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Gilead's remdesivir gets conditional EU clearance
The European Commission said Friday it had given conditional approval for the use of antiviral drug remdesivir in severe COVID-19 patients. As Fred Katayama reports, that makes it the region's first authorized therapy to treat the virus.
The European Commission said Friday it had given conditional approval for the use of antiviral drug remdesivir in severe COVID-19 patients. As Fred Katayama reports, that makes it the region's first authorized therapy to treat the virus.
Washington Redskins might change its name
Under mounting pressure from sponsors and Native American rights groups, Washington Redskins owner Dan Snyder said Friday he would consider changing the name of the NFL team.
Under mounting pressure from sponsors and Native American rights groups, Washington Redskins owner Dan Snyder said Friday he would consider changing the name of the NFL team.
JPMorgan drops terms 'master,' 'slave'
JPMorgan Chase is eliminating terms like "blacklist," "master," and "slave" from its internal technology materials and code as it seeks to address racism within the company, sources told Reuters.
JPMorgan Chase is eliminating terms like "blacklist," "master," and "slave" from its internal technology materials and code as it seeks to address racism within the company, sources told Reuters.
Anger as Air France cuts jobs despite bailout
Weeks after getting a state bailout, Air France on Friday looked set to cut thousands of jobs, sparking an angry response from unions.
Weeks after getting a state bailout, Air France on Friday looked set to cut thousands of jobs, sparking an angry response from unions.
China's services gather speed, euro zone follows
China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, while data from the euro zone also pointed to improving conditions.
China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, while data from the euro zone also pointed to improving conditions.
Stocks rise on jobs report
Wall Street closed higher and the Nasdaq reached an all-time closing high Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls.
Wall Street closed higher and the Nasdaq reached an all-time closing high Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls.
California cafe stays alive with charity lunches
Oakland, California's Farley's East brought back workers in April thanks to a government loan, but the small business is really being kept afloat by a non-profit paying the eatery to provide charity lunches. Conway G. Gittens has the story.
Oakland, California's Farley's East brought back workers in April thanks to a government loan, but the small business is really being kept afloat by a non-profit paying the eatery to provide charity lunches. Conway G. Gittens has the story.
Avoid energy stocks: wealth manager
Winthrop Capital Management's Greg Hahn sees dim prospects for energy stocks due to declining global demand. But he tells Reuters' Fred Katayama he's attracted to tech companies that have recurring subscription-based revenue like Adobe and Microsoft.
Winthrop Capital Management's Greg Hahn sees dim prospects for energy stocks due to declining global demand. But he tells Reuters' Fred Katayama he's attracted to tech companies that have recurring subscription-based revenue like Adobe and Microsoft.
Exxon signals 2nd straight quarterly loss
Exxon Mobil signaled it'll suffer its second consecutive quarterly loss. As Fred Katayama reports, its oil and gas producing and refining businesses will report operating losses in the second quarter.
Exxon Mobil signaled it'll suffer its second consecutive quarterly loss. As Fred Katayama reports, its oil and gas producing and refining businesses will report operating losses in the second quarter.
Cheers! And fears too, as English pubs reopen
Pubs in England reopen on Saturday. Police fear a drinking frenzy after months of lockdown. Pub landlords just wonder if they can still turn a profit.
Pubs in England reopen on Saturday. Police fear a drinking frenzy after months of lockdown. Pub landlords just wonder if they can still turn a profit.
America sees record re-hiring surge in June
A record 4.8 million Americans were put back to work in June but weekly jobless claims remain elevated as a new spike in COVID-19 cases likely sparked another wave of layoffs. Conway G.
A record 4.8 million Americans were put back to work in June but weekly jobless claims remain elevated as a new spike in COVID-19 cases likely sparked another wave of layoffs. Conway G.
Groups warn against Google's purchase of Fitbit
Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement on Wednesday, urging regulators to be wary of Google's $2.1 billion bid for fitness tracker company Fitbit Inc. Ciara Lee reports
Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement on Wednesday, urging regulators to be wary of Google's $2.1 billion bid for fitness tracker company Fitbit Inc. Ciara Lee reports
Tesla's second-quarter deliveries send shares surging
Tesla outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry as coronavirus-linked lockdown orders kept shoppers at home. This report produced by Yahaira Jacquez.
Tesla outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry as coronavirus-linked lockdown orders kept shoppers at home. This report produced by Yahaira Jacquez.
Sports events face insurance uncertainty
Major sports events working to get back up and running after the coronavirus crisis are likely to have to do so without cancellation insurance for communicable diseases as insurers remove cover or ramp up the cost.
Major sports events working to get back up and running after the coronavirus crisis are likely to have to do so without cancellation insurance for communicable diseases as insurers remove cover or ramp up the cost.