For Roche, Demand for Coronavirus Products Offsets Disruption Elsewhere 
 

Demand for coronavirus testing and a potential treatment for patients with severe Covid-19 buoyed Roche in the first quarter, even as the pandemic hit health-care provision in other disease areas.

 
Amazon's French Shutdown Extended 
 

Amazon.com will keep its French warehouses closed through Saturday pending a court decision on its appeal of a previous verdict restricting its activities in the country amid the coronavirus pandemic.

 
Facebook Takes $5.7 Billion Stake in India's Jio Platforms 
 

Facebook said it would pay $5.7 billion for just under 10% of Indian telecom operator Jio Platforms, a massive expansion of the social media giant's commitment to a promising market where it has faced difficulties.

 
Negative Oil Prices Pose Headache for Futures Giant CME 
 

Negative oil prices threaten to tarnish the image of West Texas Intermediate, the U.S. crude benchmark, and hurt the company that has long relied on it as a key source of revenue: exchange giant CME Group.

 
Netflix Adds 16 Million New Subscribers 
 

Netflix beat its forecast for subscriber growth in the first quarter as consumers in many countries stayed at home due to the coronavirus pandemic and hunted for ways to entertain themselves.

 
Ericsson Backs Financial Targets 
 

Ericsson cautioned its second half would take a modest hit from the coronavirus pandemic but reaffirmed its financial targets through 2022, despite the current economic uncertainty.

 
UniCredit to Book Additional Writedowns 
 

UniCredit said it will book an additional EUR900 million in loan loss provisions in the first quarter to reflect the economic impact from the coronavirus pandemic.

 
Expedia Nears Deal to Sell Stake to Silver Lake and Apollo 
 

Expedia Group is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management after widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company's business.

 
Shell Delays $1 Billion North Sea Development 
 

Royal Dutch Shell has postponed its Jackdaw natural-gas field development in the North Sea, as energy companies slash spending in response to plummeting prices.

 
Richard Branson Fights to Save Travel, Tourism Empire 
 

His Virgin Group is at epicenter of the meltdown in those industries. Virgin Australia has filed for bankruptcy.

(END) Dow Jones Newswires

April 22, 2020 07:00 ET (11:00 GMT)