McKinsey Partners Vote Out Leader After Crises 
 

The consulting firm's partners voted to replace Kevin Sneader as its global managing partner amid fallout from a series of crises during his three-year tenure, people familiar with the matter said.

 
Facebook to Spend $1 Billion on News Content Over Three Years 
 

The social-media giant'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 found that the single-dose vaccine was 66.1% effective in preventing moderate to severe virus disease, and that it had a "favorable safety profile," paving the way for its approval.

 
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.

 
Foxconn to Build Cars for Electric-Vehicle Startup Fisker 
 

Foxconn, the world's biggest electronics manufacturer, and Fisker have agreed to jointly produce more than 250,000 vehicles a year, possibly at Foxconn's factory in Wisconsin.

 
Fry's Electronics to Shut Stores, Cease Operations 
 

Fry's Electronics Inc. said it would cease operations on Feb. 24 and permanently close all of its stores, citing shifts in retail and challenges of the Covid-19 pandemic.

 
Home Depot and Lowe's Shouldn't Fear Pandemic's End 
 

Investors seem overly jittery about Lowe's and Home Depot's ability to outperform 2020.

 
Lysol Maker's Shine Will Fade, Not Disappear 
 

The British company behind Lysol and other disinfectant brands was a clear pandemic winner. Investors have little confidence that last year's sales boom will stick, which seems overly pessimistic.

 
Biden to Address Chip Shortages With Executive Action 
 

President Biden plans to order a review of supply chains for critical materials from semiconductors to pharmaceuticals and rare-earth minerals, aiming to spur domestic production while strengthening ties with allies.

(END) Dow Jones Newswires

February 24, 2021 13:15 ET (18:15 GMT)