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News Highlights: Top Company News of the Day

10/14/2020 | 03:16am EST
Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern 

A federally funded clinical trial testing an experimental Eli Lilly & Co. Covid-19 treatment has been paused due to a potential safety concern, the company said.

JPMorgan, Citigroup Signal That Economy Isn't Out of the Woods 

Both banks reported better-than-expected results, but JPMorgan CEO James Dimon said the U.S. needs another coronavirus-relief package.

Apple Reveals Four iPhone 12 Models With 5G Capability 

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

Pilgrim's Pride Reaches Plea Agreement With Justice Department on Chicken Price-Fixing Allegations 

Chicken giant Pilgrim's Pride said it has agreed to a plea deal with the U.S. Justice Department to resolve price-fixing charges, and will pay a fine of $110.5 million.

ASML Posts Earnings, Sales Beats 

ASML posted above-forecast net profit and sales for the third quarter, confirmed its outlook for 2020 and said it experienced no major coronavirus-related disruptions.

Pearson on Track to Meet 2020 Expectations 

Pearson said it was on course to hit full-year profit expectations, as a 32% increase in online learning sales helped mitigate the impact of the coronavirus on its global operations.

BlackRock Bets on U.K. Electric-Vehicle Startup Arrival With $118 Million Investment 

The New York-based asset manager is joining Arrival's existing backers-auto manufacturers Hyundai and Kia, as well as U.S. delivery giant UPS.

Theranos Founder Elizabeth Holmes Loses Bid to Dismiss Criminal Charges 

A ruling by a federal judge in California appears to clear the path for Ms. Holmes to go on trial in March.

Business Insider Parent Nears Deal to Buy Controlling Stake in Morning Brew 

Business Insider parent Insider is nearing a deal to acquire a controlling stake in Morning Brew, a news startup known for a popular email newsletter on business and finance, according to people familiar with the situation.

Japan's Polaris Capital Gets $100 Million From Pennsylvania Pension 

Buyout firm Polaris Capital Group added the largest Pennsylvania pension system to its investor roster as it gears up to hold a final close for its fifth and largest fund for investing in Japan.

(END) Dow Jones Newswires

10-14-20 0315ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.16% 115.17 Delayed Quote.55.08%
ASML HOLDING N.V. 0.46% 358.9 Delayed Quote.36.10%
BLACKROCK, INC. 2.41% 699.3 Delayed Quote.39.11%
CITIGROUP INC. 7.05% 57.06 Delayed Quote.-28.58%
HYUNDAI CORPORATION 1.98% 15450 End-of-day quote.-13.69%
HYUNDAI MOTOR COMPANY 1.12% 181000 End-of-day quote.50.21%
JPMORGAN CHASE & CO. 4.62% 123.32 Delayed Quote.-15.44%
PEARSON PLC 4.28% 652.8 Delayed Quote.2.48%
POLARIS GROUP -2.02% 17 End-of-day quote.-9.57%
POLARIS INC. 0.57% 95.33 Delayed Quote.-6.26%
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