Eli Lilly Begins Testing Covid-19 Drug Derived From Blood of Survivor

Lilly began the first study of an experimental drug derived from a blood sample of an early U.S. survivor of Covid-19, a new effort to take advantage of the molecular defenses developed by recovered patients.

 
YouTube's Chase for Streaming-TV Ad Dollars Faces Hurdles

YouTube wants advertisers to spend more to reach the consumers who are increasingly using their television to watch videos on its platform. The effort is a bid for a piece of the massive ad budgets that go toward traditional TV as well as the fast-growing ad spending earmarked for streaming TV.

 
Chip Industry Seeks Billions to Expand U.S. Manufacturing

Federal funds will be sought for factory building and research to keep the U.S. ahead of China and others generous in subsidizing their companies.

 
Coty to Appoint Chairman Peter Harf as CEO to Spearhead Turnaround

Coty is set to appoint its fourth new chief executive in less than four years, as the cosmetics and fragrance maker strives to revive slumping sales and reduce its burdensome debt load.

 
SpaceX Craft Docks With Space Station, Ushering in New Era

Elon Musk's SpaceX on Sunday successfully docked a company-owned capsule carrying a pair of NASA astronauts with the International Space Station, opening a new chapter in commercial space endeavors.

 
Natural Gas Is Losing Its Shine for Ship Operators

The pandemic is hitting the market for natural gas hard, undercutting hopes for a rich new vein for profits on the water. It is making the business of transporting liquefied natural gas look more like other sectors that have been sending operators of oceangoing cargo ships through wild peaks and valleys.

 
Meat Plants Reopen, but Burgers Stay Pricey

A national meat-supply crunch driven by the coronavirus pandemic is beginning to ease, though meat and grocery suppliers expect the effects to linger for months. Meanwhile, consumers are paying more for ground beef and other staples across the country.

 
Tencent Rival NetEase Moves Ahead With Hong Kong Listing

Mobile-gaming group NetEase will begin taking investor orders for a multibillion-dollar Hong Kong share sale, as momentum builds for U.S.-listed Chinese groups to obtain secondary listings closer to home.

 
Nestlé Loses Fight With Impossible Over Meatless Burger Branding

Nestlé must stop branding its plant-based burger "Incredible" after a European court ruled the language infringed on Impossible Foods' trademarks and could confuse consumers

 
Lufthansa Surrenders Slots in Bailout Deal

Lufthansa has agreed to give up slots at Frankfurt and Munich airports as required by European authorities as part of its EUR9 billion bailout package.

(END) Dow Jones Newswires

June 01, 2020 07:15 ET (11:15 GMT)

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