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News Highlights: Top company news of the weekend

Dow Jones Newswires ·  Jul 12, 2021 02:26
  • $VOLKSWAGEN A G(VWAGY.US)$ Sees Global Chip Shortage Worsening

    The German auto maker and others in the industry are giving up hope that the chip shortage that has crimped production might ease this year.

  • FDA Seeks Probe of Talks Between Staff, $Biogen Inc(BIIB.US)$ on Alzheimer's Drug

    The agency's chief is taking the highly unusual step of asking for a federal investigation of FDA doctors who met with the makers of an Alzheimer's drug before the medicine's regulatory approval.

FDA calls for investigation into its own approval of Biogen's Alzheimer's drug

$Blackrock(BLK.US)$ Tweaked Some Models. It Triggered A Wave of Buying and Selling.

In late May, an obscure BlackRock commodities ETF took in more than $1 billion in new money in less than a week. One driver of the movement was the fund firm itself.

App Annie Explores Strategic Options, Including a Possible Deal or IPO

App research company App Annie is exploring its strategic options, including the possibility of making an acquisition or going public, Chief Executive Ted Krantz said

News Corp Closes Knewz.com After Launching $Alphabet Inc-CL C(GOOG.US)$ Google News Rival Last Year

Closure of the unprofitable aggregation site comes nearly five months after the media company reached a content-licensing deal with the search giant.

$Stamps.com Inc(STMP.US)$ to Be Bought by Thoma Bravo in $6.6 Billion Cash Deal

The e-commerce shipping software company will become a private company after the deal is completed.

Klarna Buys Online Commerce Startup Hero

Klarna Bank AB, one of Europe's most valuable financial startups, said it struck a deal to buy e-commerce technology firm Hero Towers Ltd., a move that will expand its foothold in online shopping.

$BASF SE(BASFY.US)$ Earnings, Sales Jump

BASF said that earnings and sales for the second quarter surged amid higher prices and volumes, according to preliminary figures, prompting the company to raise its targets for the year.

$Philip Morris International Inc(PM.US)$ Buys Inhaled-Medicine Company Amid Health Push

The tobacco maker said the acquisition of the U.K.'s Vectura for $1.24 billion in cash is part of its evolution into a broader healthcare and wellness company.

Source: Dow Jones Newswires

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