John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike announced a series of leadership changes Wednesday, as well as job cuts, in an effort to focus on its digital business and sell more directly to customers as the coronavirus pandemic changes …
Read More »Existing home sales increased nearly 21% in June, a record monthly gain
A real estate agent, right, shows potential buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | fake pictures Existing home sales increased nearly 21% in June compared to May, according to the National Association of Realtors. It was the biggest monthly gain since Real Estate Agents began …
Read More »Singapore clinical trials for the Arcturus and Duke-NUS vaccine candidate
The Singapore Health Sciences Authority has approved clinical trials for a coronavirus vaccine candidate being developed by Arcturus Therapeutics and Duke-NUS School of Medicine. Arcturus, a biopharmaceutical company based in San Diego, California, in association with Duke-NUS of Singapore, said they will begin human dosage testing as soon as possible. …
Read More »United CEO expects revenue to stabilize at 50% of 2019 levels until vaccine is available
United Airlines CEO Scott Kirby said Wednesday that he expects air fares to drop as the pandemic continues to depress demand for flights. “I guess prices will go down in the short term,” Kirby told CNBC’s “Squawk Box”. All the normal price metrics … in this pandemic are a little …
Read More »Pershing Square ‘receives no compensation’ for new SPAC investment vehicle
Pershing Square Capital Management founder Bill Ackman said his new special-purpose acquisition company is the “investor-friendly SPAC in the world.” “What’s new in our structure is that it is the first SPAC where we are not receiving compensation: no management fees, incentive fees … we are not buying cheap stocks. …
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