For SoftBank Group Corp Chief Executive Officer Masayoshi Son, selling a stake in Arm, the British semiconductor firm that kicked off his tech spending splurge, cannot have been part of the plan. At least, not yet. When SoftBank agreed to buy the Cambridge, England-based firm for 24 billion pounds ($32 billion) four years ago, the expectation was that it wouldn’t ...

About two months after Moderna Therapeutics Inc released preliminary Covid-19 vaccine data that sent the stock market into a tizzy, the company published a complete look at the initial human trial of its drug — and it promptly moved the market again. Moderna shares surged 20% on the results in after-market trading, and stocks in general got a loft as ...

Bloomberg Virgin Atlantic Airways Ltd announced a 1.2 billion-pound ($1.5 billion) rescue in a major victory for Richard Branson, who snatched his UK airline from the brink of failure under the weight of the coronavirus crisis. US hedge fund Davidson Kempner Capital Management will provide about 170 million pounds in secured financing, according to a statement, while Branson will contribute ...

Bloomberg Heathrow Airport is introducing cleaning robots and other measures to try to reduce the risk of virus transmission at the UK aviation hub as the country eases travel restrictions. The robots use ultraviolet rays to kill viruses and bacteria at night, according to a statement from the airport, which didn’t say how many of the machines were being deployed. ...

Bloomberg EasyJet Plc Chairman John Barton said he expects shareholders to approve the British carrier’s 419 million pound ($524 million) share sale, providing a financial buffer as it contends with a slow recovery from the coronavirus shutdown. The Luton, England-based airline received proxy votes worth 60% of share capital in favour of the conditional part of a 703 pence-a-share equity ...

Bloomberg Lojas Americanas, the Brazilian retailer controlled by billionaire trio Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, raised at least $1.1 billion in a share sale, four people familiar with the transaction said. The firm sold preferred shares at 34.50 reais ($6.43) each, the people said, asking not to be named because the information isn’t public yet. It ...

Bloomberg Boeing Co’s order stockpile shrank further last month as more airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market devastated by the coronavirus pandemic. The planemaker recorded 60 Max cancellations in June, including 47 that were already announced, according to the company’s website. The tally excluded Norwegian Air Shuttle ASA’s move to ...

Bloomberg Thrasio, an acquirer of private label businesses on Amazon.com, has raised $260 million in a series C funding round led by private equity firm Advent International. The deal values the company at $1 billion, according to a joint statement from the company and Advent. Thrasio, among the top 25 sellers on Amazon, has more than $300 million in pro ...

Bloomberg Donald Trump ordered an end to Hong Kong’s special status with the US and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city, drawing a rebuke from China and adding fresh uncertainty for businesses including banks in the financial hub. “No administration has been tougher on China than this administration,” the ...

Bloomberg A Russian military hospital discharged the first group of 18 volunteers in a vaccine trial after a 28-day observation period, calling the initial phase a success, according to an emailed statement from the Defense Ministry. The group had no health complaints, complications or adverse reactions to the vaccine, according to the statement. They will come back for further tests ...