Daimler AG said that its Mercedes-Benz brand had its best second-quarter car sales in China to date due to a recovery in demand. Quarterly car sales for the Mercedes-Benz brand in China rose 21.6% to 207,107 units, with a total of 346,067 in the first half of the year, the German premium car...

GlaxoSmithKline PLC said that it has formed a collaboration with Canadian biopharmaceutical company Medicago to develop a novel adjuvanted Covid-19 candidate vaccine. The pharmaceutical giant said that phase 1 clinical testing will start in the middle of July and that the companies hope to have...

The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil-fuel conduits. Duke Energy Corp. and Dominion Energy Inc. said they were abandoning the proposed $8 billion pipeline - which aimed to...

Germany’s second-largest lender CommerzbankAG said that its chief executive and chairman have submitted their resignations, as the bank faces pressure from shareholder Cerberus Capital Management for a deep overhaul due to persistent poor performance. “Even if we made strategic progress, the...

Tesla Inc. (TSLA) shares rose 8% to close at a record $1,208.66 on Thursday, on the heels of better-than-expected second-quarter sales for the electric-car maker. It was the stock's third consecutive all-time high and fourth straight session in the black. Earlier Thursday, the company said that...

Researchers said an experimental coronavirus vaccine from Pfizer Inc. and partner BioNTech SE showed promising signs of working in an early-stage study. Healthy adult volunteers given the vaccine candidate had higher levels of antibodies four weeks after being vaccinated and seven days after...

Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the reopening of the U.S. economy and recent upturn in spending and hiring came sooner than central bank officials had expected. He also said the resumption of commercial activity entailing more close human contact carries risks,...

Energy giant BP PLC has agreed to sell its petrochemicals business to British chemical company Ineos Ltd., in a $5 billion deal that will help reshape its business for the global transition to lower-carbon energy, BP said. The deal could help BP pare its relatively high debt load and separates...

U.S. air-safety regulators are set to begin key flight tests of Boeing Co.’s 737 MAX as early as Monday, amid growing expectations by industry and government officials that the planes are likely to return to service around the end of the year. The airborne checks, slated to be conducted in...

Deutsche Lufthansa AG's shareholders overwhelmingly approved a 9 billion euros bailout plan that will help the German airline weather the coronavirus crisis. During an extraordinary general meeting, "a total of 39% of the share capital was represented," Lufthansa said, adding that "of these, 98%...