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News Highlights: Top company news on 3/22

Dow Jones Newswires ·  2021/03/22 08:33  · Headline

The struggling videogame retailer is expected to post its strongest quarterly revenue and profit in two years.

The proposed deal valuing Crown at around $6 billion hinges on regulators maintaining the company's casino licenses amid investigations into its business practices.

Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

AstraZeneca's Covid-19 vaccine was shown to be safe and 79% effective in preventing symptomatic disease in U.S. clinical trials involving more than 32,000 people, the U.K. drugmaker said.

  • ByteDance to acquire Shanghai gaming company to expand internationally

ByteDance said its gaming unit will acquire Chinese gaming firm Shanghai Moonton Technology to expand internationally.

Tesla would never provide the U.S. government with data collected by its vehicles in China or other countries, Elon Musk, the company's chief executive, told a high-level conference in China Saturday.

The tax-deadline extension shouldn't hurt full-year revenue, but expectations are still high for an expansion of opportunities.

Source: Dow Jones Newswires

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