Cruise Industry Threat
Cruise operators are pushing federal health authorities to let voyages begin in July, but the two sides are clashing on how to restart voyages. The industry argues that the Centers for Disease Control and Prevention’s […]
Deliveroo Seeks $12 Billion Valuation
Deliveroo, backed by Amazon.com Inc., set a price range for its planned London listing with an upward valuation of $12 billion, posing a test for continued investor appetite in online food-delivery services.
In December, U.S. peer […]
WHO Approves AstraZeneca Vaccine
The World Health Organization on Monday authorized the use of the AstraZeneca-Oxford vaccine, clearing a path for the cheap and easy-to-store shots to be distributed in lower- and middle-income countries around the world.
A small clinical […]
Exxon Continues to Struggle
Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, […]
Pfizer Shows Positive Vaccine Data
The drug maker Pfizer announced on Monday that an early analysis of its coronavirus vaccine trial suggested the vaccine was robustly effective in preventing Covid-19, a promising development as the world has waited anxiously for […]
ESPN to Cut 500 Jobs
Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]
Gilead Revenue Rises on Remdesivir Sales
Gilead Sciences Inc.’s revenue rose 17% in the third quarter, helped by sales of its antiviral drug remdesivir that has become a standard treatment for hospitalized Covid-19 patients. Yet sales of the company’s other drugs […]
AMC’s Cash Problem
AMC, the largest cinema chain in the U.S., warned investors on Tuesday is in danger of running out of cash by early 2021. Shares of the company tanked by 7.8% in early trading Tuesday. AMC’s […]
AMC Nears Financing Deal
AMC Entertainment shares jumped as much as 21% after the close of regular trading on Tuesday following a story in the WSJ that the movie theater company is nearing a deal to avoid near-term bankruptcy. […]
Boeing’s Massive Layoff Plan
Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]