Biogen Can Bounce Back from Multiple-Sclerosis Blow
The biotech company has suffered a surprise blow to its blockbuster multiple sclerosis franchise. It has a chance to recover, but investors should expect a bumpy ride.
McDonald's Keeps Salads, Bagels Off Menus for Now
McDonald's Corp. plans to keep dozens of items off U.S. menus for the foreseeable future, after sparer operations implemented during the coronavirus pandemic led to improved service times and better margins.
Spotify, Warner Bros. Partner to Create DC Superhero, Supervillain Podcasts
Spotify Technology has joined forces with Warner Bros.'s DC to produce original narrative podcasts based on superhero and supervillain characters that are to be exclusive to Spotify's service.
Kroger Posts Stronger Sales, Profit Amid Coronavirus Pandemic
Kroger, the biggest U.S. supermarket operator, reported a surge in sales as consumers bought more groceries to eat at home during the coronavirus pandemic.
Payments Giant Wirecard's Shares Plunge on $2 Billion Audit Deception
Shares in troubled payments company Wirecard crashed after the company again delayed publication of its 2019 annual report because its auditor said it had been deceived over evidence of $2.1 billion in cash balances.
JD.com Stock Gains on Hong Kong Debut
JD.com shares rose on their first day of trading in Hong Kong, as the Chinese e-commerce company completed a secondary listing to coincide with its flagship annual sales event.
Taubman Centers Fights Simon Property's Effort to End Deal
Mall owner Taubman Centers is fighting to retain the $3.6 billion deal it had with Simon Property Group, arguing that the coronavirus pandemic doesn't allow buyers to walk away because they no longer like the deal they made.
U.K. Insurer Prudential Retreats From U.S. With Stake Sale
Prudential has taken a step back from the U.S. as it focuses on Asia, agreeing to sell a stake in its U.S. business to Athene for $500 million.
U.S. Files Charges Against Chinese Mask Manufacturer
Federal prosecutors accused a Chinese manufacturer of selling 140,000 defective masks to a U.S. distributor, the latest case brought against a company for allegedly selling substandard products amid the pandemic.
Saudi Arabia's Sovereign Wealth Fund to Invest $1.49B in Reliance's Jio Platforms
Saudi Arabia's sovereign wealth fund Public Investment Fund has agreed to invest 113.67 billion rupees ($1.49 billion) in Jio Platforms, joining the list of big multinational firms seeking a pie in the Indian telecommunications giant.
