News Highlights: Top Company News of the Day
September 16 2020 - 7:30PM
Dow Jones News
Oracle Will Review TikTok Source Code to Watch for Chinese Access
ByteDance would allow Oracle to review TikTok's source code and
software to ensure there are no backdoors that allow the Chinese
government or other entities to access the data, according to
people familiar with the matter.
Sony to Launch Two PlayStation 5 Models This Fall
With its console versions at $400 and $500, Sony is pursuing a
similar strategy as Microsoft to woo more consumers.
Dave & Buster's Warns of Bankruptcy If No Lender Deal Struck
In a sign of the coronavirus's severe effect on the dining and
entertainment industry, Dave & Buster's has announced layoffs
and warned that it might need to file for bankruptcy if it can't
reach a deal with its lenders.
Deutsche Bank: U.S. Staff Can Wait Until Mid-2021 to Return to Office
The German bank recognized New York's "success in containing
Covid" but added that workers have "understandable concerns about
public transportation, cleanliness, security and other quality of
life issues."
Republican Lawmakers Question TikTok-Oracle Deal
Senators are worried about the continued involvement of the
video-sharing app's Chinese owner in a deal to pair TikTok with
Oracle.
Snowflake's Stock Price Soars in IPO
Snowflake's shares made their debut at $245 a share on their
first day of trading, more than double the IPO price.
KKR Leads $450 Million Funding for Online Fitness Platform Zwift
A specific valuation for the Series C round wasn't disclosed,
but a Zwift representative said it exceeded $1 billion.
Amazon Music Joins Podcasting Fray
The company is looking to attract new listeners with a roster of
70,000 titles including originals from DJ Khaled and Dan
Patrick.
Kodak Didn't Break Law When Loan Was Revealed, Its Review Finds
A special committee hired by the company's board found several
governance concerns regarding the announcement of a planned $765
million loan from the U.S. government, but said none of them
violated the law.
Covid-19 Antibody Drug Shown to Reduce Hospitalizations, Eli Lilly Says
An antibody-based drug derived from the blood of an early U.S.
survivor of Covid-19 reduced the rate of hospitalization compared
with a placebo in a new study of people recently diagnosed with the
disease, said Eli Lilly, one of the drug's developers.
(END) Dow Jones Newswires
September 16, 2020 19:15 ET (23:15 GMT)
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