wednesday against a subsidiary of insurance company First American Financial in the first enforcement action by the regulator under a set of rules requiring banks and other financial services companies to maintain cybersecurity protections. 


 
Spotify Strikes New Licensing Deal With Universal Music Group

Money could soon be flowing from labels back into Spotify's coffers, thanks to a new deal struck with the world's largest record company. 


 
Plants of European Vehicle Firms Searched in Diesel Scandal

Investigators from Germany, Italy and Switzerland have searched ten commercial properties belonging to Fiat Chrysler Automobiles, IVECO SpA, Jeep and Alfa Romeo in connection with the ongoing diesel scandal. 


 
Snap's 2020 Picture Isn't All Doom and Gloom

Snap's shares fell after it said revenue growth slowed in the second quarter, but its competitors may bear even more shade from investors. 


 
Tesla Knocks on S&P 500's Door

The electric-car firm could nail down its first four-quarter profit on Wednesday, a development that could spur its addition to the S&P 500-potentially intensifying demand for the red-hot shares. 


 
Warburg Pincus Dials Back Investing in Oil and Gas

"Warburg Pincus will begin a transition away from investing in companies that are dependent on hydrocarbon pricing in the core global fund," said a person familiar with the firm's plans.