News Highlights: Top Company News of the Day
June 01 2020 - 07:30PM
Dow Jones News
Starbucks Reduces Worker Hours to Reflect Pared-Back Operations
The coffee chain is reducing labor as coronavirus limits hours
and services.
Gun Stocks Surge Past Broader Market
Shares of gun manufacturers soared Monday, continuing this
year's winning streak.
Facebook Employees Stage Virtual Walkout Over Trump Posts
Action marks opposition to Mark Zuckerberg's decision to allow a
post from President Trump about the recent social unrest that they
believed violated the company's rules about inciting violence.
Don't Expect Pfizer's Bad Reaction to Last
A surprise cancer-drug failure will sting, but not as much as
investors expect.
Warnings Surface About System to Disinfect N95 Masks
Hundreds of thousands of respirator masks to protect against
coronavirus have been sent through a decontamination system that
has triggered warnings from front-line workers and has so far cost
the government more than $110 a mask.
Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion
Videogame company Zynga agreed to buy Turkish mobile-game studio
Peak for $1.8 billion, adding games such as "Toon Blast" and "Toy
Blast" to its portfolio.
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.
Can Meal Kits Remain Flavor of the Month?
Meal-kit services are booming now that consumers are stuck at
home and preparing their own food. Hanging on to the gains as
lockdown rules are lifted is their next challenge.
Coty Appoints Chairman Peter Harf as CEO to Spearhead Turnaround
Coty appointed 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.
Tencent Rival NetEase Moves Ahead With Hong Kong Listing
Mobile-gaming group NetEase begun taking investor orders for a
multibillion-dollar Hong Kong share sale, as momentum builds for
U.S.-listed Chinese companies to obtain secondary listings closer
to home.
(END) Dow Jones Newswires
June 01, 2020 19:15 ET (23:15 GMT)
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