Gilead’s potential coronavirus treatment stirs investor hopes but evidence on effectiveness is mixed

Nation’s pharma industry has matured but is still a lot better at incremental innovation than major breakthroughs

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk

If lenders maintain support, the company’s balance sheet may not need an urgent fix

Finding love in a time of corona is tricky, converting activity into paid accounts is harder yet

Epidemiologist Anders Tegnell says other countries could face big ‘second wave’

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis

European aerospace group confirms it will slash output of popular A320 single-aisle jet

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence

Airline calls shareholder vote on directors in latest escalation of dispute

Paper released by UK regulators homes in on tactic known as latency arbitrage

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher

MEMX is hoping to disrupt the US equities market when it launches in July

UK interdealer broker forecasts low single-digit revenue growth for the year

Dutch bank was forced to close out positions at substantial loss

Shares in brokerage firm drop overnight after it discloses payments to clearing houses

Business being bought from Blackstone-led consortium has lost ground to Bloomberg

Watchmakers press on with new releases, despite the coronavirus

Tweaked timepieces popular with public but some original makers cry foul

Adam Neumann transformed shared offices but failed to charm stock market investors

LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers

The video app loved by teenagers is powered by artificial intelligence and protectionism

Downfall of carmaker’s former boss sets up clash between country’s old guard and its reformists

The after-effects of triumphant bets on Chinese companies should spur more gains for sceptics

Companies suffer steep share-price falls while Luckin implosion highlights risks

Sell-off dents investment holdings despite uptick in operating profit

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs

Price of key steelmaking ingredient has held up, despite big drop in economic activity

Departure comes just weeks after Moody’s cut miner’s rating to junk

Prices rebound from March lows after miner Kazatomprom slashes production

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project

Anglo-Australian mining group benefits from resilient iron ore price

Country’s production this year expected to top 2019 if coronavirus kept at bay

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday

UK airport reports slump in passenger demand as calls resurface for expansion to be axed

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

Producers’ realised prices are lower than they appear, while traders are braced for more turmoil

US oil producer pledges to reduce output by more than a third in June

Biggest US oil company takes $2.9bn charge to account for crude’s plunge

China looks set to pour billions in national savings down a black hole

Tie-up aims to allow people with mobile wallets to pay for international online services

Neal Froneman highlights ‘lowest payback period’ after £285m purchase

World’s second-largest diamond miner cites disruption along the supply chain

Country becomes first in world to halt all stock, bond and currency trading