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Lilly halts trial of antibody drug Trump touted as cure over safety concern

Trump touted the Lilly drug, along with the antibody treatment from Regeneron Pharmaceuticals Inc that he received for his Covid-19, as tantamount to a cure in a video he posted last week

Hong Kong's foreign exchange intervention highest since 2009 crisis

The Hong Kong Monetary Authority (HKMA) sold HK$10.9 billion ($1.41 billion) in interventions in Hong Kong and US trading hours

Fewer movies in theaters? Big media turns focus to streaming video

Disney is facing pressure from activist investor Daniel Loeb, founder of hedge fund Third Point, to increase funding to Disney+ and the rest of its streaming businesses

Oil prices steady as rising coronavirus cases stokes demand concerns

Brent crude futures for December fell by 8 cents, or 0.2%, to $42.37 a barrel by 0142 GMT while US

Hyundai Motor Group heir apparent Euisun Chung appointed as chairman

Euisun Chung has played an increasingly visible leadership role since September 2018 when he was promoted to executive vice chairman

iPhone 12: With a bigger and cheaper line up, Apple joins the 5G race

The new products will test whether Apple can ride a wave of consumer excitement around 5G wireless data networks

J&J to contribute up to $5 billion to potential US opioid settlement

The New Brunswick, New Jersey-based drugmaker had agreed last October to a $4 billion settlement framework negotiated with a group of state attorneys general

Wall Street closes lower on vaccine delay, dampened stimulus hopes

While all three major stock indexes closed in the red, a gain Microsoft Corp shares helped the mitigate the tech-heavy Nasdaq's loss

Solar the 'new king' of power, will break records for decades to come: IEA

The combined share of solar photovoltaic (PV) and wind in global generation will rise to almost 30% in 2030 from 8% in 2019, it said, with solar PV capacity growing by an average 12% a year

EU wins right to impose tariffs on $4 bn of US goods in Boeing case

The WTO tariff award, which confirms a decision first reported on Sept 30, threatens to intensify transatlantic trade tensions just three weeks ahead of the US presidential election

JPMorgan beats profit estimates as markets revival drives trading boom

JPMorgan also benefited as it set aside less reserve provisions, compared with the first two quarters of the year

White House moves forward with drone and missile sales to Taiwan: Report

China considers Taiwan a wayward province that it has vowed to reunite with the mainland, by force if necessary

IMF sees less severe global contraction but trouble in emerging markets

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook

JPMorgan sticks with plan to build giant headquarters in New York

"We're building that headquarters for 50 years! It is not a short-term decision," Dimon said during a call with reporters after posting quarterly results

Russia approves trial of Covid-19 vaccine on group of over 60s: Report

The testing will be conducted alongside an ongoing late-stage trial, known as a Phase III, of the vaccine on 40,000 volunteers in Moscow

European Union should retaliate in Airbus-Boeing dispute: French govt

The ruling is the latest twist in a more than 15-year dispute that has already seen Washington put border duties on EU imports.

Pelosi rejects Trump's Covid-19 relief offer, fading hopes of quick deal

In a letter to colleagues, Pelosi laid out what Democrats view as the shortcomings of a $1.8 trillion White House stimulus proposal that has also met resistance from Republicans in the US Senate

Supreme Court nominee Barrett ducks questions on abortion, gay marriage

The Senate Judiciary Committee hearing also presented Barrett with a chance to respond to Democratic lawmakers who have been unified in opposing her

Prosecutors drop money-laundering probe against Deutsche Bank managers

The economic crimes unit at the Frankfurt Prosecutor's Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases

EU wins approval to target $4 billion US imports over Boeing subsidies

Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective plane makers, Boeing and Airbus