Glaxo Says Its Antibody Drug Works Against Omicron 
 

GlaxoSmithKline and Vir said their Covid-19 antibody treatment retained effectiveness against the Omicron variant in laboratory studies, even as early data suggests that similar treatments work less well against the strain.

 
Elon Musk Comes Out Against Federal Electric-Vehicle Spending 
 

Elon Musk took aim at a signature Biden administration legislative proposal and said China is adjusting to its growing position as a dominant world power in an interview with The Wall Street Journal.

 
Intel to List Shares in Mobileye Unit 
 

The listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant's fortunes.

 
Instagram Unveils Tools to Keep Teens Safe 
 

On the eve of a Senate subcommittee hearing, the platform shares plans for taking a "stricter approach" to content it shows users under 18.

 
Europe Tops China in Spawning $1 Billion Tech Startups 
 

China has reined in its most successful and freewheeling tech giants, including Alibaba, Tencent and Didi, casting a chill across the whole sector. Europe, meanwhile, has attracted further investment in its expanding tech industry, particularly from U.S. funds.

 
SEC Opens Probe Into Tesla Involving Solar-Cell Activity 
 

A former employee alleges that the company hid fire risks from public and shareholders.

 
Samsung Replaces CEOs, Merges Units in Shake-Up 
 

In a surprise move, Samsung Electronics replaced the heads of its three major business units and merged the company's mobile and consumer electronics businesses into a single unit.

 
Alibaba Shares Rise on Shakeup Plans, Beijing Moves 
 

Shares of Alibaba Group Holding Ltd. are leading tech shares higher in Hong Kong, tracking gains in the company's US-listed ADRs following a business reorganization as well as fresh moves by Beijing to stimulate China's slowing economy.

 
Stellantis in Push for Strong E-Vehicle Revenue Growth 
 

Stellantis is targeting around EUR20 billion in additional revenue by 2030 through a rollout of new e-vehicle platforms and has partnered with Foxconn, among others, to help build the software.

 
Elliott Renews Attack on SSE Over Renewables 
 

Activist investor Elliott has attacked SSE on its failure to explain why the energy group wasn't pursuing a listing of its renewables assets, which it estimates could unlock GBP5 billion of value.

(END) Dow Jones Newswires

December 07, 2021 05:15 ET (10:15 GMT)