WASHINGTON — Drugmaker AbbVie has won U.S. antitrust approval to buy Botox-maker Allergan, a blockbuster $63 billion deal when it was announced last year, the companies announced on Tuesday. Read More
AbbVie wins U.S. antitrust approval to buy Allergan — Financial Post
How Boeing went from appealing for government aid to snubbing it — Financial Post
NEW YORK/WASHINGTON — In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. Read More
How Boeing went from appealing for government aid to snubbing it — Financial Post
U.S. oil consumption stabilizes but stockpiles continue to swell: Kemp
LONDON — U.S. petroleum consumption has fallen by a third since the economy went into lockdown in March but showed signs of stabilizing last week, …
U.S. oil consumption stabilizes but stockpiles continue to swell: Kemp
Global economic contraction to be steepest on record, recovery U-shaped
BENGALURU — Pummeled into recession by the coronavirus pandemic, the global economy will suffer its steepest contraction on record this year, with a…
Global economic contraction to be steepest on record, recovery U-shaped
Big U.S. banks to be temporarily locked out of small business lending program – SBA — Financial Post
WASHINGTON — The Small Business Administration on Wednesday said it would be temporarily closing its Paycheck Protection Program (PPP) for small businesses hurt by the novel coronavirus to all but the country’s smallest lenders, in a bid to give them fair access. Read More
Big U.S. banks to be temporarily locked out of small business lending program – SBA — Financial Post
Venezuela asks Bank of England to sell its gold to UN for coronavirus relief – sources — Financial Post
CARACAS — Venezuela is asking the Bank of England to sell part of the South American nation’s gold reserves held in its coffers and send the proceeds to the United Nations to help with the country’s coronavirus-fighting efforts, according to two sources with knowledge of the situation. Read More
Venezuela asks Bank of England to sell its gold to UN for coronavirus relief – sources — Financial Post
Volkswagen, Toyota delay restarting U.S. production — Financial Post
Volkswagen AG and Toyota Motor Corp said Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network. Read More
Volkswagen, Toyota delay restarting U.S. production — Financial Post
Michigan to reopen construction industry in state on May 7 — Financial Post
DETROIT — Michigan Governor Gretchen Whitmer said on Wednesday she will allow the state’s construction industry to return to work on May 7 as the Midwestern state works to reopen its economy amid the coronavirus outbreak. Read More
Michigan to reopen construction industry in state on May 7 — Financial Post
Wall Street rallies on promising coronavirus drug — Financial Post
NEW YORK — U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell. Read More
Wall Street rallies on promising coronavirus drug — Financial Post
Active U.S. planting weighs on corn market, wheat hits 1-month low — Financial Post
CHICAGO — Chicago corn futures slid on Monday on favorable U.S. planting weather coupled with struggling crude oil prices that continue to pressure demand for corn-based ethanol fuel, analysts said. Read More
Active U.S. planting weighs on corn market, wheat hits 1-month low — Financial Post
