Bank Stocks Fall After Fed Projects No Rate Increases

Financial stocks dropped a day after Federal Reserve officials indicated they had no plans to raise interest rates over the next two years. 


 
Comcast, Black Media Mogul Reach Carriage Deal, Ending Racial-Discrimination Lawsuit

Byron Allen pulls lawsuit against cable giant after agreement to carry Entertainment Studios Networks channels. 


 
Juul Sees Long Road Back to Growth

In an interview this week, Juul Labs CEO K.C. Crosthwaite said the company has to prove that it can be trusted again. It will be an uphill road, as the e-cigarette maker is widely blamed for sparking a surge of underage vaping. 


 
PG&E Launches Hunt for $20 Billion for Bankruptcy Exit

PG&E Corp. is asking a bankruptcy judge for an order allowing it to go to market to sell $20 billion worth of new debt and equity as it awaits approval of its plan to exit chapter 11. 


 
Regeneron Begins Testing Coronavirus Antibody Cocktail

The company plans to evaluate whether a combination of two antibodies can treat Covid-19 patients and possibly prevent infections. If the drug proves to work safely, it could be available for emergency use as early as the fall. 


 
Amazon to Face EU Antitrust Charges Over Treatment of Third-Party Sellers

The EU plans to file formal antitrust charges against Amazon.com, according to people familiar with the matter, the latest step in a nearly two-year probe into the company's alleged mistreatment of sellers that use its platform. 


 
The Tesla of Trucking Has a Long Road Ahead

Investors in electric-truck startup Nikola need to make sense of a valuation equivalent to seven times revenues that aren't expected until 2024. 


 
Unilever, Maker of Hellmann's and Dove, Tries to Restructure-Again

The consumer-goods giant said it would consolidate its dual British and Dutch corporate structure into a single company based in the U.K., a move it hopes will allow it to more nimbly navigate the challenges posed by the Covid-19 pandemic. 


 
Google Makes Android a No-Show

Working from home is taking on a whole new meaning for tech giants accustomed to drawing a crowd, and Google became the latest one to make do without the fanfare of a live event as it released the beta version of Android 11. 


 
GM Wants to Leave Australia, but Breaking Up Is Hard to Do

The decision to scrap much of its Australia operation highlights the difficulties the Detroit auto maker faces as it tries to leave unprofitable markets.