The number of workers seeking and receiving unemployment benefits, to be released later today, will offer fresh insight into the labor market’s recovery after shedding millions of jobs owing to the pandemic.
The International Monetary Fund sharply lowered its forecast for global economic output this year to 4.9%. (WSJ)
Bayer reached a roughly $10.5 billion deal to settle tens of thousands of lawsuits in the U.S. over the company’s Roundup weedkiller. (WSJ)
Olympus is getting out of the camera business after 84 years to focus on medical devices. (WSJ)
Apple is temporarily closing seven stores around Houston amid concerns about rising coronavirus case counts. (WSJ)
Vitamin store GNC Holdings is filing for bankruptcy protection with plans to sell itself and close up to 1,200 stores. (WSJ)
Barnes & Noble Inc. said it has laid off a number of employees at its New York head office in a move to mitigate the economic impact of the pandemic. (WSJ)
Minnesota sued Exxon Mobil Corp., Koch Industries and a top oil-and-gas trade group, alleging they have for years deceived consumers about the effects of climate change. (WSJ)
Sugar prices are poised for their best quarter in four years, but traders say the rally may not last. (WSJ)
Asia-Pacific countries are trying to complete a regional free trade agreement by the end of the year. (Japan Times)
Spain is sending $4.2 billion in stimulus spending to the country’s automotive sector. (Automotive Logistics)
U.S. authorities are winding down the Project Airbridge emergency flights for medical supplies. (Supply Chain Dive)
Asian delivery startup Gojek joined rival Grab Holdings in laying off large numbers of staffers. (South China Morning Post)
A growing share of global liquefied natural gas output is going into floating storage. (TradeWinds)
Filipino shipping lines and shipbuilders are asking for $200 million in government stimulus aid. (Splash 247)
Commodities carrier Goodbulk secured a $200 million five-year loan to refinance debt among strong gains in the dry-bulk market. (Lloyd’s List)
Port City Logistics will spend $80 million to expand its operations at Georgia’s Port of Savannah. (Savannah Morning News)
A third of respondents in a Gartner supply chain survey say they have shifted some manufacturing and sourcing from China or plan to do so. (DC Velocity)
DHL Supply Chain, Microsoft and Blue Yonder will cooperate on what they call a “plug and play” robotics platform. (Logistics Management)
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