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Fox Business

Fox Business

OPEC, allies set to ease oil cuts, seeing pandemic recovery

Sun, Jul 12, 2020

Key members of the Organization of the Petroleum Exporting Countries and its Russia-led allies are set to meet via web conference Wednesday to debate the group's current and future production....

Tesla slashes Model Y SUV price as coronavirus weighs on auto sector

Sun, Jul 12, 2020

Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic....

India's Biocon secures approval use drug on coronavirus patients

Sat, Jul 11, 2020

India’s Biocon Ltd has received regulatory approval for its drug Itolizumab to be used on coronavirus infected patients suffering from moderate to severe respiratory distress, the biopharmaceutical company said in a statement on Saturday....

Coronavirus vaccine could tilt election toward Trump by energizing stock market

Sat, Jul 11, 2020

The S&P 500 has rallied 42 percent from its March 23 low, but the momentum has stalled over the past week as the number of daily COVID-19 infections reached the highest level on record....

Chinese banks must brace for surge in bad loans, regulator says

Sat, Jul 11, 2020

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating....

Bill Gates calls for COVID-19 meds to go to people who need them, not 'highest bidder'

Sat, Jul 11, 2020

Billionaire philanthropist Bill Gates called for COVID-19 drugs and an eventual vaccine to be made available to countries and people that need them most, not to the “highest bidder,” saying relying on market forces would prolong the deadly pandemic....

Nasdaq grabs new record as stocks post weekly gains

Fri, Jul 10, 2020

US stocks end week on a positive note ahead of earnings season....

Carnival sales plunge 85% as coronavirus docks ships

Fri, Jul 10, 2020

The Miami-based cruise operator’s revenue plunged 85 percent from a year ago to $740 million, driving its loss to $6.07 per share....

German biotech firm says its coronavirus vaccine will be ready for approval by December

Fri, Jul 10, 2020

BioNTech has partnered with Pfizer to develop a coronavirus vaccine that may be ready by the end of 2020....

Tesla stock skeptics burn $18B with bad bets

Fri, Jul 10, 2020

Tesla short-sellers have lost $18.1 billion this year as the electric-car marker's stock price surged, according to S3 Partners....

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