(Bloomberg) -- U.S. coronavirus cases rose 1.5% in the past 24 hours, the third straight daily decline. New York’s western region and the area around Albany are poised to reopen. The Trump administration stepped up attacks on China, accusing the nation -- without evidence -- of sending airline passengers to spread the virus. A Walt Disney mall in Florida will begin to open this week.The U.K. will be first in line to get an AstraZeneca vaccine. Tesla received permission to reopen its California factory after first defying local officials.Key Developments:Virus Tracker: Cases top 4.6 million; deaths exceed 314,000Pandemic shatters world order, sowing anger and mistrustCoronavirus wreaks havoc on future of U.S. immigrant laborEuropean leaders accept risk of reopening, hope for vaccineNew Zealand plans safe haven as Arden charts rapid rebuildEmirates weighs biggest cut yet as airline industry shrinksFed chief’s spend-more message steps onto Congress’s turfSubscribe to a daily update on the...
Microsoft Corp. (MSFT) has signed a definitive agreement to buy virtualized network software provider Metaswitch Networks to help boost its exposure to 5G and increase its offerings for the telecommunications industry.Terms of the deal weren’t disclosed. Private equity-backed Metaswitch offers cloud-based voice, data and communications solutions for telecommunications operators.“The convergence of cloud and communication networks presents a unique opportunity for Microsoft to serve operators globally via continued investment in Azure, adding additional depth to our hyperscale cloud infrastructure,” Yousef Khalidi, Corporate Vice President at Microsoft said in a blog post. “Metaswitch’s complementary portfolio of ultra-high-performance, cloud-native communications software will expand our range of offerings available for the telecommunications industry.”Metaswitch was founded in 1981 as a pioneer in next-generation voice technology and counts British Telecom, T-mobile, Swisscom, Telstra and Vodafone as its main customers.“As the industry moves to 5G, operators will have opportunities to advance the virtualization of their core networks and...
A merger would give Uber Eats' money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber's business of shuttling people from place to place. "If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you," the Democrat from Minnesota tweeted. Klobuchar is a senior member of the Senate's antitrust committee, which oversees competition enforcement....
There's no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures.When times are good, people like to celebrate with a drink or a smoke or a roll of the dice. When times are hard, they turn to these activities as a distraction or a means of self-medication. Regardless of how you feel about the activities themselves, here are seven "sin stocks" to buy that Morningstar analysts say have significant upside.Philip Morris International Inc. (NYSE: PM)Philip Morris is one of the largest global tobacco companies and holds nearly a 30% market share of the international cigarette and heated tobacco markets.Analyst Philip Gorham says Marlboro customer loyalty is extremely high and Philip Morris has considerable pricing power....
(Bloomberg) -- Tesla Inc. told employees that a California county health official has now signed off on safety measures the company took last week at its car plant as it restarted production in defiance of the area’s shutdown order.The Alameda County health officer’s approval means Tesla has local support to resume full production starting this week, Laurie Shelby, the company’s environmental, health, and safety vice president, wrote in an email to staff Saturday that was viewed by Bloomberg News. Representatives for Tesla and the county didn’t respond to queries outside regular business hours.The county’s authorization could resolve a highly contentious episode in which Elon Musk threatened to move Tesla’s headquarters and future programs out of California and sued the county over its health officer’s resistance to reopening the factory in Fremont. It’s unclear whether the chief executive officer will now follow through on his warnings, which also included shifting the company’s...
