The companies do not close on the deal in which General Motors takes a stake in Nikola until Sept. 30, giving GM a couple of weeks to change its mind. …read more […]
If Moderna Inc’s COVID-19 vaccine proves to be at least 70 percent effective, the company plans to seek emergency authorization for its use in high-risk groups, the company’s chief executive told Reuters. Moderna’s vaccine candidate – mRNA-1273 – is nearing the finish line in its push to enroll 30,000 individuals in a late-stage trial of a novel coronavirus vaccine. An independent safety board will take a first look at Moderna’s data as soon as a total of 53 people in the trial become infected with COVID-19. …read more […]
Manufacturing and government sources tell Reuters that more than half a dozen so-called antigen tests will likely be authorized by the end of October. U.S. regulators in recent months have authorized antigen tests from Abbott Laboratories, Becton Dickinson & Co, Quidel Corp and LumiraDX. When planned production of the newly authorized tests are combined with previously approved diagnostics, overall monthly U.S. testing capacity will exceed 200 million per month by year end, these sources said. …read more […]
(Bloomberg) — The Dakota Access oil pipeline is poised to stay in service at least through December under a new court schedule, assuming the Trump administration doesn’t force a shutdown.Under the proposed briefing schedule filed Wednesday, a federal court in Washington won’t be prepared to rule until late December, at the earliest, on a renewed bid to halt the line.The proposed schedule would give tribes opposed to the Dakota Access until Oct. 16 to file a new request to shutter it. Lawyers for the Army Corps of Engineers and pipeline operator Energy Transfer LP would have until Nov. 20 to …read more […]
Today we will run through one way of estimating the intrinsic value of AbbVie Inc. (NYSE:ABBV) by taking the expected… …read more […]
Canada, oh Canada.
The land up north is in the news and in our mailbag this week – both with ideas that make us smile.
We’ll start with the latest word from Canada’s famed pension fund.
It has a big charge. It must turn a lot of money into a whole lot more. And it must do it without going broke in the process.
It’s that last part that apparently has its bosses tossing and turning at night.
This whole zero interest rate thing is really messing with their plans.
The latest worry is what to do with all those oh-so-safe government bonds. Back in the …read more […]
Every investor in AT&T Inc. (NYSE:T) should be aware of the most powerful shareholder groups. Generally speaking, as a… …read more […]
(Bloomberg) — Oil steadied after its biggest surge since June as the OPEC cartel and its partners prepared to assess a downbeat outlook for the crude market.Futures slid 0.1% in New York to trade near $40 a barrel. Earlier, oil joined other commodities and European stocks in moving lower as the dollar climbed, though later steadied, after Federal Reserve Chair Jerome Powell highlighted uncertainty about the economic rebound.The OPEC+ Joint Ministerial Monitoring Committee convenes at 2 p.m. Vienna time to assess whether vast production cuts they’ve made are tackling a global oversupply.The coalition is still working to get all members …read more […]
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of… …read more […]
Top news and what to watch in the markets on Thursday, September 17, 2020. …read more […]
BioNTech expects that the experimental COVID-19 vaccine it is developing with Pfizer can be stored at refrigerator temperatures for at least two weeks, seeking to allay concerns that the compound may have to be deep-frozen. Speaking at an online media briefing on the purchase of an additional German production site, Chief Executive Ugur Sahin said tests have recently confirmed the genetic compound remains stable at 2 to 8 degrees Celsius for five days but he expects storability at those conditions to be two weeks or longer. …read more […]
China will need to approve ByteDance’s proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated. Oracle has submitted a proposal to the Trump administration that will allow it to become a technology partner in the TikTok app, as ByteDance hopes to head off a Trump order that it divest TikTok’s U.S. operations. The proposal envisages making TikTok Global a U.S.-headquartered company. …read more […]
(Bloomberg) — A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate.Industrial & Commercial Bank of China Ltd. slashed a planned bond sale of the riskiest type of debt by more than a third, raising only $2.9 billion in dollar-denominated bonds out of a planned $4.4 billion.Some of China’s biggest lenders are trying to raise at least $29 billion in bonds this month to shore up capital as profits slide and bad debt balloons. Banks are being enlisted by the government to provide cheap loans to …read more […]
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