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Business News

Location American Business News for 10 April 2020
Walmart CEO asks Americans to shop only once a week amid shortages of essentials like toilet paper and hand sanitizer NBC News TODAY Walmart CEO Doug McMillon said Friday that shopping once per week could help address shortages in stores. "There's plenty of flow coming, but if everyone could just kind of manage and buy week-to-week rath...
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Trump, Putin, Saudi Crown Prince Scramble to Fix Oil Markets

Wall Street Journal - 10 Apr 2020 16:31
The leaders of Russia, Saudi Arabia and the U.S. each badly miscalculated the pain caused by the collapse in oil prices. Now they are trying to rescue their economies and stave off any political damage at crucial moments...
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Johnson & Johnson said on Friday it abandoned plans to buy Takeda Pharmaceutical's surgical patch product TachoSil, citing regulatory issues.
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Researchers hailing from Princeton, Microsoft, and Technion propose Falcon, a secure communications protocol for AI inferencing and training.
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Texas Whiskey Wins Double Gold At The 2020 San Francisco World Spirits Competition Milam & Greene, a women owned and run Central Texas distillery, took top honors as it focuses on producing hand sanitizer for the local community.
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Uber says it will provide face masks to drivers and delivery workers Uber says it’s going to ship “tens of millions” of face masks to its drivers and delivery workers around the world in an effort to slow the spread of the coronavirus. The ride-hailing juggernaut will send half a mi...
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Boeing Considers 10% Cut to Workforce

Wall Street Journal - 10 Apr 2020 04:56
Boeing Considers 10% Cut to Workforce Boeing is considering a plan to reduce its workforce by about 10%, as the aerospace giant grapples with the fallout from the coronavirus pandemic.
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An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday as Mexico refused to participate in the curbs and left the meeting without approving the deal. The impasse, whic...
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OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the...
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We just got more 'hopeful' data on Gilead's potential coronavirus treatment, but it's too soon to tell if the drug works Associated Press More than two-thirds of hospitalized COVID-19 patients improved in condition after receiving remdesivir, an experimental antiviral treatment from Gilead Sciences. These findings come from data published ...
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Johnson & Johnson is, in many ways, the benchmark company for the performance of publicly traded, health-care companies.
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The owner of 90 Denny's restaurants has had to close most locations and furlough staff, but she's hopeful for a way forward.
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If America is going to survive the coronavirus, the GOP is going to have to give up on a 40-year crusade Chip Somodevilla/Getty Images Even the midst of a global pandemic when millions of Americans are losing their jobs every week, the GOP is writing rescue bills to reflect their view that government should only help the "d...
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Pacific Coffee Research Launches Virtual Workshop Series From The Big Island Of Hawai'i Coffee experts Brittany Horn and Madeleine Longoria-Garcia will host a series of workshops on the Zoom platform, starting with a tasting of four Hawai'i coffees that participants will brew and taste at home simultaneousl...
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Visa and Mastercard are evaluating if they should follow through with planned fee changes This story was delivered to Business Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business In...
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U.S. Energy Secretary Dan Brouillette on Friday described a dire situation in global energy markets, saying that the coronavirus pandemic and massive oil surplus have created a lethal combination.
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How can these two things - double-digit unemployment and double-digit stock gains - be true at the same time?
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When You Guard Against One Risk, You Can Create Another

Wall Street Journal - 10 Apr 2020 16:00
Floating-rate funds can float like a butterfly in good times, but they can sting like a bee in times like these.
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As sports are canceled over COVID-19, teams fill stands with robots and mannequins Legions of robot and mannequin fans will cheer on baseball players in Taiwan and soccer players in Belarus. As the global coronavirus pandemic drags on, sporting events are being called off left and right: The NBA season...
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U.S. President Donald Trump said on Thursday he has directed his agriculture secretary to expedite help to farmers, especially small farmers, hurt by the economic disruption caused by the new coronavirus outbreak.
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We Need Imagination Now More Than Ever

Harvard Business Review - 10 Apr 2020 14:05
It’s crucial for creating new opportunities and finding new ways to grow.
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Leaked letter: The 'Black Swan' fund that raked in a 4,000% return last quarter warns a bigger crash is coming Reuters/China Photos The "Black Swan" hedge fund that raked in a 4,144% return last quarter warned its clients this week of a bigger crash to come. "The world remains very much trapped in the mother of all global financi...
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