Property Companies Hit by Pandemic, Start to See Turnaround: Earnings at a Glance
Property companies reported results, showing hits taken from the Covid-19 pandemic -- and a turnaround as lockdowns lifted.
U.S. Broadens Attack on Chinese Internet Giants With WeChat Order
The Trump administration is widening its attack against Chinese internet giants by targeting a social media app, WeChat, that is used daily by ordinary Chinese but by few Americans, further dividing the global internet.
Pfizer to Manufacture Gilead's Remdesivir for Covid-19 Treatment
Pfizer has signed a multi-year deal to manufacture remdesivir, an antiviral medication developed by Gilead Sciences that has been approved for limited use as a treatment for Covid-19.
Singapore Police Bring First Charges Linked to Wirecard
Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG, the one-time German technology star that collapsed at the end of June after admitting more than $2 billion of cash on its balance sheet was fake.
UPS Plans Hefty Holiday Fees for Large Shippers
United Parcel Service plans to impose hefty fees on big shippers during the holiday season, reflecting the added complexity and cost of an expected crush of online orders amid the coronavirus pandemic.
Trump Executive Orders Target TikTok, WeChat Apps
President Trump issued a pair of executive orders imposing new limits on Chinese social-media apps TikTok and WeChat, escalating tensions with Beijing and effectively setting a 45-day deadline for an American company to purchase TikTok's U.S. operations.
Goldman Sachs Restates Earnings After $3.9 Billion Malaysia Settlement
Goldman Sachs restated its second-quarter earnings lower after reaching a $3.9 billion settlement with the government of Malaysia to resolve an investigation into its work for a corrupt investment fund.
Finally, a Path Emerges to European Bank Mergers
Intesa Sanpaolo's successful pursuit of Italian peer UBI shows that local consolidation is possible, and barriers to cross-border deals may be slipping too.
Gates Foundation Teams Up With Vaccine Maker to Produce $3 Covid-19 Shots
The Bill & Melinda Gates Foundation said it's backing the world's largest vaccine maker, Serum Institute of India, to churn out 100 million doses of coronavirus vaccine for poorer countries.
Tencent Stock Drops After Firm Is Targeted by Trump Executive Order
Shares of Tencent Holdings plunged as much as 10%, hours after President Trump signed an executive order that would bar U.S. entities from transacting with the Chinese internet giant.
