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| U.S. services sector shrank for a second month |
6/5/2020 |
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The Institute for Supply Management said Wednesday that its service sector index stood at 45.4 last month, up slightly from an April reading of 41.8. Any reading below 50 signals that the service sector, where the majority of Americans work, is in contraction.
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| Wipes and masks plugged sewer systems |
6/5/2020 |
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U.S. Environmental Protection Agency — have issued pleas as wastewater plant operators report a surge of stopped-up pipes and damage to equipment.
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| 20,000 tons of diesel fuel spilled in Siberia |
6/5/2020 |
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he spill took place Friday at a power plant in an outlying section of the city of Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow. Booms were laid in the Ambarnaya River to block the fuel; the river feeds a lake from which springs another river that leads to the environmentally delicate Arctic Ocean.
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| April chip sales up y-o-y |
6/4/2020 |
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April semiconductor sales were down 1.2% on March at $34.4 billion but 6.2% up on the $32.4 billion of April 2019, says the SIA.
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| New data on remdesivir proven to relieve COVID-19 symptoms |
6/3/2020 |
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Remdesivir is the only treatment that’s been shown in a rigorous experiment to help fight the coronavirus. A large study led by the National Institutes of Health recently found it could shorten average recovery time from 15 days to 11 days in hospitalized patients with severe disease.
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| Virus could trim GDP by $15.7 Trillion |
6/3/2020 |
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new estimate said that over the 2020-2030 period, total GDP output could be $15.7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade.
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| Engineers made transistor to sustain 8,000 volts |
6/2/2020 |
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The transistor could lead to smaller and more efficient electronic systems that control and convert electric power -- a field of study known as power electronics -- in electric cars, locomotives and airplanes. In turn, this could help improve how far these vehicles can travel.
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| U.S. food prices jumped |
6/2/2020 |
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Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high as slaughterhouses struggle to maintain production levels while implementing procedures intended to keep workers healthy.
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| Manufacturing PMI improved slightly |
6/2/2020 |
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Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction.
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| Coronavirus pandemic has scraped plans to iimport Chinese-designed cars |
6/1/2020 |
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HAAH Automotive Holdings, based in Irvine, Calif., had reached agreements with two Chinese automakers — Zotye and Chery — to bring their vehicles across the Pacific. HAAH hoped to import Zotye vehicles into the U.S. beginning this year, but the company’s CEO told Automotive News that the outbreak hammered Zotye sales in its native China — and prompted the automaker to halt expansion plans until its finances are settled.
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| Google sued for unauthorized tracking of consumer locations |
6/1/2020 |
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The suit alleges Google violated the Arizona Consumer Fraud Act and it seeks to claw back profits from the tracking. “Every company has a responsibility to be truthful to consumers," Brnovich said. “You cant deceive them, you can't make misrepresentations.”
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| UPS raise dlivery rate to large e-commerce customers |
6/1/2020 |
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Amid a surge of demand for deliveries from e-commerce companies like Amazon, Walmart and Target, United Parcel Service is adding a new surcharge aimed at those high-volume shippers and those that ship oversized items.
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| Merck announced three new initiatives to combat COVID-19 |
6/1/2020 |
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First, Merck acquired Themis, a company that specializes in vaccines and immune-modulation therapies. Merck also partnered with nonprofit research organization IAVI to develop an investigational vaccine against SARS-CoV-2. Finally, Merck partnered with biotech company Ridgeback Biotherapeutics, which developed EIDD-2801, an oral antiviral candidate that could treat COVID-19 patients.
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| U.S. durable good order plunged 17% |
5/29/2020 |
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The Commerce Department said Thursday that orders for durable goods dropped 17.2% last month after falling 16.6% in March. Excluding orders for transportation equipment, which can be volatile from month to month, durable goods orders fell 7.4%.
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| Boeing cutting 12,000 jobs as it reopens Max production |
5/29/2020 |
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Boeing had said it would cut 10% of a workforce that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.
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