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News Highlights: Top Company News of the Day

04/18/2021 | 09:16pm EDT
J&J Vaccine Pause Driven by Risk of Mistreating Clots 

Officials decided behind the scenes that strong action was needed to alert the public and doctors to unusual cases and their nonstandard treatment.

Fatal Tesla Crash in Texas Believed to Be Driverless 

Two men died after a Tesla vehicle that authorities believe was operating without anyone in the driver's seat crashed into a tree Saturday night north of Houston.

BP Aims to Stop Flaring Gas in America's Top Oil Field 

The U.K. oil giant burns off more unwanted natural gas than its peers in the Permian Basin, but it is now investing heavily to phase out the controversial practice.

Orocobre, Galaxy to Create New $3.06 Billion Lithium Miner 

Orocobre Ltd. agreed to buy rival Australian miner Galaxy Resources Ltd. in an all-stock deal that will create one of the world's biggest producers of lithium, a commodity used in batteries for electric vehicles and other high-tech products.

Hotel Magnate Seeks Help to Save Tribune Publishing Bid After Partner's Withdrawal 

Choice Hotels International Chairman Stewart Bainum remains committed to finding ways to move ahead with a plan to outbid hedge fund Alden Global Capital for the newspaper company.

Drugmakers Go on Trial Over Opioid Epidemic 

Four pharmaceutical companies are slated to go on trial Monday in California over claims they fed the opioid crisis, in a proceeding that could help finalize multibillion-dollar settlements with state and local governments.

WeWork's New Stock-Listing Plan Has Echoes of Its Past 

The shared office-space company is touting fast future growth and high profitability, similar to the approach that concerned regulators the first time it tried to go public.

Naspers Has a $100 Billion Headache 

Africa's largest-listed company is struggling with a remarkably successful investment it made years ago in Tencent-that is, how to unlock value for shareholders without cashing out on one of the world's biggest tech companies.

Netflix Is Chill About Pandemic's End 

The streaming company faces tough comparisons with its pandemic surge, but dislodging it from the top position will still be hard.

Oaktree Offers to Finance Buy Back of James Packer's Crown Shares 

Australian casino operator Crown Resorts Ltd. said it received a proposal from Oaktree Capital Management to finance a buy back of Crown shares that are currently held by billionaire James Packer's investment firm.

(END) Dow Jones Newswires

04-18-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.12% 0.733 Delayed Quote.-4.60%
BRITISH POUND / US DOLLAR (GBP/USD) -0.05% 1.3886 Delayed Quote.1.70%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.15% 0.80054 Delayed Quote.2.11%
CHOICE HOTELS INTERNATIONAL, INC. -0.80% 119.9 Delayed Quote.12.34%
CROWN RESORTS LIMITED -1.94% 8.61 End-of-day quote.-10.59%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
EURO / US DOLLAR (EUR/USD) -0.06% 1.18594 Delayed Quote.-2.84%
GALAXY RESOURCES LIMITED 3.56% 4.66 End-of-day quote.108.97%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.04% 0.013446 Delayed Quote.-1.75%
LONDON BRENT OIL -1.29% 74.22 Delayed Quote.46.69%
NASPERS LIMITED -1.31% 2822 End-of-day quote.-6.54%
NETFLIX, INC. 0.65% 517.57 Delayed Quote.-4.28%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.24% 0.6952 Delayed Quote.-2.86%
OROCOBRE LIMITED 3.38% 8.25 End-of-day quote.84.56%
TENCENT HOLDINGS LIMITED -2.64% 479 End-of-day quote.-15.07%
TESLA, INC. 1.45% 687.2 Delayed Quote.-2.62%
TRIBUNE PUBLISHING COMPANY 0.41% 17.26 End-of-day quote.25.99%
WTI -1.26% 72.878 Delayed Quote.52.09%
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