J&J Vaccine Pause Shows Challenges Still Ahead for Covid-19 Shots

The pause of Johnson & Johnson's trials poses another setback for global efforts to develop a shot to protect lives and jump-start economies battered by the pandemic, as well as a reminder of the challenges of fast-tracking vaccine development. 


 
Apple Event: iPhone 12 Expected With 5G Capabilities

The tech giant is expected to reveal its latest iPhone, a device capable of connecting to a 5G cellular network, which investors are betting will spur strong demand. 


 
Blackstone-Backed Lender Is Set for IPO

Finance of America Equity Capital, a Blackstone Group-backed consumer-lending platform, is set to go public with a $1.9 billion valuation in a merger with blank-check company Replay Acquisition. 


 
Disney Elevates Streaming Unit in Reorganization

The changes aim to give priority to Disney's streaming video businesses, creating new units that will produce content for digital and traditional platforms, in a shift echoing similar moves by other entertainment giants. 


 
Southwest Airlines to Challenge Rivals at O'Hare and in Houston

The carrier is pushing into two of the largest U.S. airports, signaling its plan to grab market share from United and American, bigger rivals hobbled by the coronavirus pandemic. 


 
Wisconsin Says Foxconn Doesn't Qualify for Subsidies

Wisconsin officials have denied a request by Foxconn Technology Group for the first payments in what had been envisioned as $3 billion in state subsidies for a major technology complex. 


 
Bed Bath & Beyond CFO Looks to Declutter Shelves, Reduce Working Capital

Home-goods retailer plans to close 200 stores over the course of two years and unveil a new store model later this month. 


 
Maersk Lifts Outlook as Demand Recovers

Maersk raised its full-year guidance after noting a faster-than-expected rebound in shipping volumes and freight rates, but cautioned it will take a $100 million charge in the third quarter to cover the cost of 2,000 job losses. 


 
Cosco Shipping to Raise About $940 Mln via Sale of CIMC Stake

Cosco Shipping Development will raise $939.8 million by selling its stake in China International Marine Containers (Group) to a state-owned investment management company. 


 
PC Demand During Pandemic Fuels Strongest U.S. Market Growth in a Decade

Remote work, study and home entertainment in the midst of the pandemic boosted personal-computer sales in the third quarter.

(END) Dow Jones Newswires

10-13-20 0715ET