Procter & Gamble Co on Friday reported an about 5% rise in quarterly sales as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pandemic.
World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
Top news and what to watch in the markets on Friday, April 17, 2020. …read more […]
Gilead Sciences stock (Nasdaq: Gild) popped in after hours trading on the strength of some good coronavirus news. The stock popped about 13%. The price increase was based on reports of a possible effective drug therapy for COVID-19.
The news came in the form of a video reported by STAT news. The video outlines a clinical study in which sick participants have responded positively to the drug remdesivir. The question is, how will this affect Gilead Sciences stock in the coming days?
A Potential COVID-19 Treatment?
The clinical study reported by STAT News involves 150 patients sick from the coronavirus. All of these …read more […]
Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period.
The top body of China’s parliament will meet in the capital city of Beijing from April 26 to April 29, the official Xinhua news agency reported on Friday.
World stock markets made a super-charged sprint towards an 11% weekly gain on Friday – their second best of all time – after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
Hong Kong’s Cathay Pacific Airways Ltd will lay off 286 cabin crew based in the United States and furlough 201 pilots based in Australia and Britain, it said on Friday, as the coronavirus pandemic has virtually halted global travel.
China’s current account was kept basically balanced and within a reasonable range in the first quarter of this year despite the coronavirus pandemic, and the outbreak will not affect the current account in the medium-to-long term, the foreign exchange regulator said on Friday.
Peugeot’s British brand Vauxhall, which operates two factories, is planning several safety measures including temperature checks, face mask-wearing and shift rescheduling to allow it to reopen sites amid the coronavirus outbreak.
Southwest Airlines Co has approached unions representing pilots, flight attendants, mechanics and other employees to discuss potential concessions to prepare for a slow industry recovery, a company official told Reuters on Thursday.
Gilead Sciences (GILD) shares popped over 16% in after-hours trading on Thursday following encouraging anecdotal data from Gilead’s remdesivir COVID-19 trials.News source STAT reported on a video presentation within a single site, the University of Chicago, which recruited 125 COVID-19 patients into GILD’s phase III trials.According to the presentation, only 2 of the 113 severe patients died, fever curves for those presenting with fever reportedly fell after receiving remdesivir, and the investigator reportedly noted some ventilated patients coming off ventilators shortly after treatment.Moreover, investigators also reportedly noted that most patients were discharged within 6 days.RBC Capital’s Brian Abrahams admitted that …read more […]
Air fares have fallen as much as 30% since the start of the year in North America and Europe, according to the first of a new series of industry data, while stabilising on a smaller decline in Asia where some coronavirus lockdowns are being eased.
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