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News Highlights : Top Company News of the Day

07/20/2021 | 09:16pm EDT
Federal, State Authorities Challenge Purdue's Bankruptcy Deal With Sacklers 

Opposition from the Justice Department and nine attorneys general represents the most significant challenge to Purdue Pharma's plan as it prepares for a bankruptcy trial next month.

Netflix May Find No Business Like Show Business 

The streaming giant confirms interest in videogames as subscriber growth remains mired in a post-pandemic slump.

Autodesk Ends Acquisition Talks with Altium 

Autodesk has ended its talks to potentially acquire Australian software firm Altium after the unsolicited takeover proposal was rejected last month on valuation grounds.

Rio Tinto, Bougainville Residents Strike Deal to Assess Impact of Closed Mine 

Rio Tinto said it has reached an agreement with residents of Bougainville in Papua New Guinea to assess the legacy impact of the Panguna copper mine there.

U.S. Set to Drop Opposition to Nord Stream 2 Pipeline 

The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural gas pipeline, according to officials from Berlin and Washington, who expect to announce the deal as soon as Wednesday, bringing an end to years of tension between the two allies.

Crypto Exchange FTX Valued at $18 Billion 

Investors in the $900 million funding round for the company run by Sam Bankman-Fried include SoftBank, Sequoia Capital and the Third Point hedge fund.

Cvent Nears $5-Billion-Plus SPAC Deal 

The event-management software company owned by Robert Smith's Vista Equity Partners is slated to merge with Dragoneer Growth Opportunities Corp. II in a deal that will take Cvent public.

Bain Capital Buys Medical-Device Parts Business 

The private-equity firm is acquiring medical-equipment parts company PartsSource at a $1.25 billion valuation.

Johnson & Johnson Taps Jones Day to Explore Talc Bankruptcy 

Johnson & Johnson has engaged law firm Jones Day to advise the company as it explores placing a subsidiary in bankruptcy to help settle thousands of personal injury claims linking talcum-based baby powder to cancer, people familiar with the matter said.

Bezos Completes Successful Space Flight 

The Amazon founder and three passengers reached the edge of space and safely returned after a flight of just over 10 minutes that the billionaire businessman hopes will kick-start an expansive new era for human space travel.

(END) Dow Jones Newswires

07-20-21 2115ET

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