Some of Wednesday’s top business news stories:
Associated Press
Small business program scrutinized for loans to big firms, by Joyce M. Rosenberg
Gig workers face shifting roles, competition in pandemic, by Cathy Bussewitz and Alexandra Olson
CNN
Airline bookings start to tumble again as coronavirus cases spike, by Chris Isidore
China is investing billions in chipmaking to close the gap with its global rivals, by Laura He
The Wall Street Journal
Omnicom Plans $20 Million in Podcast Ads on Spotify, by Nat Ives
Recession Forces Spending Cuts on States, Cities Hit by Coronavirus, by David Harrison
CNBC
Levi’s sales fall 62% in second quarter, to cut 15% of corporate workforce, by Lauren Thomas
Tesla is a ‘stock you cannot fundamentally value,’ trader says. Here’s his strategy for its record climb, by Lizzy Gurdus
Reuters
Cannabis firms see jump in insurance costs to protect leaders as investors sue, by Shariq Khan and Nichola Saminather
End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects, by Valerie Volcovici and Stephanie Kelly
News about business journalism
TheStreet parent received PPP loan
Why WSJ Noted is going after younger readers
What the WSJ learned from holding virtual events
China tech coverage expands from The Information, Politico
