Month: April 2020

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Pfizer says early studies of potential coronavirus treatment show promise

April 9, 2020 admin Comments Off on Pfizer says early studies of potential coronavirus treatment show promise

U.S. drugmaker Pfizer Inc said on Thursday that early data has helped it identify a drug candidate with the potential to help treat patients infected with the novel coronavirus. It also said it plans to support studies to determine whether existing Pfizer medicines, including its rheumatoid arthritis drug Xeljanz, may provide benefits for those struggling with the COVID-19 respiratory illness caused by the coronavirus. More than a dozen large drugmakers, including Pfizer, have announced plans in recent months to develop vaccines and treatments for the coronavirus, although few if any are likely to reach patients in time …read more […]

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Gold Market Isn’t Going Back to Normal as Spreads Stay Wide

April 9, 2020 admin Comments Off on Gold Market Isn’t Going Back to Normal as Spreads Stay Wide

(Bloomberg) — The gold market is showing no signs of going back to normal.Spreads between New York and London have stayed around $40, a sign that traders are hesitant and liquidity is thin. It’s still difficult to ship gold around the world and traders have speculated that some dealers are pulling back given the logistical risks.“The market itself is not broken,” said Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone. But it’s “thin and dislocated.”To be sure, there’s plenty of gold available in New York, according to Comex. Total stockpiles tracked by the exchange almost …read more […]

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Business News

Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

April 9, 2020 admin Comments Off on Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

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Business News

UBS execs to donate millions to coronavirus fight as CEO cautions over uncertainty

April 9, 2020 admin Comments Off on UBS execs to donate millions to coronavirus fight as CEO cautions over uncertainty

UBS’s most senior managers will each contribute the equivalent of three months’ salary to fight the new coronavirus, Chief Executive Sergio Ermotti said on Thursday, as he cautioned over hopes for a swift recovery from the economic downturn caused by the epidemic.

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Saudi Arabia buys stakes in four big European oil firms – source

April 9, 2020 admin Comments Off on Saudi Arabia buys stakes in four big European oil firms – source

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes in four major European oil companies, a source familiar with the transaction said. The four are Royal Dutch Shell , France’s Total , Norway’s Equinor and Italy’s Eni , the source said, confirming a Wall Street Journal report. The source did not confirm the combined value of the stakes, which the WSJ reported were worth $1 billion. …read more […]