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CEO sells stock worth $5.6 million on same day as Pfizer's COVID-19 vaccine update

The company said on Wednesday the sale was part of a pre-announced trading plan, adopted by Bourla on Aug. 19. Bourla sold 132,508 shares at $41.94 per share, according to a Securities and Exchange Commission filing late Tuesday. “The sale of these shares is part of Dr. Bourla’s personal financial planning and a pre-established (10b5-1) plan, which allows, under SEC rules, major shareholders and insiders of exchange-listed corporations to trade a predetermined number of shares at a predetermined time,” Pfizer said. …read more […]

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BMW unveils electric SUV to challenge Tesla, plans U.S. launch in early 2022

German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals. BMW said the iX should have a driving range of 300 miles (480 km). BMW said drivers would be able to add 75 miles of range in ten minutes at a fast-charging station. …read more […]

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BMW unveils electric SUV to challenge Tesla, plans U.S. launch in early 2022

German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals. BMW said the iX should have a driving range of 300 miles (480 km). BMW said drivers would be able to add 75 miles of range in ten minutes at a fast-charging station. …read more […]

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Louis-Dreyfus Opens Up for First Time With Abu Dhabi Deal

(Bloomberg) — Billionaire Margarita Louis-Dreyfus agreed to sell a 45% stake in the eponymous agricultural trader to an Abu Dhabi sovereign wealth fund, opening the storied family business to outside ownership for the first time to secure desperately needed cash for its owner.Louis-Dreyfus, who controls more than 96% of the holding company that owns LDC, has been scrambling to raise funds after borrowing about $1 billion to buy out other family members and pledging some of her shares in the family business as collateral.The agreement with ADQ should reduce some pressure from lenders including Credit Suisse Group AG. Until now, …read more […]