Pharmaceutical companies competing to develop coronavirus vaccines are already working behind the scenes to build the supply chains necessary to deliver their drugs to billions of people as quickly as possible. To meet global demand once a vaccine is approved, a complicated and high-risk supply chain would be put in …
Read More »European stocks and Dow futures are trading lower amid earnings deluge and worries about slow recovery
Shell Oil Refinery at Pulau Bukom off Singapore on July 16, 2020. Roslan Rahman / Agence France-Presse / Getty Images European stocks traded lower on Thursday on the busiest day of the second-quarter earnings season, with growing concerns about a slow economic recovery and a possible second wave of the …
Read More »GE shares sink as CEO Culp can’t hit bottom in aviation business
Shares in General Electric Co. sank into volatile operations on Wednesday after the diversified industrial conglomerate said it suffered “general” weakness in the second quarter and indicated that its aviation business could take years to recover from the effects of the pandemic. COVID-19. The GE stock, -4.35% It took a …
Read More »PayPal CEO: “I don’t think there will be a reversal” of e-commerce after COVID-19
Shares of PayPal Holdings Inc rose 1.5% in out-of-hours trading on Wednesday after the digital payments company showed strong growth in its business stemming from increased use of digital payments during the COVID-19 crisis. Read: PayPal Exceeds Earnings Expectations as COVID-19 Drives Ecommerce Growth Strong “The world has moved into …
Read More »The Postal Service may close offices, cut service before elections
CHARLESTON, W.Va. – The United States Postal Service is considering closing post offices across the country, raising concerns ahead of an anticipated increase in mail ballots in the 2020 election, U.S. Senator Joe Manchin and a union leader said Wednesday. Manchin said he received numerous reports from post offices and …
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