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Coronavirus concerns loom over cruise industry

NEW YORK/BENGALURU (Reuters) – The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Dominated by three U.S.-listed companies, Carnival Corp, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings, the industry is under sharp scrutiny following the virus outbreak that has left one ship quarantined in Asia. Many see Asia as a potential growth area for cruise tourism: 39 cruise brands were active in Asian waters last year, deploying a total of 79 ships, according to trade group Cruise Lines International Association. …read more […]

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Amazon Ends Ties to Delivery Partner, Erasing Hundreds of Jobs

(Bloomberg) — An Illinois company that rapidly expanded over the past two years to deliver packages for Amazon.com Inc. is shuttering operations in five states and letting go hundreds of drivers after failing to meet the e-commerce giant’s standards.The shuttering of Bear Down Logistics underscores the challenges Amazon faces outsourcing deliveries to new, untested companies instead of traditional partners such as United Parcel Service Inc. and FedEx Corp. It also serves as a warning to Amazon delivery partners that the company is an exacting client willing to cut them off.Bear Down Logistics notified Ohio, Virginia, Minnesota and Illinois that it …read more […]

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The Coronavirus Correction… and Its Aftermath

The stock market took a hit when news of the coronavirus first spread. But now it’s right back up again.
Today, Alexander Green’s market analysis reveals why investors are choosing to look beyond the negative effects of the outbreak.

On January 30, I wrote a column called “How to Play the Novel Coronavirus.”
In that piece, I pointed out that the virus was spreading rapidly and had already crippled China’s land, rail and air transport.
I noted that its spread would hurt retail sales, curtail tourism, diminish global GDP growth and disrupt the intricate cross-border supply lines of thousands of multinational corporations.
Yet I implored …read more […]

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Health Secretary Alex Azar says China’s coronavirus response must be ‘transparent and vigorous’

Health and Human Services Secretary Alex Azar discusses the impact of the coronavirus, and why he says China’s response must be “transparent and vigorous”. Yahoo Finance’s Anjalee Khemlani joins the On the Move panel to discuss the interview. …read more […]

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U.S.-based Inovio Pharmaceuticals says it has discovered coronavirus vaccine

A U.S. biotech company says it has created a coronavirus vaccine. Pennsylvania-based Inovio Pharmaceuticals’ San Diego lab made the discovery reportedly just hours after getting access to the virus’ genetic sequence last month. Inovio Pharmaceuticals CEO Dr. J Joseph Kim joins Yahoo Finance’s On the Move to discuss. …read more […]