Monday, 16 November 2020

U.S. upgrades safety probe into nearly 159,000 Tesla vehicles

U.S. upgrades safety probe into nearly 159,000 Tesla vehicles

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required before it can seek to compel recalls.

Universal, Cinemark agree on earlier home release for movies

Cinemark Holdings Inc has reached a deal that will allow films from Comcast Corp's Universal Pictures to be made available in U.S. homes as soon as 17 days after they debut in theaters, the companies said in a statement on Monday.

Baidu to buy JOYY's live-streaming business in China for $3.6 billion

Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash.

Stocks ascend to record on economic recovery, vaccine outlook

A gauge of global stocks hit a record and oil prices jumped on Monday as the newest positive data for a potential COVID-19 vaccine and signs of economic recovery in Asia boosted sentiment.

'More people may die,' Biden says, if Trump blocks cooperation on virus planning

President-elect Joe Biden said on Monday "more people may die" if outgoing President Donald Trump continues to block efforts to plan for a U.S. transition of power as the coronavirus pandemic worsens, and added that he would not hesitate to get vaccinated.

S&P 500, Dow close at all-time highs on reignited vaccine hopes

The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.

Buffett's Berkshire invests in several big drugmakers

Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in four large drugmakers.

Key witness in Huawei CFO's arrest in U.S. extradition case declines to testify in Canada court

A key witness involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago has decided not to testify in the Canadian court as part of Meng's ongoing witness cross-examination, the court heard on Monday.

U.S. tentatively approves adding Aer Lingus to Oneworld alliance group

Irish airline Aer Lingus received tentative U.S. approval on Monday to join the Oneworld carrier alliance, the U.S. Transportation Department announced, a move that will give the joint venture control of more than half of the U.S.-Ireland flight market.

Goldman Sachs investment banking co-head Lemkau to retire: memo

Gregg Lemkau, the co-head of investment banking at Goldman Sachs Group Inc , is set to retire and will be replaced by company veteran Jim Esposito, according to an internal memo sent on Monday that was seen by Reuters.

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