Former skeptic of COVID-19 drug remdesivir changes sales estimate to over $7 billion 3 June 2020, 6:24 pm

Less than two months ago, analyst Geoffrey Porges had said investors were giving a “generous amount of credit” for a drug that likely won’t be sold for a profit. Now he’s forecasting a sales boom.

Zoom transforms hype into huge jump in sales, customers 3 June 2020, 6:07 pm

The company expects the trend to continue the rest of the year, and projected that revenue and profit will leapfrog investors’ earlier expectations.

Wall Street opens higher, extending gains into a fourth day 3 June 2020, 5:45 pm

Investors appear to be focused instead on hopes that the worst of the pandemic downturn has passed, or will soon, as governments slowly lift the restrictions that left broad swaths of their economies at a standstill beginning in March.

Coty in talks with Kim Kardashian after Kylie Jenner deal 3 June 2020, 4:59 pm

The possible partnership comes just months after Coty closed a $600 million U.S. deal with Kylie.

Europe may join race for early vaccine access with deals, memo shows 3 June 2020, 4:53 pm

There is growing concern in Europe that the region will fall behind the U.S. or China in obtaining supplies of any shot that proves successful.

Montreal could sell ‘stimulus bonds’ for COVID-19 recovery, report says 3 June 2020, 4:37 pm

The report by economists and other experts says Montreal should ask Quebec to temporarily suspend the rules that require it to balance its books.

Bank of Canada keeps key rate target on hold, expects return to growth in Q3 3 June 2020, 4:35 pm

Economists had expected the central bank to maintain its target for the overnight rate, which former governor Stephen Poloz has repeatedly said is as low as it can go.

Crisis austerity in oil-rich gulf may test political balance 3 June 2020, 4:22 pm

Thrift may be in place for a while due to the fiscal outlook. And with less money to spend on citizens, governments could face increased public scrutiny of how their oil wealth is used.

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