GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort
The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and plans to announce five additional contracts later this week.
Equities climb on hopes coronavirus pandemic is peaking
World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way.
U.S. senator to liquidate individual stock shares after coronavirus flap
U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak.
Airbnb warns 2020 revenue can fall by half amid COVID-19 hit: The Information
Home rental company Airbnb has projected its revenue can fall about 54% to some $2.2 billion this year due to the COVID-19 pandemic, The Information reported on Wednesday, citing people familiar with the matter.
Airbus slashes jet output to tackle coronavirus crisis
Airbus announced plans on Wednesday to cut jetliner production across the board after the coronavirus epidemic triggered aviation’s worst industrial crisis and drastically reduced deliveries to cash-starved airlines.
Zoom hires former Facebook security chief as Google bans desktop app
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash, including a move by Alphabet Inc’s Google to ba…
Google bans Zoom software from employee laptops
Alphabet Inc’s Google on Wednesday banned Zoom video conferencing application from its employees’ laptops, citing security concerns.
The list of U.S. Treasury questions for airlines seeking bailout cash
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said.
Oil futures rise on hopes of production cuts
Oil futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday.
Nasdaq CEO hopeful IPOs will pickup again in second half
Nasdaq Inc is hopeful initial public offerings will pick up in the second half of 2020, but much depends on how well companies and investors emerge from the coronavirus pandemic, the head of the exchange operator said on Wednesday.
