Business

This is what you need to know: European leaders are negotiating a proposed rescue package of 750 billion euros ($ 860 billion) to support member countries facing the economic collapse caused by the pandemic.Credit…Photo of the Francisco Seco pool Markets were rising on Monday, reflecting some confidence that European leaders …

Fox Business Network presenter Stu Varney appeared Monday on “Fox & Friends” and said that if presumptive Democratic presidential candidate Joe Biden wins the 2020 presidential election, the stock market “will go straight down.” “A major loss in the stock market if Joe Biden wins,” said Varney. “If it looks …

Abbott Laboratories and Johnson & Johnson separately reported recoveries from elective procedures earlier than expected in US hospitals in the second quarter, even as the nation struggles with an increasingly severe COVID-19 pandemic. Shares of Abbott ABT, + 2.95% closed at a year-to-date high of $ 99.25, the day after …

Image copyright EPA The video-sharing app TikTok has denied the allegations that it is controlled by the Chinese government. Theo Bertram, TikTok’s head of public policy for Europe, the Middle East and Africa, said he would reject any request from China to release data. “The suggestion that we are somehow …

What’s happening: Talks in Brussels about a € 750 billion ($ 859 billion) aid package lasted until its fourth day on Monday, as the frugal northern countries stood firm by limiting the proportion of subsidies in the combination, instead of loans. The conditions that would be attached to the financing …