Eli Lilly reports 15% rise in quarterly sales
Eli Lilly and Co reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also benefiting from customers stockpiling its medicines amid the coronavirus pandemic.
With reopenings in U.S. South, some merchants lay out welcome mat, others fearful
Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her co-owner husband, also a stylist, are already fully booked for the weekend.
NBCUniversal launches shoppable ads to help retailers hurt by coronavirus
Comcast Corp’s NBCUniversal said on Thursday it aims to help retailers that have been forced to shut down amid the pandemic through new ecommerce tools that will let people buy products directly from NBC’s content.
UniCredit appoints Hecker as global head of equity capital markets
UniCredit has appointed Jana Hecker, formerly at Deutsche Bank, as its global head of equity capital markets (ECM), Italy’s biggest bank said on Thursday.
Fiat Chrysler to restart van production at Atessa plant at 70% normal rate: union
Fiat Chrysler (FCA) aims to restart van production at its Atessa joint venture plant in central Italy at 70% of the normal rate, a union representative told Reuters on Thursday.
Oil rallies on Gulf tensions and output cuts
Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government stimulus to ease the economic pain of the new coronavirus pandemic.
Daimler’s earnings plunge as coronavirus hammers sales
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.
Italy’s Triboo starts selling Chinese COVID-19 antibody tests
Italian digital services company Triboo said on Thursday it had started selling antibody tests for Covid-19 produced by China’s SOBC Outdo Biotech, as Italy draws closer to easing the lockdown measures imposed to tackle the coronavirus outbreak.
Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year
South Korea’s Hyundai Motor Co said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble 18%.
Adidas plans a multi-billion euro bond: manager magazine
German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the government-backed loan it agreed earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday.
