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News Highlights: Top Company News of the Day

11/09/2020 | 01:16pm EST
Pfizer's Covid-19 Vaccine Proves 90% Effective in Trials 
 

The positive, though incomplete, results bring the vaccine a big step closer to getting cleared for widespread use. The timetable suggests the vaccine could go into distribution this month or next.

 
Zoom to Get Closer Scrutiny Under FTC Settlement 
 

The federal agency had alleged that Zoom for at least the past four years promised users a level of data encryption it doesn't provide.

 
Boeing Jets, Other U.S. Goods Worth $4 Billion Face EU Tariffs 
 

The European Union will impose tariffs on $3.99 billion of Boeing jets and other U.S. goods annually as part of a long-running trade dispute, the bloc's trade chief said.

 
McDonald's to Add 'McPlant' Items, After Test With Beyond Meat 
 

The fast-food chain is making changes to its menu and operations as the pandemic persists, including an emphasis on to-go orders and new vegetarian items.

 
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.

 
Supreme Streetwear Brand Sold to VF in $2.1 Billion Deal 
 

Supreme, a streetwear brand with 12 stores and a cult following, is being sold to the parent company of Vans and Timberland.

 
Kevin Mayer, Ex-TikTok CEO, Joins Investment Firm Founded By Billionaire Len Blavatnik 
 

Access Industries said Mr. Mayer will focus on its media-related businesses and identify new potential opportunities for the firm.

 
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.

 
The Duty-Free Business Must Reroute to China 
 

Beijing is using the Covid-19 crisis to encourage China's globe-trotting consumers to spend more back at home. Europe's stricken duty-free operators have to follow them.

 
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.

(END) Dow Jones Newswires

11-09-20 1315ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.61% 139.07 Delayed Quote.3.15%
BEYOND MEAT, INC. 4.52% 140.7 Delayed Quote.12.56%
BIOGEN INC. -0.25% 269.44 Delayed Quote.10.04%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.98% 137.2 End-of-day quote.-2.21%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 2.15% 116.55 End-of-day quote.1.02%
PEGATRON CORPORATION 0.78% 77.6 End-of-day quote.15.30%
SOFTBANK GROUP CORP. -1.63% 8800 End-of-day quote.9.21%
THE BOEING COMPANY -0.76% 205.84 Delayed Quote.-3.11%
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