Year: 2020

No Picture
Trading Ideas

Explainer: Why many farmers and politicians oppose Modi's farm laws

September 21, 2020 admin Comments Off on Explainer: Why many farmers and politicians oppose Modi's farm laws

India’s parliament has approved new farm bills that the government says will unshackle farmers from having to sell their produce only at regulated wholesale markets and make contract farming easier. Prime Minister Narendra Modi’s cabinet had issued emergency executive orders in June to change the longstanding rules that govern the vast agriculture sector, which contributes nearly 15% of the output of the $2.9 trillion economy and employs around half of India’s 1.3 billion people. Opposition parties and farmers’ organisations have criticised the government for rushing through the legislation by issuing the emergency orders and accused Modi’s administration of …read more […]

No Picture
Trading Ideas

Illumina Nears Deal to Buy Health-Care Startup Grail

September 21, 2020 admin Comments Off on Illumina Nears Deal to Buy Health-Care Startup Grail

(Bloomberg) — Genetic sequencing giant Illumina Inc. agreed to acquire Grail Inc. in a deal valuing the cancer-detection startup at $8 billion.Grail shareholders will receive $3.5 billion in cash and $4.5 billion in Illumina common stock, the companies said on Monday. Illumina already holds 14.5% of Grail’s outstanding shares, and approximately 12% on a fully diluted basis.Illumina, a giant in the DNA sequencing space, serves as the backbone for consumer genetics tests and is becoming an integral part of pharmaceutical research efforts. Grail, originally founded by Illumina and later spun out as a standalone company, is developing a blood test …read more […]

No Picture
Trading Ideas

‘Schitt’s Creek,’ ‘Watchmen’ and ‘Succession’ Win Emmys 2020

September 21, 2020 admin Comments Off on ‘Schitt’s Creek,’ ‘Watchmen’ and ‘Succession’ Win Emmys 2020

During a virtual ceremony that was the first major award show of the Covid-19 era, Zendaya became the youngest lead actress winner in a drama for her role in “Euphoria.” Regina King and Jeremy Strong were among the other actors to earn Emmys. Photo: Television Academy/ABC/Associated Press …read more […]

No Picture
Trading Ideas

Musk says record Tesla vehicle deliveries possible in third quarter

September 21, 2020 admin Comments Off on Musk says record Tesla vehicle deliveries possible in third quarter

Tesla Inc has a chance to deliver a record number of vehicles in the third quarter, the U.S. electric carmaker’s Chief Executive Officer Elon Musk said in an internal email, urging employees to work hard to achieve that goal. The quarter-end rallying cry has become a familiar theme in recent quarters at Tesla, with Musk calling on employees to quickly build and deliver vehicles at the end of the quarter to achieve specific targets. …read more […]