The move comes after it found higher-than-acceptable levels of a contaminant in extended-release versions of a drug that controls high blood sugar in type-2 diabetes patients.
Manufacturing
A Pakistan International Airlines plane crashes in Karachi, Memorial Day weekend begins as restrictions ease, central Michigan is flooded as dams break and more from The Wall Street Journal’s photo editors.
Brazil’s truck market will shrink at least 30% this year from 2019 as demand slumps amid the coronavirus crisis, says the president of Mercedes-Benz do Brasil.
A small city in upstate New York has become the latest place to contend with the disposal of toxic “forever chemicals” that the U.S. military has been trying to destroy, as concerns grow that such chemicals contribute to air pollution.
Prices are staging a furious comeback from last month’s collapse, lifted by record supply cuts and a pickup in global fuel demand that many investors hope heralds a swift economic recovery.
Some fund managers think it is safer, and will prove more lucrative, to invest in refined-oil products or in Brent, a blend of crudes produced in the North Sea. The hottest trade right now: gasoline.
Demand for sanitizing service for retail stores is skyrocketing, causing a scramble for workers and expertise as retailers work to keep coronavirus at bay in stores with more deep cleaning, as well as make cleaning more visible to shoppers so they feel safe coming in.
Styrene gas, used for making plastic and rubber, leaked from a polymer plant owned by South Korean battery maker LG Chemical.
Exxon swung to a $610 million loss in the quarter as it took a “market-related” $2.9 billion charge. It reported $2.4 billion in profits during the same period last year.
Caterpillar, Harley-Davidson and 3M are among U.S. manufacturers idling production and reducing costs as the pandemic undercuts demand for their products.
BP said debt rose sharply and warned of falling production and a worsening outlook for refining margins, offering a first look at how the new coronavirus pandemic is straining the balance sheets of the world’s largest oil companies.
The German sports-gear maker said it expected the pandemic to hit sales and profit even harder in the second quarter than the first, painting a picture of a slow recovery for the hard-hit retail industry.
When natural gas became as cheap as coal in the U.S., it spawned an energy transformation that drove many companies out of business while generating opportunities for others. East Asia’s biggest economies are now going through the same upheaval.
A consortium of U.S. government agencies and technology companies is granting free supercomputing resources to research teams that aim to quickly find drugs to combat Covid-19 and forecast its spread.
Quantum computing startup Seeqc has raised more than $11 million in venture capital funding from investors including a subsidiary of German company Merck KGaA, which is interested in using the technology for materials science and pharmaceutical development.
More than 30 car manufacturers, chemical companies and others are moving toward creating their own private 5G networks, a move they say will improve cybersecurity.
As diagnostic testing continues to pick up speed in the U.S., shortages of some supplies and a backlog of samples have pushed hospitals, academic medical centers and labs to create their own patchwork solutions.
A key ingredient in hand sanitizers and medical disinfectants has become hard to obtain, triggering its price to surge to an all-time high.
U.S. health regulators ordered the popular heartburn drug and other ranitidine generics off the market, citing a potential public-health risk.
Hospitals and research groups are racing to roll out new ways to reuse face masks safely, an effort that could protect front-line workers grappling with shortages while also creating a potential path to reduce medical waste long term.