Moderna, Pfizer Coronavirus Vaccines Begin Final-Stage Testing
Two of the most advanced experimental vaccines entered the pivotal phase of their studies, with the first subjects receiving doses of products developed by drugmakers Moderna and Pfizer.
LVMH Profit Plunges Amid Boutique Closures
French luxury conglomerate LVMH said net profit plunged in the first half, as the company struggled to cut costs in the face of sweeping boutique closures during the coronavirus pandemic.
Reckitt Benckiser Lifted by Product Demand
Reckitt Benckiser raised its forecasts after posting a jump in first-half profit to GBP1.44 billion, as demand for a range its products was boosted due to the coronavirus.
Delivery Hero Lifts Outlook as Sales Surge
Germany's Delivery Hero raised its full-year guidance following a surge in revenue and orders in the second quarter, with sales jumping to EUR612.1 million.
Visa, Mastercard Fined Wirecard for Dubious Transactions
Defunct payments processor Wirecard miscoded gambling transactions and had high levels of stolen card purchases and reversed transactions, leading to big fines from card networks, according to people familiar with the matter.
Trump Effort to Rein in Social Media Moves Forward
The Trump administration moved forward with plans to regulate content on social-media platforms, formally asking federal regulators to start overseeing how these platforms treat user-generated content.
HSBC Launches ESG Unit
HSBC said it was forming a dedicated ESG unit "to help clients around the world rebuild and transition their businesses and economies in a more sustainable way post-Covid-19."
Neiman Marcus Inflated Company Value by Billions, Creditors Say
Neiman Marcus's creditors say the retailer inflated its own value by billions of dollars before its 2018 spinoff of fast-growing e-commerce businesses MyTheresa so it could carry out what they say was an improper transaction.
Nike Replaces Its Diversity Chief
Nike said it is replacing its chief diversity officer, adding a Black woman to its leadership team at a time that the sneaker giant and other brands are promising to improve diversity and speaking out on social issues.
Intel Chief Engineer Departs After Product Delay
Venkata "Murthy" Renduchintala is leaving the company days after the semiconductor maker surprised investors by disclosing delays on its newest processor design.
