JPMorgan Chase & Co. posted its highest-ever quarterly profit after releasing $2.9 billion in funds it had set aside to cover soured loans. The bank's profit jumped 42% to $12.14 billion, or $3.79 per share, far past the $2.62 per share forecast by analysts polled by FactSet. A year earlier,...

President-elect Joe Biden is calling for a $1.9 trillion Covid-19 relief plan to help Americans weather the economic shock of the pandemic and pump more money into testing and vaccine distribution. Mr. Biden in a speech Thursday night described his priorities related to the pandemic for the...

Shares in Telefonica SA traded higher on Wednesday after subsidiary Telxius Telecom SA agreed to sell its European and Latin American telecommunication-tower divisions for 7.7 billion euros ($9.40 billion). Under the agreement, Telxius is selling roughly 31,000 telecommunication-tower sites to...

Steris PLC agreed to buy Cantel Medical Corp. in a deal that will bring together two big providers of sterilization products. The mostly stock deal values Cantel at around $3.6 billion, or $84.66 a share, based on Steris' closing price Monday, the companies said. Cantel shareholders would get...

The pharma firm Eli Lilly said Monday that its experimental Alzheimer's drug slowed the decline of early-stage Alzheimer's patients in a Phase 2 trial, scrambling the race to bring the first drugs to slow progression of the deadly disease. Lilly (ticker: LLY) said that its experimental antibody...

Airbus SE said that its deliveries dropped 34% in 2020, with 566 commercial aircraft delivered to 87 customers. The European aerospace giant said it received 383 new orders during the year and net orders came in at 268, compared with 768 in 2019. Airbus said it had a backlog of 7,184 aircraft...

Bayer AG said Thursday that it has agreed to collaborate with CureVac NV to support the development and supply of the U.S.-listed biopharmaceutical company's Covid-19 vaccine candidate CVnCoV. Under the agreement, the German chemical and pharmaceutical conglomerate will support CureVac with...

Swiss cement manufacturer Lafarge-Holcim announced Thursday that it has reached an agreement to acquire U.S. roofing solutions specialist Firestone Building Products (FSBP) from Bridgestone Americas, a subsidiary of Japanese tire maker Bridgestone Corporation, for $3.4 billion. The transaction,...

The final day of voting in a pair of U.S. Senate runoff elections in Georgia capped a high-profile and costly fight that left hanging the question of which party will control the chamber as well as the scope of President-elect Joe Biden's legislative agenda. As Election Day drew to a close, both...

The New York Stock Exchange reversed its decision to delist China's three largest telecommunications companies, after consulting with regulatory authorities about a recent U.S. investment ban. In a statement released Monday night, the Big Board said "it no longer intends to move forward with the...