Google’s self-driving sister, Waymo, gets first outside investors
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
Shareholder calls for separation of J&J’s CEO and chairman roles
Trillium Asset Management LLC has called for the separation of Johnson & Johnson’s chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.
White House set to meet with airline, cruise industry CEOs
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed on Monday.
Britain vows ‘hard bargain’ in list of demands for U.S. trade deal
Britain on Monday unveiled its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two allies’ “special relationship”.
Honda to cut production at Japanese plants on sourcing concerns
Japan’s Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.
Waymo raises $2.25 billion from outside investors, parent Alphabet
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round.
Bets on big Fed rate cuts rise as virus spreads, ECB vows action
Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary res…
Novartis unit Sandoz agrees to pay $195 million to resolve antitrust charges
Novartis’ generic drugs unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the Justice Department said on Monday.
Dow has biggest daily jump since 2009 as Wall Street buys the dip
The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus.
U.S.’ Mnuchin, Powell to lead G7 finance call on coronavirus response
G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a U.S. Treasury spokeswoman said on Monday.
