News Highlights: Top Company News of the Day
Covid-19 Vaccine Trial From AstraZeneca, Oxford Can Resume in U.S.
A late-stage trial of the coronavirus vaccine had been on hold
in the U.S. while the FDA reviewed mysterious neurological
conditions in two subjects.
Covid-19 Continues to Help Some, Hurt Others in S&P 500
The pandemic's uneven hit, reflected in companies' financial
performance and data tracked by Dow Jones Newswires, is hampering
the U.S. economic recovery and exacerbating the socioeconomic
McDonald's Seeks Dismissal of Suit Filed by Black Former Franchisees
The burger chain asked a federal judge to dismiss a
discrimination lawsuit accusing it of selling Black owners subpar
stores and scrimping on support, saying it wasn't in its interest
to have franchisees fail.
Why Merck Is Playing Catch-Up in the Coronavirus Vaccine Chase
Initial hesitation by senior executives about joining the global
effort puts the company in an unusual spot: behind.
American Express Reports Higher Consumer Retail Spending
The credit-card company said consumer retail spending improved
in the third quarter, but spending on travel and entertainment
remained substantially lower.
Huawei Shows Signs of Strain From U.S. Pressure on Chips
China's Huawei is facing revenue pressure as the U.S. squeezes
its chip supplies and an increasing number of countries shun its 5G
Canadian Retailer Le Chateau to Liquidate Assets, Wind Down Operations
Battered by the impacts of the coronavirus pandemic, the
specialty retailer said it filed for bankruptcy protection with
plans to liquidate its assets and wind down its operations.
Uber and Lyft Must Classify Drivers as Employees, Appeals Court Says
The ride-hailing companies must comply with an order that
requires them to reclassify their drivers as employees, a
California appeals court said, siding with a lower-court ruling
that threatened to upend the business models.
Intel's Cloud Thickens
The chip maker's data-center sales slow just as it faces key
questions about manufacturing outlook.
French Court Asks Microsoft for Safeguards Against U.S. Surveillance of Health Data
A French court has ruled that Microsoft can continue hosting a
government-run project aggregating citizens' anonymous health data,
but must guarantee no data will be sent to the U.S. or be shared
with American intelligence.
(END) Dow Jones Newswires
October 23, 2020 17:00 ET (21:00 GMT)
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