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Exclusive: Boeing kept FAA in the dark on key 737 MAX design changes: U.S. IG report

Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found. The flight control system, known as MCAS, was “not an area of emphasis” because Boeing presented it to the FAA as a modification of the jet’s existing speed trim system, with limited range and use, according to the report. The 52-page report by the U.S. Department of Transportation’s Office of Inspector General (IG), dated June 29 and set to be made public …read more […]

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South Korea says to begin talks to purchase COVID-19 drug remdesivir in August

South Korea has started distributing stocks of the COVID-19 treatment remdesivir which have been donated by Gilead Sciences Inc and plans to begin talks to purchase more supplies in August, its disease control agency said. “Patients who are eligible for remdesivir are limited to severe patients with pneumonia and in need of oxygen therapy,” the Korea Centers for Disease Control and Prevention (KCDC) said in a statement. Gilead said on Monday it has priced remdesivir at $390 per vial in the United States and other developed countries and agreed to send nearly all of its supply of the …read more […]

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Oil rises after drop in U.S. crude stocks suggests demand pickup

Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose 48 cents, or 1.2%, to $41.75 a barrel by 0345 GMT after declining more than 1% on Tuesday. U.S. crude and gasoline stocks declined more than expected last week, while distillate inventories rose, data released by the American Petroleum Institute (API) late on Tuesday showed. …read more […]

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Inovio's Manufacturing, Scalability Concerns Of Coronavirus Vaccine Keeps This Analyst On The Sidelines

Inovio Pharmaceuticals Inc (NASDAQ: INO) reported Tuesday interim Phase 1 readout for INO-4800, its DNA vaccine candidate against the novel coronavirus.The Inovio Analyst: Piper Sandler analyst Christopher Raymond maintained a Neutral rating and $8 price target for Inovio.The Inovio Thesis: There wasn’t a ton of detail at this point from the readout except that 94% or 34 of the 36 patients, demonstrating an “overall immunological” response at week 6, with a benign safety profile, Raymond said in a note. This appeared consistent with preclinical data published in May.Raymond, however, said he would like to see data …read more […]

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2 Beaten-Up Penny Stocks That Are Set for a Rebound

With the outbreak of the coronavirus, volatility has become a seemingly ever-present facet of the stock market. While the current economic landscape has spurred fear among investors, others view market volatility as a unique buying opportunity.Opportunity is the key word – and sometimes the hardest thing for investors to see. To find names that can deliver solid returns and now come with a bargain price tag, investors will often turn to penny stocks, or those trading for less than $5 per share.Sure, there could be a very good reason these tickers are so affordable, but should there be even minor …read more […]

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Look for a Cannabis Boom in 2021

2021 will be a huge year for the legalized marijuana business in the United States.
As a Canadian, I have unique firsthand experience with national cannabis legalization…
And I believe that we are heading for a boom.
Let me show you why 2021 is going to be big for the weed industry – and why it’ll pay to be selective…
Across the Country, We’ll Make Up Big Deficits
When we finally come out of COVID-19, every state in the U.S. is going to be desperate for cash. Tax revenues are down in a big way because of a sputtering economy.
State government spending, on the …read more […]

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How to Achieve Financial Freedom in 5 Years

People who are wondering how to achieve financial freedom in 5 years face a pickle. On the one hand, financial freedom is a fantastic goal to pursue.
On the other hand, trying to accomplish it in 5 years is extremely difficult. But I’m not trying to dissuade you.
Generally, achieving financial freedom is hard. It takes patience, persistence, grit and determination. But trying to do it in such a short time span is like climbing a steep mountain.
For some people, it may not even be possible. Now, I sincerely believe that financial freedom is possible for everyone. But the time frame might …read more […]

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India’s TikTok Ban Threatens China’s Rise as a Global Tech Power

(Bloomberg) — China over the past decade built an alternate online reality where Google and Facebook barely exist. Now its own largest tech corporations from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. are getting a taste of what a shutout feels like.India’s unprecedented decision to ban 59 of China’s largest apps is a warning to the country’s tech giants, who for years thrived behind a government-imposed Great Firewall that kept out many of America’s best-known internet names. If India finds a way to carry out that threat, it may present a model for other countries from Europe to Southeast …read more […]