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News Highlights: Top Company News of the Day

10/16/2020 | 05:16am EST
Daimler Gains on Strong Earnings, Lifting Sector 

Daimler shares rose sharply after it reported above-forecast third-quarter earnings and the car maker sounded an upbeat note for the rest of 2020 that suggests a positive outlook for the sector.

Senate to Subpoena Twitter CEO Over Blocking of Disputed Biden Articles 

GOP senators said the Judiciary Committee would subpoena Jack Dorsey after his social-media company limited sharing of New York Post articles about Democratic presidential nominee Joe Biden and his son.

Blackstone Raises the Stakes in Wager on Science Buildings 

Blackstone Group is extending its big bet on biotechnology and other life-science buildings, a hot field in the real-estate world that is heating up even more as scientists pursue a vaccine for Covid-19.

Pfizer, BioNTech Race to Meet Global Covid-19 Vaccine Needs 

Both companies said they are confident they will be able to deliver all the doses they have already agreed to provide to governments, including the U.S. and the European Union.

FCC to Review Liability Shield for Internet Platforms 

The procedure is a step toward the Trump administration's goal of combating what it views as anticonservative bias in social-media platforms' content-moderation practices.

Business Groups Urge Trump to Withdraw Order on Diversity Training 

More than 150 business and nonprofit groups, including the U.S. Chamber of Commerce, are asking President Trump to withdraw his executive order that puts a limit on some diversity training.

Trump Organization Considers Sale of Its Seven Springs Property 

The Trump Organization is considering selling its sprawling Westchester, N.Y., estate, according to people familiar with the matter, after years of unsuccessful development attempts.

Battery maker Exide is plowing ahead with efforts to walk away from contaminated sites in 10 states through bankruptcy, over a challenge from authorities in California, home to some of the company's most toxic facilities.

YouTube Becomes Latest Tech Giant to Curb QAnon 

YouTube took action against the conspiracy group QAnon, banning videos that call for violence, following the lead of social-media companies that have cracked down on such content.

Morgan Stanley Profit, Revenue Rise 

The Wall Street firm said its quarterly profit rose 25% from a year ago, another big U.S. bank to skate unscathed through the rockiest economy in years. Trading revenue increased 20%, following the trend at rivals.

(END) Dow Jones Newswires

10-16-20 0515ET

Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE 3.03% 106.36 Delayed Quote.26.63%
DAIMLER AG 1.95% 59.04 Delayed Quote.0.21%
MORGAN STANLEY -0.47% 74.47 Delayed Quote.9.21%
PFIZER INC. -0.45% 36.3315 Delayed Quote.-0.84%
SQUARE, INC. -2.72% 220.6298 Delayed Quote.4.14%
THE BLACKSTONE GROUP INC. 0.74% 65.69 Delayed Quote.0.63%
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