Some of Tuesday’s top business news stories:
Associated Press
U.S. restriction on chipmakers deals critical blow to Huawei, by Zen Soo Joe McDonald
SBA leaves businesses still hoping for more leeway on loans, by Joyce M. Rosenberg
CNN
Disney streaming chief leaves to become CEO of TikTok, by Frank Pallotta Kaya Yurieff
For small businesses, survival may hinge on closing streets, by Matt McFarland
The Wall Street Journal
Uber Cuts 3,000 More Jobs, Shuts 45 Offices in Coronavirus Crunch, by Preetika Rana
Moderna Says Initial Covid-19 Vaccine Results Are Positive, by Peter Loftus
CNBC
New car registrations in Europe fall 76% in April as coronavirus lockdowns hit sales, by Holly Ellyatt
Retail sales in the US could fall more than 6% in 2020: Euromonitor, by Lauren Thomas
Reuters
Supplier restarts flow of critical truck parts to Detroit automakers, by Ben Klayman
Square joins Twitter in letting employees work from home permanently, by C Nivedita
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