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Trading Ideas
Sanofi CEO Says Americans to Get Potential Virus Vaccine First
French drugmaker Sanofi (SNY) said that the U.S. would likely get its Covid-19 vaccine first once it is available.“The U.S. government has the right to the largest pre-order because it’s invested in taking the risk,” Sanofi CEO Paul Hudson said in an interview with Bloomberg News. The U.S., which expanded a vaccine partnership with the company in February, expects “that if we’ve helped you manufacture the doses at risk, we expect to get the doses first.”Hudson cautioned that Europe needs to step up efforts to find protection against the pandemic if it doesn’t want to fall behind.Last month Sanofi entered …read more […]
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Is Johnson & Johnson (NYSE:JNJ) A Smart Pick For Income Investors?
Today we’ll take a closer look at Johnson & Johnson (NYSE:JNJ) from a dividend investor’s perspective. Owning a strong… …read more […]
Business News
Millions more Americans file for jobless benefits as coronavirus layoffs widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, filing for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the economy.
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Jobless claims: Another 2.98 million Americans file for unemployment benefits
The COVID-19 pandemic’s continued impact on the labor market was highlighted Thursday morning when the U.S. Labor Department released its weekly initial jobless claims report. …read more […]
Business News
Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid
Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid.
Business News
How Tesla tapped a tiny Canadian lab for battery breakthroughs
Tesla Inc is a leader in electric vehicle battery technology, but the company doesn’t do all its own research.
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Exclusive: Tesla's secret batteries aim to rework the math for electric cars and the grid
For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a “Battery Day” in late May. New, low-cost batteries designed to last for a million miles of use and enable electric Teslas to sell profitably for the same price or less than a gasoline vehicle are just part of Musk’s agenda, people familiar with the plans told Reuters. …read more […]
Business News
Coronavirus crisis a window of opportunity for bankers to the rich
When markets slumped in March as the spread of coronavirus gathered pace, wealth managers’ trading volumes soared as ultra rich clients reshuffled their portfolios.
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Norwegian Cruise Line swings to $1.88 billion loss on charges
Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries. “We continue to experience demand for voyages further in the future across our three brands,” Chief Executive Officer Frank Del Rio said. …read more […]
Business News
Thyssenkrupp, union call for further consolidation in warship sector
Thyssenkrupp and Germany’s largest union IG Metall on Thursday called for further consolidation of the country’s warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.
Business News
Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Fiat Chrysler’s decision to scrap its dividend marks another setback for plans by the Agnelli family’s Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week.
Business News
IAG’s Walsh says Britain is throttling a travel recovery
Britain’s quarantine plans and a minister’s comment that big foreign holidays were unlikely this year are seriously hindering any travel recovery, said Willie Walsh the boss of British Airways parent company IAG .
Business News
Uber offer for Grubhub fans worries over delivery fees charged to restaurants
The possibility that Uber Technologies Inc , which runs Uber Eats, could acquire Grubhub Inc is reigniting some restaurants’ worries over the commissions charged to eateries by the third-party delivery companies.
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