Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V) are two of the largest card and electronic payment companies worldwide. The two companies power billions of transactions globally every year. COVID-19 has led to a drop in card transactions The COVID-19 pandemic that has crippled economies around the world has led to a...
Aleafia Health Inc. (OTCMKTS:ALEAF) announced the approval of its wholly-owned subsidiary, Canabo Medical Inc., by Janssen Pharmaceuticals Inc. for administering and prescribing the SPRAVATO® antidepressant nasal spray. The spray employs the latest mechanism of action in treating treatment-resistant depression disorder. Aleafia’s Canabo clinics to administer SPRAVATO® So far, three Canabo clinics...
The Coca-Cola Company (NYSE:KO) is expanding the Topo Chico brand by adding a hard-seltzer drink to its portfolio.  Coke plans to debut the alcoholic version of the popular sparkling mineral water in Latin America later this year. Coca-Cola to debut alcoholic drink under Topo Chico brand Topo Chico Mineral water...
Ford Motor Co (NYSE:F) CFO Tim Stone remains focused on the strategies he had last year when he took the position of being customer-centric, enhancing free cash flow, and improving the automaker's performance. Ford tops Q2 2020 revenue estimates Despite the impacts of the COVID-19 pandemic that led to halting...
American Airlines Group Inc (NASDAQ:AAL) reported a $2.1 billion loss in Q2 2020 compared to $662 million profit in Q2 2019. Without considering the aid provided by the government, its losses in the quarter are $3.4 billion. Cancellation at 80% The rising cases of coronavirus are forcing passengers to cancel their...
Kinder Morgan Inc (NYSE:KMI) reported a drop of 13.7% to $1.568 billion in revenues in Q2 2020 because of a slump in demand for energy. It has seen a dip in revenues across its business segments like natural gas pipelines (down by 5.13% to $1.016 billion), carbon dioxide (declined...
Tesla Inc (NASDAQ:TSLA) filed a lawsuit against its potential rival Rivian, accusing later of poaching employees and later using some of them to steal trade secrets. According to the lawsuit, Rivians hired dozens of former employees of Tesla, some of whom went confidential organizational, manufacturing, and recruiting information. These...
DraftKings (NASDAQ:DKNG) has partnered with the Premier Lacrosse League after launching its Casino product collection in collaboration with Hollywood Casino in Virginia. Draftkings Partners with PLL on 2020 Summer Tournament As part of the partnership with Premier Lacrosse League, DraftKings is now the designated Official Sports Betting Partner of the PLL...
Macy’s Inc. (NYSE:M) gave out around $9 million in restricted stock to its top executives just days after the company laid off almost 25% of its corporate employees. Macy's executives awarded restricted stock According to SEC filings, the CEO of the struggling departmental store chain, Jeff Gennette, was given restricted...
The California Department of Forest and Fire Protection clarified that Pacific Gas & Electric Corp’s (NYSE:PCG) power transmission lines were responsible for sparking a wildfire in Sonoma County wine country in 2019. The fire destroyed several homes and property, leading to over 100,000 people to flee. PG&E lines caused Sanoma...