$Meta Platforms(FB.US)$ Names $DoorDash(DASH.US)$ CEO to Board
Tony Xu joins a board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg.
Medicare to Pay for $Biogen(BIIB.US)$'s New Alzheimer's Drug in Clinical-Trial Patients
The Centers for Medicare and Medicaid Services said it will cover the cost of the drug Aduhelm, but as part of further clinical testing.
Judge Rejects Facebook's Request to Dismiss FTC Antitrust Suit
The Federal Trade Commission can move forward with its revised complaint case alleging the tech company is abusing a monopoly position in social media.
$Afterpay Ltd.(AFTPF.US)$'s Acquisition by Block Cleared for Completion
Block's acquisition of Afterpay has cleared its final regulatory hurdle and will be implemented on Feb. 1, the Australian buy-now-pay-later provider said.
GM Takes Aim at $Carvana(CVNA.US)$, $Vroom(VRM.US)$ With Used-Car Website
The auto maker's new CarBravo a marketplace will let U.S. $General Motors(GM.US)$ dealers sell used cars online, a move that adds new competition to the used-vehicle market and reflects a strategic shift for GM.
J.C. Penney Names Two Retail Veterans to Boost Digital Efforts
The department-store chain is tapping tech talent from Gap and Neiman Marcus as part of a digital revamp.
Bank Stocks Could Be Big Winners Ahead of Potential Fed Rate Rises
Investors are betting that looming interest-rate increases will fuel profits in financials and make the sector more attractive than tech, one of the main contributors to last year's rally.
$United Airlines(UAL.US)$ Reports No Covid-19 Deaths Among Vaccinated Employees in Past Eight Weeks
About 3,000 workers have tested positive for Covid-19 as Omicron variant disrupts airline industry.
$Citigroup(C.US)$ to Exit Mexico Consumer Banking Business
CEO Jane Fraser has been trying to simplify the bank, concentrating on wealthy consumers and companies.
Boeing Loses Ground to Airbus on Jet Deliveries
$AIRBUS SE(EADSY.US)$ has outpaced $Boeing(BA.US)$ in deliveries for three straight years, as Boeing continues to deal with production issues.