Human Cost Signals End to 99-Cent Chicken for U.S. Meatpackers

The human cost of producing 99-cent chickens and affordable burgers during a pandemic is pushing U.S. meatpackers to eye major operational changes that will likely make American meat more costly. Some plants are already running slower than normal to adhere to social distancing. But companies are also considering how best to redesign their operations to prevent infections, including by automating […]

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20 million US jobs just vanished. Here's what that means

New York (CNN Business)The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic. Although more than 80,000 Americans have died and over 33 million have lost jobs, Wall Street has swiftly recovered from the initial shock delivered by the health crisis. The S&P 500 has spiked 31% […]

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The economic recovery hinges on a big unknown: human behavior

New York (CNN Business)Americans are slashing their spending, hoarding cash and shrinking their credit card debt as they fear their jobs could disappear during the coronavirus pandemic. US credit card debt suddenly reversed course in March and fell by the largest percentage in more than 30 years. At the same time, savings rates climbed to levels unseen since Ronald Reagan […]

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Coronavirus outbreak pushes Honda deeper into quarterly losses

Fox Business Flash top headlines for May 11 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below TOKYO (AP) — Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, […]

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Sanofi: Sarclisa Trial Meets Primary Goal Early In Relapsed Multiple Myeloma

French drug maker Sanofi SA (SNYNF) announced Tuesday that Sarclisa (isatuximab) Phase 3 IKEMA trial met the primary endpoint in patients with relapsed multiple myeloma. The study results were released early based on recommendation of an Independent Data Monitoring Committee. The company said the trial evaluated Sarclisa added to carfilzomib and dexamethasone. The randomized, multi-center, open label Phase 3 IKEMA […]

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Sensex slumps over 400 pts; Nifty drops below 9,200

Foreign portfolio investors purchased equities worth ₹534.87 crore in the capital market on Monday, provisional exchange data showed. Equity benchmark Sensex dropped over 400 points in opening session on May 12 dragged by losses in index-heavyweights HDFC twins, Reliance Industries and ICICI Bank amid weak cues from global markets. After touching a low of 31,097.50, the 30-share index was trading […]

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ECB Heads for More Stimulus Even as Courts Spar Over Its Limits

In the middle of a spat between Europe’s top courts over the limits of European Central Bank monetary stimulus, President Christine Lagarde is probably preparing to do even more. A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro ($2.9 trillion) asset-purchase program, and will do what’s needed to carry the euro zone […]

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