HaloVax Founder and the director of Vaccine and Immunotherapy Center at MGH Dr. Mark Poznansky joins Yahoo Finance’s Zack Guzman to discuss the latest coronavirus developments. ...
Air Canada (OTCMKTS:ACDVF) said it will take three years to get back to 2019 revenue and capacity levels, and that it is accelerating the retirement of 79 older planes to make ends meet while it rides out the coronavirus crisis.That recovery timeline was echoed last week by executives at U.S. carriers. Canada's biggest airline reported Monday that first-quarter revenue fell 16% to CA$3.7 billion ($2.6 billion), the first time in 27 consecutive quarters it has not had revenue growth. Airlines began to suspend flights to Asia in January and February, but the full impact of the coronavirus pandemic didn't materialize until March, when social distancing measures and travel bans were implemented worldwide. The destruction in travel demand and resulting ticket cancellations led to a CA$1 billion loss, or $345 million on an adjusted basis. Adjusted earnings per share of minus CA$1.49 was below analysts' consensus for a loss per share of CA$1.22."While the duration...
Restaurant owners remain fearful that the coronavirus will close their business once and for all. Atlas Restaurant Group CEO Alex Smith joins Yahoo Finance’s On The Move to assess the future of the food industry and potential plans of reopening....
(Bloomberg) -- U.S. President Donald Trump said some states “aren’t going fast enough” to reopen, even as he acknowledged that the nation’s death count would likely be higher than he had predicted. Trump accused Beijing of attempting a cover-up and promised a conclusive report on the pandemic’s origins.Scientists created a monoclonal antibody that can defeat the new coronavirus in the lab, an early but promising step. U.S. researchers will track thousands of children to determine how they’re affected by the pathogen.The worst-hit countries in Europe moved to ease curbs as cases slowed. Italy began to reopen its economy after two months, but the premier was criticized for being too cautious, and Spain started to relax its lockdown regime after weeks of confinement.Goldman Sachs and Morgan Stanley economists said there’s evidence the world economy is bottoming out. J. Crew filed for bankruptcy, and Tyson Foods warned supply disruptions would probably continue.Key DevelopmentsVirus...
