Global https://www.benzinga.com/views/taxonomy/term/17027 en Dutch e-Bike Startup VanMoof Attracts $13.5M In Funding, Plans International Expansion https://www.benzinga.com/news/earnings/20/05/16018580/dutch-e-bike-startup-vanmoof-attracts-13-5m-in-funding-plans-international-expansion <p>Amsterdam-based e-bike startup VanMoof on Tuesday <a href="https://www.vanmoof.com/news/en-US/188675-vanmoof-attracts-12-5m-investment-from-balderton-and-sinbon">announced</a> it had&nbsp;raised $13.5 million in a funding round from London-based venture fund Balderton Capital and its Taiwan-based assembly partner SINBON Electronics.</p> <p>The startup said it would use the funding to expand internationally and ramp up production to meet the increased demand for its bikes.</p> <p>VanMoof had previously raised $2.7 million in crowdfunding in June last year.</p> <p>The startup said the need for social distancing in the wake of novel coronavirus (COVID-19) pandemic had positively impacted ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16018580/dutch-e-bike-startup-vanmoof-attracts-13-5m-in-funding-plans-international-expansion alt=Dutch e-Bike Startup VanMoof Attracts $13.5M In Funding, Plans International Expansion>Full story available on Benzinga.com</a></p> Amsterdam CNBC Covid-19 e-bikes Earnings News Financing Global Media News Earnings Financing Global Media Benzinga Wed, 13 May 2020 09:46:14 +0000 Neer Varshney 16018580 at https://www.benzinga.com A Peek Into The Markets: US Stock Futures Up Ahead Of Fed's Powell Speech https://www.benzinga.com/news/earnings/20/05/16018930/a-peek-into-the-markets-us-stock-futures-up-ahead-of-feds-powell-speech <p><strong>Pre-open movers</strong></p> <p>U.S. stock futures traded rose in early pre-market trade, ahead of earnings from <strong>Cisco Systems, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) and <strong>Flowers Foods, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>). The Producer Price Index for April will be released at 8:30 a.m. ET. Federal Reserve Chairman Jerome Powell is set to speak at 9:00 a.m. ET.</p> <p>The U.S. is now the epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. Total COVID-19 cases in the U.S. exceeded 1,369,960 with around 82,380 deaths. Russia reported a total of at least 232,240 confirmed cases, while Spain confirmed over 228,030 cases.</p> <p>Futures for the Dow Jones Industrial Average climbed 70 points to 23,644 while the Standard &amp; Poor&rsquo;s 500 index futures traded rose 7 points ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16018930/a-peek-into-the-markets-us-stock-futures-up-ahead-of-feds-powell-speech alt=A Peek Into The Markets: US Stock Futures Up Ahead Of Fed&#039;s Powell Speech>Full story available on Benzinga.com</a></p> A Peek Into The Markets BGS CSCO Earnings EGHT FB FLO INFN News PFE Eurozone Futures Global Pre-Market Outlook Markets CSCO US17275R1023 EGHT US2829141009 INFN US45667G1031 BGS US05508R1068 FLO US3434981011 PFE US7170811035 FB News Earnings Eurozone Futures Global Pre-Market Outlook Markets Benzinga Wed, 13 May 2020 09:45:49 +0000 Lisa Levin 16018930 at https://www.benzinga.com Gilead Shares Drop As It Agrees To 'Royalty-Free' Coronavirus Drug Licence With Generic Drugmakers In 127 Countries https://www.benzinga.com/general/biotech/20/05/16018027/gilead-shares-drop-as-it-agrees-to-royalty-free-coronavirus-drug-licence-with-generic-drugmakers- <p><strong>Gilead Sciences, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gild#NASDAQ">GILD</a>) shares dropped on Tuesday as the company <a href="https://www.gilead.com/purpose/advancing-global-health/covid-19/voluntary-licensing-agreements-for-remdesivir">announced</a> it had&nbsp;signed a voluntary licensing agreement with five generic drugmakers to manufacture and supply its drug Remdesivir in 127 countries.</p> <h3>What Happened</h3> <p>The pharmaceutical company said it signed agreements with India-based Cipla Ltd., Hetero Labs Ltd., Jubilant Lifesciences, Pakistan-based Ferozsons Laboratories, and Netherlands-based Myla to manufacture the drug, which has been found useful for novel coronavirus (COVID-19) patients, for distribution in 127 countries.</p> <p>The list of countries posted by Gilead consists of a majority of low ...</p><p><a href=https://www.benzinga.com/general/biotech/20/05/16018027/gilead-shares-drop-as-it-agrees-to-royalty-free-coronavirus-drug-licence-with-generic-drugmakers- alt=Gilead Shares Drop As It Agrees To &#039;Royalty-Free&#039; Coronavirus Drug Licence With Generic Drugmakers In 127 Countries>Full story available on Benzinga.com</a></p> Biotech Covid-19 GILD News Vaccines World Health Organization Health Care Global General GILD US3755581036 News Biotech Health Care Global General Benzinga Wed, 13 May 2020 05:30:55 +0000 Neer Varshney 16018027 at https://www.benzinga.com "Stay at Home" Stocks Still Rule the Roost as Nvidia, Microsoft, Apple Start Week Firmly https://www.benzinga.com/news/earnings/20/05/16014775/stay-at-home-stocks-still-rule-the-roost-as-nvidia-microsoft-apple-start-week-firmly <p><strong>Key Takeaways</strong></p> <ul> <li>The early focus remains on reopenings, worries about new Asian virus cases</li> <li>Crude gets a lift from Saudi plan to cut production further</li> <li>Consumer prices dropped 0.8% in April, in line with analysts&rsquo; expectations</li> </ul> <p>(Tuesday Market Open) Without many directions from overseas markets or new developments, U.S. stocks look like they&rsquo;ll continue taking the path of least resistance Tuesday. Lately, that&rsquo;s been higher, and pre-market trading pointed to more gains.</p> <p>Fresh catalysts are hard to find, which means we could see things drift up as reopenings seem to be going fairly well. This morning&rsquo;s U.S. inflation data and testimony to Congress on COVID-19 from Dr. Anthony Fauci are the main agenda items. Consumer prices for April came in this morning at a negative 0.8%, in line with analysts&rsquo; expectations.</p> <p>It&rsquo;s kind of like deja vu all over again, as the pace of reopenings and worries about new cases in Asia dominate the news cycle today. Kind of similar to yesterday, when stocks ended up trading both sides of the ledger before closing mixed. Reopenings seem to be going fairly well so far, but it&rsquo;s obviously a small sample size. As long as that continues to be positive, it&rsquo;s possible investors will continue to buy stocks. However, if cases start to increase, look for signs of people selling.</p> <p>Crude prices jumped 5% this morning, possibly getting some assistance from Saudi Arabia and some neighboring countries saying they&rsquo;ll cut production even further. With crude now above $25 a barrel and the Cboe Volatility Index (VIX) rapidly moving below 30 so far this week, it looks like crude and VIX might catch each other. Who would have thought that a month ago when VIX was way above 50 and crude was heading down to ultimately below-zero on the day of the May contract closing.</p> <p>Monday&rsquo;s flat S&amp;P 500 (SPX) close felt kind of bittersweet. While the SPX did recover from losses at the open, the finish near 2930 came after a failure to hold session highs above 2940. The SPX continues to struggle with what might be technical resistance in the 2940&ndash;2950 region, and some analysts think a close above 2950 is needed to help squeeze some of the shorts and give the index a quick boost.</p> <p>It could be tough for the SPX to develop that kind of momentum if the Financial sector continues to lag and if the market can&rsquo;t find fresh positive catalysts. With earnings in a lull and data not really too exciting this week, maybe stocks could find themselves in a holding pattern. That looked like the case for many sectors on Monday, with one huge exception.</p> <h3>Couch Potatoes Ruling the Roost</h3> <p>Stuck at home? So is the stock market, and that&rsquo;s not necessarily a bad thing for investors who positioned themselves to ride this particular wave.</p> <p>The tide continued to roar Monday for so-called &ldquo;stay at home&rdquo; companies of all sorts, from cyber-security to semiconductors to gaming to big tech to data centers. This helped keep the <strong>Nasdaq</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) on top of the major indices as it continues to benefit from all the tech stocks that call it home.</p> <p>Some of the leaders Monday included <strong>Nvidia Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), <strong>Activision Blizzard Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>), Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), <strong>Zoom Video Communications Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>), and <strong>Netflix Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) as the COMP rose about 0.8% for its sixth-straight positive close. AAPL is getting back near its all-time highs, and NVDA posted a new all-time high Monday.</p> <p>Basically, if you can use it to work or get other things done from home, it was up to start the week. What&rsquo;s getting left behind again are the sectors that do better when people ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16014775/stay-at-home-stocks-still-rule-the-roost-as-nvidia-microsoft-apple-start-week-firmly alt=&quot;Stay at Home&quot; Stocks Still Rule the Roost as Nvidia, Microsoft, Apple Start Week Firmly>Full story available on Benzinga.com</a></p> AAPL Anthony Fauci Asian virus ATVI CAT CSCO DD Earnings JPM MDT MSFT NASDAQ Composite News NFLX NVDA QQQ Stay-at-home stocks SYK TGT volatility index WMT ZBH ZM Guidance Global Econ #s Economics Markets Tech AAPL US0378331005 ATVI US00507V1098 CSCO US17275R1023 MSFT US5949181045 NFLX US64110L1061 NVDA US67066G1040 CAT US1491231015 DD US2635341090 JPM US46625H1005 MDT US5850551061 SYK US8636671013 TGT US87612E1064 WMT US9311421039 QQQ US73935A1043 ZBH ZM News Earnings Guidance Global Econ #s Economics Markets Tech Benzinga Tue, 12 May 2020 20:11:22 +0000 JJ Kinahan 16014775 at https://www.benzinga.com COVID-19 And The Global Supply Chain https://www.benzinga.com/news/20/05/16013578/covid-19-and-the-global-supply-chain <p>Freightwaves Founder and CEO Craig Fuller discusses the impact of COVID-19 on ...</p><p><a href=https://www.benzinga.com/news/20/05/16013578/covid-19-and-the-global-supply-chain alt=COVID-19 And The Global Supply Chain>Full story available on Benzinga.com</a></p> bulk News shipping Supply Chain Tankers Tractor Trailer trucking Global Econ #s Markets Tech Interview Tue, 12 May 2020 18:53:08 +0000 FreightWaves 16013578 at https://www.benzinga.com Mid-Afternoon Market Update: Dow Falls 150 Points; Eventbrite Shares Tumble On Downbeat Q1 Results https://www.benzinga.com/news/earnings/20/05/16014220/mid-afternoon-market-update-dow-falls-150-points-eventbrite-shares-tumble-on-downbeat-q1-results <p>Toward the end of trading Tuesday, the Dow traded down 0.62% to 24070 while the NASDAQ slipped 0.21% to 9,173. The S&amp;P also fell, dropping 0.66% to 2,911.</p> <p>The U.S. is the new epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. U.S. reported a total of 1,347,930 coronavirus cases with around 80,680 deaths. Spain confirmed a total of over 227,430 coronavirus cases with 26,740 deaths, while Russia reported a total of at least 232,240 confirmed cases and 2,115 deaths. In total, there were at least 4,194,320 cases of COVID-19 worldwide with over 286,610 deaths, according to data compiled by Johns Hopkins University.</p> <p><strong>Leading and Lagging Sectors</strong></p> <p>Health care shares climbed by 0.1% on Tuesday. Meanwhile, top gainers in the sector included <strong> CymaBay Therapeutics, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbay#NASDAQ">CBAY</a>), up 140%, and <strong> Novavax, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvax#NASDAQ">NVAX</a>), up 80%.</p> <p>In trading on Tuesday, real estate shares fell 3.5%.</p> <p><strong>Top Headline</strong></p> <p><strong>Ingersoll Rand Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ir#NYSE">IR</a>) reported weaker-than-expected earnings for its first quarter on Tuesday.</p> <p>Ingersoll Rand posted quarterly adjusted earnings of $0.25 per share, missing analysts&rsquo; estimates of $0.27 per ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16014220/mid-afternoon-market-update-dow-falls-150-points-eventbrite-shares-tumble-on-downbeat-q1-results alt=Mid-Afternoon Market Update: Dow Falls 150 Points; Eventbrite Shares Tumble On Downbeat Q1 Results>Full story available on Benzinga.com</a></p> ADES CBAY Earnings EB GNFT HSDT IR Mid-Afternoon Market Update News NVAX Penny Stocks Eurozone Commodities Global Intraday Update Markets ADES US0052081033 NVAX US6700021040 IR IE00B6330302 CBAY HSDT EB GNFT News Earnings Penny Stocks Eurozone Commodities Global Intraday Update Markets Benzinga Tue, 12 May 2020 18:35:12 +0000 Lisa Levin 16014220 at https://www.benzinga.com WHAT THE TRUCK?: Day 3 From FreightWaves LIVE @HOME https://www.benzinga.com/news/20/05/16011283/what-the-truck-day-3-from-freightwaves-live-home <p>In this episode, Dooner and The Dude broadcast live from the set of FreightWaves LIVE @HOME and focus on technology, ...</p><p><a href=https://www.benzinga.com/news/20/05/16011283/what-the-truck-day-3-from-freightwaves-live-home alt=WHAT THE TRUCK?: Day 3 From FreightWaves LIVE @HOME>Full story available on Benzinga.com</a></p> Banyan Chris Henry David Bell Derrick Dunker Dooner Lance Healey News Stephen Bindbeudel The Dude TriumphPay Truckstop.com Global Markets Tech Media General Tue, 12 May 2020 17:51:13 +0000 FreightWaves 16011283 at https://www.benzinga.com Mid-Day Market Update: Crude Oil Rises Over 7%; Genfit Shares Plummet https://www.benzinga.com/news/earnings/20/05/16013264/mid-day-market-update-crude-oil-rises-over-7-genfit-shares-plummet <p>Midway through trading Tuesday, the Dow traded up 0.08% to 24241.25 while the NASDAQ rose 0.34% to 9,223.84. However, the S&amp;P 500 fell 0.07% to 2,928.41.</p> <p>The U.S. is the new epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. U.S. reported a total of 1,347,930 coronavirus cases with around 80,680 deaths. Spain confirmed a total of over 227,430 coronavirus cases with 26,740 deaths, while Russia reported a total of at least 232,240 confirmed cases and 2,115 deaths. In total, there were at least 4,194,320 cases of COVID-19 worldwide with over 286,610 deaths, according to data compiled by Johns Hopkins University.</p> <p><strong>Leading and Lagging Sectors</strong></p> <p>Materials shares climbed by 0.7% on Tuesday. Meanwhile, top gainers in the sector included <strong> Vedanta Limited </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vedl#NYSE">VEDL</a>), up 25%, and <strong> Quaker Chemical Corporation </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kwr#NYSE">KWR</a>), up 13%.</p> <p>In trading on Tuesday, real estate shares fell 3.8%.</p> <p><strong>Top Headline</strong></p> <p><strong>Ingersoll Rand Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ir#NYSE">IR</a>) reported weaker-than-expected earnings for its first quarter on Tuesday.</p> <p>Ingersoll Rand posted quarterly adjusted earnings of $0.25 per share, missing analysts&rsquo; estimates of $0.27 per share. The company&rsquo;s adjusted sales came in at ...</p><p><a href=https://www.benzinga.com/news/earnings/20/05/16013264/mid-day-market-update-crude-oil-rises-over-7-genfit-shares-plummet alt=Mid-Day Market Update: Crude Oil Rises Over 7%; Genfit Shares Plummet>Full story available on Benzinga.com</a></p> ADES CBAY Earnings EB GNFT HSDT IR KWR Mid-Day Market Update News NVAX Penny Stocks VEDL Eurozone Commodities Global Intraday Update Markets ADES US0052081033 NVAX US6700021040 IR IE00B6330302 KWR US7473161070 CBAY VEDL HSDT EB GNFT News Earnings Penny Stocks Eurozone Commodities Global Intraday Update Markets Benzinga Tue, 12 May 2020 16:39:11 +0000 Lisa Levin 16013264 at https://www.benzinga.com CTA Makes Case For Keeping Injunction Against AB5 In California https://www.benzinga.com/news/20/05/16008859/cta-makes-case-for-keeping-injunction-against-ab5-in-california <p>The imposition of AB5 against truck drivers in California has been blocked by court action since the start of this year when it was to go into effect, and the California Trucking Association has spelled out its case to an appeals court on why that should continue.</p> <p>The CTA, in a recent filing with the Court of Appeals for the 9th Circuit of the Federal District Court, does not lay out any significantly new arguments about why it believes — and lower courts have affirmed — that an earlier federal law preempts AB5.</p> <p>But with the earlier temporary restraining order and preliminary injunctions stopping AB5 right before it was to be implemented on Jan. 1, the slower pace of the appellate process gives attorneys for the CTA more time to make their arguments.</p> <p>The appeal against the earlier injunctions was brought by the office of the California attorney general, the original defendant sued by the CTA. The International Brotherhood of Teamsters joined the suit with the state later.</p> <p>AB5 is a law passed by the California legislature last year and signed by Gov. Gavin Newsom to restrict the use of independent contractors for a variety of occupations. While it was seen as targeting Lyft and Uber (and the state has recently launched AB5-related litigation against those companies), the trucking industry interpreted it to mean the use of independent owner-operators would be severely restricted. The second part of AB5, the so-called B prong, was described in the CTA appeal filing as meaning "a hiring entity may ...</p><p><a href=https://www.benzinga.com/news/20/05/16008859/cta-makes-case-for-keeping-injunction-against-ab5-in-california alt=CTA Makes Case For Keeping Injunction Against AB5 In California>Full story available on Benzinga.com</a></p> AB5 California Court Of Appeals CTA News Global Tech Tue, 12 May 2020 16:17:38 +0000 FreightWaves 16008859 at https://www.benzinga.com Radiant Logistics Slows Pipeline For Acquisitions https://www.benzinga.com/news/20/05/16008525/radiant-logistics-slows-pipeline-for-acquisitions <p><strong>Radiant Logistics Inc</strong> (NYSE: RGLT), the acquisitive West Coast company, is dialing back its merger and acquisition efforts.</p> <p>Regarding the company&#039;s third-quarter earnings — its fiscal year begins July 1 — Bohn Crain, Founder, and CEO said in a release that Radiant came into the quarter with a plan to make "a series of smaller strategic tuck-in acquisitions … while bullishly looking for growth opportunities in which we could add value."</p> <p>But Radiant has needed to pivot given the onset of the pandemic. As a result of COVID-19, Bohn said in his note, "we have tabled any acquisition opportunities" and suspended stock buybacks.</p> <p>The changes at the company go further than that. Crain&#039;s detailed statement said Radiant has taken other steps to cut operating costs. Late in the quarter, Radiant "initiated a series of what we hope will be temporary workforce reductions to mitigate our declining gross margins until our business recovers."</p> <p>Crain&#039;s salary was cut by 50%. The company&#039;s proxy reported his base salary for the past two years at $325,000. Other compensation took his total pay package in 2019 up to about $1.65 million.</p> <p>Bohn said he and other ...</p><p><a href=https://www.benzinga.com/news/20/05/16008525/radiant-logistics-slows-pipeline-for-acquisitions alt=Radiant Logistics Slows Pipeline For Acquisitions>Full story available on Benzinga.com</a></p> acquisition bulk News Radian Logistics shippers Tankers trucking Global Econ #s Tue, 12 May 2020 16:02:42 +0000 FreightWaves 16008525 at https://www.benzinga.com Capesize Shipping Rates Plummet 21% https://www.benzinga.com/news/20/05/16008527/capesize-shipping-rates-plummet-21 <p>The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, industrial production was set to increase; if it went down, vice versa.</p> <p>The BDI lost its luster as a macro bellwether during the decade after the financial crisis, as the index became overwhelmingly driven by shipping oversupply, not cargo demand.</p> <p>Is it time once again to view the BDI as a signal of global industrial demand? If so, it&#039;s looking scary.</p> <h3>Capesize Rates Crash</h3> <p><a href="https://www.freightwaves.com/news/will-dry-bulk-remain-the-wile-e-coyote-of-ocean-shipping">There was a glimmer of hope for dry bulk in April. After an epically terrible first quarter, rates took an upward turn.</a> They&#039;ve now headed sharply back down yet again.</p> <p>The BDI fell 8% on Monday, to 474 points. This marks a 37% plunge since April 20. The all-time low, 291 points, was in February 2016. <a href="https://www.freightwaves.com/news/crossroads-for-dry-bulk-shipping-recovery-or-disaster">A more recent low of 411 was hit on Feb. 10, driven by iron ore export woes in Brazil.</a></p> <p>Rates for Capesizes (bulkers with a capacity of around 180,000 deadweight tons or DWT) collapsed on Monday, falling 21% in a single trading session, to $3,842 per day, according to the Baltic Exchange&#039;s 5TC index of time-charter equivalent (TCE) rates. The May-June Capesize futures contract fell 12%, to $5,200 per day.</p> <p>The Capesize third-quarter futures contract closed down 4% to $9,700 per day. That contract was ...</p><p><a href=https://www.benzinga.com/news/20/05/16008527/capesize-shipping-rates-plummet-21 alt=Capesize Shipping Rates Plummet 21%>Full story available on Benzinga.com</a></p> Baltic Dry Index BDI Capesize dry bulk EGLE GNK News SALT STNG Tankers Travel Global Economics Markets General Tue, 12 May 2020 15:55:30 +0000 FreightWaves 16008527 at https://www.benzinga.com Is Meat The New Toilet Paper? https://www.benzinga.com/news/20/05/16005970/is-meat-the-new-toilet-paper <p>On today&#039;s episode, Dooner and The Dude talked about meat shortages causing supermarkets to institute rationing, trucking loses 88,000 jobs, and will tightening in reefer markets rub off on dry van?</p> <p><iframe height="360" src="https://player.vimeo.com/video/417301148?autoplay=1&amp;title=0&amp;byline=0&amp;portrait=0&amp;muted=1" width="640"></iframe></p> <p>They&#039;re joined by Trey Griggs, Global Director of ...</p><p><a href=https://www.benzinga.com/news/20/05/16005970/is-meat-the-new-toilet-paper alt=Is Meat The New Toilet Paper?>Full story available on Benzinga.com</a></p> China Trade China Trade Deal News SONAR Trump Tariffs Global Econ #s Economics Markets Tue, 12 May 2020 15:49:09 +0000 FreightWaves 16005970 at https://www.benzinga.com Luckin Coffee's CEO Is Out Due To Fabricated Transactions https://www.benzinga.com/news/20/05/16012056/luckin-coffees-ceo-is-out-due-to-fabricated-transactions <p><strong>Luckin Coffee</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lk#NASDAQ">LK</a>) board has terminated Jenny Zhiya Qian and Jian Liu from the positions of the CEO and the COO, respectively.</p> <p>The termination&nbsp;of the two positions are related to <a href="https://www.benzinga.com/news/20/04/15727847/luckin-coffee-crashes-after-company-admits-coo-fabricated-transactions">fabricated transactions</a> disclosed April 2. The changes to Luckin&#39;s&nbsp;board ...</p><p><a href=https://www.benzinga.com/news/20/05/16012056/luckin-coffees-ceo-is-out-due-to-fabricated-transactions alt=Luckin Coffee&#039;s CEO Is Out Due To Fabricated Transactions>Full story available on Benzinga.com</a></p> China coffee LK News Restaurants Management Global General LK News Restaurants Management Global General Benzinga Tue, 12 May 2020 15:49:03 +0000 Tanzeel Akhtar 16012056 at https://www.benzinga.com Breaking: Severe Storms Threaten Plains Mid-Week https://www.benzinga.com/news/20/05/16012090/breaking-severe-storms-threaten-plains-mid-week <p>Another round of severe thunderstorms will likely slam parts of the nation&#039;s heartland Wednesday, from Texas to Nebraska. Though this isn&#039;t unusual for mid-May, it could cause minor delays in freight flow across the region.</p> <p><img alt="" src="https://lh5.googleusercontent.com/ViOypnBwS10CAqAOQM9zDYo-MiunO5mY1cX4Gsv2lZzbnsfYGkkFVUqJRkgJfKuy4Ryh8QvIJFCreF3HJ5lv-szP7xWuJOj9A_qEl4i3Mwp1nk76ekIDWW9j6ZcYTgywnd7Wu_sV" /></p> <p><a href="https://qa.sonar.surf/admin/sharepage/631663b2-d280-4a78-aa04-401e375d9b0c/"><strong><em>SONAR Critical Events and radar: Tuesday, May 12, 9 a.m. EDT</em></strong></a></p> <p>A warm front in northern Texas will move northward into the middle Mississippi Valley by Wednesday evening. This will result in a significant air mass change, with southerly winds leading to increasing warmth and humidity. In addition, impulses of energy in the upper atmosphere will help trigger thunderstorms that could turn severe in many spots Wednesday from late afternoon into the nighttime in ...</p><p><a href=https://www.benzinga.com/news/20/05/16012090/breaking-severe-storms-threaten-plains-mid-week alt=Breaking: Severe Storms Threaten Plains Mid-Week>Full story available on Benzinga.com</a></p> Flash Flood National Weather Service News Outbound Tender Market Share SONAR Volume Index Global Econ #s Markets Tech Tue, 12 May 2020 15:43:30 +0000 FreightWaves 16012090 at https://www.benzinga.com Delta Air Lines Hones In On Global Cargo Service https://www.benzinga.com/markets/binary-options/20/05/16012089/delta-air-lines-hones-in-on-global-cargo-service <p><strong>Delta Air Lines </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) said it will increase its passenger freighter flights from Seoul, South Korea, to Atlanta and Los Angeles to daily service beginning May 13 in response to continued growth in demand to transport medical supplies and other products from Asia to the U.S.</p> <p>In March, passenger airlines began repurposing some of their aircraft for dedicated cargo operations after travel demand fell off a cliff due to coronavirus travel restrictions. Consequently, shippers were left with a  shortage of available capacity because of the subsequent groundings. Delta was one of the first airlines to establish scheduled cargo routes, in addition to offering charter flights. </p> <p><a href="https://www.freightwaves.com/news/delta-doubles-asia-cargo-only-flights-adds-atlanta-gateway">Delta last month began so-called "ghost flights" </a>– no ...</p><p><a href=https://www.benzinga.com/markets/binary-options/20/05/16012089/delta-air-lines-hones-in-on-global-cargo-service alt=Delta Air Lines Hones In On Global Cargo Service>Full story available on Benzinga.com</a></p> BA Binary Options Boeing Coronavirus Covid-19 DAL Delta Airlines Detroit EADSY Incheon News Shanghai Global Markets Tech Tue, 12 May 2020 15:39:18 +0000 FreightWaves 16012089 at https://www.benzinga.com