The European Commission has imposed provisional anti-dumping duties on some stainless steel products from China, Indonesia and Taiwan, according to the official EU journal, nearly eight months after launching a probe into low-price imports.
Anthony Scaramucci predicts Doald Trump will ultimately be stymied by the recession and lose in November. …read more […]
Yahoo Finance’s editor-in-chief Andy Serwer talks with John Paul Dejoria the co-founder of the Paul Mitchell line of hair products and The Patrón Spirits Company. Dejoria discusses the work he has done to aid his home state of Texas as well as how Paul Mitchell is supporting those in need along with their employees and salons during the coronavirus crisis. …read more […]
Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany.
The company said it had entered into an agreement with the National Institute of Allergy and Infectious Diseases to study the baricitinib drug to examine its efficacy and safety as a potential treatment for hospitalized patients diagnosed with COVID-19. Lilly had previously been testing the Olumiant or baricitinib drug as a treatment for atopic dermatitis. Lilly said it currently does not anticipate shortages for any of its medicines, including baricitinib. …read more […]
The analysis, published on Friday by the New England Journal of Medicine, does not detail what other treatments the 61 hospitalized patients were given and data on eight of them were not included — in one case because of a dosing error. The paper’s author called the findings “hopeful,” but cautioned that it is difficult to interpret the results since they do not include comparison to a control group, as would be the case in a randomized clinical trial. Gilead last month sharply limited its compassionate use program for remdesivir and is conducting its own clinical trials of …read more […]
Apple Inc and Alphabet Inc’s Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into logging other phones they have been near.
Meanwhile, the Fed continues to fire up its presses and print as much money as it needs to shore up the economy. What would you rather own? Something scarce or something abundant? This is actually the core reason for gold’s strength. …read more […]
While it’s a bullish start to the day, failure to break through to key levels could lead to a reversal… …read more […]
Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday. “We’re going to be meeting with Boeing,” President Donald Trump told reporters on Friday. “Boeing has not asked for aid yet but I think they probably will… We can’t let anything happen to Boeing.” …read more […]
Honeywell International Inc said on Friday it had renewed a revolving credit agreement for $1.5 billion, to be used for general corporate purposes when needed.
U.S. aero parts maker Triumph Group Inc said it was furloughing about 2,300 employees across its U.S. and European plants for two to four weeks to cut capacity linked to Boeing commercial aircraft programs amid the coronavirus outbreak.
U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs as airlines weather an unprecedented crisis due to the coronavirus, three industry officials briefed on the matter told Reuters.
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