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 (June 3, 2020).

IPOs by Warner Music and ZoomInfo are set to reinvigorate the market for new issues this week as the rebound in stocks encourages companies forced to the sidelines by the pandemic to revive listing plans.

The Trump administration is taking the initial step to ready tariffs against a range of trading partners unless they back off proposals for taxes that would fall heavily on big U.S. internet firms.

Facebook's Zuckerberg, addressing employees in a town hall meeting, defended his decision to preserve a controversial post from Trump but said he was open to some tweaks in how the firm deals with such content.

Lyft said demand for rides has risen in recent weeks as people began venturing out following virus lockdowns but that it remains well below levels seen a year ago.

Zoom Video raised its full-year outlook for sales after they more than doubled in its fiscal first quarter amid a surge in remote working.

U.S. stocks rose, with the Dow, S&P 500 and Nasdaq gaining 1.1%, 0.8% and 0.6%, respectively.

Mall owner CBL said it failed to make an interest payment of $11.8 million to bondholders on Monday.

China's BYD said it secured a second reprieve on a troubled $1 billion deal to sell N95 masks to California.

Investment firms Bain and Cyrus were selected as top contenders to acquire the assets of Virgin Australia.


(END) Dow Jones Newswires

June 03, 2020 02:47 ET (06:47 GMT)

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