Pfizer's Covid-19 Vaccine Proves 90% Effective in Trials
A vaccine developed by Pfizer and partner BioNTech proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic.
Apple Suspends New Business With Pegatron Over Labor Violations
Apple suspended new business with key supplier Pegatron after finding that the Taiwanese company violated the American smartphone maker's rules related to student worker programs at its China facilities.
SoftBank Comeback Stays on Track With $6 Billion Profit
Technology investor SoftBank Group logged a profit of more than $6 billion in the July-September quarter, driven by rising share prices for some of its portfolio companies.
Chinese Property Giant Evergrande Drops Unit Listing
China Evergrande, the heavily indebted property developer, scrapped plans to list a key unit after striking deals with co-investors that should avert a near-term cash crunch.
Infineon Forecasts Strong Revenue Growth
Infineon posted a rise in fourth quarter adjusted earnings to EUR379 million and forecast revenue of around EUR10.5 billion for fiscal 2021.
Goldman Sachs Cuts U.S., Europe Growth Forecasts
Goldman Sachs has cut its growth forecasts for the U.S. and Europe for the latter part of this year and early 2021, citing increased concerns over lockdowns and soaring virus cases, alongside a stimulus package that will probably be far less than hoped.
Biogen Stock Might Not Recover From Alzheimer's Treatment Setback
A potential blockbuster drug hits yet another bump in the road, and shareholders will feel the pain.
Peloton Needs a Breather
The connected-fitness company's stock has soared as the Covid-19 pandemic has fueled sales, but closing the delivery gap will be costly.
Elliott Takes Stake in Software Company F5 Networks
The activist investor has taken a stake in F5 Networks and spoken to the software company's management in recent weeks about ways to boost its lagging stock, according to people familiar with the matter.
Federal Lawsuit Points to Payments' Future
Whatever the outcome of the Justice Department's lawsuit against Visa, for investors the suit could focus attention on how payments might evolve, in particular the potential of pay-by-bank arrangements.
(END) Dow Jones Newswires
11-09-20 0715ET