• Tesla Reopens Plant and Now Says It Has County’s Approval

    Tesla Reopens Plant and Now Says It Has County’s Approval(Bloomberg) — Tesla Inc. told employees that a California county health official has now signed off on safety measures the company took last week at its car plant as it restarted production in defiance of the area’s shutdown order.The Alameda County health officer’s approval means Tesla has local support to resume full production starting this week, Laurie Shelby, the company’s environmental, health, and safety vice president, wrote in an email to staff Saturday that was viewed by Bloomberg News. Representatives for Tesla and the county didn’t respond to queries outside regular business hours.The county’s authorization could resolve a highly contentious episode in which Elon Musk threatened to move Tesla’s headquarters and future programs out of California and sued the county over its health officer’s resistance to reopening the factory in Fremont. It’s unclear whether the chief executive officer will now follow through on his warnings, which also included shifting the company’s manufacturing out of the state.When Tesla was resisting calls to idle the factory in March, Fremont officials sought clarification from Alameda County as to whether the company was an essential business. Erica Pan, the county’s health officer, considered the plant to be a public health risk, according to documents obtained through a California public-records request.Musk’s recent comments and threats drew mixed reactions. President Donald Trump and Treasury Secretary Steven Mnuchin said Tesla should be allowed to reopen, and the mayors of Palo Alto, where Tesla has its headquarters, and Fremont, which is home to its plant and roughly 11,000 employees, offered words of support.But other California politicians rebuked the CEO, and his rocket company Space Exploration Technologies Corp. was denied a request for state funds to support job training and hiring on Friday.California Governor Gavin Newsom said Sunday on CNN’s “State of the Union” that Tesla didn’t get preferential treatment over other companies.“It’s a spirit of collaboration,” Newsom said. “Those that continue to pursue things that put people in harm’s risk, you have to have stepped-up efforts of enforcement and sanction. But that was not the case in respect to Tesla. They did work with Alameda County partners. And Alameda County health officials are satisfied that they are likely to reach those thresholds as early as Monday.”(Updates with context on dispute in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • U.S. moves to cut Huawei off from global suppliers

    U.S. moves to cut Huawei off from global suppliers Reemerging signs of strained relations between the U.S. and China have become more visible as the Trump administration barred Huawei from receiving shipments of technological materials from global chipmakers on Friday. The Final Round panel breaks down the latest news on the rising tensions.

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  • Barron’s Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More

    Barron's Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More* This weekend's Barron's cover story shows how the race for a COVID-19 vaccine could affect investors. * Other featured articles look at stocks involved in the race for 5G and some value stocks that are worth a look now. * Also, the prospects for an online retailer, a networking stock, video streaming picks and more."How the Race for a Covid-19 Vaccine Affects Investors" by Josh Nathan-Kazis asks which stocks could face steep drops if their coronavirus vaccines fall through. Gilead Sciences, Inc. (NASDAQ: GILD)? Johnson & Johnson (NYSE: JNJ)?Nicholas Jasinski's "5G Is Here. Will Anyone Care?" shows why investors should temper their expectations about the next wave of wireless service. Will AT&T Inc. (NYSE: T) or Verizon Communications Inc. (NYSE: VZ) be likely to benefit first?In "The U.S. and China's New Battle: 5G," Reshma Kapadia suggests that neither nation is willing to fall behind in shaping a new generation of communications. What's that mean for Apple Inc. (NASDAQ: AAPL), Intel Corporation (NASDAQ: INTC) and more?Shares of online furniture seller Wayfair Inc (NYSE: W) have soared during the lockdown, but the stock soon could come under heavy pressure. So says "Wayfair's Stock Could Drop 25% as Economy Reopens" by Bill Alpert.In Eric J. Savitz's "Earnings Lesson: Cisco Still Matters," see why Barron's believes that, despite a terrible earnings report, Cisco Systems, Inc. (NASDAQ: CSCO) stock deserves to trade more like video-streaming superstar Zoom Video (NASDAQ: ZM).See Also: Why A 'Prolonged Recession' Might Not Be Terrible For Investors"Covid-19 Is Crimping Cable TV and Boosting Netflix " by Jack Hough makes the case that soaring demand for streaming might work out well for Netflix Inc (NASDAQ: NFLX) and ViacomCBS Inc. (NYSE: VIAC).Value stocks have been anything but values in recent years, according to Evie Liu's "Value Stocks Look Cheaper Than Ever." They may be worth a look now. Does that include Amazon.com, Inc. (NASDAQ: AMZN) or Kroger Co (NYSE: KR)?In "No Covid Vaccine? These Three Companies Sell Other 'Mission Critical' Products," Al Root examines FLIR Systems, Inc. (NASDAQ: FLIR) and others that specialize in products and services that will make offices safer for returning workers.Also in this week's Barron's: * Why not all 5G is created equal * Why tensions with China have flared * How to avoid the coming trade wars * How COVID-19 is rewriting Economics 101 * Dividend stocks that split the difference between yield and safety * Whether hedge funds are betting the stay-at-home play is over * Latin American e-commerce companies getting a coronavirus boost * A commodity that is outperforming most othersSee more from Benzinga * Benzinga's Bulls And Bears Of The Week: Boeing, SmileDirectClub, Tesla And More * Benzinga's Bulls And Bears Of The Week: Ford, Gilead, Microsoft, Intel And More * Barron's Picks And Pans: Berkshire Hathaway, Carvana, Madison Square Garden And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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