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AT&T's Hollywood Ending Erased Billions in Value
The telecommunications giant is giving up its dreams of marrying content and distribution?one of the biggest about-faces in corporate deal history. Company plans to spin off HBO, CNN, Warner Bros. studio and other assets.
Apple Set to Call Tim Cook to Witness Stand to Fight Monopoly Claims
The iPhone maker?s chief executive is set to argue the company?s case against Epic Games? antitrust claims.
U.S. to Increase Vaccine Exports Amid Pressure
The Biden administration intends to share 20 million doses of Covid-19 vaccines produced by Moderna, Pfizer and J&J with other countries by the end of June.
Elliott Urges Duke Energy to Consider Separation Into Three Companies
The activist investor is seeking board seats at Duke and wants the company to form a strategic-review committee.
Stop New Oil Investments to Hit Net-Zero Emissions, IEA Says
Investment in new fossil-fuel supply projects must immediately cease if the world is going to slash net carbon emissions to zero by 2050, the Paris-based energy watchdog said.
Pandemic Hit Less-Educated Workers Hardest, Fed Survey Shows
Economic well-being fell sharply for people without a high-school degree in 2020, while rising for more-educated groups.
Japan's Recovery From Pandemic Slows
Japan?s economy shrank in the first quarter of 2021 amid a resurgence of Covid-19 infections, but is expected to return to growth as soon as the current quarter with help from manufacturing exports.