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Instacart's Boom in Business Leaves Its Gig Workers Behind

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    Cutting Through the Nike Vaporfly Controversy Cutting Through the Nike Vaporfly Controversy 8:16
    What to Expect When Flying Now (and in the Future) What to Expect When Flying Now (and in the Future) 7:13
    A Hollywood Pro's Tips for Sounding Good on Calls A Hollywood Pro's Tips for Sounding Good on Calls 4:23
9:17 a.m. Today - Barrons.com
Barron’s 2020 Midyear Roundtable: 37 Picks From Our Investment Pros Near-zero interest rates have favored growth stocks this year, while leaving value names in the dust. Our 10 panelists say this has created ample opportunities to invest in good companies selling at deep discounts.
8:33 a.m. Today - By Quentin Fottrell
I told my family I boycott Chick-fil-A over its support of anti-LGBTQ causes — now they ‘like’ it on Facebook and go there for lunch ‘At best, the company’s stance is irrelevant to these particular siblings. At worst, these positions are a key reason for their support’‘At best, the company’s stance is irrelevant to these particular siblings. At worst, these positions are a key reason for their support.’
8:22 a.m. Today - By Rachel Koning Beals
The Biden-Sanders climate-change policy pact: 8 key features Former Secretary of State John Kerry and Rep. Alexandria Ocasio-Cortez were co-chairs of the climate-change task forcePresidential candidate Joe Biden has advanced environmental policy recommendations that most analysts find more ambitious than his stance in favor of curbing man-made climate change earlier in his campaign.
7:26 a.m. Today - By Tonya Garcia
Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them The Marlboro maker wants to move cigarette smokers to its heated tobacco products in the years aheadPhilip Morris is encouraging stakeholders to work with them to move smokers to cigarette alternatives at a time with cigarette consumption is declining.
7:20 a.m. Today - By Ciara Linnane
After his latest firing, this cannabis entrepreneur raised $150 million for a hemp venture — during a pandemic Bruce Linton says the global coronavirus crisis actually helped with fundraising After being fired from his last two jobs, Canadian entrepreneur Bruce Linton is back with a new venture and a new goal: to disrupt the industrial supply chain.
6:20 a.m. Today - By Tomi Kilgore
S&P 500 earnings set to plunge as the coronavirus batters all sectors — with Wall Street counting on a bounce that may not come Earnings are expected to improve, but by less than the stock market suggests — meanwhile, the November election loomsThe one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad, the worst in over 10 years.
4:45 a.m. Today - Associated Press
Goya Foods CEO praises Trump, and thousands online say #BoycottGoya “We all truly blessed...to have a leader like President Trump,” he said, and many called for a boycott of Goya’s products, citing Trump’s history of derogatory comments toward Hispanics“We all truly blessed...to have a leader like President Trump,” he said, and many called for a boycott of Goya’s products, citing Trump’s history of derogatory comments toward Hispanics.
3:08 p.m. July 10, 2020 - By Jeremy C. Owens
Netflix pulled off a showstopper early in the pandemic, but will the sequel deserve the price? Netflix in the age of COVID-19: After huge gains in the first quarter, more is expected of the streaming pioneer after a huge run-up in its stock Netflix in the age of COVID-19: After huge gains in the first quarter, more is expected of the streaming pioneer after a huge run-up in its stockThe runaway success of streaming services during the pandemic leads to the invariable entertainment-tinged question: What does Netflix do for an encore?
6:29 a.m. July 10, 2020 - By Jillian Berman
Class of 2020 graduate on leaving school in a COVID economy: 'I’m just going to get any job that I can to make use of myself'
2:30 a.m. July 10, 2020 - Barrons.com
China Opts for Stability and Cools Off Overheating Stocks Chinese stocks appeared headed for a bubble as the pandemic crisis waned. Instead, the government moved in quickly to restrain the speculative fevers. Is this a signal of a country eager for longer-term stability?
1:17 p.m. July 9, 2020 - By Wallace Witkowski
Global PC shipments surge as coronavirus fuels drive into Chromebooks Chromebooks account for 10% of units as PC shipments surge Global PC shipments rise in the second quarter driven by COVID-19 demand with Chromebooks accounting for a big boost but that demand’s not expected to remain the case going into next year, according to industry tracking firms.
11:11 a.m. July 9, 2020 - Associated Press
COVID-19 can spread in the air in certain circumstances, the WHO now acknowledges In a change to its previous thinking, WHO noted that studies evaluating COVID-19 outbreaks in restaurants, choir practices and fitness classes suggested the virus might have been spread in the airIn a change to its previous thinking, WHO noted that studies evaluating COVID-19 outbreaks in restaurants, choir practices and fitness classes suggested the virus might have been spread in the air
11:06 a.m. July 9, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 top 12 million, and WHO warns pandemic is ‘not under control’ ‘We have to shut down again and bring the U.S. back up slowly, in a measured way,’ says Michael OsterholmThe number of confirmed cases of the illness caused by the coronavirus rose above 12 million on Thursday, as the World Health Organization warned that the pandemic is still accelerating and most countries do not have it under control.
7:20 a.m. July 9, 2020 - Associated Press
World Health Organization creates independent panel to provide an ‘honest assessment’ of the world’s response to COVID-19 Former Liberian President Ellen Johnson Sirleaf and former New Zealand Prime Minister Helen Clark will head a new panel tasked with assessing the global response to the coronavirus pandemicFormer Liberian President Ellen Johnson Sirleaf and former New Zealand Prime Minister Helen Clark will head a new panel tasked with assessing the global response to the coronavirus pandemic.
4:22 a.m. July 9, 2020 - By Mike Murphy
Japanese amusement parks urge silence on roller coasters: ‘Please scream inside your heart’Fuji-Q Highland and other amusement parks in Japan, including Tokyo Disneyland, have banned screaming on rides.
2:54 a.m. July 9, 2020 - By Tomi Kilgore
Hexo's stock soars, after first medical cannabis sales outside of CanadaU.S.-listed shares of Hexo Corp. shot up 18% in premarket trading Thursday, after the Canada-based cannabis company said it will start selling medical cannabis in Israel, marking the first time its medical cannabis products will be available outside of Canada. The sales in Israel will be through a 24-month agreement with Israeli medical cannabis company Breath of Life International Ltd. The company said it completed the first shipment of 493 kilograms. Hexo's flower products will be available to patients in Israel packaged in a 10-gram format. "The products are already receiving positive feedback from both patients and retailers, and we are looking forward to continuing to expand our strategic relationship with HEXO in Israel," said Hugo Goldman, interim chief executive of Breath of Life. Hexo's stock has dropped 56.3% year to date through Wednesday, while the Cannabis ETF has lost 22.2% and the S&P 500 has slipped 1.9%.
4:55 p.m. July 8, 2020 - Associated Press
United Airlines warns 36,000 workers they could be furloughed this fall Latest indication that airline industry is still far from returning to normalUnited Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
3:59 p.m. July 8, 2020 - Associated Press
Eldorado’s $17.3 billion bid to buy Caesars Entertainment gets OK from Nevada regulators Massive deal still needs approval from Indiana, New Jersey regulatorsReno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Las Vegas-based Caesars Entertainment Corp. in a $17.3 billion deal creating a gambling giant owning or operating 55 properties in 16 U.S. states and several other countries.
12:43 p.m. July 8, 2020 - By Jurica Dujmovic
A great technology wave is cresting over America because of the pandemic — and it’s largely a good thing The use of artificial intelligence, robots, and remote learning and shopping will make industries more efficient and effectiveThe use of artificial intelligence, robots, and remote learning and shopping will make industries more efficient and effective.
11:45 a.m. July 8, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally edges over 3 million after record one-day count and Florida intensive-care units are filling up Brooks Brothers becomes the latest company to fall victim to the pandemic as it files for bankruptcy after more than 200 years in businessThe number of U.S. cases of COVID-19 edged above 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from contained.
11:33 a.m. July 8, 2020 - By Rachel Koning Beals
Kleenex and Huggies parent Kimberly-Clark aims to halve its environmental footprint within the next decade U.N. climate report says private business is still moving too slowly with sustainability effortsConsumer products giant Kimberly-Clark has updated its sustainability plan, now aiming to reduce its plastics, water and natural forests footprints 50% by 2030.
4:13 a.m. July 8, 2020 - By Tomi Kilgore
IBM to buy Brazil's WDG Automation to boost AI-infused capabilitiesInternational Business Machines Corp. announced Wednesday a deal to buy Brazil-based provider of robotic process automation software WDG Soluções Em Sistemas E Automação De Processos LTDA, referred to as WDG Automation, for an undisclosed sum. The acquisition is part of IBM's aim to advance its artificial intelligence-infused automation capabilities, which IBM believes is now more essential given uncertainties created by the COVID-19 pandemic. "IBM already automates how companies apply AI to business processes and IT operations so they can detect opportunities and problems and recommend next steps and solutions," said Denis Kennelly, general manager of cloud integration as IBM's cloud and cognitive software unit. "With today's announcement, IBM is taking that a step further and helping clients accelerate automation to more parts of the organization, not just to routine, but more complex tasks so employees can focus on higher value work." IBM's stock, which rose 0.2% in premarket trading, has slipped 1.4% over the past three months, while the Dow Jones Industrial Average has gained 10.5%.
1:05 a.m. July 8, 2020 - By Barbara Kollmeyer
Trump administration could try to undermine Hong Kong dollar peg: reportThe U.S. Trump administration may seek to retaliate against China for a controversial new security law by targeting some Hong Kong banks for supporting it, according to a report from Bloomberg News on Wednesday. The report said some advisors to President Donald Trump have discussed the possiblity of undermining the Hong Kong dollar peg, possibly by curtailing the amount of U.S. dollars Hong Kong banks can buy. The report sent shares of HSBC Holdings PLC 3.8% lower in European trading as that bank was named as a one potential target. HSBC was widely criticized after its top regional executive, Peter Wong, publicly offered support for the new law, though say he was pressured to do so as he's a member of a top political advisory body to Beijing.
12:09 p.m. July 7, 2020 - By Tonya Garcia
Skyrocketing of COVID-19 cases around the U.S. slows dine-in restaurant recovery There’s one restaurant category that continues to thrive, Bernstein data showSoaring cases of COVID-19 around the U.S. drove a week-over-week slowdown at casual-dining restaurants, according to data provided by Bernstein.
11:07 a.m. July 7, 2020 - By Ciara Linnane
Coronavirus update: U.S. COVID-19 cases climb above 2.9 million; ‘We’re still knee-deep in the first wave,’ Dr. Fauci warns Novavax stock rockets on news of $1.6 billion in funding from U.S. government’s accelerated vaccine program ‘Operation Warp Speed’The number of U.S. cases of the coronavirus illness COVID-19 climbed above 2.9 million on Tuesday, as Dr. Anthony Fauci warned Americans the country is “still knee deep in the first wave,” and reiterated his message to young people that they are not invulnerable.
10:57 a.m. July 7, 2020 - By Tonya Garcia
Philip Morris gets FDA approval to market its 'tobacco heating system' as a healthier alternative to smokingThe Food and Drug Administration (FDA) announced Tuesday that it has authorized Philip Morris International Inc. to market its IQOS tobacco heating system (THS) as a "modified risk" product. This designation allows the company to promote these items "as containing a reduced level of or presenting a reduced exposure to a substance or as being free of a substance when the issuance of the order is expected to benefit the health of the population," according to the FDA statement. Philip Morris describes these products as heating rather than burning tobacco, which a cigarette does. Burning tobacco, which reaches 600 degrees Celsius, "contains high levels of harmful chemicals," according to the company's website. The THS product heats tobacco to 350 degrees Celsius. "However, THS is not risk-free and delivers nicotine which is addictive," the site says. Philip Morris has turned its focus to the IQOS product, with Philip Morris' Chief Operating Officer Jacek Olczak saying at the Deutsche Bank dbAccess Global Consumer Conference last month that the company is committed to "working towards realizing [the] potential of this opportunity," according to a FactSet transcript. Philip Morris stock is down 14.4% for the year to date while the S&P 500 index has fallen 2.1% for the period.
9:30 a.m. July 7, 2020 - Barrons.com
Here Are a Few Sectors and Three Dozen Stocks for a Blue Wave Strategists in recent days have been gaming out market implications of a Democratic sweep in November’s elections, with sectors that stand to benefit including infrastructure and green technology.
2:14 a.m. July 7, 2020 - By Ciara Linnane
Novavax shares soar 38% premarket on news of $1.6 billion in funding for COVID-19 vaccine candidateNovavax Inc. said Tuesday it has received $1.6 billion in funding from the federal government's accelerated COVID-19 vaccine development program "Operation Warp Speed." The Gathersburg, Md.-based biotech said the funds will be used to complete late-stage clinical development of its vaccine candidate called NVX-CoV2373, including a Phase 3 trial, and to scale up manufacturing. The company is aiming to deliver 100 million doses of the vaccine, as early as late 2020. The trial will comprise up to 30,000 subjects and will start in the fall. A Phase 1/2 trial in 130 healthy participants was launched in Australia in May with initial immunogenicity and safety results expected to be available at the end of July. A Phase 2 trial is expected to start after that. The Phase 1/2 trial is being supported by up to $388 million in funding from international entity the Coalition for Epidemic Preparedness Innovations, or CEPI, an Oslo-based group. Novavax shares soared 38% premarket on the news. The stock has skyrocketed 1,895% in the year to date, while the S&P 500 has fallen 1.6%.
12:22 a.m. July 7, 2020 - By Lina Saigol
Huawei products could be banned from 5G networks in the U.K. as government considers policy U-turnBritish culture secretary says a decision to phase Huawei out of 5G networks could be made ‘within weeks.’
11:51 p.m. July 6, 2020 - Associated Press
TikTok says it will leave Hong Kong after recent passage of security law The company said in a statement that it had decided to halt operations “in light of recent events.”
4:57 p.m. July 6, 2020 - Associated Press
Facebook, Google, Twitter to block law enforcement requests on Hong Kong user data Policy shifts following China’s passage of new security lawSocial media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google and Twitter will deny law enforcement requests for user data in Hong Kong as they assess the effect of a new national security law enacted last week.
11:12 a.m. July 6, 2020 - By Tomi Kilgore
Coronavirus update: U.S. cases reach 2.9 million and death toll tops 130K, as 38 states see cases on the climb Goldman cuts U.S. economic growth outlook, Regeneron initiates late-stage trial of COVID-19 antibody treatment, Churchill Downs re-suspends operations at Miami casinoNew coronavirus cases continue to surge Monday, with the U.S. re-emerging as a global hot spot, while Wall Street continues to defy the dangers after President Donald Trump over the weekend played down the threat of COVID-19.
7:19 a.m. July 6, 2020 - Barrons.com
Royal Caribbean, Norwegian Enlist Health Experts to Shape Safety Protocols Royal Caribbean Cruises and Norwegian Cruise Line Holdings have enlisted a panel of experts to vet and beef up their safety and health protocols as they aim to reassure cruise-goers amid the Covid-19 pandemic.
2:00 a.m. July 6, 2020 - Barrons.com
SPACs Are Booming. These 21 May Be About to Announce Deals. Barron’s screened for SPACs that are less than six months from their deadlines (thus might be about to announce deals), and compared their market prices to their current estimated trust value per share.
12:34 p.m. July 5, 2020 - MarketWatch
EU has U.S. tech giants in its legal crosshairsBRUSSELS -- Big tech companies including Google parent Alphabet Inc., Amazon.com Inc. and Facebook Inc. face a swath of proposed European regulations aimed at curbing their alleged anticompetitive behavior, making them pay more taxes and compelling them to shoulder more responsibility for illegal content on their platforms, said a top European Union official.
12:24 p.m. July 5, 2020 - Associated Press
German finance minister calls for improving financial oversight after Wirecard scandal Changes would allow unannounced inspections, rotating auditorsGermany’s finance minister says he wants to revamp the oversight system for the country’s financial industry in the wake of the accounting scandal at payment systems provider Wirecard.
2:54 p.m. July 2, 2020 - Barrons.com
3 Regional Casino Stocks to Buy, Despite Covid-19 Concerns As Covid-19 cases rise around the country, investors betting on a casino resurgence may be pressing their luck. Still, there are some regional players worth buying, says Jefferies.
2:48 p.m. July 2, 2020 - Associated Press
Feds issue coronavirus safety guidelines for airlines, but no actual rules No government requirements for face masks or empty middle seatsFederal officials said Thursday that airlines should consider limiting capacity on planes to promote social distancing, but they are not considering making the airlines do it.
12:19 p.m. July 2, 2020 - By Virginia K. Smith
Mixed messages from Mayor Bill de Blasio and Gov. Andrew Cuomo on restarting NYC schools The mayor said that in-person classes will resume in September, but the governor’s office called the announcement ‘premature’Classes would require masks, regular deep cleanings, hand sanitizing stations, and staggered schedules.
2:38 p.m. July 1, 2020 - Associated Press
Global health experts criticize U.S. deal to hog supply of coronavirus drug U.S. makes deal with Gilead for 90% of remdesivir for next 3 monthsPublic health experts on Wednesday criticized the U.S. for securing a large supply of the only drug licensed so far to treat COVID-19.
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