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Updated: 4 years 21 weeks ago
FOCUS-Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers
U.S. pharmacy chains are
preparing a big push for flu vaccinations when the season kicks
off in October, hoping to curb tens of thousands of serious
cases that could coincide with a second wave of coronavirus
infections.
Categories: Business News
UPDATE 2-Merck to buy Austrian vaccine maker as it jumps into COVID-19 race
Merck & Co Inc, which
has largely kept to the sidelines of the race for COVID-19
treatments, said it was buying Austrian vaccine maker Themis
Bioscience and would collaborate with research nonprofit IAVI to
develop two separate vaccines.
Categories: Business News
US STOCKS SNAPSHOT-S&P 500 breaches 3,000 mark for first time since early March
U.S. stocks surged at the open and S&P
500 breached a major technical barrier on Tuesday as business
restarts and optimism about a potential coronavirus vaccine
helped investors overlook Sino-U.S. tensions.
Categories: Business News
CANADA STOCKS-Canadian stocks rise as more countries ease lockdowns
Canada's main stock index rose in early
trade on Tuesday as the easing of coronavirus-driven lockdowns
across the world bolstered optimism in the global economic
recovery.
Categories: Business News
Lilly, Junshi Biosciences to start human trials of COVID-19 antibodies
Shanghai Junshi Biosciences Co Ltd
said on Tuesday it planned to start clinical studies
to test its experimental COVID-19 antibodies, developed with
partner Eli Lilly and Co, by the second quarter of the
year in the United States and China.
Categories: Business News
UPDATE 1-Central bank says Russian banking profits fell six-fold in April
Russian bank profits fell to 32
billion roubles ($451 million) in April, a six-fold drop from
March, its central bank said on Tuesday, as a countrywide
coronavirus lockdown took its toll.
Categories: Business News
UPDATE 1-Investment bank Moelis in talks to represent Latam bondholders in bankruptcy- source
Investment bank Moelis & Co
is in talks with a group owning around $3 billion in
bonds and loans owed by Latam Airlines Group SA to
represent them in the company's bankruptcy, one source with
knowledge of the matter said on Tuesday.
Categories: Business News
Steelcase recalls furloughed workers globally, eases pay restrictions
Steelcase Inc said on Tuesday
that it recalled most of its manufacturing employees globally
who were furloughed due to restrictions imposed to curb the
spread of the COVID-19 pandemic.
Categories: Business News
UPDATE 1-Brazil's Centauro prepares share offer worth up to $173 mln -filing
Brazilian sports good retailer
Centauro will sell 25 million shares in an offering to raise
money to finance acquisitions, a securities filing showed on
Tuesday.
Categories: Business News
UPDATE 1-Warner Music seeks $13 bln valuation in Nasdaq debut
Warner Music Group said on Tuesday it
expects to raise up to $1.82 billion in its Nasdaq debut at a
valuation of about $13 billion, as some companies gingerly test
investor appetite after the COVID-19 pandemic put many debuts on
hold.
Categories: Business News
COVID-19 lawsuit takes on McDonald's like it was a rowdy bar
As U.S. businesses reopen, worried
workers and their advocates are borrowing a legal strategy
commonly used to shut down rowdy topless bars to try and force
employers to strengthen protection against further spread of the
coronavirus.
Categories: Business News
NYSE to reopen trading floor closed by coronavirus
The New York Stock Exchange
will partially reopen the trading floors at its iconic 11 Wall
Street building on Tuesday for the first time since March 20
when the bourse was forced to go all-electronic due to the
coronavirus pandemic.
Categories: Business News
FOCUS-Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers
U.S. pharmacy chains are
preparing a big push for flu vaccinations when the season kicks
off in October, hoping to curb tens of thousands of serious
cases that could coincide with a second wave of coronavirus
infections.
Categories: Business News
Musk's SpaceX set for debut astronaut mission, renewing NASA's crewed launch program
Entrepreneur Elon
Musk's SpaceX is set to launch two American astronauts to the
International Space Station on Wednesday from NASA's Kennedy
Space Center in Florida, ending the U.S. space agency's
nine-year hiatus in human spaceflight.
Categories: Business News
UPDATE 4-LATAM becomes largest airline to file for bankruptcy amid coronavirus
Categories: Business News
Merck leaps into COVID-19 development fray with vaccine, drug deals
Merck & Co Inc, which
has largely kept to the sidelines of the race for COVID-19
treatments, said it was buying Austrian vaccine maker Themis
Bioscience and would collaborate with research nonprofit IAVI to
develop two separate vaccines.
Categories: Business News
Warner Music looks to raise $1.82 bln in Nasdaq listing
Warner Music Group said on Tuesday it
expects to raise up to $1.82 billion in its initial public
offering on the Nasdaq stock exchange, as some companies
gingerly test investor appetite after the COVID-19 pandemic put
many debuts on hold.
Categories: Business News
