Covid-19 Drug Remdesivir Fully Approved by FDA

The U.S. Food and Drug Administration has granted a full final approval to Gilead Sciences Inc.'s remdesivir, making it the first Covid-19 treatment deemed safe and effective by the regulator, the company said Thursday. 


 
Walmart Files Lawsuit Against DOJ in Opioid Case

Walmart sued the federal government in an attempt to strike a pre-emptive blow against what it said is an impending opioid-related civil lawsuit from the Justice Department. 


 
Intel Hit as Consumers Flock to Lower-Cost Laptops, Datacenter Chips

Chip giant Intel Corp. raised its full-year outlook even as earnings suffered as consumers gravitated to cheaper laptops and demand for datacenters softened. 


 
Barbie Sales Take Off as Parents Try to Cut Down on Screen Time

Mattel's flagship doll Barbie posted a 29% sales increase in the latest quarter, leading the toy company to 10% revenue growth in the period. It was the largest quarterly increase posted by Barbie in at least two decades. 


 
Boston Beer Results Helped Along By Alcoholic Seltzer, Tea Drinks

Boston Beer Co. reported a higher profit, and sees higher shipments next year, amid increased demand for its boozy seltzer and tea drinks. 


 
Bayer's Request for Roundup Appeal Rejected by California Court

The California Supreme Court declined to hear an appeal by Bayer seeking to reverse a jury verdict that the company's Roundup herbicide caused a groundskeeper's cancer, leaving the company with few remaining options to avoid paying a $20.4 million judgment. 


 
Gucci Struggles as Pandemic Keeps Tourists Home

Gucci reported a 12% drop in third-quarter sales as the Italian fashion house was hit hard by the absence of tourist shoppers from Asia during the pandemic. 


 
Goldman to Recoup, Cut Executives' Pay After 1MDB Fines

Goldman Sachs is seizing or withholding $174 million from executives including CEO David Solomon after agreeing to a costly settlement to resolve government investigations into its role in a Malaysian bribery scandal. 


 
Google Lawsuit Could Alter Business Calculations in Enterprise Tech Market

The antitrust lawsuit filed against Google this week is focused mostly on the consumer business, but it also will have implications for the enterprise tech market where Google aspires to a greater role. 


 
AMC Bonds Fall Despite Theater Reopenings

Analysts say the company is in danger of running out of cash without new blockbusters to attract moviegoers.

(END) Dow Jones Newswires

10-22-20 1915ET