Chevron reported a loss of $ 8.3 billion in the second quarter, as the coronavirus pandemic “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids fell more than 60% year-over-year. The oil giant lost $ 1.59 a …
Read More »Moderna Board Member Resigns to Avoid Conflicts of Interest During Coronavirus Vaccine Trial
Modern in Cambridge, MA, shown on February 28, 2020. David L. Ryan | The Boston Globe via Getty Images A Moderna board member resigned to avoid any “potential or even apparent conflict of interest” during the company’s phase three trial for its potential coronavirus vaccine, the company announced Thursday. Dr. …
Read More »Trump pushes to reopen schools, says closings likely to cause ‘more deaths’
On Thursday, President Donald Trump continued to push for schools to reopen as fall approaches, regardless of the state of the coronavirus outbreak in the United States, adding that keeping schools closed “is also causing death.” Trump called on Democrats to work with Republicans to pass the latest coronavirus relief …
Read More »Gilead Sciences Sales Drop 10% As Drug Demand Falls Due To Coronavirus Pandemic
A laboratory technician visually inspects a vial filled with remdesivir of the investigational coronavirus disease drug (COVID-19) at a Gilead Sciences facility in La Verne, California. Gilead Sciences | via REUTERS Gilead Sciences sales fell 10% in the second quarter from a year earlier, as the coronavirus pandemic weakened demand …
Read More »Ford Earnings (F) Q2 2020
A visitor walks past a Ford Escape Titanium at the Shanghai Motor Show on April 17, 2019. Greg Baker | AFP | fake pictures Ford Motor performed much better than expected by Wall Street during the second quarter, even exceeding its own expectations, as the coronavirus caused continuous plant shutdowns …
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