News Highlights: Top Company News of the Day
Jamie Dimon on Booming Economy and Finally Getting Off Zoom
JPMorgan Chase Chief Executive Jamie Dimon believes a boom is
coming in the American economy but warned that the government could
waste it away if ambitious spending plans aren't held
Vaccine Sales Lift Pfizer's Quarterly Results
The pharmaceutical company expects its Covid-19 vaccine to
generate about $26 billion in sales this year, and the company said
it is working on making the two-dose shot easier to administer and
CVS Says Covid-19 Vaccinations Slow
The pharmacy operator said demand for Covid-19 vaccinations has
fallen by about 30% recently as Americans' hesitancy to receive the
shots outweighs expanding eligibility and access.
KKR Swings to a Profit
Private-equity firm KKR posted a profit in the latest quarter as
it reported positive investment income and revenue.
Apollo Posts Profit as Investments Outpace Broader Market
The New York firm's private-equity portfolio appreciated by 22%
during the first quarter, beating out rivals and easily topping the
S&P 500, which climbed 5.8% during the period.
EnCap Raises $1.2 Billion for First Clean-Energy Fund
The Houston firm aims to back companies that develop
clean-energy assets at their earlier stages.
Inside 'Facebook Jail': The Secret Rules That Put Users in the Doghouse
The site's Oversight Board is expected to rule on Donald Trump's
case Wednesday. Breaking Facebook's rules can mean removed posts
and blocked privileges, but a vast number of guidelines for
moderators aren't made public.
DuPont Raises 2021 Expectations
DuPont de Nemours raised its full-year sales and
adjusted-earnings expectations as first-quarter adjusted earnings
of 91 cents a share beat analysts expectations of 75 cents on
This Rail Merger Could Become Quite Expensive
Canadian National's higher bid for Kansas City Southern gives it
the upper hand, but exposes it to significant financial risk if
approval falls through.
Clorox's Move to Provide Adjusted EPS Raises Concerns
Clorox's decision to break out adjusted earnings per share is
drawing concern from some analysts who view the change to how the
consumer company measures its corporate value as potentially
(END) Dow Jones Newswires
May 04, 2021 11:15 ET (15:15 GMT)
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