This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 27, 2020).

U.S. stocks gained amid optimism about economies reopening and the potential development of a coronavirus vaccine. The Dow and S&P 500 rose 2.2% and 1.2%, respectively.

Amazon is in advanced talks to buy Zoox, a move to expand the e-commerce company's reach in autonomous-vehicle technology.

Boeing and Airbus are researching the coronavirus's behavior inside jetliners, part of an industry push to reduce air-travel risks.

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the passenger railroad continues to suffer from a huge decline in ridership.

Access Industries' Warner Music said it would proceed with plans for an IPO that would value the company at between $11.7 billion and $13.3 billion.

Quibi is feeling the pinch of a lackluster performance since its launch, as major advertisers seek payment deferrals and the streaming service looks to cut costs.

Hertz paid more than $16 million in retention bonuses to senior managers, including its new CEO, just days before it filed for bankruptcy Friday night.

China set a reference rate for the yuan at its weakest point in 12 years, a sign Beijing hopes to reap benefits from a softer currency.

(END) Dow Jones Newswires

May 27, 2020 02:47 ET (06:47 GMT)

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