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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Jul 09, 2020
Page
6
United Airlines plans 60 day notices to employees as a worst case 36000 layoffs amid virus driven travel slump. Early retirement offers may limit October cuts while infection rates rise and quarantine rules expand across states. The move signals severe labor strain in the airline industry.
The pharmaceutical industry faces bipartisan criticism for high drug prices yet sees a rare chance to restore reputation through a COVID-19 vaccine push. Major firms including Pfizer Moderna Johnson & Johnson AstraZeneca Merck and GlaxoSmithKline race to develop vaccines while critics warn price leverage and regulatory gaps loom. Industry leaders argue profits fund life saving medicines, but skeptics fear price hikes persist.
The European Commission unveiled plans to expand clean hydrogen production to reach 14 percent of Europe’s energy by 2050 and help the economy recover from COVID-19. Green groups oppose low carbon hydrogen and call for hydrogen produced only from renewable energy, while estimates cite 180 to 470 billion euros in investments by mid century.
A survey finds more than 40 percent who spent on movies events or bars before COVID-19 plan to spend less now. With unemployment over 10 percent and small businesses seeking a return to normal by year end, many Americans cut back on dining out haircuts sports events and travel while some increase charitable giving and home services.
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