News Highlights: Top Company News of the Day
February 24 2021 - 4:30PM
Dow Jones News
Moderna Says New Variant Vaccine Is Ready for Human Testing
The biotech company has sent the NIH a first batch of doses of
its newly designed shot that targets the coronavirus strain first
identified in South Africa.
Verizon Spends $45.5 Billion to Top 5G Spectrum Bidders
The cellphone carrier pledged a record sum to secure airwaves
for faster wireless service in a $81 billion FCC auction.
Icon to Buy Clinical-Trial Rival PRA in $12 Billion Deal
Icon PLC's $12 billion deal to acquire a rival, PRA Health
Sciences, would create a contract research powerhouse and expand
the role of technology in clinical trials and drug development.
U.K. Investment Managers Push for More Diversity on Boards
U.K. investment managers plan to step up pressure on companies
to increase the presence of racial and ethnic minorities on their
boards.
Volvo, Geely Back Away From Merger
The two auto makers said they would combine their engine and
transmissions business after opting not to merge, renewing
speculation that Volvo could pursue a public listing.
McKinsey Partners Vote Out Leader After Crises
The consulting firm's partners have voted to replace Kevin
Sneader as its global managing partner amid fallout from a series
of crises during his three-year tenure.
Facebook to Spend $1 Billion on News Content Over Three Years
The social-media company's pledge comes as governments around
the world heighten their scrutiny of tech giants over paying for
news content that appears on their platforms.
J&J's Covid-19 Vaccine Is Safe and Effective, FDA Says
The U.S. Food and Drug Administration said Johnson &
Johnson's single-dose Covid-19 vaccine works safely, paving the way
for the approval of a third vaccine in the U.S. as early as this
weekend.
Square Bets on Bitcoin to Shape Its Future
If the payments company is to grow into its huge valuation, it
will need to convert users' dalliance with the digital currency
into long-term relationships.
When Is Roblox Going Public, and What Is a Direct Listing?
The videogame provider will soon join the ranks of closely held
companies bypassing the traditional route of an initial public
offering.
(END) Dow Jones Newswires
February 24, 2021 17:15 ET (22:15 GMT)
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