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News Highlights: Top Company News of the Day

11/16/2020 | 09:16am EST
Moderna's Covid-19 Vaccine Is 94.5% Effective, Early Results Show 

Moderna's experimental coronavirus vaccine was 94.5% effective at protecting people from symptomatic Covid-19, an early look at pivotal study results showed-the second vaccine to hit a key milestone.

Tyson's 4Q Profit Rose Despite $200M in Pandemic-Related Costs 

Tyson Foods said it continued to spend on Covid-19-related expenses during its fiscal fourth quarter, as coronavirus infections surge across the U.S.

Aramco Plans U.S. Dollar Bond to Plug Funding Gap 

Saudi Aramco said it aims to issue a U.S. dollar-denominated bond, as the cash-strapped oil giant cuts jobs, considers asset sales and reviews its expansion plans.

Retrophin, Founded by Martin Shkreli, Rebrands Itself as Travere Therapeutics 

The biopharmaceutical company will begin trading under the new name and ticker on Thursday.

Walmart Retreats Around Globe to Focus on E-Commerce 

Walmart threw in the towel on Japan after 18 years, selling most of its stake in a local supermarket chain and continuing its retreat from slow-growing global markets in favor of e-commerce bets.

PNC to Buy U.S. Arm of Spain's BBVA for $11.6 Billion 

PNC Financial Services Group agreed to buy the U.S. arm of Spain's BBVA for $11.6 billion, the companies said, in one of the largest bank tie-ups since the financial crisis.

A Little-Known Payments Provider Is Now One of Europe's Most Valuable Finance Firms 

Few companies have benefited more from the online shopping boom sparked by the coronavirus than Dutch payments firm Adyen, whose shares are up almost 120% this year.

Strava Raises $110 Million as More People Seek Outdoor Exercise Amid Pandemic 

The maker of the social networking app for fitness buffs has raised $110 million in a late-stage funding round co-led by Sequoia Capital and TCV that valued the company at more than $1.5 billion, according to people familiar with the matter.

Bruin Sports Capital-Backed Two Circles Buys Sponsorship Firm TRM Partners 

Two Circles Inc., a sports marketing firm owned by media and technology holding company Bruin Sports Capital, has acquired sports sponsorship company TRM Partners, the companies said. The price was $45 million, according to a person familiar with the matte

Elon Musk's SpaceX Launches Four Astronauts Into Orbit 

Elon Musk's SpaceX launched four astronauts into orbit, marking the company's first full-fledged operational mission with humans on board and beginning regularly scheduled commercial flights to the International Space Station.

(END) Dow Jones Newswires

11-16-20 0915ET

Stocks mentioned in the article
ChangeLast1st jan.
ADYEN N.V. 0.65% 1789 Real-time Quote.-6.09%
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. -2.06% 4.088 Delayed Quote.1.31%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.8.12%
PNC FINANCIAL SERVICES GROUP, INC. -4.16% 154.78 Delayed Quote.3.88%
SAUDI ARABIAN OIL COMPANY -0.43% 35 End-of-day quote.0.00%
TRAVERE THERAPEUTICS, INC. -4.81% 27.72 Delayed Quote.1.71%
TYSON FOODS, INC. -0.02% 64.75 Delayed Quote.0.48%
WALMART INC. -1.59% 144.64 Delayed Quote.0.34%
WTI -3.09% 52.11 Delayed Quote.9.44%
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