Merck Buys OncoImmune in COVID Treatment Move
The $425 million deal gives Merck access to a promising therapy for treating seriously ill COVID-19 patients.
Norwegian Air Files for Bankruptcy in Ireland
The filing follows the decision of Norway’s government last week not to provide the low-cost airline with further financial aid.
Airbnb IPO Filing Shows Rebound From Virus Shock
“Our business rebounded faster than anyone expected, and it showed that as the world changes, our model is able to adapt."
Home Depot Eyes Pro Market With HD Supply Buy
The $8 billion deal will extend Home Depot's reach into the $55 billion market for maintenance, repair, and operations products.
DraftKings Beats Estimates as Pro Sports Return
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
Disney Loses $710M, Gets Boost From Streaming
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
Inflation Flat in October as Coronavirus Surges
“With the explosion in virus numbers putting downward pressure on demand in the short-term, we expect inflation to remain subdued for a while yet."
Main Street Program Gets First Nonprofit Borrower
The Sun Belt Conference's commissioner believes its $4.4 million loan from the Fed program is "really going to help us do what we need to do."
OPEC Lowers Demand Forecast on COVID Concerns
Amid the surge in infections, “previous expectations for the demand recovery [have] diminished and a further deterioration in demand is now anticipated.”
Court Orders Release of PPP Borrower Details
The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
Fed Chair Jerome Powell Calls for More Stimulus
The central bank chair said fiscal stimulus is needed to help the economy recover from the effects of the coronavirus.