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GSK to partner with Vir for potential COVID-19 treatments, invest $250 million

British drugmaker GlaxoSmithKline will invest $250 million in Vir Biotechnology Inc and collaborate to develop potential antibody treatments for COVID-19, the disease caused by the new coronavirus, the companies said

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Zoom shares slip over security concerns, rising competition

Shares of Zoom Video Communications Inc (ZM.O) fell 8% on Monday, adding to their sharp declines in the past few days, as the video conferencing app battles privacy concerns and

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Capri furloughs all North America retail staff, sees stores opening around June 1

Capri Holdings Ltd (CPRI.N) will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1, the owner of

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Airbus announces additional production pauses

Airbus (AIR.PA) said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by the coronavirus crisis. Europe’s

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CVS ramps up drive-through coronavirus testing sites with faster kits

CVS Health Corp (CVS.N), called on by the Trump administration last month to help test Americans for infections from the new coronavirus, said it was launching two offsite testing locations

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Luckin Coffee chairman defaults on loan, surrenders company shares

Luckin Coffee (LK.O) Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by

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U.S. airlines ease loyalty programs in coronavirus travel slump

U.S. airlines are extending loyalty program benefits and status into 2021 for members homebound because of the new coronavirus. Business and leisure travel have virtually ground to a halt worldwide,

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