BlackRock Bets on U.K. Electric-Vehicle Startup Arrival With $118 Million Investment 
 

The New York-based asset manager is joining Arrival's existing backers-auto manufacturers Hyundai and Kia, as well as U.S. delivery giant UPS.


 
Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern 
 

A federally funded clinical trial testing an experimental Eli Lilly & Co. Covid-19 treatment has been paused due to a potential safety concern, the company said.


 
JPMorgan, Citigroup Signal That Economy Isn't Out of the Woods 
 

Both banks reported better-than-expected results, but JPMorgan CEO James Dimon said the U.S. needs another coronavirus-relief package.


 
Apple Reveals Four iPhone 12 Models With 5G Capability 
 

The tech giant revealed its latest iPhone, a device capable of connecting to a 5G cellular network, which investors are betting will spur strong demand.


 
Pilgrim's Pride Reaches Plea Agreement With Justice Department on Chicken Price-Fixing Allegations 
 

Chicken giant Pilgrim's Pride said it has agreed to a plea deal with the U.S. Justice Department to resolve price-fixing charges, and will pay a fine of $110.5 million.


 
Theranos Founder Elizabeth Holmes Loses Bid to Dismiss Criminal Charges 
 

A ruling by a federal judge in California appears to clear the path for Ms. Holmes to go on trial in March.


 
Business Insider Parent Nears Deal to Buy Controlling Stake in Morning Brew 
 

Business Insider parent Insider is nearing a deal to acquire a controlling stake in Morning Brew, a news startup known for a popular email newsletter on business and finance, according to people familiar with the situation.


 
Japan's Polaris Capital Gets $100 Million From Pennsylvania Pension 
 

Buyout firm Polaris Capital Group added the largest Pennsylvania pension system to its investor roster as it gears up to hold a final close for its fifth and largest fund for investing in Japan.


 
Urban Outfitters Promotes CFO to COO as Part of Executive Shuffle 
 

Frank Conforti will take on the role of co-president and chief operating officer.


 
Alternative Meat Producer Raises Additional $135 Million to Drive Growth 
 

The Livekindly Collective, which has amassed five companies since its launch, produces plant-based meat alternatives and operates a lifestyle media platform focused on plant-based living.

(END) Dow Jones Newswires

10-14-20 0715ET