GM Stops Backing Trump Administration in Emissions Fight With California

General Motors will no longer back the administration in its legal battle to strip California's authority to set its own fuel-efficiency regulations, saying GM's goals for green cars are aligned with the state and the new Biden administration. 


 
AstraZeneca-Oxford Vaccine Up to 90% Effective in Trials

The success of the vaccine being developed by the University of Oxford and AstraZeneca bodes well for the near-term availability of a third treatment for Covid-19, joining those from Moderna as well as Pfizer and BioNTech. 


 
Guitar Center Files for Chapter 11 Bankruptcy to Outlast Pandemic

Guitar Center Inc. has filed for bankruptcy, planning to cut about $800 million in debt to ensure the nation's largest seller of musical instruments can withstand the economic turmoil caused by the coronavirus pandemic. 


 
Google Plans Fiber-Optic Network to Connect Via Saudi Arabia and Israel for First Time

Project would connect the historical enemies, avoid Egypt and open a new corridor for internet traffic. 


 
GM to Recall 5.9 Million Vehicles With Takata Air-Bag Inflaters

General Motors has agreed to replace potentially faulty Takata air-bag inflaters in millions of its pickups and SUVs, a fix ordered by federal safety regulators that could cost the auto maker more than $1 billion. 


 
Merck to Buy OncoImmune for $425 Million Amid Race for Covid-19 Treatments

The drugmaker is buying biopharmaceutical company OncoImmune, which has reported positive results from a late-stage study of a coronavirus therapeutic candidate, for $425 million in cash. 


 
DuPont's Up-and-Down History Shaped Biden's Views on Business

"Uncle Dupie" was a leading employer and philanthropist in Delaware, but declining profits and global competition put it in the crosshairs of shareholder activist Nelson Peltz. 


 
Regal Cinemas Owner Lands Financial Lifeline, Averting Bankruptcy

The owner of Regal Entertainment Group secured a financial lifeline after creditors supplied the struggling movie theater owner with a rescue loan and other debt relief. 


 
Snap Counters TikTok With Spotlight Feature

The new service, known as Spotlight, pushes the owner of Snapchat into the fraught but potentially lucrative business of viral content. 


 
Danone Fights to Fix a Souring Growth Recipe

Despite a focus on trendy health foods, Danone has lost investor support this year. Winning it back will be hard work as business becomes more competitive.

(END) Dow Jones Newswires

11-23-20 1715ET