• Testing of Covid-19 vaccines in humans has begun and U.S. drugmakers are building up manufacturing capacity—but a full supply to vaccinate the general public might not be available until well into 2021 Link
    WSJ Business News Sun 17 May 2020 17:12

    Governments and drugmakers are weighing how to roll out coronavirus vaccines, including reserving the first batches for health-care workers, as several shots race to early leads.

    Of more than 100 vaccines in development globally, at least eight have started testing in humans, including candidates from Moderna Inc. and Pfizer Inc. At the same time, pharmaceutical giants like Johnson & Johnson, AstraZeneca PLC and Sanofi SA are building capacity to make hundreds of millions of doses of their own or their partners’ vaccines....

  • Some European countries are considering standards for contact-tracing apps developed by Apple and Google, in some cases switching to the Silicon Valley model after first trying homegrown options Link
    WSJ Business News Sun 17 May 2020 16:42

    The continent that helped lead a backlash against Silicon Valley’s appetite for personal data is increasingly aligning itself with technology built by Apple Inc. and Alphabet Inc.’s Google to blaze a path out of the coronavirus pandemic.

    Countries across Europe, like others in the developed world, are building their own smartphone apps to help conduct contact tracing. The aim of the apps is to help public-health officials identify and test everyone who has spent time near an infected person, to better understand and contain...

  • Rebooting more than 40 U.S. assembly plants—as well as the thousands of component makers that supply them—is likely to be a slow and arduous process, say auto industry executives and consultants Link
    WSJ Business News Sun 17 May 2020 16:12

    Like many in the U.S. auto industry this month, Peter Anthony  is busy trying to get his auto-supply business running again after a multiweek shutdown.

    But orders from car makers are just trickling in. He had called back only about 5% of his 2,000-employee workforce as of last week, and doesn’t expect to return to profitability soon.

    “No supplier...

  • What do you do when furloughed from the Happiest Place on Earth? Some do pirouettes in the backyard, put on stage makeup and make Disney-themed face masks Link
    WSJ Business News Sun 17 May 2020 15:42

    Since she was furloughed from her job at Walt Disney World, 24-year-old Devon Elizabeth Sofia has had a top priority: staying in shape for when the park reopens.

    Quarantined in her parents’ home in St. Louis, she heads to a gym in the backyard to choreograph dances inspired by some of the 16 roles she plays. Fancy Nancy, a ballerina, pirouettes on her toes. Timon, the wisecracking meerkat from “The Lion King,” inspires squatting moves—good for quads and glutes—whereas Vampirina, a six-year-old vampire on a Disney Channel show,...

  • J.C. Penney has proposed splitting up its retail and real-estate holdings through a bankruptcy process. Link
    WSJ Business News Sun 17 May 2020 15:12

    The clock is ticking for J.C. Penney Co., which is racing to settle with creditors quickly enough to convince them it can once again make money selling clothing, cosmetics and cookware to another generation of Americans.

    After filing for chapter 11 protection Friday, Penney appeared on Saturday in the U.S. Bankruptcy Court in Corpus Christi, Texas, where the department-store chain hopes to slash its debt, spin off a real-estate division and position itself to welcome back shoppers as many states loosen their stay-at-home restrictions.

    ...
  • Amazon had closed its warehouses in France on April 16 after a court found in favor of unions that had complained about working conditions. Link
    WSJ Business News Sun 17 May 2020 14:42

    PARIS—Amazon.com Inc. said it plans to begin reopening its warehouses in France next week, after resolving a dispute over working conditions with workers’ unions.

    The deal, under which  Amazon’s six French warehouses will reopen progressively beginning on May 19, brings a close to a dispute that has slowed Amazon’s business and fueled disputes in France, the U.S. and elsewhere over whether it is doing enough to protect the safety of workers during the coronavirus pandemic.

    ...
  • A once-overlooked kind of shopper lined up outside reopened luxury boutiques near the Champs-Elysées this past week: Parisians Link
    WSJ Business News Sun 17 May 2020 14:12

    When luxury boutiques near the Champs-Elysées reopened this past week, the crowds of big-spending tourists from China, the U.S. and the Middle East were gone, making way for a different kind of shopper: Parisians.

    Spaced apart, they lined up in front of the glittering stores of Louis Vuitton and Gucci to buy some of the brands’ less expensive items—wallets, hats or T-shirts—priced at just a few hundred euros.

    Luxury...

  • Business for companies that repossess jets when airlines go bust is poised to take off as the economic repercussions of the coronavirus pandemic wreak havoc on global travel. Link
    WSJ Business News Sun 17 May 2020 13:42

    Soon after Virgin Australia filed for bankruptcy last month, Phil Seymour’s phone started buzzing. Three leasing companies and two banks wanted to know if he had staff in Australia.

    Mr. Seymour runs IBA Group Ltd., an aviation data and advisory business. His company also repossesses jets when airlines go bust.

    Business for that line of work...

  • Some customers refuse to wear masks, putting store workers in a tough spot. In the end, their employers often advise leniency to avoid ugly incidents. Link
    WSJ Business News Sun 17 May 2020 13:11

    Retail chains from CVS to 7-Eleven are being forced to decide whether and how to enforce rules on masks after a string of attacks on clerks and security guards by patrons who refused to cover their faces.

    As more cities, states and businesses require customers to cover up in stores, face coverings have become a flashpoint in the debate over how to stop the spread of the coronavirus. Some opponents of forced shutdowns and social-distancing requirements are flouting mask mandates, leaving grocers, drugstore chains and big-box...

  • A decidedly unsexy company has an effective innovation strategy: 3M’s 15% rule Link
    WSJ Business News Sat 16 May 2020 20:51

    I met Devendra and Satyendra Kumar 15 years ago at a lab near my house. They worked for Dana Corp., a supplier of parts for semi trucks, buses and SUVs, but their project was space-age.

    The brothers Kumar, scientists in Dana’s “Disruptive Technologies” unit, bought a $100 microwave in 1999 and started nuking metal (don’t try this at home). By 2005, they had created “AtmoPlas,” a sleek heating chamber that could displace furnaces, harden steel and potentially generate hydrogen for fuel cells.

    ...
  • “Wanna buy a mask?” A Connecticut nursing home navigated the chaotic market for masks and other PPE, using an importer nicknamed the Clock Doctor Link
    WSJ Business News Sat 16 May 2020 20:21

    Nursing homes, many at the center of outbreaks of the new coronavirus, are struggling to find masks and other supplies their workers need to confront the pandemic.

    David Reis, owner of a nursing home in Connecticut, found a solution through a friend of a friend who normally imports clocks. The importer, Jordan Steinberg, said he would deliver 400,000 masks to Mr. Reis from China—a month’s supply—if he were paid about $300,000 upfront.

    ...
  • A growing group of scientists and public-health officials say they feel obligated to provide credible information online and steer the conversation away from dubious claims Link
    WSJ Business News Sat 16 May 2020 19:51

    SAN FRANCISCO—Bob Wachter, the chairman of the department of medicine at the University of California, San Francisco, has had a front-row seat to the coronavirus pandemic.

    Dr. Wachter’s job, at least in part, is to keep the department’s 3,000 or so faculty, trainees and staff current on developments in research, education and clinical care. But most days he sets aside at least two hours to keep another group informed: his Twitter followers.

    ...
  • Officials at Justice Department are focused on Google’s ad business, how it has used its search dominance Link
    WSJ Business News Sat 16 May 2020 19:21

    WASHINGTON—Both the Justice Department and a group of state attorneys general are likely to file antitrust lawsuits against Alphabet Inc.’s Google—and are well into planning for litigation, according to people familiar with the matter.

    The Justice Department is moving toward bringing a case as soon as this summer, some of the people said. At least some state attorneys general—led by Texas Attorney General Ken Paxton, a Republican—are likely to file a case, probably in the fall, people familiar with the matter said.

    ...
  • ‘If this isn’t the retail apocalypse I don’t know what would be.’ Thousands of stores will close as the coronavirus turbocharges a shift to e-commerce. Link
    WSJ Business News Sat 16 May 2020 18:51

    Amazon.com hurt many retailers. Coronavirus will finish some of them off.

    Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. The damage will be clear Friday when the U.S. government reports what is expected to be one of the worst months for retailers since World War II.

    ...
  • In an economy wrecked by pandemic, the bakers of Etsy are working hard to get that bread. Link
    WSJ Business News Sat 16 May 2020 18:21

    Just about every morning since America went on coronavirus lockdown, Suzanne McMinn has risen at 2 a.m. to bake in her home kitchen. She’s working there up to 15 hours a day, seven days a week.

    But she’s not cooking for herself, mostly. She’s cranking out dozens of orders daily for people all over the U.S.—people who found her on Etsy.

    Yes,...

  • A once-overlooked kind of shopper lined up outside reopened luxury boutiques near the Champs-Elysées this past week: Parisians Link
    WSJ Business News Sat 16 May 2020 17:51

    When luxury boutiques near the Champs-Elysées reopened this past week, the crowds of big-spending tourists from China, the U.S. and the Middle East were gone, making way for a different kind of shopper: Parisians.

    Spaced apart, they lined up in front of the glittering stores of Louis Vuitton and Gucci to buy some of the brands’ less expensive items—wallets, hats or T-shirts—priced at just a few hundred euros.

    Luxury...

  • How dubious complainants use 1998 DMCA copyright law to get Google to erase unfavorable articles. Link
    WSJ Business News Sat 16 May 2020 17:21

    A Google search, at one time, could locate a news article on a man accused of attempted child rape, another on someone charged with fraud and still others on Ukrainian politicians facing corruption allegations. Googling certain keywords in March would find an article detailing the movements of two coronavirus-infected British tourists in Vietnam and warning others who visited the same places to take precautions.

    Then the stories vanished.

    ...
  • What do you do when furloughed from the Happiest Place on Earth? Link
    WSJ Business News Sat 16 May 2020 16:51

    Since she was furloughed from her job at Walt Disney World, 24-year-old Devon Elizabeth Sofia has had a top priority: staying in shape for when the park reopens.

    Quarantined in her parents’ home in St. Louis, she heads to a gym in the backyard to choreograph dances inspired by some of the 16 roles she plays. Fancy Nancy, a ballerina, pirouettes on her toes. Timon, the wisecracking meerkat from “The Lion King,” inspires squatting moves—good for quads and glutes—whereas Vampirina, a six-year-old vampire on a Disney Channel show,...

  • Airlines have been pushing for the TSA to start taking passengers’ temperatures to keep potentially sick people from boarding planes and to make passengers feel more comfortable taking trips again Link
    WSJ Business News Sat 16 May 2020 16:21

    U.S. officials are preparing to begin checking passengers’ temperatures at roughly a dozen airports as soon as next week, as the coronavirus pandemic has heightened travel anxieties, according to people familiar with the matter.

    Details of the plan are under review by the White House and are subject to change, the people said. It couldn’t be determined which airports will initially have the new scanning procedures. A senior Trump administration official said the initial rollout is expected to cost less than $20 million, and...

  • Business for companies that repossess jets when airlines go bust is poised to take off as the economic repercussions of the coronavirus pandemic wreak havoc on global travel. Link
    WSJ Business News Sat 16 May 2020 15:51

    Soon after Virgin Australia filed for bankruptcy last month, Phil Seymour’s phone started buzzing. Three leasing companies and two banks wanted to know if he had staff in Australia.

    Mr. Seymour runs IBA Group Ltd., an aviation data and advisory business. His company also repossesses jets when airlines go bust.

    Business for that line of work...

  • Some customers refuse to wear masks, putting store workers in a tough spot. In the end, their employers often advise leniency to avoid ugly incidents. Link
    WSJ Business News Sat 16 May 2020 15:21

    Retail chains from CVS to 7-Eleven are being forced to decide whether and how to enforce rules on masks after a string of attacks on clerks and security guards by patrons who refused to cover their faces.

    As more cities, states and businesses require customers to cover up in stores, face coverings have become a flashpoint in the debate over how to stop the spread of the coronavirus. Some opponents of forced shutdowns and social-distancing requirements are flouting mask mandates, leaving grocers, drugstore chains and big-box...

  • Is that big office still necessary? More companies say ‘no.’ Link
    WSJ Business News Sat 16 May 2020 14:51

    Someday the coronavirus pandemic will release its grip on our lives and we will return to the workplace. The question is: Will there be an office to go back to when this is all over?

    The changes the business world is considering offer a radical rethinking of a place that is central to corporate life. There will likely be fewer offices in the center of big cities, more hybrid schedules that allow workers to stay home part of the week and more elbow room as companies free up space for social distancing. Smaller satellite offices...

  • A century-old retailer, J.C. Penney survived the Great Depression, but the shift to e-commerce sapped its profits and then coronavirus closed its stores. Link
    WSJ Business News Sat 16 May 2020 14:21

    J.C. Penney Co. dressed middle-class American families for more than a century, but its failure to evolve as shopping habits changed in the past decade set the retailer on a long march toward bankruptcy.

    On Friday, Penney filed for chapter 11 bankruptcy protection in Texas, becoming the biggest in a parade of retailers to seek a court restructuring during the coronavirus pandemic. Neiman Marcus Group Inc., J.Crew Group Inc. and Stage Stores Inc. have all filed for bankruptcy this month.

    ...
  • Need a survival guide for your business? The @WSJ is hosting a live Q&A today for small business owners at 3p.m. ET. Sign up here: Link
    WSJ Business News Fri 15 May 2020 15:05

    Are you a small-business owner trying to manage and operate under new economic realities? Join The Wall Street Journal's Ruth Simon in conversation with two small-business experts as they answer questions about navigating the coronavirus pandemic to emerge safely and on sound financial footing.

  • “Wanna buy a mask?” A Connecticut nursing home navigated the chaotic market for masks and other PPE, using an importer nicknamed the Clock Doctor Link
    WSJ Business News Thu 14 May 2020 20:44

    Nursing homes, many at the center of outbreaks of the new coronavirus, are struggling to find masks and other supplies their workers need to confront the pandemic.

    David Reis, owner of a nursing home in Connecticut, found a solution through a friend of a friend who normally imports clocks. The importer, Jordan Steinberg, said he would deliver 400,000 masks to Mr. Reis from China—a month’s supply—if he were paid about $300,000 upfront.

    ...
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