Calpers Investment Chief Ben Meng to Step Down From Largest U.S. Pension
He resigned after about a year and a half in the position, marking an abrupt exit for the investment chief, who set out to implement a reform agenda at the giant pension.
Facebook, Twitter Take Down Trump Video
Facebook and Twitter removed a video posted by President Trump in which he said children are "almost immune" from Covid-19, a claim that the companies said ran afoul their rules against harmful misinformation about coronavirus.
Instagram's Short-Video Feature Reels Debuts in U.S. as Threats to TikTok Mount
Facebook's Instagram has launched a short-video feature in the U.S., challenging the empire that Chinese social-media upstart TikTok has built on user-generated dance videos, comedy skits and viral challenges.
Quicken Loans Parent's IPO Sees Slack Demand
Rocket Cos., the parent of Quicken Loans, priced shares below its target range, with an offering of 100 million shares at $18 apiece. The stock is expected to start trading Thursday on the New York Stock Exchange.
Appeals Court Allows Dakota Access Pipeline to Continue Operating
A federal appeals court said the Dakota Access pipeline can continue carrying oil for now, a win for pipeline operator Energy Transfer and North Dakota oil producers.
States Call on Facebook to Launch Hate-Speech Hotline
Attorneys general for 19 states and the District of Columbia are calling on the social-media giant to take additional steps to combat harassment and hate speech on its platforms.
Teladoc Health Sets $18.5 Billion Acquisition
The provider of virtual-care services has agreed to buy Livongo Health, whose technology helps monitor and manage chronic conditions in patients.
ICG Begins Marketing Its Second Recovery Fund
Intermediate Capital Group joins other firms raising cash to invest in opportunities in pandemic-related disruptions.
Quibi Tests a Free Version in Australia and New Zealand
Quibi is testing a free version in Australia and New Zealand as the fledgling short-form video streaming service seeks to expand internationally and grow users after a difficult start.
Covid-19 Vaccine Makers Signal Prices
New details are emerging about how much drugmakers J&J and Moderna are charging for coronavirus vaccines, with prices spanning from several dollars a dose to more than $70 for a regimen.
