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Business

Gilead may have a coronavirus medicine in remedesivir, but how do you offer treatment for a pandemic?

Gilead CEO Daniel O’Day said the company’s first-quarter profit called this week “too early” to say what the business model could be for Remdesivir. “Our focus will be to ensure that we create a sustainable model that allows us to provide remediation to patients around the world, which intends to provide access and accessibility,” O’Day said. “Right now, we’re reviewing …

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Therefore, it is possible that the shortage of meat will continue during the pandemic

An employee accumulates packages of beef in the meat section of a Costco store during the coronavirus pandemic (COVID-19) in Webster, Texas, May 5, 2020. Address Latif Reuters During trips to the grocery store and the rapid movement of food, customers have another reminder of how the coronavirus pandemic disrupted their normal functioning: Stronger than normal meat pathways. Butcher counters …

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Dow higher as the pace of unemployment claims slows

Shares rose on Wall Street on Thursday after sentiment was boosted by news that negotiators between the United States and China could meet as soon as next week to discuss a trade deal, and unemployment demands in the United States were lower. The Dow Jones industrial average rose 293 points, or 1.24%, to 23,957, the S&P 500 won 1.41% and …

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Neiman Marcus filed for second major retail bankruptcy to block

Neiman Marcus, a department store chain that began introducing haute couture in downtown Dallas in 1907, filed for bankruptcy protection, becoming the last retailer to be overturned by the coronavirus shutdown. The privately held company, which has been burdened with heavy debt for years despite its struggles for competition in the e-commerce era, has finally given in after business land …

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Real estate is an asset arising from the coronavirus pandemic

Kohl’s Store in San Rafael, California. Get the picture Kohl’s is better positioned than its mall-based sales associates to get out of the coronavirus pandemic and lure customers back to stores, according to its CEO. Why? It comes down to a great extent to real estate. “We always talked about our off-mall [stores] as a strategic asset for the company, …

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US weekly unemployment claims total 3,669 million, and the seven-week figure is 33.5 million

Unemployment censuses continued to swell in the United States last week, although jobless claims reached their lowest levels as the economy shifted to a blockade designed to combat the coronavirus pandemic. Unemployment insurance filings reached 3.17 million in the first week, leading to 33.5 million in the last seven weeks, the Labor Ministry said on Thursday. The total is slightly …

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