8 Min Read
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Bumble founder and CEO Whitney Wolfe Herd gives an interview in the Manhattan borough of New York City, U.S., January 31, 2019. REUTERS/Caitlin Ochs
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SELF-MEDICATION. McKinsey is paying dearly for self-awareness. The consultants to the great and good are settling investigations over their role in America’s opioid epidemic for $573 million after advising the now infamous Purdue Pharma as painkiller-related addiction and death surged across the United States.
Jeff Bezos has some solid timing. The founder and chief executive of Amazon.com is handing over the CEO role to Andy Jassy, head of the cloud division AWS, after a fortuitously good year at the $1.7 trillion retail giant. The new boss will face a different, more challenging.
8 Min Read
NEW YORK/WASHINGTON/MELBOURNE/LONDON (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Logos of ExxonMobil are seen in its booth at Gastech, the world s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai
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BLACK TAR. Exxon Mobil boss Darren Woods made a rare appearance on the $190 billion oil giant’s earnings call on Tuesday. He artfully dodged questions about the company’s deals strategy following a Reuters report that said it had conversations with peer Chevron about merging. Woods said the company looks “at a lot of things in that whole space” and that it had been “active in that for quite some time.”
8 Min Read
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A newly constructed Target store is shown in San Diego, California, U.S. May 17, 2016. REUTERS/Mike Blake/File Photo
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STRAIGHT AND NARROW. U.S. retailer Target said on Wednesday that same-store sales during November and December rose 17% compared to the same two months in 2019. The pandemic helped a surge in online shopping, which more than doubled. The $550 million acquisition of Shipt three years ago, part of Target’s push into e-commerce, proved to be a gem of a deal. The service, which allows for same-day shipping, grew more than 300%.
Facebook has a pressing challenge: to deflect political fury. To that end, Chief Operating Officer Sheryl Sandberg has laid out the reasons why the social network is on the right side of history, in what amounts to a four-pronged defense. It’s not watertight, but it may.