News Highlights: Top Company News of the Day

11/23/2020 | 03:16am
AstraZeneca, Oxford Vaccine Up to 90% Effective in Late-Stage Trials 
 

The Covid-19 vaccine being developed by the University of Oxford and AstraZeneca was found to be as much as 90% effective in preventing infections without serious side effects in a large clinical trial in the U.K. and Brazil.

 
Zurich Insurance in Talks to Acquire MetLife's Car, Home Insurance Unit 
 

Zurich's announcement confirms part of a report by Reuters that the Swiss company is in advanced talks to acquire MetLife's car and home insurance unit for close to $4 billion, citing people familiar with the matter.

 
CoStar to Buy Homesnap for $250 Million 
 

CoStar Group, one of the world's largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap.

 
FDA Authorizes Regeneron's Covid-19 Antibody Cocktail Drug 
 

Regeneron's Covid-19 antibody drug is the second cleared this month to treat patients who aren't hospitalized but are at high risk of developing severe disease.

 
Bain Capital Raises $800 Million for Second Impact Investing Fund 
 

Bain Capital has raised $800 million in fresh capital to back businesses that the firm bets will benefit not only fund investors but also society at large.

 
Evergrande Property Services Plans $2.04 Billion Hong Kong IPO 
 

A unit of China Evergrande Group is planning to raise up to $2.04 billion through an initial public offering in Hong Kong, the latest Chinese firm to tap the city's hot equities-fund raising market.

 
The World After Covid Could Shake Up Business Flights 
 

A smaller, more price-sensitive corporate market is likely to become a new battleground between low-cost and legacy airlines.

 
Walmart Heirs Back Startup Developing $10 At-Home Covid-19 Tests 
 

The billionaire Walton family that controls the retail giant is among a group of investors in NowDiagnostics, a startup aiming to design at-home coronavirus tests to sell for as little as $10 in Walmart stores and elsewhere.

 
Judge Sides With Steve Wynn Over Attempt to Bar Him From Las Vegas Casino Industry 
 

A Las Vegas judge has sided with former casino magnate Steve Wynn in Nevada regulators' attempt to ban him from the gambling industry over sexual-misconduct allegations.

 
Smithfield Settles Lawsuits Over Noise, Smell of Hog Farms in North Carolina 
 

The settlement brings an end to more than two years of litigation over the noise and odors produced by traditional methods of hog farming, which include storing waste in open lagoons.

(END) Dow Jones Newswires

11-23-20 0315ET

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