News Highlights: Top Company News of the Day
Novavax Coronavirus Vaccine Begins Human Testing
Novavax's experimental coronavirus vaccine becomes one of at
least 10 now being tested in people globally for Covid-19.
Richard Branson's Small-Satellite Launch Venture Fails First Test
A company founded by entrepreneur Richard Branson to launch
small satellites botched its initial demonstration flight, as a
rocket released from a specially outfitted jumbo jet failed to
reach low-earth orbit.
Germany, Lufthansa Agree on $9.8 Billion Bailout
The German government and Deutsche Lufthansa said they have
agreed on a $9.81 billion bailout deal-one of the biggest aid
packages by a single country hatched so far in the pandemic-hit air
German Court Orders VW to Compensate Customers Over Emissions Scandal
Germany's highest civil court ruled against Volkswagen in the
first case brought by customers seeking damages in connection with
the car maker's emissions-cheating scandal, a landmark ruling that
could herald further litigation against Volkswagen and some
France's Arnault Gives Financial Lifeline to Indebted Lagardère CEO
Billionaire Bernard Arnault agreed to take a stake in the
holdings of the controlling shareholder of media conglomerate
Lagardère, giving a financial lifeline to a longtime friend whose
debts were undermining his control of the company.
NYSE's Floor to Reopen With Masks, Waivers and Handshake Ban
The New York Stock Exchange is set to reopen its famed trading
floor Tuesday, but it won't be going back to normal.
Hertz Was Already in Terrible Shape. The Pandemic Finished It Off.
The coronavirus has been the proverbial tide going out, exposing
who's swimming naked: Troubled companies and business models are
being undone, and the rental-car giant is a prime example.
Bayer Shares Rise on Report of Progress on U.S. Lawsuits
Shares in Bayer traded higher following a report that the German
chemical company has made significant headway in settling lawsuits
in the U.S. related to its Roundup weedkiller.
Nissan, Renault Prepare Billions of Dollars in Cuts
The alliance of Renault and Nissan Motor is set to disclose
billions of dollars in cost cuts this week and Nissan is looking to
slash capacity by an additional million vehicles.
Cyclical Stocks Are Staging a Rebound
Shares of economically sensitive companies like manufacturers,
energy companies and banks are powering the latest leg of the stock
(END) Dow Jones Newswires
May 25, 2020 23:15 ET (03:15 GMT)
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