Fox Business Fast Briefs

Fox Business Briefs: President Trump is backing Microsoft's move to buy TikTok but warns it faces a U.S. ban if a deal isn't reached by September 15.

Fox Business Briefs: Luxury department store Lord & Taylor files for bankruptcy one year after closing its 11-story flagship building on New York's Fifth Avenue.

Amazon posts a record second-quarter profit of $5.2 billion resulting from a spike in online shopping.

Fox Business Briefs: Johnson and Johnson reports progress in preliminary testing of an experimental coronavirus vaccine.

Fox Business Briefs: L Brands is planning to layoff about 15 percent of its corporate employees, approximately 850 people.

Fox Business Briefs: McDonald’s global sales were down nearly 24-percent in the spring quarter in the U.S., the decline was more than 8-and-a-half percent.

Fox Business Briefs: Theme park announces that its annual Halloween event will be canceled due to operating restrictions linked to the coronavirus pandemic.

Fox Business Briefs: E-commerce giant Amazon accused of stealing ideas from start-ups that it invested in before launching competing products.

Fox Business Briefs: Tesla's second quarter profit surprises Wall Street and CEO Elon Musk says the company will build its second U.S. assembly plant near Austin, Texas.

Fox Business Briefs: The FAA might wait until early November before recertifying the plane again, says the Wall Street Journal.

Fox Business Briefs: Winn-Dixie will now require face masks as its parent company Southeastern Grocers says the mandate is for the safety of its customers, workers, and communities.

Fox Business Briefs: Delta Air Lines rolling out additional protocol for those who cannot wear a mask because of a medical condition.

Fox Business Briefs: Twitter investigates a coordinated attack targeting several high-profile accounts using the company's own employee tools.

Fox Business Briefs: Best Buy says you'll need to wear a mask to shop at any of their stores nationwide in an effort to protect shoppers, its communities, and employees.

Fox Business Briefs: Number of passengers on Delta planes during the second quarter dropped more than 90 percent from a year ago.

Fox Business Briefs: Calls to boycott Goya Foods after the company's CEO praised President Trump leads to a 'buy-cott.'

Fox Business Briefs: United Airlines and its pilots' union reaching tentative agreements on early retirement and voluntary furloughs.

Fox Business Briefs: General Motors announces the production of the Chevrolet Sonic will end in October; Pier 1 will reportedly find a new life online.

Fox Business Briefs: The country's biggest retailer is reportedly going after the e-commerce giant and will be launching a membership service called 'Walmart Plus.'

Fox Business Briefs: Secretary of State Pompeo says the Trump administration may soon ban Chinese social media apps including TikTok.