Job cuts, a lawsuit and some vaccine news – the latest from Business

It’s been an eventful day in the business world so far, with many companies continuing to be hit hard by the coronavirus.

To help you catch up, here are the latest headlines.

IAG – the parent company of British Airways – says it’s thinking about launching a legal challenge against the UK government over a new rule that will require incoming travelers to quarantine for 14 days. Willie Walsh, chief executive of IAG, told Sky News earlier that the “irrational” rule would “torpedo” the airline’s chances of flying in July, and said there had been no consultation with the industry before the legislation was announced

Carmaker Bentley says it’s going to cut up to 1,000 jobs under a “voluntary release system”, and that it can’t rule out future compulsory redundancies

Clothes retailer Gap has reported a loss close to $1bn (£792m) because of store closures due to the coronavirus. The company was $932m in the red for the three months to May – while during the same period last year it made a profit of $227m.

The boss of drug company AstraZeneca, Pascal Soriot, has told the BBC they’re starting to produce a potential vaccine for the coronavirus. Trials of the drug are underway, but Soriot says they need to start making it “right now” so that they “have it ready to be used by the time we have the results”