June 3, 2020

Walmart removes firearms, ammunition from floor display as protests rage in U.S.

Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an […]
June 3, 2020

Gilead’s remdesivir could see $7 billion in annual sales on stockpiling boost: analyst

Gilead Sciences Inc’s potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to […]
June 3, 2020

Heads of U.S. automakers, other Michigan companies condemn racism, injustice

Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last […]
June 3, 2020

Wall Street rises on Boeing, economic recovery hopes

A jump in Boeing shares led Wall Street higher on Wednesday, with investors hopeful of a rebound from a coronavirus-led economic slump amid continuing social unrest […]
June 3, 2020

U.S. labor market stabilizing as layoffs abate

U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic will […]
June 3, 2020

Global smartphone shipments to fall 12% this year on virus woes: IDC

Global smartphone shipments will fall nearly 12% to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower consumer spending due to […]
June 3, 2020

Trump administration to bar Chinese passenger carriers from flying to U.S.

President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let […]
June 3, 2020

Apple must face U.S. shareholder lawsuit over CEO’s iPhone, China comments

A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens […]
June 3, 2020

U.S. factory orders extend decline in April

New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early […]
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