Moderna Vaccine Trial: How Upbeat Coronavirus News Fueled a Stock Surge

When the biotech company Moderna announced early on Monday morning positive results from a small, preliminary trial of its coronavirus vaccine, the company’s chief medical officer described the news as a “triumphant day for us.”
Moderna’s stock price jumped as much as 30 percent…

SoftBank in Crisis Amid Record Losses

TOKYO — His flagship tech fund is losing money. His company just posted billions in losses. And a key ally, the Chinese technology mogul Jack Ma, stepped aside.
Yet Masayoshi Son, the exuberant chief executive of the Japanese conglomerate SoftBank, mustered another spirited defen..

First Quarter Earnings Were Terrible, But Executives Offer Some Hope

After a Terrible First Quarter, Executives Offer Some HopeWhile the pandemic has made it hard to offer forecasts, some corporate leaders said things might be getting a little better — or at least no worse.
The coronavirus pandemic is hurting many companies, but that didn’t stop s..

Adam Neumann, WeWork’s Former Chief, Sues SoftBank

Adam Neumann, WeWork’s Former Chief, Sues SoftBankThe lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.
Adam Neumann’s lawsuit claims that SoftBank “was secretly taking actions to undermine” the deal.C..