Thursday, 21 May 2020

Daily Investor Update: U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine

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U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine

The United States has secured almost a third of the first one billion doses planned for AstraZeneca's experimental COVID-19 vaccine by pledging up to $1.2 billion, as world powers scramble for medicines to get their economies back to work.

GM to restart part of its plant in Silao, Mexico on Thursday

General Motors Co will restart its eight-speed transmission line at its plant in Silao in Mexico's Guanjuato state on Thursday, according to a company message sent to workers.

Trump arrives in Michigan to visit Ford plant amid political tensions

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.

U.S. senators urge Delta, JetBlue to restore employee hours

A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees' hours, calling them contrary to the requirements of taxpayer-funded payroll assistance.

Stocks slip on U.S.-China tensions; oil rises to 2-1/2-month high

Global equities slid on Thursday on concerns about the long-term impact of the new coronavirus and renewed U.S.-China tensions, though oil markets ignored those worries and marched to a 2-1/2 month highs.

U.S.-China tensions pull Wall Street lower

Wall Street receded on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions, raising doubts about the trade deal reached early this year between the world's two largest economies.

Facebook's Zuckerberg embraces remote work outside Silicon Valley

Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.

Brent at highest since March on U.S. stock draw, recovering demand

Global benchmark Brent rose more than 1% on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease coronavirus restrictions on people's movements.

How big unions smooth the way for Amazon worker protests

Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.

U.S. labor market struggles as layoffs spread despite businesses reopening

Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic.

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