News Highlights: Top Company News of the Day
March 30 2020 - 9:15AM
Dow Jones News
Johnson & Johnson to Begin Human Trials of Covid-19 Vaccine by September
Johnson & Johnson said that it had made progress on a
vaccine to prevent Covid-19 and that the product could be ready in
early 2021.
Medtronic Publishes Design Specs for Ventilator to Combat Coronavirus
Medtronic Plc said it would publicly share the design
specifications for a ventilator product to allow other companies to
explore producing it rapidly to help meet demand driven by the new
coronavirus.
Facebook Pledges $100 Million for News Outlets Hit by Coronavirus Outbreak
The tech giant is pledging $100 million in grant money and
promised ad spending to help struggling news outlets weather the
financial blow of the coronavirus outbreak.
Loss of Live Sports Changes ESPN's Marketing Plans
Walt Disney Co.'s ESPN has had to significantly revamp its
programming with the loss of live sports during the coronavirus
pandemic, and now it's altering its marketing as well.
Cal-Maine Foods Posts Lower Sales, Warns of Coronavirus-Related Volatility
Cal-Maine Foods Inc. posted lower sales for the fiscal third
quarter and warned that uncertainties from the coronavirus pandemic
and geopolitical matters such as international tariffs could lead
to price volatility.
A Shakeup Is Coming to This Corner of the Airline Industry
Big carriers like American Airlines are getting all the
attention for the unprecedented damage that Covid-19 is causing
airlines. Most of the action, though, may end up happening at the
regional level.
Apple Supplier Foxconn's Profit Drops in the Fourth Quarter
Foxconn's net profit fell 23.7% in the fourth quarter before the
coronavirus pandemic struck the world's biggest contract
electronics assembler and its largest customer, Apple.
AllianceBernstein, Putnam Dig In Deeper With Bets on Malls
Two big money managers wagering that struggling mall owners can
still pay their debts have been hit by the retail devastation
brought on by the coronavirus pandemic.
Chinese Car Sales after the Crash
Even with some help from the Chinese government, the world's
largest car market may struggle to win back consumers.
Japan's Auto Industry Was Slowing Before Coronavirus Crash in March
Japanese car makers slashed output in February at home and in
other major production centers, suggesting the industry was slowing
down before the full weight of the coronavirus pandemic crashed
down in March.
(END) Dow Jones Newswires
March 30, 2020 09:00 ET (13:00 GMT)
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