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News Highlights: Top Company News of the Day

10/23/2020 | 05:16pm EST
Covid-19 Vaccine Trial From AstraZeneca, Oxford Can Resume in U.S. 

A late-stage trial of the coronavirus vaccine had been on hold in the U.S. while the FDA reviewed mysterious neurological conditions in two subjects.

Covid-19 Continues to Help Some, Hurt Others in S&P 500 

The pandemic's uneven hit, reflected in companies' financial performance and data tracked by Dow Jones Newswires, is hampering the U.S. economic recovery and exacerbating the socioeconomic divide.

McDonald's Seeks Dismissal of Suit Filed by Black Former Franchisees 

The burger chain asked a federal judge to dismiss a discrimination lawsuit accusing it of selling Black owners subpar stores and scrimping on support, saying it wasn't in its interest to have franchisees fail.

Why Merck Is Playing Catch-Up in the Coronavirus Vaccine Chase 

Initial hesitation by senior executives about joining the global effort puts the company in an unusual spot: behind.

American Express Reports Higher Consumer Retail Spending 

The credit-card company said consumer retail spending improved in the third quarter, but spending on travel and entertainment remained substantially lower.

Huawei Shows Signs of Strain From U.S. Pressure on Chips 

China's Huawei is facing revenue pressure as the U.S. squeezes its chip supplies and an increasing number of countries shun its 5G gear.

Canadian Retailer Le Chateau to Liquidate Assets, Wind Down Operations 

Battered by the impacts of the coronavirus pandemic, the specialty retailer said it filed for bankruptcy protection with plans to liquidate its assets and wind down its operations.

Uber and Lyft Must Classify Drivers as Employees, Appeals Court Says 

The ride-hailing companies must comply with an order that requires them to reclassify their drivers as employees, a California appeals court said, siding with a lower-court ruling that threatened to upend the business models.

Intel's Cloud Thickens 

The chip maker's data-center sales slow just as it faces key questions about manufacturing outlook.

French Court Asks Microsoft for Safeguards Against U.S. Surveillance of Health Data 

A French court has ruled that Microsoft can continue hosting a government-run project aggregating citizens' anonymous health data, but must guarantee no data will be sent to the U.S. or be shared with American intelligence.

(END) Dow Jones Newswires

10-23-20 1715ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY 3.85% 120.485 Delayed Quote.-6.75%
ASTRAZENECA PLC 0.00% 8000 Delayed Quote.5.17%
DJ INDUSTRIAL 1.53% 30042.49 Delayed Quote.2.54%
LYFT, INC. 0.97% 39.66 Delayed Quote.-8.53%
MICROSOFT CORPORATION 1.30% 212.88 Delayed Quote.33.41%
NASDAQ 100 1.44% 12078.094523 Delayed Quote.36.33%
NASDAQ COMP. 1.31% 12036.549587 Delayed Quote.32.12%
S&P 500 1.59% 3634.66 Delayed Quote.10.73%
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