WHO Recommends Against Use of Gilead Covid-19 Drug Remdesivir
The World Health Organization said there isn't evidence that the antiviral drug reduces deaths or recovery times for patients suffering from the coronavirus.
Tyson Suspends Managers After Lawsuit Claims They Bet on Covid-19 Infections
Tyson Foods said it suspended managers at an Iowa pork plant following allegations that some wagered on the number of workers who would become infected with Covid-19, as the pandemic roiled the meat industry last spring.
Reliance's Retail Unit Completes $6.38 Billion Fund Raising
Reliance Industries' retail unit has raised $6.38 billion by selling 10.09% stake to over half-a-dozen foreign investors including TPG Inc. and KKR, making it one of the largest such fundraising exercises in India within two months.
Sinclair Networks to Rebrand as Bally's in Sports Betting Partnership
Sinclair Broadcast Group is teaming up with Bally's to use the casino operator's brand on its regional sports networks and integrate gambling content to fill the airtime during and between games.
BuzzFeed to Acquire HuffPost in Stock Deal With Verizon Media
BuzzFeed is acquiring Verizon Media's HuffPo, the companies said, uniting two large digital media players in a sector looking to jump-start growth.
GM Ups Bet on EVs as Investors Swoon for Electric Cars
The auto maker is raising its bet on electric cars by more than a third, as it hustles to convince a skeptical Wall Street that it too can be successful in the nascent market.
Sonos Hits the Right Notes This Time
Shares of the speaker maker soared after it reported strong quarterly results and projected better-than-expected revenue growth.
Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion
The Verafin acquisition would be New York-based Nasdaq's largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology.
Roblox Files to Go Public Amid Surge in Videogame Spending
Videogame company Roblox has filed to go public at a time when the pandemic has supercharged demand for online gaming.
Scooter Startup Lime Projects Year of Positive Ebitda as Riders Return
Lime's CEO says the electric scooter rental company sees a resurgence in users after a steep drop in the spring. Its improvement could be a hopeful sign for the sector.
(END) Dow Jones Newswires