Pfizer profits slip 32 percent as pandemic cuts sales
Pfizer Inc reports a 32 percent drop in second quarter profit due to the global pandemic limiting marketing and new prescriptions. The company still improves parts of its 2020 forecast while reaffirming others. Remington Arms seeks Chapter 11 protection amid lawsuits and sales limits following the Sandy Hook massacre. Turkish lawmakers debate a bill to force social media firms to maintain local offices and face penalties for noncompliance.
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Pfizer Inc
Pfizer
U.S
Remington Arms
Sandy Hook
Northern District of Alabama
Madison, North Carolina
Sandy Hook School
Remington
Facebook
Twitter
Turkey
Four Big Tech CEOs to testify before Congress
Amazon's Jeff Bezos Facebook's Mark Zuckerberg Google's Sundar Pichai and Apple's Tim Cook will testify remotely at a House Judiciary antitrust hearing. The panel examines market power, potential remedies, and whether current laws fit a digital age.
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Washington
Amazon
Jeff Bezos
Facebook
Mark Zuckerberg
Google
Sundar Pichai
Tim Cook
Apple
Wall Street
Bezos
Congress
House Judiciary Subcommittee On
Antitrust
Big Tech
Daniel Crane
University of Michigan
Crane
Judiciary
Subcommittee
Rep
David Cicilline
Rhode
Pablo Martinez Monsivais
Evan Vucci
Jeff Chiu
Jens Meyer
THE
Associated Press
Kodak lands loan to boost US drug supply
Eastman Kodak will receive a federal 765 million loan from the U S International Development Finance Corp to repurpose Rochester and St Paul facilities. Kodak Pharmaceuticals will produce essential generic drug ingredients and backstop national shortages, creating 360 jobs in Rochester and 1 200 construction roles.
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Kodak
Eastman Kodak
Rochester
New York
U.S. International Development Finance Corp
Adam Boehler
IDF
Boehler
CNBC
China
India
Kodak Pharmaceuticals
Food and Drug Administration
St. Paul
Minnesota
Nissan forecasts second year of red ink amid Covid slump
Nissan Motor Co reported a 285.6 billion yen loss for April-June as sales collapsed during the COVID-19 pandemic. The Yokohama firm posted its first annual red ink in 11 years and forecasts another loss for the year through March 2021. CEO Makoto Uchida warned the market could worsen while the company pursues cost cuts and a pivot to China, the U.S., and Japan.
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Tokyo
Nissan
Carlos Ghosn
Nissan Motor Co
Piss
Spain
Indonesia
U.S
Ghosn
Lebanon
Renault
Makoto Uchida
Uchid
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