What's News: Business & Finance -- WSJ
May 28 2020 - 3:02AM
Dow Jones News
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 28, 2020).
Drug firms are bracing for export bans on future coronavirus
vaccines and the need to spread production across different
continents, as signs point to a geopolitical scramble for
supplies.
AT&T's HBO Max was absent from Amazon and Roku when it
launched Wednesday, reflecting increasingly frequent clashes in the
streaming arena.
Boeing said it would shed more than 13,000 employees, including
the first round of compulsory cuts, in response to the collapse in
global air travel.
American Airlines will cut its management and administrative
staff by 30% as the carrier prepares to shrink due to the
pandemic's impact.
U.S. stocks climbed, with the Dow rising 2.2% to close above the
25000 mark for the first time since early March. The S&P 500
added 1.5%, ending above 3000.
GE is getting out of the business of making lightbulbs, selling
a unit that defined the company for nearly a century and was its
last direct link to consumers.
SpaceX postponed the launch of two NASA astronauts into orbit
Wednesday afternoon because of stormy weather.
Walt Disney said it plans to begin reopening its Disney World
theme park at reduced capacity in mid-July.
The Renault-Nissan alliance said it would divide its global car
business, aiming to cut duplicate spending to save billions of
dollars a year.
(END) Dow Jones Newswires
May 28, 2020 02:47 ET (06:47 GMT)
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