News Highlights: Top Company News of the Day
April 05 2020 - 11:30PM
Dow Jones News
With Coronavirus Shutdowns, Airlines Learn to Manage Without Flying Many Planes
No longer operating globe-spanning flights, airlines are
consumed with new work: navigating government bailouts, negotiating
with unions, finding places to park idle planes and scrounging for
business like flying cargo.
Gilead Accelerates Production of Experimental Coronavirus Drug
Gilead Sciences has ramped up production of its experimental
coronavirus drug amid overwhelming demand and said it won't charge
for the 1.5 million doses it now has on hand.
Facebook's Road to Redemption Runs Straight Down Main Street
The company is responding to the coronavirus crisis by
developing digital tools and a $100 million rescue fund to help the
small businesses that depend on the social network.
Wells Fargo Curtails Jumbo Loans Amid Market Turmoil
Wells Fargo & Co. substantially curtailed its program for
making large loans this week, one of the most pronounced signs yet
of how the recent market turmoil is cutting off access to some
types of mortgages.
Zoom CEO: 'I Really Messed Up' on Video Platform's Security
The software's rapid transformation from a business tool into a
lifeline for countless homebound users has attracted trolls and
hackers as well as scrutiny from privacy experts that the company
is now racing to address.
Big Tobacco Joins Race for Coronavirus Vaccine
British American Tobacco is developing a potential vaccine grown
in tobacco plants, while Medicago, a biotech firm partly owned by
Philip Morris International, is pursuing a similar effort.
Coronavirus Bogs Down Bayer's Roundup Settlement Talks
The company says the new coronavirus is slowing down settlement
talks with tens of thousands of plaintiffs who say its Roundup
weedkiller causes cancer.
Occidental Names New Finance Chief
Occidental Petroleum Corp. has hired a new finance chief, part
of a wider management shake-up that comes amid renewed criticism of
the company's $38 billion deal to buy rival Anadarko Petroleum
Corp.
FTC Builds Antitrust Case Around Altria's Noncompete Pact With Juul
The Marlboro maker exited the e-cigarette market in the days
before the $12.8 billion deal, a suit says.
GM Seeks Tariff Relief for Ventilator Parts
The car maker is asking the Trump administration to drop import
tariffs on Chinese parts needed to make ventilators, saying the
levies will make it more expensive to build desperately needed
machines that can save lives.
(END) Dow Jones Newswires
April 05, 2020 23:15 ET (03:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.