Deliveroo warning of collapse ‘clears’ hurdle for Amazon stake

UK competition authorities have provisionally cleared Amazon’s investment in Deliveroo after the takeaway delivery firm warned it could collapse because of the coronavirus crisis. The takeaway firm told the Competition and Markets Authority it had suffered a “significant decline in revenues” since the government lockdown to limit the spread of the virus closed many of the restaurants it dealt with. […]

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Fight Over Commercial Rent Gets Ugly With Default Wave Looming

Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are demanding payment and having their own tricky conversations with lenders. There are no easy answers as officials ponder how to safely get the economy back open. So far this month, some […]

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Coronavirus latest: Netflix and Amazon stocks reach record prices amid lockdown

NETFLIX and Amazon saw record stock prices yesterday as sweeping coronavirus lockdown measures mean that their services are being heavily used. Amazon (NASDAQ:AMZN) saw a record high of $2,449 before trading closed on Thursday at £2,408; up 4.36 percent. While Netflix (NASDAQ:NFLX) reached $449.30 before trading closed at $439.17, up 2.91 percent. The S&P 500 index was also up, albeit […]

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Gilead Gains on Report Claiming Coronavirus Drug Effectiveness

Gilead Sciences Inc. shares climbed in late trading Thursday after a report that a group of patients being treated in Chicago were “seeing rapid recoveries in fever and respiratory symptoms.” The report, from the medical news publication Stat, cited a video made by a researcher at the University of Chicago who is helping conduct a trial of Gilead’s drug remdesivir. […]

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Disney CEO Bob Iger steps down, Bob Chapek to take over

New York (CNN Business)The Walt Disney (DIS) Company, unquestionably, deserves a lot of credit. It has built a lineup of entertainment properties like none other in the world, and it has a history even older than Mickey Mouse (he’s 92). So the storied brand has fully merited the huge store of credit it gets—from movie-goers, vacationers, Broadway audiences, sports fans, […]

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17-Year-Old Explains Viral Tweet Asking Obama to Give a 'National Commencement' During Coronavirus

Louis-Dreyfus, whose son Charlie Hall graduated from Northwestern University last year, also joined in the call: “Do it, please, Mr President!,” the Veep star tweeted. Parents on Twitter were particularly excited about their children getting a memorable graduation. “That might help my high school senior smile about missing out on her prom, graduation and other senior activities,” one mother wrote. […]

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