Intel in Talks to Buy GlobalFoundries for About $30 Billion

A deal for chip maker GlobalFoundries would be Intel's largest acquisition. It comes as Intel is launching a major push to become a chip manufacturer for other companies. 


 
ServiceMax to Go Public in $1.4 Billion SPAC Deal

Field-service software company backed by Silver Lake, Salesforce and GE to merge with Pathfinder Acquisition, the companies said. 


 
CVS Pulls Two Sun-Care Products After Neutrogena Sunscreen Recall

The drugstore chain says it will stop selling two CVS brand sun-care products out of caution. 


 
Netflix's Videogame Gambit Is Taking Shape

The streaming giant has hired a Facebook executive to oversee a new unit dedicated to making games, a strategy analysts describe as highly challenging but potentially lucrative. 


 
Digital Ad Vet Anthony Katsur Named CEO of IAB Tech Lab

The global nonprofit that promotes common standards and technology for digital advertising gets a new leader at a time of change in the online ad world. 


 
Teen to Replace Auction Winner on Blue Origin Space Flight

Blue Origin, Jeff Bezos' space company, said that the person who paid roughly $30 million for a seat aboard the July 20 trip to space won't be going, and an 18-year-old would join the launch instead. 


 
Self-Driving Startup Aurora to Go Public Through SPAC

The special-purpose acquisition company behind the deal is backed by the founders of LinkedIn and Zynga Inc. 


 
Three Large Hospitals Won't Give New Alzheimer's Drug

The Cleveland Clinic, Mount Sinai Health System and Providence said they won't administer Biogen's drug for Alzheimer's disease while its effectiveness is under debate. 


 
The Airline Recovery Is Too Much Made in the USA

While U.S. carriers are starting to make money again, international travel markets aren't yet enjoying the much-awaited recovery from the pandemic. 


 
Morgan Stanley Still Has Room to Run

Even with the rise in the Wall Street bank's shares and valuation, a big dividend and favorable trends could push it further still.

(END) Dow Jones Newswires

07-15-21 2115ET