Regeneron's Antibody Drug Cuts Risk of Death in Some Covid-19 Patients 
 

Trial results for REGEN-COV buoy hopes that doctors could soon have a new way to tackle severe hospital cases.

 
Alibaba Falls Victim in Large Data Leak 
 

A Chinese software developer trawled the popular Taobao shopping website for eight months, collecting more than 1.1 billion pieces of user information including IDs and phone numbers, a Chinese court verdict said.

 
Chinese Trucking Startup Seeks to Raise Up to $1.6 Billion in U.S. IPO 
 

Full Truck Alliance, which provides an Uber-like service for the road-haulage industry, is targeting a maximum valuation of roughly $21 billion.

 
FDA Authorizes More Covid-19 Vaccine Doses From Troubled Plant 
 

The agency cleared 15 million doses, bringing the total doses authorized for export to 25 million, according to a senior U.S. official.

 
Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo 
 

The deal for the textbook publisher and educational-technology company is valued at about $4.5 billion, including debt.

 
Southwest Airlines Flights Thrown Into Disarray by Technical Problems 
 

The second day in a row of disruptions led the airline to cancel 500 flights.

 
Oracle Reports Record Annual Profit, Revenue 
 

Oracle Corp. reported an 8% revenue increase in the latest period, ending the year with a record $40.48 billion in revenue.

 
Megaworld Unit Plans Philippines' Biggest REIT Offering 
 

MREIT Inc., a unit of Megaworld Corp., is planning to raise $567.4 million through a listing, which, if successful, would be the largest such fundraising in the country by a real-estate investment trust.

 
U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight 
 

The move to end the longest and most costly spat in the history of the WTO will significantly reduce trade tensions between the two economies.

 
DraftKings Shares Fall After Research Firm Unveils Short Position 
 

Short seller Hindenburg Research alleges that the sports-betting company's gambling-technology subsidiary operates in countries where gambling is banned, an allegation that DraftKings denies.

(END) Dow Jones Newswires

June 16, 2021 03:00 ET (07:00 GMT)