Reuters
Spotify new home for Joe Rogan's podcast, shares jump
Spotify Technology SA said on Tuesday comedian Joe Rogan's podcast will be available on the music streaming platform starting Sept. 1 and will become an exclusive later this year.
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S&P stumbles as Moderna sinks on report questioning trial results
The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna's recent coronavirus vaccine early-stage trial results, wiping out modest gains on the benchmark index in the last hour of trading.
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Urban Outfitters predicts 60% fall in same-store sales on slow recovery
Apparel retailer Urban Outfitters Inc on Tuesday projected a 60% decline in same-store sales in the second quarter due to tepid demand recovery from the COVID-19 pandemic disruptions, sending its shares down 6% in extended trading.
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Trump floats halt to U.S. cattle imports as pandemic hurts ranchers
President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak.
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U.S. crude strengthens as certain stimulus measures to continue
U.S. crude ended slightly higher on Tuesday, as U.S. Treasury Secretary Steven Mnuchin said he supported extending certain measures intended to bolster the economy, while Brent ended lower on concerns that output cuts might not be sufficient.
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Exclusive: Third Point founder Daniel Loeb takes over as Munib Islam leaves firm
Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors.
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GM delays tentative restart for plant in Silao, Mexico to May 21
General Motors Co signaled it has pushed back the tentative date for restarting operations at its auto assembly plant in the central Mexican city of Silao to May 21 from May 20, according to a message to workers seen by Reuters on Tuesday.
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MGM, Caesars and Boyd will participate in employee COVID-19 testing plan
The Las Vegas gaming industry will offer COVID-19 tests to employees before they return to work, the Culinary Union announced Tuesday, moving the hard-hit sector a step closer to reopening.
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Johnson & Johnson to stop selling talc-based baby powder in U.S., Canada
Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson's Baby Powder in the United States and Canada, saying it was part of a broad reassessment of its consumer product portfolio prompted by the coronavirus pandemic.
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Business group cautions U.S. on 'reshoring' too much China supply
The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.
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Johnson & Johnson to stop selling talc-based Johnson's Baby Powder in U.S., Canada
J&J faces lawsuits from consumers claiming its talc products, including Johnson’s Baby Powder, caused their cancer, but J&J said it remains confident in the product's safety.
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Lockheed may delay delivery of up to 24 F-35 jets as COVID-19 hits suppliers
Lockheed Martin said on Tuesday it will slow production of its stealthy F-35 fighter jets at its Texas facility, possibly delaying delivery of between 18 and 24 jets due to a parts shortage as the coronavirus hampers production across the jet's vast supply chain.
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Early data on Moderna's COVID-19 vaccine insufficient: Stat News
Data from a small, early-stage safety trial testing Moderna Inc's experimental COVID-19 vaccine does not provide the critical data needed to assess its effectiveness, health-focused Stat News reported on Tuesday, citing experts.
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Ford requires visitors to wear masks but unclear if Trump will comply
Ford Motor Co on Tuesday reiterated its policy that all visitors to its manufacturing plants must wear a mask but said the White House will ultimately decide if U.S. President Donald Trump will comply during a planned visit.
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Euro gains on EU recovery-fund plan, oil wavers
The euro and European government debt rallied on Tuesday, lifted by a Franco-German proposal to fund grants for regions hit hardest by the coronavirus pandemic, while oil traded mostly higher on growing demand as countries eased business lockdowns.
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Early data on Moderna's COVID-19 vaccine insufficient: Stat News
Data from a small, early-stage safety trial testing Moderna Inc's experimental COVID-19 vaccine does not provide critical data to assess its effectiveness, Stat News reported on Tuesday, citing experts.
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Trump administration signs up new company to make COVID-19 drugs in U.S.
U.S. President Donald Trump's administration awarded a contract worth up to $812 million for a new U.S. company to manufacture drugs and drug ingredients to fight COVID-19 on American soil, aiming to end dependence on other countries.
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Visa extends work-from-home for majority of employees through 2020
Visa Inc will allow a majority of its workforce to work from home through 2020, according to Chief Executive Officer Alfred Kelly Jr., mirroring similar moves from other fintech companies earlier in the week.
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Elderly home turns to wearables for contact tracing, sidestepping Apple-Google limits
When a senior living facility in Amarillo, Texas suspected a nurse may have caught the novel coronavirus this month, it had a list within five minutes of staff and residents the nurse could have infected.
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U.S. economy won't reclaim all of its lost ground until after 2021: CBO
The U.S. economy should bounce back sharply in the third quarter after its deep coronavirus-related collapse, but it will not fully retake recover lost ground until sometime after next year, the non-partisan Congressional Budget Office said on Tuesday.
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