News Highlights: Top Company News of the Day
FDA Panel Expected to Back Moderna Covid-19 Vaccine
The agency's advisory committee is likely to recommend an emergency use authorization for the new vaccine from Moderna when the panel meets Thursday, its chairman said.
Rio Tinto Names Stausholm New CEO, as It Seeks to Rebuild Reputation
Rio Tinto has promoted Jakob Stausholm to CEO as the miner battles to repair its reputation with investors, lawmakers and indigenous groups after the destruction of two ancient rock shelters in Australia earlier this year.
Toyota's Chief Says Electric Vehicles Are Overhyped
Toyota Motor's leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition.
Novartis to Buy Cadent Therapeutics
Novartis has agreed to buy Massachusetts-based neuroscience company Cadent Therapeutics for an upfront fee of $210 million and additional milestone payments totaling $560 million.
TalkTalk Agrees to Toscafund Takeover
TalkTalk has accepted a GBP1.1 billion takeover by Toscafund Asset Management, the telecom group's second biggest shareholder.
Peter Jackson's Special-Effects Firm Looks to Become a Content Producer
At a time when much of Hollywood is reeling from Covid-19, Weta Digital, the visual-effects company behind "Avatar" and "Avengers: End Game," is looking to pull a growth story out of its magic hat.
Amazon Faces Union Push in Alabama
Election to be scheduled for workers at the company's Bessemer facility, the first such election since 2014 at the nation's second-largest employer.
BarkBox to Go Public in $1.6 Billion Deal
The dog-supplies startup is the latest company to go public by merging with a blank-check company.
NASA Makes Blue Origin Eligible to Launch Future Missions Without Crews
Jeff Bezos and his company's New Glenn rocket, which hasn't yet flown, received the nod to potentially carry scientific payloads later this decade.
Google Is Accused of Enlisting Facebook to Aid in Ad-Rigging
A Texas-led antitrust case accuses the search giant of manipulating digital advertising markets, in part through an alleged agreement with rival Facebook aimed at preserving Google's dominance.
(END) Dow Jones Newswires
December 17, 2020 07:00 ET (12:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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