President Trump says he is no longer thinking about negotiating a 'Phase 2" trade deal with China. (WSJ)
In the last downturn, Chinese demand helped revive many economies. Economists say China likely won't come to the rescue this time. (WSJ)
An alliance of oil producers led by Saudi Arabia is pushing OPEC and its allies to increase production starting in August. (WSJ)
Electric-vehicle startup Rivian Automotive added $2.5 billion in funding that includes added backing from Amazon. (WSJ)
American Airlines has threatened to cancel some of its orders for Boeing’s troubled 737 MAX jets. (WSJ)
Manufacturers are cutting spending on large projects, but many are continuing with technology initiatives to keep up with changing consumer demands. (WSJ)
Hi-Crush Inc., a supplier of sand used in fracking, is in bankruptcy, as low crude prices and the disruption from the coronavirus pandemic roils the energy industry. (WSJ)
A new law making it easier for small businesses to file for bankruptcy may force suppliers to negotiate sooner with struggling companies. (WSJ)
Kitchen-supply retailer Sur La Table won court approval for a speedy bankruptcy process after receiving a buyout offer from Fortress Investment Group. (WSJ)
The U.S. unit of clothing and homeware retailer Muji filed for chapter 11 bankruptcy protection. (WSJ)
The head of Tanger Factory Outlet Centers is standing by a business model built on the idea that online shopping is overrated. (WSJ)
The number of oil and gas rigs in the U.S. is down 77% from a year ago after declining for 18 straight weeks. (Oil Price)
The U.S. and Kenya began talks toward a free trade agreement. (Associated Press)
Honda Motor is investing in Chinese electric vehicle battery maker Contemporary Amperex Technology. (Nikkei Asian Review)
Amazon is launching a fleet of bigger, boxy delivery vans like those favored by United Parcel Service and FedEx. (Reuters)
California shut down a factory producing clothing for American Apparel founder Dov Charney's new business after a large coronavirus outbreak. (Los Angeles Daily News)
Fast Retailing lost $91 million in its fiscal third quarter. (Sourcing Journal)
Real estate firm JLL expects U.S. industrial real estate demand to grow by 1 billion square feet by 2025. (Logistics Management)
Amazon expects to open a 1 million-square-foot distribution center outside Charlotte, N.C., by this year’s holiday season. (Winston-Salem Journal)
Demolition of container ships is growing even as scrap prices decline. (The Loadstar)
Keystone Shipping is idling several Great Lakes bulk carriers and laying off 94 workers because of pandemic-related business losses. (Minneapolis Star-Tribune)
Rail equipment supplier Wabtec is testing a battery-powered locomotive ahead of trial operations with BNSF Railway by the end of the year. (Railway Gazette)
Colombian trucking and logistics startup Liftit raised $22.5 million in a funding round backing the company's expansion in Latin America. (TechCrunch)
Logistics artificial intelligence startup Core.ai raised $4 million in a seed funding round. (DC Velocity)
Bicycles are in short supply around the world as commuters seek alternatives to public transport. (Financial Times)
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