Formula One Hopes to Start Season in Austria

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Paris (AP) — Formula One hopes to finally start the season with a double-header in the naturally isolated environment around the venue for the Austrian Grand Prix. Despite the first 10 races having been […]

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The Great Shale Shut-In Has Begun, Making Good on Trump’s Pledge

American shale explorers are rapidly crimping production in the country’s most prolific oil fields as the worst price crash in history threatens the industry’s survival. Three of the biggest oil explorers in the U.S. — Exxon Mobil Corp., Chevron Corp., and ConocoPhillips — plan to curb as much as 660,000 barrels a day of combined American output by the end […]

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Beyond Meat’s $4 Billion Rival Is in Fresh Funding Talks

Impossible Foods Inc., maker of the eponymous soy-based burger, has been in talks with investors about raising more funds after receiving excess demand for a $500 million funding round in March, according to people familiar with the matter. The firm has held initial talks with potential investors including some Chinese funds, said the people, who asked not to be identified […]

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NBCUniversal’s Cost-Cutting Push to Include Significant Job Cuts

NBCUniversal’s aggressive plan to streamline the media business during the coronavirus crisis will include job cuts, according to a person familiar with the situation. Jeff Shell, who runs the Comcast Corp. division, said this week that he was seeking ways to cut costs, saying NBCUniversal would ultimately emerge as a “a different company.” Headcount could be significantly reduced in the […]

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Kim Jong Un Photos Hold Few Clues to Mysterious 20-Day Absence

Kim Jong Un’s first public appearance in almost three weeks sent analysts poring over the few photos released by North Korean media for clues about his mysterious absence. Propaganda reports Saturday about Kim’s visit to a fertilizer factory northeast of Pyongyang didn’t make the slightest allusion to the global speculation about his health in recent weeks. That left observers to […]

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Sexual Assault Advocates Expected More From Joe Biden

The hashtags “I Believe Biden” and “I Believe Joe” were trending online Friday morning following Joe Biden’s first public denial of Tara Reade’s sexual assault allegation against him. The former vice president released a statement and later appeared on “Morning Joe” in a combative interview with Mika Brzezinski. “It is not true,” Biden told Brzezinski of Reade’s accusation that she […]

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Trump Plans To Attend Mount Rushmore’s July 4th Fireworks Show

President Donald Trump is planning to attend Mount Rushmore’s annual Independence Day celebration to watch the newly reinstated fireworks show that will be held on July 3. Trump told conservative radio host Dan Bongino on Friday that he was planning to see the fireworks show, which hasn’t been held at South Dakota’s Mount Rushmore National Memorial since 2009. “For 20 […]

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Greenlight’s Einhorn Exits GM, Doubts Tesla Board’s Independence

Hedge fund manager David Einhorn summed up a five-year investment in General Motors Co. as “a disappointment” and criticized Tesla Inc. for the second time in as many days. Greenlight Capital exited GM because the coronavirus pandemic has eliminated any chance the carmaker will do a minimal share repurchase this year, Einhorn wrote in a letter to investors Friday. A […]

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