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Nonprofits urge Johnson & Johnson to halt sales of Baby Powder globally

More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based Johnson’s Baby Powder world-wide, citing concerns that it contains cancer-causing asbestos, according to a statement from advocacy group Black Women for Wellness.

Markets

Potential COVID-19 vaccine not ‘single solution’ to pandemic, Johnson & Johnson CEO says

U.S. drugmaker Johnson & Johnson aims to begin clinical testing of its COVID-19 vaccine in the coming weeks and produce billions of doses in 2021, chief executive officer Alex Gorsky said on Wednesday, but cautioned that it will take more than one vaccine to rein in the virus.

Markets

Facebook suspends disinformation network tied to staff of Brazil’s Bolsonaro

Facebook Inc on Wednesday suspended a network of social media accounts it said were used to spread divisive political messages online by employees of Brazilian President Jair Bolsonaro and two of his sons.

Markets

Furloughs at legacy airlines could help low-cost carriers like Southwest

U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority.

Markets

Fed officials suggest US recovery may be stalling

Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.

Markets

Federal judge throws out GM’s racketeering lawsuit against Fiat Chrysler

A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations.

Markets

Nvidia eclipses Intel as most valuable US chipmaker

Nvidia has overtaken Intel for the first time as the most valuable U.S. chipmaker.

Markets

Facebook takes down accounts and pages of Trump ally Roger Stone

Facebook Inc on Wednesday removed 50 personal and professional pages connected to U.S. President Donald Trump's longtime adviser Roger Stone, who is due to report to prison next week.

Markets

Wirecard under criminal scrutiny by US authorities: WSJ

The U.S. Justice Department is examining whether German payment company Wirecard AG played a critical role in an alleged US$100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.

Markets

US office, apartment vacancy rates rise marginally in second quarter: Reis

U.S. office and apartment vacancy rates rose marginally in the second quarter from a year earlier, as property owners were yet to feel the full impact of the COVID-19 pandemic, according to real estate research firm Reis Inc.

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