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Bank of America Corporation
Bristol-Myers Squibb Company
General Electric Company
Micron Technology, Inc.
Uber Technologies, Inc.
Petroleo Brasileiro S.A. - Petrobras
The Kraft Heinz Company
Sirius XM Holdings Inc.
Altice USA, Inc.
Restaurant Brands International Inc.
CenterPoint Energy, Inc.
Bausch Health Companies Inc.
Nuance Communications, Inc.
Caesars Entertainment Corporation
Wright Medical Group N.V.
BioCryst Pharmaceuticals, Inc.
QEP Resources, Inc.
Stocks ended Friday’s session and the week lower after market participants digested mounting signals of economic devastation amid the still-escalating coronavirus pandemic.
The novel coronavirus has capsized the lives of freelancers and self-employed workers who are trying to find financial stability.
Fate Therapeutics (FATE) signs agreement with J&J subsidiary to develop CAR NK and CAR T-cell product candidates for cancer. The deal is likely tocreate significant future revenue stream for the company.
Within six years, the new T-Mobile (TMUS) is likely to provide 5G service to 99% of U.S. citizens with average speed of above 100 Mbps to 90% of the population.
Gambling activities worldwide are affected by coronavirus-induced restrictions. Shares of the companies in the industry have fallen since mid-January, while earnings expectations have been lowered.
SoftBank Group Corp founder and CEO Masayoshi Son on Friday began polling his Twitter followers over whether a state of emergency should be declared, as the number of people in Tokyo infected with the coronavirus continues to rise. Japan has so far been spared the explosive surge in cases seen in some other countries but, with the capital the centre of the outbreak, clamour for tighter curbs is growing, with Tokyo Governor Yuriko Koike also indicating support for such a step. One of a small number of Japanese executives who are also household names, Son has recently returned to Twitter to express his concern about the coronavirus outbreak.
The furloughs will be in addition to the about 2,600 U.S. job cuts announced last month by GE's aviation unit, which makes engines for Boeing Co and Airbus SE aircraft. "Due to the unprecedented impact of COVID-19 on the commercial aviation industry, GE aviation is implementing a temporary reduction...for up to four weeks," a company spokesperson said in a statement.
Uber senior vice president of global rides and platform operations, Andrew Macdonald, said on Twitter that the company had received an initial batch of 30,000 bottles of cleaning spray by Atlanta-based company Zep Inc. Previously, Uber said suppliers had prioritized orders for healthcare, with its own orders being moved down the queue several times. Lyft Inc last week said it had distributed many supplies to drivers while its hubs were still open and was working a way to distribute them now, but declined to provide additional details.
EU justice chief Vera Jourova on Thursday criticised U.S. tech giants such as Google and Facebook for making money off coronavirus-related fake news instead of putting in more efforts to stop the deluge. Jourova, who last week held a conference call with Facebook, Twitter Inc , Google, Microsoft and Mozilla, said their efforts to date were inadequate. The companies last week told Jourova that they had removed large quantities of false and harmful content, the bulk of which related to health, and taken measures to remove ads related to protective equipment, such as masks, although there were still gaps.
Twitter took down thousands of accounts linked to Egypt, Saudi Arabia and other countries on Thursday. The social media company said they had taken direction from those governments or promoted pro-government content. In violation of Twitter's policy. Twitter erased more than 2,500 accounts in the Egypt-based El Fagr network because it created fake accounts to amplify messages critical of Iran, Qatar, and Turkey. Another 3,000 fake accounts were removed from a single IP range in Honduras. Investigation found they belonged to a staff member retweeting the president's account on behalf of the government. 5,000-plus accounts associated with Saudi Arabia were also taken down. They tweeted praise for the Saudi leadership and criticism of Qatar and Turkish activity in Yemen. A total of 8,558 accounts working to promote Serbia’s ruling party and its leader was also removed.