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AMC Entertainment raises going concern doubts

AMC Entertainment Holdings Inc, the world's largest movie theater operator, said on Wednesday it has "substantial doubts" about its ability to keep running its business for a "reasonable period of time" due to the COVID-19 impact. (Reporting by Neha Malara in Bengaluru)

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Quest Diagnostics launches workforce testing for coronavirus

Quest Diagnostics Inc on Wednesday launched services to support large-scale testing for the new coronavirus, as companies look to bring employees back to offices safely. The company said it was scaling up its COVID-19 lab operations to accommodate expected demand. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli)

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Novavax buys Praha Vaccines for $167 mln to boost COVID-19 vaccine production

Drug developer Novavax Inc on Wednesday acquired Praha Vaccines, a unit of India's Cyrus Poonawalla Group, for about $167 million as it looks to boost capacity to produce its COVID-19 vaccine candidate. The acquisition includes a biologics manufacturing facility in Czech Republic, the company said, adding that the facility is expected to provide an annual capacity of over 1 billion doses of antigen starting in 2021 for its COVID-19 vaccine candidate, NVX-CoV2373. (Reporting by

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Uber India cuts 600 jobs amid coronavirus outbreak

Ride hailing company Uber Technologies Inc's Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus lockdown that has brought businesses to a grinding halt, Uber India President Pradeep Parameswaran said on Tuesday. (Reporting by Chandini Monnappa in Bengaluru; Editing by Vinay Dwivedi)

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Disney's Mayer to become TikTok CEO

Walt Disney Co said on Monday its top streaming executive, Kevin Mayer, will leave to become the Chief Executive Officer of Bytedance's popular video app TikTok. (Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila)

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AmEx says employees can work from home through 2020

American Express Co employees that are able to work from home should continue to do so for the rest of the year, Chief Executive Officer Steve Squeri said in a video message on LinkedIn as he spoke about a return-to-office plan. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Vinay Dwivedi)

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