AstraZeneca CEO Sees Oxford Vaccine Possible by End of Year, Despite Setback

AstraZeneca said a Covid-19 vaccine it is developing with the University of Oxford could still be ready by the end of the year, despite the company pausing late-stage trials after a participant in the U.K. developed an unexplained illness. 


 
Blackstone's Energy Alloys Files for Bankruptcy

The bankruptcy involves the U.S. and Canadian operations of a private-equity-backed company that also does business in Asia, Europe and the Middle East providing carbon, alloy, stainless steel and nickel solid bar and tube-based products to global oil-field service manufacturers. 


 
Electric-Car Startup Lucid Looks to Challenge Tesla With New Sedan

California-based Lucid Motors revealed a production-ready version of its first model as the battle to dominate the auto industry's future heats up between Silicon Valley and more-established car companies. 


 
Pandemic Tech Spending in China Lifts Alibaba's Cloud

Spending on China-based cloud services hit a record high in the second quarter as Chinese companies increased the use of online business tools in the aftermath of the coronavirus pandemic. 


 
Safety Experts Probe Interruption of AstraZeneca's Covid-19 Study

An independent committee is reviewing the potential safety concern that has halted AstraZeneca's clinical trials of an experimental Covid-19 vaccine. 


 
BP Expands U.S. Offshore Wind Presence

BP has agreed to pay $1.1 billion for some of Equinor's U.S. assets as part of a deal with the Norwegian group to develop offshore wind projects in America. 


 
Suez Rejects Veolia Approach

Suez has rejected Veolia's "hostile" approach and said it undervalues the company and raises other issues, but added that it's open to exploring alternatives to the possible bid. 


 
BHP Vows 30% Cut in Emissions

BHP said it intends to cut its operational greenhouse gas emissions by at least 30% by fiscal 2030. 


 
Western Businesses in China Fret as Geopolitical Risks Rise

The slump in relations between Beijing and the West has become the biggest worry for U.S. and European businesses operating in China, a pair of business groups said this week. 


 
Hong Kong Wins More Listings of U.S.-Traded Chinese Firms

The tally of U.S.-listed Chinese companies securing alternative listings in Hong Kong grew, as stock in China's largest restaurant group started trading in the city and a major hotel chain began taking orders for its own offering.