Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries….
AstraZeneca, Gilead merger doubted by Wall Street analysts
A merger between AstraZeneca and Gilead Sciences Inc is unlikely due to significant political hurdles, Wall Street analysts said on Monday after a Bloomberg report that the British drugmaker last month had contacted its U.S. rival about a deal.
Wall Street marches higher on hopes of swift economic rebound
Wall Street’s main indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from a coronavirus-driven downturn.
Dunkin’ franchisees to hire up to 25,000 workers as U.S. states reopen
Dunkin’, a unit of Dunkin’ Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronaviru…
U.S. consumers grew slightly more optimistic about jobs and earnings in May
U.S. consumers felt slightly more optimistic about their finances and job security in May as businesses began to reopen and rehire workers following the easing of coronavirus-related restrictions, according to a survey released on Monday by the New Yor…
Elanco wins conditional EU antitrust okay for $7.6 billion Bayer deal
Elanco Animal Health secured EU antitrust clearance on Monday to buy Bayer’s veterinary drugs unit after pledging to sell some products to address competition concerns about the $7.6 billion deal.
Ryanair’s O’Leary says UK quarantine will be quashed or dropped
Ryanair boss Michael O’Leary said he believed Britain’s coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe’s biggest airlines prepare to file a legal challenge by the end of Tuesday.
S&P 500, Dow extend rally on hopes of swift economic rebound
Wall Street’s major indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from a coronavirus-driven downturn.
Austria strikes €450 million bailout deal for Lufthansa unit, sources say
Austria has agreed to a smaller than expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday.
Gilead shares rise on report of AstraZeneca’s interest in megamerger
Shares of Gilead Sciences Inc rose as much as 3% on Monday after a report said the U.S. drugmaker had been approached by Britain’s AstraZeneca for a possible merger to form one of the world’s largest drug companies.
