This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (May 30, 2020).

U.S. consumers spent significantly less and saved more as they weathered the pandemic and lockdowns in April, with recent signs suggesting damage from the crisis is starting to ease.

Diagnostic firms say high prices for the blood of recovered Covid-19 patients are posing a hurdle to developing antibody tests.

An effort to bring together Silicon Valley tech giants, investors and the White House on tools to fight the coronavirus is fizzling.

The S&P 500 edged up, notching a second consecutive week of strong gains and its best two-month performance since 2009.

Renault is planning to slash production capacity by a fifth and eliminate more than 14,000 jobs around the world.

VW is investing a total of over $2 billion in a Chinese auto maker and a battery producer, its latest bet on China's electric-vehicle sector.

Tencent is in talks to buy a stake in Warner Music as part of the record company's initial public offering.

The European owner of Peet's Coffee saw its shares jump almost 14% in their trading debut.


(END) Dow Jones Newswires

May 30, 2020 02:47 ET (06:47 GMT)

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