Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans 
 

The Swedish auto maker's pricing highlights investors' unwillingness to lend traditional car makers the valuations enjoyed by younger electric-vehicle companies.

 
Facebook Expected to Post Slower Sales Growth With Apple Privacy Policy 
 

The social-media company's ad sales are on track for a record, even as global supply-chain shortages crimp ad spending.

 
HSBC to Buy Back $2 Billion in Stock as Profit Jumps 
 

The London-based bank, which makes most of its profit in Hong Kong and mainland China, earned $3.54 billion in the three months to the end of September, up from $1.36 billion in the same period last year.

 
China Evergrande Says Work on Some Residential Projects Has Resumed 
 

The highly indebted developer said construction was progressing at some of its projects in southern China, as it tries to stave off collapse and deliver homes it has promised to more than a million people.

 
Mark Cuban-Owned Company Launches Pharmacy-Benefit Manager 
 

An employer group also is starting a company to manage prescription-drug benefits as frustration mounts with the big PBMs hired to control drug spending

 
Youth-Focused Digital Platform FaZe Clan Nears $1 Billion SPAC Deal 
 

Backed by the singer Pitbull and other entertainment and sports celebrities, FaZe Clan targets Gen Z and millennial consumers.

 
PayPal Says Not Pursuing Acquisition of Pinterest 
 

U.S. payments giant PayPal Holdings said it isn't currently pursuing a deal for social-media platform Pinterest, days after media reports that the companies were in early talks for a multibillion-dollar deal.

 
Tesla Supplier Shows Off More Powerful Battery 
 

The new cell has five times the capacity of smaller previous models, the head of Panasonic's battery unit said.

 
Francisco Partners Targets $2 Billion for New Fund Focused on Smaller Tech Deals 
 

Private-equity firm Francisco Partners is targeting $2 billion for its third Agility fund, which will focus on smaller deals than the technology-focused firm's main vehicles, according to people familiar with the matter.

 
Talks Collapse Over Sale of Italian Bank Monte dei Paschi 
 

Italy's government and bank UniCredit had been negotiating over the sale of the nationalized lender. The end of the talks leaves little time to find a solution.

(END) Dow Jones Newswires

October 25, 2021 09:15 ET (13:15 GMT)