Category Archives: CNN – Business

Gilead Sciences drug may help treat coronavirus symptoms, according to WHO

Gilead Sciences drug may help treat coronavirus symptoms, according to WHO

Shares of American biotech firm Gilead Sciences rose 3% Monday after an official from the World Health Organization said that Gilead’s drug remdesivir is showing signs that it may be able to help treat the deadly coronavirus. Gilead Sciences was the top performing stock in the S&P 500 and was just one of two stocks…MORE

Coronavirus is fast becoming an ‘economic pandemic’

Coronavirus is fast becoming an ‘economic pandemic’

The emergence of hundreds of coronavirus cases in two major economies outside China has dashed hopes of a speedy recovery from an epidemic that has already wreaked havoc on global supply chains and hit company profits. The number of infections in South Korea, a major producer of cars, electronics and machinery, has shot up to…MORE

Coronavirus market freakout: Stocks flew way too close to the sun

Coronavirus market freakout: Stocks flew way too close to the sun

Apple dropped a bombshell last week. Yet Wall Street, in the throes of a historic meltup, reacted with a collective shrug. America’s most valuable company warned investors on February 17 that its sales would miss the mark because of chaos caused by the coronavirus outbreak in China. Yet investors, betting the coronavirus storm would soon…MORE

The Costco Connection is America’s fourth biggest magazine

The Costco Connection is America’s fourth biggest magazine

Costco relies on a surprising perk to engage its executive members and keep them hooked on their $120-a-year subscription: The Costco Connection monthly magazine. Costco mails out the Connection to executive members every month for free. The magazine features cooking recipes, offers from Costco’s travel and auto services, electronics and book reviews, ads for its…MORE

Dow futures drop 900 points as coronavirus spreads to Italy

Dow futures drop 900 points as coronavirus spreads to Italy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks nosedived on Monday as the spread of coronavirus accelerated outside China, with more than 200 cases reported in Italy and over 830 in South Korea. Happening now: Investors are becoming…MORE

Pepsi is buying a major Chinese snack retailer for $705 million

Pepsi is buying a major Chinese snack retailer for $705 million

PepsiCo is buying a Chinese company that sells snacks online as it tries to corner more of the world’s largest food and beverage market. The American soda and snack company said Sunday that the deal to buy Be & Cheery — valued at $705 million — will help Pepsi become “China’s leading consumer-centric food and…MORE

What is MSNBC’s problem with Bernie Sanders?

What is MSNBC’s problem with Bernie Sanders?

A version of this article first appeared in the “Reliable Sources” newsletter. Bernie Sanders’ big win in Nevada over the weekend highlighted the hostility between his campaign and MSNBC, the network with a progressive brand but an establishment bent. The campaign continued to criticize the network over the weekend — in response to highly controversial…MORE

Playlist

Headlines