News Highlights: Top Company News of the Day
June 16 2021 - 10:15AM
Dow Jones News
Waymo Raises $2.5 Billion in Funding Round
Alphabet's self-driving affiliate said it wants to continue
developing its Waymo Driver autonomous-driving system.
Morgan Stanley Hires Greg Weinberger Away From Credit Suisse
The investment banker's departure comes as the Swiss bank deals
with losses tied to the meltdown of Archegos Capital
Management.
Toshiba Chairman, Under Fire, Says He May Leave Once He Has Fixed Issues
In an interview with The Wall Street Journal, Osamu Nagayama, up
for re-election after a turbulent spring, said he saw it as his
mission to fix the conglomerate's governance problems by bringing
in new blood.
GM Raises Electric-Car Bet
General Motors said that it will boost spending on electric and
autonomous vehicles to $35 billion through 2025, an increase that
reflects plans to add two more battery factories in the U.S.
Apple Struggles in Push to Make Health Its Greatest Legacy
Apple CEO Tim Cook has said the company's greatest contribution
to mankind will be in health. So far, some of its initiatives aimed
at broadly disrupting the healthcare sector have struggled to gain
traction.
After Trump Ban, Facebook Oversight Panel Pushes for More Say
The social-media company's Oversight Board, as well as outside
observers, say the longer-term effectiveness of the panel lies in
how Facebook responds to its guidance.
Solid Power, QuantumScape, and the Battle for Next-Generation Batteries
Solid Power is the second solid-state battery startup to come to
the stock market. With a lower valuation than its predecessor,
QuantumScape, it reflects investors' thirst for disruption
stories.
KPMG Joins Push for Private-Equity Fund Reporting Standards
The consulting firm has joined the Private Capital Data
Standards Alliance, which also counts Allianz Capital Partners
among its members.
Regeneron's Antibody Drug Cuts Risk of Death in Some Covid-19 Patients
Trial results for a new Regeneron treatment have buoyed hopes
that doctors could soon have a new way to tackle severe hospital
cases.
Investor's Latest Fund to Extend L.A. Housing Strategy to More West Coast Cities
Real-estate investor Martin Muoto discussed the Black Impact
Fund as the venture seeks to raise $1 billion.
(END) Dow Jones Newswires
June 16, 2021 11:15 ET (15:15 GMT)
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