Trump Draft Order Could Seek to Limit Protections for Social-Media Companies 

The draft executive order would make it easier for federal regulators to hold companies such as Twitter and Facebook liable for curbing users' speech, for example by suspending their accounts or deleting their posts.

American Airlines to Cut 30% of Management and Administrative Staff 

The carrier is among those seeing demand pick up after being decimated by the coronavirus pandemic, but the modest gains won't be enough to save thousands of industry jobs.

Apple Lands Martin Scorsese Movie Starring Leonardo DiCaprio and Robert DeNiro 

Apple has nabbed director Martin Scorsese's next film, "Killers of the Flower Moon," starring Leonardo DiCaprio and Robert De Niro, according to people familiar with the matter.

Hertz Fleet Losing Value by the Day, Hindering Restructuring Efforts 

The roughly 700,000 rental cars that are the lifeblood of Hertz's business are losing value rapidly, posing a challenge to bondholders' repayment and to the bankrupt company's chances of weathering the Covid-19 pandemic.

Boeing Details Plans for Mass Job Cuts 

Boeing plans to shed more than 13,000 employees, including the first round of compulsory cuts as part of previously announced plans triggered by the coronavirus-driven collapse in global air travel.

EasyJet to Cut Jobs by a Third 

EasyJet said it plans to cut staff numbers by 30% as it seeks to reduce costs to prepare for a prolonged period of weaker demand due to the fallout of the coronavirus pandemic.

SAS in Talks Over More Funding 

SAS said it's in talks with shareholders on a recapitalization plan as the airline seeks further funding to weather the halt in demand from Covid-19 travel restrictions.

Norwegian Air Unsure of Recovery Timing 

Norwegian Air said it was still unclear when it or the airline industry generally would recover to baseline levels, after it reported a first-quarter loss of NOK3.28 billion.

Marathon Partners to Launch Proxy Fight With e.l.f. Beauty 

Marathon Partners is planning to nominate three directors to e.l.f. Beauty's board, a rare instance of an activist investor launching a proxy fight since the coronavirus shook American corporations.

HBO Max Is Left Out of Amazon's, Roku's Platforms 

HBO Max was absent from the nation's two largest streaming players when it launched Wednesday, the result of increasingly frequent clashes between streaming services and distributors.


(END) Dow Jones Newswires

May 28, 2020 03:15 ET (07:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.