Glaxo's Antibody Drug Found to Be Effective Against Omicron 

The antibody treatment was effective against the variant in early laboratory studies, setting it apart from similar therapies that appear to work less well against the highly mutated strain.

Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger 

Opal converts methane emissions from landfills and dairy farms into renewable natural-gas fuel for trucking customers like UPS. It is valued at $2 billion in its SPAC deal.

WeWork to Restate Results Due to Error With Its SPAC Acquirer 

WeWork said in a securities filing that it would restate several quarters of results, including its latest quarter's, and that management has concluded there was a material weakness in its internal control.

FAA Chief Steve Dickson Takes On Fight Over 5G and Aviation Safety 

The cautious regulator is at odds with the telecom industry ahead of next month's planned rollout of new wireless services.

Macau Casinos Shut High-Roller Rooms Tied to Arrested Operator 

Shares of casino operators tumbled on news of the suspension of Suncity VIP rooms, while the junket operator's leader, Alvin Chau, resigned following his arrest on illegal gambling and money-laundering allegations.

Disney Elects Susan Arnold as Board Chairman, Replacing Robert Iger 

Disney is turning to an executive with extensive experience, but she will lead a board that has had to weather an unprecedented period of turmoil in recent years.

Novartis Top Drugs to Drive Sales Growth 

Novartis said it expects sales to grow at least 4% annually through 2026, fueled by multi-billion dollar sales from its biggest drugs, while several new assets could be approved over that period.

Square Changes Its Name to Block 

The name change comes shortly after the company's CEO, Jack Dorsey, stepped down at Twitter and aligns with his interest in bitcoin and blockchain.

Twitter CEO Announcement Spotlights Rare Executive Move 

Twitter promoted its chief technology officer to chief executive earlier this week. Experts say such a move is rare, although technology skills increasingly are valued in the corner office.

Bad Bunny, Taylor Swift, BTS Are Spotify's Most-Streamed Artists Globally for 2021 

The Swedish company said Bad Bunny received over 9.1 billion streams on its platform, making him its No. 1 streamed artist two years in a row.


(END) Dow Jones Newswires

December 02, 2021 07:15 ET (12:15 GMT)

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