Month: August 2020

Palantir Technologies Inc., one of the oldest Silicon Valley unicorns, told investors it burned through $165 million last year; it plans to list shares as soon as September.

Some companies are beginning to restore cuts they made to managers’ salaries and bonuses, a sign that some industries—and their white-collar workers—are benefiting from glimmers of a recovery while millions of others continue to endure job and income losses.

The Federal Trade Commission this week questioned Facebookfounder Mark Zuckerberg in its probe into whether the social-media giant has violated U.S. antitrust laws

Uber and Lyft will be able to continue conducting business as usual in California for now, after a state appeals court paused a lower-court ruling that required the ride-hailing companies to reclassify their drivers as employees.

Bayer said it will pay $1.6 billion to settle claims that its birth-control device Essure causes serious health complications, the latest in a string of settlements by the German company.

Johnson & Johnson plans to start a late-stage trial for the company’s Covid-19 vaccine in late September, and aims to enroll 60,000 subjects.