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News Highlights: Top Company News of the Day

10/29/2020 | 12:16pm EST
Moderna Signs Covid-19 Vaccine Supply Contract with Japan 

Moderna Inc. signed a contract with Japan's government to supply 50 million doses of its Covid-19 vaccine and said it is in advanced talks with the European Union to expand vaccine supply there.

Exxon to Lay Off 1,900 U.S. Employees as Pandemic Wreaks Havoc on Oil Demand 

The struggling oil giant said most of the cuts would come from its management offices in Houston and come ahead of an expected quarterly loss when the company reports Friday.

Kraft Heinz Draws Customers Back to Familiar Brands 

Higher grocery demand during the coronavirus pandemic is setting the company up to exceed sales expectations for next year.

VW Bounces Back but Warns About Infections in Europe and U.S. 

Volkswagen, the world's biggest car maker by sales, became the latest to report a higher-than-expected profit while warning that rising coronavirus cases and fresh lockdowns were threatening the rebound.

Marvell Announces $10 Billion Deal in Latest Chip Merger 

The deal marks the second major semiconductor acquisition announcement this week.

Dunkin' Closes Stores as Deal Talks Continue 

The coronavirus pandemic has hit breakfast chains hard, prompting strategy changes.

Shopify Could Own Black Friday 

Amid the Covid-accelerated shift from brick and mortar stores to online shopping, cloud commerce platform Shopify continues to clean up.

DuPont Beats Forecast as China Leads Global Recovery 

Third-quarter sales and earnings exceeded Wall Street estimates. Sales in China rose 14% year over year and 10% from the second quarter.

Fannie Mae, Freddie Mac Third-Quarter Earnings Rise on Mortgage Refinance Boom 

The government-controlled mortgage giants reported improved earnings in the third quarter, as record-low interest rates fueled a refinancing boom that buoyed the companies' results.

WPP Shows Signs of Recovery in Third Quarter 

WPP is the latest advertising holding company to show signs of recovery from the global pandemic, saying some clients increased spending after making cuts earlier in the year.

(END) Dow Jones Newswires

10-29-20 1315ET

Stocks mentioned in the article
ChangeLast1st jan.
EXXON MOBIL CORPORATION 6.66% 41.98 Delayed Quote.-43.59%
FREDDIE MAC -2.07% 2.37 Delayed Quote.-19.44%
LONDON BRENT OIL 4.63% 47.92 Delayed Quote.-31.62%
MODERNA, INC. -2.44% 98.56 Delayed Quote.416.51%
SHOPIFY INC. -0.89% 971.24 Delayed Quote.146.49%
THE KRAFT HEINZ COMPANY 3.77% 33.83 Delayed Quote.1.46%
VOLKSWAGEN AG 3.93% 156 Delayed Quote.-14.83%
WPP PLC 2.83% 755.2 Delayed Quote.-31.14%
WTI 3.93% 44.79 Delayed Quote.-30.81%
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