"This decision follows months of working to identify a buyer who would continue to operate our business going forward" -- but no dice.
J&J said it will prioritize only high-demand products in light of COVID-19. But there's much more to the story than that.
"Safety protocols are set at the state and local level, creating a patchwork of regulations and uncertainty," writes Hilary Potkewitz for "The Wall Street Journal."
And declines in specific categories over two months were staggering: 89% for clothing stores, 50% for restaurants and bars.
Franchisees will encourage social distancing by closing some tables; requiring employees to wear masks and gowns; cleaning digital kiosks after every order.
The warning comes as the movement for additional government rescue measures has stalled.
They could reach an agreement as soon as this month, sources tell Bloomberg's Ed Hammond, who broke the story, but "talks could still fall through," he reports.
"Mr. Musk has a colorful history, but his stance was brazen even by those standards," writes Tim Higgins for "The Wall Street Journal."
United Airlines catches social media heat for a doctor's tweeted photo of a fully packed flight from Newark to San Francisco Saturday,
Quarterly reports issued this week for Uber, Lyft and Live Nation were all, unsurprisingly, dismal. Airbnb, meanwhile, is laying off a quarter of its 7,500 staffers.