GRUB GrubHub Inc

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 14, 2020).

U.S. stocks fell after Fed chief Powell said further stimulus could be needed to support the economy's recovery from the coronavirus-induced contraction, with the Dow losing 2.2%.

New tax breaks expected to total about $650 billion are starting to flow to U.S. businesses, giving them quick cash and longer-term help to ride out the downturn.

A monthly survey by The Wall Street Journal found that economists expect the U.S. unemployment rate to hit 17% in June.

Uber and Grubhub are discussing a takeover valuing Grubhub at roughly $6 billion, with big cost savings that would help pay for the deal.

BlackRock, State Street and some other large money managers asking exchanges to enforce a narrower definition of exchange-traded funds.

Plant-based food makers are racing to fill in for missing cuts in supermarkets after the pandemic disrupted meatpackers' operations.

The Fed has issued a fresh rebuke to Deutsche Bank over the lender's money-laundering controls.

Sony expects operating income to fall by at least 30% in the current fiscal year, assuming that business operations return to normal by the end of 2020.

Atul Gawande is stepping down as CEO of Haven, the health-care venture backed by Amazon, Berkshire and JPMorgan.

(END) Dow Jones Newswires

May 14, 2020 02:47 ET (06:47 GMT)

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