(Bloomberg) -- The death toll from the new coronavirus reached 50,000 in the U.S., now the epicenter of the global outbreak. The World Health Organization formed an international alliance to ensure that Covid-19 vaccines and treatments are distributed fairly.The U.S. Food and Drug Administration warned patients about taking malaria medications touted by President Donald Trump.Spain had its fewest deaths in five weeks, and new cases in Singapore dropped below 1,000 for the first time in five days. Russia reported the most new cases since April 19, and Germany had its worst day in almost a week. Chancellor Angela Merkel said the country is “far from being out of the woods.”Key DevelopmentsVirus Tracker: Cases top 2.7 million; deaths exceed 191,000Europe grapples with lockdowns as cases drop and economies reelMnuchin asks for equity stakes in exchange for $17 billion aidGilead sinks after latest data leak on virus drug trialTrump muddles virus response while...
Just when it looked like time to throw in the towel, the market pulled through and delivered a win. Stabilizing crude oil prices, a few better-than-expected earnings reports as well as the possibility of a fresh fiscal stimulus package all helped inspire confidence among investors.While April's rally doesn’t necessarily signal that the worst is behind us, it’s encouraging to say the least. Add in the opportunity to find exciting growth plays, and you have our attention.According to the Wall Street pros, even amid the ongoing public health crisis, a select group has set itself up for growth to the upside, pointing specifically to the healthcare sector. Stocks falling into this category are well positioned within the industry, and aren’t just in it for the short-term. Rather, these names are poised for some serious share price appreciation through the next year and beyond.We all know that past performance won’t guarantee future results....
An average of 750 workers of Fiat Chrysler Melfi assembly plant in southern Italy will be back to work next week to prepare the facility for the final development of the group's new hybrid cars, a union representative said on Friday. Marco Lomio, of UILM union, said the automaker had informed unions that workers would have to complete cars left unfinished on assembly lines when the plant was shut in mid-March following rules imposed by Rome to stem the coronavirus spread. "We'll start with 500 people on Monday and we'll peak on Wednesday with around 1.000 workers," Lomio said....
Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire from the CEO position but will serve as executive chairman of the board until January 2021. The announcement, made during AT&T's virtual annual shareholder meeting, drew a sharp response from U.S. President Donald Trump, who tweeted it was "great news" that Stephenson was leaving. Stankey oversaw WarnerMedia after AT&T's $85 billion purchase of media company Time Warner, as well as the creation of HBO Max, the new streaming service that will launch May 27....
