Reuters

Google and Facebook parents fined millions by South Korea for violating privacy law

• South Korea has imposed fines in the millions alphabet inc WELL Google Google and Metaplatforms Inc META following allegations of data protection violations.
• That Commission for the Protection of Personal Data said it fined Google 69.2 billion won ($50 million) and Meta 30.8 billion won ($22 million).

COVID-19 vaccine delivery to China? Moderna CEO says capacity is available

• Moderna Inc MRNA CEO Stephane Bancel said the company has been in talks with the Chinese government about supplying COVID-19 vaccines, but no decision has been made yet.
• “We are open. We have the capacity,” Bancel said, but declined to say if Moderna had submitted its vaccine for approval in the country.

Bed Bath & Beyond interim CEO will stay on the job for at least a year

• Bed Bath & Beyond Inc BBBY Interim CEO Sue Gove is expected to remain in office for at least 12 months.
• The report notes that the retailer will not select a new leader well into 2023, citing two sources familiar with the matter.
• Gove was appointed interim CEO in June, replacing Mark Tritton following a slump in sales.

Bloomberg

Visa says new gun control system ineffective to control mass shootings

• visa inc v warned of the new system, which gun control advocates see as curbing mass shootings.
• The International Organization for Standardization has approved a new merchant category code that banks will use when processing arms and ammunition deals. The MCC is likely to help banks spot suspicious activity at these retailers.
• However, Visa noted that MCC does not have access to data showing which products consumers are purchasing.

Following investor Flak, German healthcare giant Bayer is beginning a search for a new CEO

• Bayer AG BAYRY has started the search for a successor to CEO Werner Baumann.
• The new CEO search could mean Baumann, whose…