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News Highlights: Top Company News of the Day

10/16/2020 | 07:16am EST
Pfizer Could Apply for Emergency Use of Covid Vaccine by Late November 

Drug giant Pfizer said it could be ready to apply for emergency-use authorization of its Covid-19 vaccine by late November, assuming it receives positive efficacy and safety data from late-stage human trials.

LVMH Is Firing on the One Cylinder That Matters 

Take away Louis Vuitton and Christian Dior and the world's biggest luxury company looks down at heel. All that matters for now, though, is the rapid recovery of those two brands.

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.

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.

OCC Fines Morgan Stanley Units for Data Security Incidents 

The Office of the Comptroller of the Currency, which regulates Morgan Stanley Bank NA and Morgan Stanley Private Bank NA, announced the penalty on Oct. 8. In both cases, sensitive information may have been left on decommissioned hardware.

Former Teen Startup Founder Josh Buckley Raising $150 Million for Solo Fund 

Josh Buckley, a former teenage startup founder and angel investor, is raising his second venture-capital fund, according to people familiar with the matter, joining a growing group of solo general partners who are changing the early-stage venture market.

Automation Startup Hyperscience Raises $80 Million 

The New York-based company, which does business as Hyperscience, has about 200 employees. It has raised $190 million since it was founded in 2014, including $60 million in June.

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.

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.

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.

(END) Dow Jones Newswires

10-16-20 0715ET

Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE 2.03% 441.4 Real-time Quote.-4.84%
DAIMLER AG 4.15% 57.91 Delayed Quote.-3.79%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 3.39% 507.7 Real-time Quote.-3.89%
MORGAN STANLEY -0.15% 74.96 Delayed Quote.9.43%
PFIZER INC. -0.56% 36.53 Delayed Quote.-0.22%
SQUARE, INC. -0.07% 226.99 Delayed Quote.4.42%
THE BLACKSTONE GROUP INC. 1.36% 65.255 Delayed Quote.-0.62%
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