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Business News

Location American Business News for 10 November 2020
Asset prices could crumble if the pandemic isn't effectively contained, Fed report warns The energy, hospitality, and travel sectors are the most prone to a negative shock from rising coronavirus cases, the Fed said.
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Pfizer says its coronavirus vaccine is 90% effective. Here's how that compares to shots for the flu, measles, and more. Pfizer announced that its vaccine prevented COVID-19 in clinical trials. Here's how its efficacy compares to vaccines for chickenpox, flu, and more.
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Coral Reproduction Being Disrupted By Experimental Ship Fuel Leaked In Mauritius New footage shows the once a year reproduction of corals in Mauritius being disrupted by the major oil spill that happened in August. This raises concerns about what other risks this new experimental ship fuel poses to t...
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Kathryn Hahn Joins Apple's Comedy 'The Shrink Next Door' Kathryn Hahn joins the cast of Apple's 'The Shrink Next Door'
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Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply that could depress U.S. office rents.
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Developers break ground on $50 million workplace campus in West Humboldt Park, part of Chicago's Invest South/West program A $50 million office campus called The Terminal is coming to Chicago's West Humboldt Park neighborhood as part of city's initiative to revitalize underserved communities.
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News organizations have declared Joe Biden to be "president-elect," but President Trump has not yet conceded the race, a decision that has delayed a formal beginning for the transition process and may deny the former vic...
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The ACA may be poised to survive another Supreme Court challenge Today, the Supreme Court met to hear arguments in favor of tearing down the Affordable Care Act. Justices seemed inclined to separate out the individual mandate and keep the rest of the law. This morning, the Supreme Cou...
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Why Did Palantir Stock Jump 35% Last Week

Forbes - 10 Nov 2020 15:00
Why Did Palantir Stock Jump 35% Last Week Palantir stock rallied by about 35% over the last week, trading at levels of about $14 per share, after remaining largely listless post its late September debut. Big data and analytics is a hot sector at the moment, thou...
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China's 'Uber for Trucks' Raising $1.7 Billion Ahead of IPO Next Year Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the matter.
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Eli Lilly's Antibody Treatment Gets Emergency F.D.A. Approval

The New York Times - 10 Nov 2020 04:23
Eli Lilly's Antibody Treatment Gets Emergency F.D.A. Approval The authorization raised immediate questions about who would get access to the antibody treatments, which are in short supply.
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Biden Election Likely To Impact Offshore Energy Production Over Time The Biden Plan for a Clean Energy Revolution calls for "banning new oil and gas permitting on public lands and waters," as part of the goal to ensure that the U.S. achieves net zero emissions by 2050 to forestall catastr...
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Nikola's Losses Widen as Executives Try to Regain Momentum

Wall Street Journal - 10 Nov 2020 02:12
Nikola's Losses Widen as Executives Try to Regain Momentum Electric-truck startup Nikola reported wider losses in the third-quarter, a tumultuous period in which company executives came under pressure to respond to questions about the legitimacy of its business.
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Federal Reserve's Emergency Loan Programs at Center of Political Fight Democrats are eyeing the programs as a backup option if they can't strike a deal to aid states and localities, and believe they may be needed to backstop markets. Republicans want them off the table.
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Citi tests long-term viability of video banking

American Banker - 10 Nov 2020 21:46
Though most bank customers expect to return to calling or meeting in person with their bankers when the pandemic is over, Citigroup is gauging how much business it can keep in the videoconferencing channel.
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Employees Are The Engine Powering Lamborghini's Success Empowered employees serve customers better.
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82% of Entrepreneurs Feel Better Prepared to Handle a Crisis

Small Business Trends - 10 Nov 2020 17:00
82% of Entrepreneurs Feel Better Prepared to Handle a Crisis In a new survey from American Express, about 82% of small businesses in America are now better prepared to handle a crisis.
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Inside the business of Hype House and Sway LA's fitness trainer who's become a TikTok star himself Fitness influencer Alex Hager, 24, trains some of TikTok's biggest stars, including residents of the Hype House and Sway LA.
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GM-backed autonomous vehicle startup Cruise will enter into an agreement with Walmart to trial order delivery.
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Kinetic, a startup developing AI-powered wearables that aim to detect and prevent workplace injuries, raised $11.25 million.
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Alexandria Ocasio-Cortez and the progressives' delicate truce with centrist Democrats is over Democrats' dismal results in congressional races this cycle have provoked an immediate debate in the caucus about what is to blame.
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7 ways to write a stellar cover letter when you have no job experience Applying for a job fresh out of school can be intimidating, but these steps can help you craft a solid cover letter to land your first interview.
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