General Motors Co. (GM) raised $4 billion from the sale of three senior notes, while announcing plans for a new $2 billion credit line, as the U.S. automaker struggles with the shutdown of production plants amid the coronavirus pandemic. Shares in GM surged …
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Month: May 2020
Southwest Scores $815M With Sale-Leaseback of 20 Boeing Planes
Southwest Airlines (LUV) has entered into sale-leaseback transactions for 10 of its Boeing (BA) 737-800 aircraft, as well as 10 of the companys Boeing 737 MAX 8 aircraft, a filing has revealed. From the transactions, Southwest expects to receive gross procee…
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Quidel’s Rapid Covid-19 Antigen Test Scores Emergency FDA Approval
Quidel (QDEL) has now received Emergency Use Authorization (EUA) from the US FDA for its Sofia 2 SARS Antigen FIA, a rapid point-of-care test for suspected COVID-19 infection. According to the FDA, this is a new category of tests that will now be available f…
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Apple to Reopen Some U.S. Stores Next Week
Apple Inc. (AAPL) will resume operations at its retail stores in the U.S after a two-month hiatus, commencing with locations in Idaho, South Carolina, Alabama, and Alaska, CNBC reported over the weekend. The stores, which have been shut since mid-March to he…
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Elon Musk and Grimes reveal how to pronounce baby’s name, X Æ A-12, but they disagree – CTV News
Elon Musk and Grimes have garnered plenty of attention since announcing the name of their newborn baby, but now it seems they can’t agree on how it should be pronounced. Speculation over the name X Æ A-12 has been a major topic of conversation since the coup…
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