June 2, 2020

Tech advocacy group’s lawsuit says Trump’s order on social media is unconstitutional

An advocacy group backed by the tech industry filed a lawsuit on Tuesday against President Donald Trump’s executive order on social media, as U.S. technology companies […]
June 2, 2020

Zoom doubles full-year revenue forecast on remote-work boost

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to […]
June 2, 2020

Equities cruise to three-month highs, dollar under protest pressure

World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic […]
June 2, 2020

GM should emerge from pandemic with permanently lower costs: CEO

General Motors Co should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a […]
June 2, 2020

Wall Street closes up on signs of economic rebound

A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on […]
June 2, 2020

LVMH’s takeover of Tiffany seen as uncertain: WWD

French luxury goods group LVMH’s $16.2-billion takeover of Tiffany & Co is looking less likely to go through, amid a deteriorating situation in the U.S. market, […]
June 2, 2020

Advocacy group sues to block Trump social media executive order

A Washington-based advocacy group on Tuesday asked a U.S. judge to invalidate an executive order on social media companies President Donald Trump signed last week claiming […]
June 2, 2020

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to […]
June 2, 2020

Pfizer to invest up to $500 million in public drug developers

Pfizer Inc said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access to […]
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