Amazon Faces New EU Antitrust Charges

Amazon.com faces a fresh legal battle with the European Union, with the bloc set to file formal charges against the online retailer for alleged unfair business practices, according to a person familiar with the matter. 


 
Apple Event: New Mac Computers Expected With In-House Processing Power

While excitement for Apple's new iPhones has helped boost the company's share price to record highs, a nearly 40-year-old workhorse with stagnating sales in recent years is notching impressive growth: the Mac. 


 
China's 'Uber for Trucks' Raising $1.7 Billion Ahead of IPO Next Year

Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the matter. 


 
Lilly's Covid-19 Antibody Drug Gets FDA Green Light

U.S. health officials authorized use of the first treatment for people with earlier-stage Covid-19 who aren't hospitalized, filling a gap in treatment. 


 
Brazil Suspends Trials of Chinese Vaccine

Brazil's health regulator Anvisa said Monday it has suspended clinical trials of China's Sinovac coronavirus vaccine, long expected to be one of the first to be approved in the country, following a "severe adverse event." 


 
Ericsson Revises Growth Ambitions

Ericsson said it expects operating margins to rise 15%-18% beyond 2022, as it as it outlined new long-term financial targets. 


 
Adidas Cautious as Sales, Profits Fall

Adidas profits and sales fell in the third quarter but came in above forecasts, and the company said it expects revenues in its final quarter to follow the trend, with a low- to mid-single-digit currency-neutral decline. 


 
Traton Warns of Significant Sales Fall

Traton confirmed October's preliminary figures of a decline in third-quarter results and warned that it expects annual sales this year to decline significantly. 


 
Nikola's Losses Widen as Executives Try to Regain Momentum

Electric-truck startup Nikola reported wider losses in the third-quarter, a tumultuous period in which company executives came under pressure to respond to questions about the legitimacy of its business. 


 
TriMark Lenders Sue Competing Investors for Jumping Ahead

Lenders to TriMark USA sued a group of competing investors in the food-service supplier, saying the group put together a $427.5 million rescue financing package that unfairly vaulted those investors to the top position in the repayment line.

(END) Dow Jones Newswires

11-10-20 0715ET