News Highlights: Top Company News of the Day
Moderna's Covid-19 Vaccine Moves to Bigger Study
A new U.S.-funded trial would seek 30,000 subjects and could
deliver an answer by year-end about whether the vaccine induces
immune responses sufficient to protect people safely.
ASML Confirms Outlook After Strong 2Q
ASML reported a sharp rise in second quarter sales and profit,
and maintained its growth outlook for 2020 relative to the start of
the year despite the coronavirus pandemic.
Tele2 Reinstates Extra Payout as Profit Tops Hopes
Tele2 posted an above-forecast net profit of SEK855 million for
the second quarter and said it planned to payout an extra dividend
to shareholders this year.
Burberry Sales Slide Continues
Burberry reported a 45% drop in comparable sales in the first
quarter of fiscal 2021, and forecast a 15-20% fall in the second
quarter, with demand still impacted by the coronavirus
U.K. to Ban Huawei From 5G Networks Amid China Tensions
The British government said it would bar telecom companies from
purchasing new equipment made by China's Huawei and gave them until
2027 to remove its technology from their 5G wireless networks, a
sharp about-face that marks a significant victory for the U.S.
China Threatens to Sanction Lockheed Martin Over Taiwan Arms Deal
China said it plans to sanction Lockheed Martin over its role in
a $620 million U.S. arms package for Taiwan, Beijing's latest
retaliatory gesture amid growing pressure from Washington.
Vox Media Prepares to Lay Off Some Furloughed Employees
Vox Media, the publisher of New York magazine, the Verge and SB
Nation, is preparing for a round of layoffs as its financial
situation continues to suffer from the economic effects of the
Best Buy to Require Shoppers to Wear Masks Inside Stores
Best Buy will require customers to wear face coverings inside
all U.S. stores to protect against the new coronavirus, including
in places without mask mandates.
German Fitness Chain RSG Wins Gold's Gym Bankruptcy Auction
RSG Group, operator of Germany's McFit fitness clubs, has won an
auction to acquire Gold's Gym out of bankruptcy for $100
Boeing Reports More MAX Cancellations
Boeing culled another 183 jets from its order book in June and
delivered just 10 aircraft, highlighting the pandemic-driven
barriers to recovery for plane makers.
(END) Dow Jones Newswires
July 15, 2020 05:00 ET (09:00 GMT)
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