News Highlights: Top Company News of the Day

06/10/2021 | 09:16pm
Didi Chuxing, China's Ride-Hailing Giant, Unveils U.S. IPO Filing 

Didi, which filed under its formal name of Xiaoju Kuaizhi, could fetch a valuation upward of $70 billion, people familiar with the matter said.

American Airlines Invests in Electric Flying Taxis 

Investments in the vehicles are part of broader effort by airlines to spur the development of new, more efficient aviation technology as they seek to reduce their carbon footprint.

Amazon Faces Possible $425 Million EU Privacy Fine 

Luxembourg has circulated a draft decision sanctioning Amazon's privacy practices and proposing the fine among the bloc's 26 other national authorities.

Moderna Covid-19 Vaccine Submitted for Authorization in Adolescents 

Moderna said it has asked U.S. health regulators to authorize the use of its Covid-19 shot for adolescents ages 12 to 17, potentially lining up a second vaccine option for teens by as soon as July.

U.S. Suspends J&J Covid-19 Vaccine Shipments as States Face a Surplus of Expiring Doses 

The U.S. government has stopped making the J&J Covid-19 vaccine available to states, as federal and state officials try to clear a backlog of unused doses before they expire.

Electronic Arts Discloses Hack of 'FIFA 21' Source Code 

No player data was accessed, they company says, adding that it doesn't believe there is any risk to player privacy.

United Airlines Starts Corporate Venture-Capital Fund 

United Airlines Holdings has started a corporate venture-capital fund that will invest in emerging companies related to travel.

Tesla to Introduce Upgraded Model S to Jump-Start High-End Model Sales 

Elon Musk is due to release a redesign of Tesla's Model S luxury sedan in a bid to reinvigorate demand for a car that helped turn the company from a niche startup to an electric-vehicle maker with global reach.

Judge Dismisses Anti-Money-Laundering Charges Against MoneyGram 

The order concludes a settlement agreement the company entered into in 2012 for failing to prevent mass-marketing and consumer-fraud phishing schemes.

Investor Sues Chinese E-Cigarette Maker RLX for Allegedly Misrepresenting Risks 

The lawsuit, submitted Wednesday by shareholder Alex Garnett in the U.S. District Court for the Southern District of New York, alleges RLX's registration statement from last October omitted the impact of ongoing efforts by Chinese regulators to tighten sales of electronic cigarettes.

(END) Dow Jones Newswires

06-10-21 2115ET

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