14-18 minutes Source: NYT
A bailout strikeout for buyoutsPrivate equity firms have gone hat in hand to lawmakers to argue that their portfolio companies should get coronavirus assistance alongside Main Street companies. They’ve come up short in at least one big way, The Times’s Kate Kelly and Peter Eavis found.
Wishful thinking on earningsIt has been a somber earnings season, to say the least. A majority of big companies have now reported quarterly results and fielded questions from investors about what their future holds.
Disney is in for a rough rideGiving your first big presentation in a new job is never easy. Bob Chapek’s first earnings report as Disney’s C.E.O. was particularly rough.
How Wall Street volunteers fumbled the medical supply huntFrom his office in the White House, Jared Kushner bypassed veteran government relief officials and relied on a dozen young volunteers from professional service firms to obtain protective equipment. It didn’t go well.
Big Boss is watching youThe pandemic era is changing work in a lot of ways — including how often employers can check on their staff working at home.
The speed readDeals
• U.S. antitrust regulators approved AbbVie’s $63 billion takeover of its fellow drug maker Allergan. (Reuters)
• The White House wants new tax cuts in future coronavirus aid packages, but lawmakers in both parties are reluctant. (NYT, WaPo)
• Airbnb will lay off a quarter of its workers and cut investments in nonessential operations. (WSJ)