Pfizer reported better-than-expected second-quarter earnings and raised its outlook for 2020, despite a 32% drop in profit as demand fell for some of its drugs during the coronavirus pandemic.
The filing comes just days after the apparent collapse of talks between the company and the Navajo Nation, which reportedly was considering purchasing Remington's assets in a prepackaged bankruptcy that would have allowed the company to shed its liabilities.
Recent data from the National Federation of Independent Business finds the majority of members surveyed have now used their entire PPP loan, with the remaining 29% not far behind.
Dow futures fell Tuesday as a slew of Dow components report earnings, the Fed kicks off its meeting and lawmakers work to resolve Senate and House coronavirus relief bills.
The coronavirus pandemic brought the U.S. automotive industry to a standstill. Investors will see just how bad the damage is when all three Detroit carmakers report earnings this week.
"As you get up to age, like, 13 and higher, then you'll have to look at your locale to decide what you'll do with high schools," the billionaire philanthropist told CNBC.
"To ensure we have the needed capacity, we are engaging domestic centers for advanced manufacturing that HHS has helped build in recent years," HHS Secretary Alex Azar said in a statement.
"In the mid-'90s, 100,000 miles was about all you would get out of a vehicle. Now, at a 100,000 miles a vehicle is just getting broken in," said IHS Markit's Todd Campau.
"One of the amazing things here is, despite you know the horrific effects of the pandemic, we're seeing a usage case" change "for connectivity," Skyworks CEO Liam Griffin told Jim Cramer.