Wall Street Profits Soar During First Half of 2020 
 

Wall Street profits jumped 82% in the first half of this year, a rare bright spot for the city and state's pandemic-ravaged budgets.


 
Covid-19 Drug Remdesivir Fully Approved by FDA 
 

The U.S. Food and Drug Administration has granted a full final approval to Gilead Sciences Inc.'s remdesivir, making it the first Covid-19 treatment deemed safe and effective by the regulator, the company said Thursday.


 
Walmart Files Lawsuit Against DOJ in Opioid Case 
 

Walmart sued the federal government in an attempt to strike a pre-emptive blow against what it said is an impending opioid-related civil lawsuit from the Justice Department.


 
Pension Backers Focus Fresh Attention on Apollo Founder's Ties to Jeffrey Epstein 
 

Several pension backers of Apollo Global Management have expressed concern after a recent news report about financial ties between Leon Black, the firm's co-founder, and the late Jeffrey Epstein, who killed himself while awaiting trial on sex-trafficking charges.


 
Intel Hit as Consumers Flock to Lower-Cost Laptops, Datacenter Chips 
 

Chip giant Intel Corp. raised its full-year outlook even as earnings suffered as consumers gravitated to cheaper laptops and demand for datacenters softened.


 
Qantas 1Q Revenue Grounded by Slow Travel Recovery 
 

Delays in reopening domestic borders hit Qantas Airways's revenue in its fiscal first quarter, and the recovery in travel has been slower than expected, executives at Australia's biggest airline said.


 
Barbie Sales Take Off as Parents Try to Cut Down on Screen Time 
 

Mattel's flagship doll Barbie posted a 29% sales increase in the latest quarter, leading the toy company to 10% revenue growth in the period. It was the largest quarterly increase posted by Barbie in at least two decades.


 
California Loses Last-Ditch Effort to Force Exide to Deal With Toxic Legacy 
 

California taxpayers were left responsible for a contaminated plant outside Los Angeles after a judge turned down an emergency bid by state environmental regulators to block Exide Technologies from exiting bankruptcy.


 
Goldman Sachs Malaysia Subsidiary Pleads Guilty in 1MDB Case 
 

A unit of Goldman Sachs pleaded guilty to conspiring to violate U.S. antibribery laws, the first step in an expected resolution of a long-running investigation into its role in a Malaysian corruption scandal.


 
Boston Beer Results Helped Along By Alcoholic Seltzer, Tea Drinks 
 

Boston Beer Co. reported a higher profit, and sees higher shipments next year, amid increased demand for its boozy seltzer and tea drinks.

(END) Dow Jones Newswires

10-22-20 2115ET