Business

Friday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.

Moderna vaccine

Moderna is prepping for the global launch its potential coronavirus vaccine.

It said it was in ongoing talks with the World Health Organization-backed COVAX initiative on a tiered pricing proposal for its potential vaccine.

Moderna has said previously that it is on track to submit its vaccine trial data for emergency use authorization to the FDA by Christmas.

Netflix

Netflix’s prices are going up.

Trending Headlines

The streaming media company is raising the prices on its standard and premium plans for U.S. customers. Its standard plan is now $14 a month, up a $1 a month from last year.

Its premium subscription will go up $2 to $18 a month. Its basic plan remains unchanged at $9 a month.

JCPenney and Simon

JCPenney is exiting bankruptcy.

The department store announced Thursday evening that it entered into an asset purchase agreement with retail real estate giants Brookfield Asset Management and Indianapolis-based Simon Property Group.

The deal allows it to move forward ahead of the critical holiday shopping season.

Carrier

Carrier says its business has been helped by people installing new HVAC systems to improve air flow to prevent virus spread.

The year-over-year growth was driven by record demand in North America HVAC, which was up 46% year-over-year and an improved economic climate.

Aggressive cost control also helped in driving profitability.

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