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World Bank Lowers 2021 Growth Forecast to 4%
There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
P&G Scraps Deal to Buy Billie Razor Startup
The termination of the proposed merger comes after regulators alleged it would cause "significant harm" to consumers.
Google Workers Form a Union
The ‘minority union’ will have limited power under U.S. labor law until it is supported by a majority of employees.
Airlines Expect Turbulent 2021
Last year's falloff erased two decades of passenger growth.
Amazon-Backed Health Venture to Shut Down
The Haven venture with Berkshire Hathaway and JPMorgan apparently ran into logistical problems after promising to disrupt corporate health care.
MGM Offers $11B for U.K. Gaming Firm Entain
The owner of Ladbrokes rebuffed the proposal, saying it "significantly undervalues the company and its prospects."
China Vows Retaliation After NYSE Announces Plans to Delist Telecoms
The incoming Biden administration has struck a more conciliatory tone following a Trump executive order.
SEC Backs NYSE Plan for Non-Traditional IPOs
The commission voted to allow companies to raise new capital through a “direct” listing, giving them an alternative to paying hefty underwriting fees.
Short Sellers Fleeing Netflix, Alphabet, and Other Tech Names
Some big-name tech stocks are among the five stocks that have experienced the most net short-covering in the past 30 days.
Justice Department Sues Walmart Over Opioid Prescriptions
The retail giant called the suit a "transparent attempt to shift blame" and vowed to defend itself in court.
IAC to Spin Off Vimeo
The transaction would be the eleventh such spinoff for the media giant.
Peloton Bulks Up by Buying Precor for $420M
The deal will enable Peloton to add production capacity for its at-home fitness equipment amid increased demand fueled by the coronavirus pandemic.
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