Economists had expected that private payrolls would rise by 1.2 million in July. USA businesses sharply reduced hiring last month suggesting that the resurgent viral outbreak this summer slowed the economic recovery as many states closed parts of their economies again and consumers remained cautious about spending. [Full Article...]
The company said it could start a large pivotal Phase III trial as soon as late September, and on a conference call added that it could produce 1 billion to 2 billion doses of the vaccine in 2021. The vaccine candidate developed by the company is one of the very few candidates which are being funded by the Operation Warp Speed which is being led by the White House. [Full Article...]
Some continued to be optimistic about improved demand and increased marketing. Lay-offs continued across the sector. "Panellists frequently reported temporary company closures and weak demand as a result of the pandemic ". Data in July showed that the French economy contracted by a post-war record of 13.8% in the second quarter, although the drop was shallower than expected and a bounceback i... [Full Article...]
White House officials could not say how the USA government would receive a portion of the proceeds from any sale of TikTok's US operations, one day after President Donald Trump called for a cut of the money. economy after supplemental unemployment benefits expired, although leading lawmakers remain far apart on a package. Forecasters warn the rebound might be too big and fast to be sustained by un... [Full Article...]
Virgin Atlantic said it needed to recapitalize "to not only survive the exigent threats posed by the Covid-19 global pandemic but to thrive once the immediate global health crisis passes". "Such an outcome would be particularly unfortunate because the group's business is fundamentally sound". Virgin Atlantic's filing in US bankruptcy court in the southern district of NY said it has negotiated ... [Full Article...]
The ad for the high-performance RS4, which, for now, can still be seen here, features a young girl leaning on the front of the vehicle and eating a banana, BBC reports. That was a mistake! "Audi never meant to hurt anyone's feelings". "We sincerely apologize for this insensitive image and ensure that it will not be used in future". [Full Article...]
Those hoping to buy Clorox disinfecting wipes to fight the spread of COVID-19 will likely be out of luck until 2021, according to the company's CEO. "Disinfecting wipes, which are the hottest commodity in the business right now, will probably take longer because it's a very complex supply chain to make them", Dorer said. [Full Article...]
A Reuters poll showed on Friday that oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoys demand, although a second Covid-19 wave could slow the pace of recovery. Not all news was positive, however: the start of the week also saw the Organization of the Petroleum Exporting Countries ( OPEC ) tapering its output cuts from 9. [Full Article...]