Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S. 
 

Moderna Inc. said Tuesday it agreed to provide the U.S. government 100 million doses of its experimental coronavirus vaccine in exchange for more than $1.5 billion.

 
Authentic Brands-Simon Venture to Buy Brooks Brothers for $325 Million 
 

A venture backed by apparel-licensing firm Authentic Brands Group and mall owner Simon Property Group has agreed to buy Brooks Brothers Inc. for $325 million.

 
Kodak Chief Says Company Supports Federal Decision to Halt Loan 
 

CEO Jim Continenza said Kodak supports a federal agency's decision to halt a potential loan to the company, adding that the preliminary deal with the government requires more work.

 
Hertz Spent $13 Million on Bankruptcy Consulting in Year Before Filing 
 

The rental-car company racked up more than $13 million in bankruptcy-related consulting bills in the year leading up to its chapter 11 filing in May.

 
Tesla to Enact 5-for-1 Stock Split 
 

Tesla Inc. said it would enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as Chief Executive Elon Musk navigated the pandemic.

 
Court Throws Out Antitrust Ruling Against Qualcomm 
 

A federal appeals court threw out a trial judge's antitrust judgment against Qualcomm, ruling the federal government hadn't shown the chip maker engaged in illegal monopolization.

 
Cathay Pacific Airways Hit by Heavy Losses on Pandemic 
 

Hong Kong's flagship carrier, Cathay Pacific Airways Ltd., swung to a heavy loss of US$1.27 billion in the first half of the year after Covid-19 restrictions hammered its business.

 
Lehman Loses Effort to Recover $1 Billion From Investors 
 

A federal appeals court is letting investors keep roughly $1 billion they received from Lehman Brothers after its 2008 bankruptcy filing triggered the liquidation of dozens of collateralized debt obligations.

 
TikTok Tracked User Data Using Tactic Banned by Google 
 

TikTok skirted a privacy safeguard in Google's Android operating system to collect unique identifiers from millions of mobile devices, data that allows the app to track users online without allowing them to opt out, a Wall Street Journal analysis has found.

 
McDonald's Board Faces New Scrutiny of Investigation Into Ex-CEO 
 

Some investors and corporate-governance groups are questioning the handling of Steve Easterbrook's departure and the supervision of the company.

(END) Dow Jones Newswires

August 12, 2020 01:15 ET (05:15 GMT)