The sell-off that wiped out global stock gains for the year eased in Asia as authorities moved to contain the coronavirus, and oil futures edged higher after crude's biggest loss in almost seven weeks. Fujifilm rose on prospects its Avigan drug will be used to fight the disease, with Gilead having surged on WHO comments in support of its experimental remdesivir drug. But companies globally warned the outbreak will hit business hard:
Mastercard cuts revenue forecast; United Air abandons 2020 profit goal
Biggest U.S. port sees drag from virus through most of 2020
Apple's China iPhone sales fell in January; February may be worse
French shipping giant's debt plan at risk as trade threatened
The U.K. and the EU are increasingly at odds ahead of next week's trade talks, with each side accusing the other of backing away from past promises. The National Farmers Union warned the government of allowing imports of food that fall short of the country's own standards when it draws up trade deals. Nissan Motor warned its Sunderland plant remains at risk if Britain doesn't get a deal, leaving car sales to Europe subject to a 10% tariff.
FIFA, UEFA and the NFL are on the same team in asking the U.S. to keep Saudi Arabia on its higher-priority watch list of nations that don't protect IP rights because of unchecked content piracy. They claim Saudi Arabia-based beoutQ tapped illegally into coverage of their top events and sold it on to viewers across the Middle East. The USTR holds hearings on the so-called special 301 review in Washington tomorrow.
Harvey Weinstein was convicted of rape and a criminal sexual act more than two years after allegations against the Hollywood power broker sparked the #MeToo movement. While he was found guilty of rape in the third degree, the former movie mogul was acquitted of the most serious charge, predatory sexual assault, and a count of rape in the first degree. He faces a five- to 25-year sentence on the criminal sexual act charge and up to four years on the rape count.
Mastercard cuts revenue forecast; United Air abandons 2020 profit goal
Biggest U.S. port sees drag from virus through most of 2020
Apple's China iPhone sales fell in January; February may be worse
French shipping giant's debt plan at risk as trade threatened
The U.K. and the EU are increasingly at odds ahead of next week's trade talks, with each side accusing the other of backing away from past promises. The National Farmers Union warned the government of allowing imports of food that fall short of the country's own standards when it draws up trade deals. Nissan Motor warned its Sunderland plant remains at risk if Britain doesn't get a deal, leaving car sales to Europe subject to a 10% tariff.
FIFA, UEFA and the NFL are on the same team in asking the U.S. to keep Saudi Arabia on its higher-priority watch list of nations that don't protect IP rights because of unchecked content piracy. They claim Saudi Arabia-based beoutQ tapped illegally into coverage of their top events and sold it on to viewers across the Middle East. The USTR holds hearings on the so-called special 301 review in Washington tomorrow.
Harvey Weinstein was convicted of rape and a criminal sexual act more than two years after allegations against the Hollywood power broker sparked the #MeToo movement. While he was found guilty of rape in the third degree, the former movie mogul was acquitted of the most serious charge, predatory sexual assault, and a count of rape in the first degree. He faces a five- to 25-year sentence on the criminal sexual act charge and up to four years on the rape count.
