British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source told Reuters, as customers cut production and airlines park planes due to the coronavirus pandemic.
On Friday, Tesla braced its furloughed U.S. employees for at least another week of unemployment, wrapping up a wild week that included expletives and wild tweets from CEO Elon Musk.
California Gov. Gavin Newsom said on Friday that the state is "days, not weeks" away from making significant modifications to its shelter-in-place order and could begin reopening parts of the country's largest state economy.
Trump walked back two statements about the U.S. response to coronavirus — one on testing and one on the use of disinfectants as treatment — in the past week alone.
Gilead Sciences is working to make remdesivir accessible and affordable, but it will eventually need to transition to a more "sustainable model," CEO Daniel O'Day says.
Boeing on Thursday said it raised a whopping $25 billion in a bond offering and it won't seek federal aid as the aerospace giant faces the fallout from the coronavirus pandemic.
Guy Ryder, the head of the United Nation's labor agency, told CNBC that Germany's approach to employment during the coronavirus crisis is an example to the rest of the world.