Bain-Led Group to List Japanese Chip Maker Valued at $20 Billion

A Japanese memory-chip maker owned by a Bain Capital-led consortium said it planned to list its shares on Oct. 6 and estimated its value at $20 billion, making it one of the year's largest initial public offerings. 


 
Freddie Mac, Fannie Mae Extend Foreclosure Sales, Evictions

Freddie Mac and Fannie Mae have extended their nationwide suspension of foreclosures and evictions on mortgages and real estate owned or guaranteed by the companies through Dec. 31, 202 


 
Wix Could Light Up Again With Payments

Wix.com helps small businesses get online, and it's also increasingly helping them with payments. That puts it right in Wall Street's happy place. 


 
Jack Ma's Ant Remains in Regulators' Crosshairs Ahead of Giant IPO

Ant Group, the startup controlled by Jack Ma that is gearing up for a two-part initial public offering, wants potential investors to see it as a technology company-but it remains in focus with China's financial regulators. 


 
Abbott's $5 Covid-19 Rapid Antigen Test Gets Emergency-Use Status From FDA

The Food and Drug Administration has granted emergency-use authorization to Abbott Laboratories for a $5 rapid-response Covid-19 antigen test that is roughly the size of a credit card. 


 
As Job Losses Loom, the Airline Recovery Is Under Threat

Uncertainty about travel restrictions is slowing the rebound in flights and could also be hitting how much carriers make from each ticket sold. 


 
Forget Interest. Startup PrizePool Hopes to Bring in Savers With Cash Prizes

Customers will get a virtual ticket for each dollar they deposit in their account, with $50,000 in prizes on offer each month. 


 
Builders FirstSource, BMC Stock to Combine in an All-Stock Deal

Builders FirstSource and BMC Stock Holdings plan to combine in an all-stock deal that would join two of the largest suppliers of residential building materials. 


 
TikTok CEO Kevin Mayer Quits as Trump Pushes Chinese App to Sell U.S. Business

Chief Executive Kevin Mayer said he is leaving the social-media platform after being on the job for about three months, as the company comes under increasing pressure from the White House over its ties to China. 


 
Chinese Tesla Rival to Raise $1.5 Billion in U.S. IPO

Xpeng will raise more than initially planned because of investor demand, selling 99.73 million American depositary shares at an offer price of $15.