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News Highlights: Top Company News of the Day

10/26/2020 | 10:16pm EST
Ant to Raise More Than $34 Billion in Record IPO 
 

The Chinese financial-technology giant will list its shares in what is set to be the world's biggest-ever initial public offering, a deal that bypasses U.S. stock exchanges.

 
Blackstone Raises $8 Billion for Second Long-Life Fund 
 

Blackstone collected the pool during the early days of the coronavirus pandemic, which slowed fundraising across the industry. Calpers, however, provided a $1 billion boost to the fund in March.

 
NIH Halts Study Exploring Treating Covid-19 With Lilly Antibody, Remdesivir 
 

Federal health researchers have halted testing a combination of Eli Lilly's Covid-19 antibody drug and remdesivir in hospitalized Covid-19 patients, after an independent committee found a lack of a benefit.

 
Sheldon Adelson's Las Vegas Sands Considers Sale of Casinos in Namesake City 
 

The sale price for its Venetian and Palazzo casinos and Sands Expo and Convention Center could be more than $6 billion, according to a person familiar with the deliberations.

 
J.C. Penney Lenders Trade Barbs Over Chapter 11 Split 
 

A lawyer for J.C. Penney's top lenders accused a rival creditor group of "economic terrorism" during a court hearing on the escalating battle between hedge funds seeking bigger shares of the beleaguered department-store chain.

 
Boral Selling USG Boral Stake, Considering U.S. Divestments 
 

Boral has agreed to sell its 50% stake in building products manufacturer USG Boral to joint-venture partner Gebr Knauf for $1.02 billion, and will consider divesting its North American businesses.

 
Global Insurer AIG to Divest Life-Insurance Business 
 

Current President Peter Zaffino will run the insurer as CEO starting March 1, while current Chief Executive Brian Duperreault will become executive chairman, the latest moves at a firm that in recent years has faced shareholder activists.

 
Hospital Merger Seeks to Create Regional Giant in the West 
 

Intermountain Healthcare and Sanford Health would operate 69 hospitals across six states.

 
Dunkin' Brands in Talks to Be Acquired by Arby's Parent 
 

The parent of Dunkin' and Baskin-Robbins said it has held early talks to go private in an acquisition by Inspire Brands, whose portfolio includes Arby's, Buffalo Wild Wings and Jimmy John's chains.

 
U.K. Betting Firm Genius Sports to Go Public 
 

The company has struck a $1.5 billion deal to start trading on public markets by merging with a U.S. blank-check company, people familiar with the matter said, a move that targets the growing U.S. sports-wagering industry.

(END) Dow Jones Newswires

10-26-20 2315ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN INTERNATIONAL GROUP INC 0.12% 41.35 Delayed Quote.9.22%
BORAL LIMITED 2.02% 5.06 End-of-day quote.2.22%
DUNKIN' BRANDS GROUP, INC. 0.06% 106.48 End-of-day quote.0.00%
LAS VEGAS SANDS CORP. -4.02% 53.44 Delayed Quote.-10.34%
SANFORD LIMITED 0.82% 4.94 End-of-day quote.-5.54%
THE BLACKSTONE GROUP INC. -0.24% 63.35 Delayed Quote.-2.25%
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