News Highlights: Top Company News of the Day
Politico's New Owner Plans to Grow Staff, Launch Paywall
Axel Springer, whose $1 billion acquisition of Politico is
expected to close next week, is also planning foreign-language
Tether Hit With $41 Million Fine in Latest Crypto Crackdown
The CFTC accused the stablecoin giant of falsely claiming that
it backed each of its digital tokens with an equivalent amount of
U.S. dollars. Tether said the issues have since been corrected.
J&J Covid-19 Booster Shot Endorsed by FDA Advisers
A panel of outside doctors and experts voted 19-0 to recommend
that all adults who received a first dose of the Johnson &
Johnson vaccine should get the second dose at least two months
Moderna Vaccine for Adolescents Delayed as FDA Reviews Side Effect
Moderna asked the Food and Drug Administration in June to expand
use of the company's Covid-19 vaccine to 12-to-17-year-olds, but
the agency has held off while it looks into the risk of
myocarditis, a rare heart condition.
Goldman Sachs Profit Rises on Deal Bonanza
The Wall Street bank said third-quarter profit jumped 60% to
$5.38 billion as its investment bankers had their second-best
quarter on record.
LinkedIn Social Network Is Leaving China, but Microsoft Remains
Microsoft Corp. is shutting down LinkedIn in China, but its
other businesses there-the Bing search engine, Teams
videoconferencing, Azure cloud computing and Office 365-will remain
to deal with Chinese authorities' tighter regulations.
Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup
Former Goldman executives look to marry their expertise with
retailer's consumers and data to offer financial services.
Cannabis Company Tilray Sets Blueprint for U.S. Expansion
Tilray is one of several cannabis companies structuring U.S.
acquisitions to stay within the bounds of their U.S. listings.
Facebook Should Clarify Terms of Service, Irish Privacy Regulator Says
A draft ruling from Ireland's privacy regulator would require
Facebook to change how it informs users about its data processing
but disregards complaints that the social-media giant needs to
obtain direct consent for its activities.
EA's Hot Season of Discontent
The videogame publisher is heading into an anticipated record
holiday season with questions hanging over two of its biggest
(END) Dow Jones Newswires
October 15, 2021 19:15 ET (23:15 GMT)
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