The "Lambert-Eaton Myasthenic Syndrome (LEMS)- Pipeline Insight, 2020" drug pipelines has been added to ResearchAndMarkets.com's offering.
If you are looking for the best ideas for your portfolio you may want to consider some of Ensemble Capital's top stock picks. Ensemble Capital, an investment management firm, is bullish on First American Financial Corp (NYSE:FAF) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed […]
Canadian securities regulators introduce guidance for flexible chief compliance officer arrangements for businesses
(Bloomberg) -- Deutsche Bank AG is weighing whether to help the banking unit of failed German payments company Wirecard AG, potentially throwing the business a lifeline after one of the biggest corporate scandals in recent years.The Frankfurt-based lender is in touch with German regulator BaFin, the insolvency administrator and Wirecard Bank’s management board on possible further steps, a Deutsche Bank spokesman said by e-mail, without elaborating further on the nature of the potential aid.Deutsche Bank had informal tie-up talks with the scandal-hit fintech last Spring and isn’t ruling out buying all or part of the bank. Wirecard Bank -- which sat at the heart of the firm -- could be valuable to a potential acquirer because of its relationship with credit card companies Visa Inc., Mastercard Inc. and JCB International, which are also key to other parts of Wirecard.Wirecard filed for insolvency last week after saying that almost 2 billion euros ($2.25 billion) it previously reported as cash probably never existed, throwing the future of its banking and others businesses into doubt. The company faces a potential avalanche of lawsuits and former Chief Executive Officer Markus Braun was arrested, though is now out on bail.While Wirecard Bank isn’t part of the bankruptcy proceedings, the parent ceded control of funds last week after the financial regulator stepped in to prevent the money from being deployed elsewhere.“We are currently reviewing the possibility of providing Wirecard Bank AG with financial support,” Deutsche Bank said. “We are in principle prepared to provide this support in the context of a continuation of business operations, if such assistance should become necessary.”Insolvency administrator Michael Jaffe said on Wednesday that the assets he’s trying to sell are attracting interest from numerous investors. He didn’t say whether he intends to sell Wirecard Bank as well, though said the lender remains solvent.To fuel its growth, Wirecard had been paying depositors attractive interest at a time when traditional banks increasingly started to pass on negative rates. This year, it began offering a 0.75% interest rate via its Boon app, betting that more deposits will translate into more payments via its systems and lucrative contracts with stores and online merchants.In addition to the earlier talks on a possible tie-up, the two financial firms had others links. Deutsche Bank is part of a lending group of 15 banks that together are owed about 1.6 billion euros, Bloomberg has reported. CEO Christian Sewing has been trying to shift the lender away from its reliance on trading income toward a focus on processing payments for companies, and he’s made the division responsible for the business -- known as Corporate Bank -- the centerpiece of his large restructuring plan.Sewing has focused tech investment on the Corporate Bank but he has also said that the division is being challenged by the low interest-rate environment it’s operating in.The collapse of Wirecard has prompted criticism of regulators and soul-searching among Germany’s elite grappling for answers over the failure of what was once one of its most lauded companies. BaFin President Felix Hufeld has acknowledged that his institution is among those to blame for not catching the irregularities, which he referred to as “massive fraud” on Thursday in Frankfurt.(Adds talks in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Dow industrials soared 450 points Thursday on a strong jobs report. Tesla surged 9% on strong delivery numbers.
European refiners especially are moving away from sour varieties like Russian Urals, which have risen in price since a supply cut pact by producer countries made the grades scarcer, towards alternatives such as U.S. West Texas Intermediate (WTI), West African grades, CPC Blend and Azeri oil. "Many discounted barrels from the U.S. are arriving in Northwest Europe," one European importer of both Nigerian and U.S. oil said. Although gasoline stocks in northwest Europe remain not far from all-time highs and refining margins are still in the doldrums, they fell by almost 9% in the week to Thursday in the third consecutive weekly drop.
Tesla stock’s potential inclusion in the S&P 500 index has bulls buzzing. Index inclusion is a good thing, but it isn’t everything.
New York, New York--(Newsfile Corp. - July 2, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Endo International Plc (NASDAQ: ENDP) alleging that the Company violated federal securities laws.Class Period: August 8, 2017 and June 10, 2020Lead Plaintiff Deadline: August 18, 2020Learn more about your recoverable losses in DNK:http://www.kleinstocklaw.com/pslra-1/endo-international-plc-loss-submission-form?id=7738&from=5The filed complaint alleges that Endo International Plc made materially false and/or misleading statements ...
In the sixth episode of HBO’s “Watchmen” adaptation, entitled “This Extraordinary Being,” Angela Abar (Regina King) lives inside her grandfather’s memories of how he became the vigilante Hooded Justice. In one harrowing sequence, Angela experiences how a cabal of white supremacists in the NYPD attacked Will (Jovan Adepo) in an alleyway while a haunting love […]
Exxon provided an update on its second-quarter outlook on Thursday, and it could portend weaker earnings and other concerns, Cowen says.
Read the full report: https://www.reportlinker.com/p05913679/?utm_source=PRN The Global Breast Pump Market is expected to grow from USD 865.51 Million in 2019 to USD 1,423.37 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.64%.Market Segmentation & Coverage:This research report categorizes the Breast Pump to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of Type, the Breast Pump Market is studied across Closed System Breast Pump and Open System Breast Pump. On the basis of Technology, the Breast Pump Market is studied across Electric Breast Pump and Manual Breast Pump. The Electric Breast Pump further studied across Double Electric Breast Pump and Single Electric Breast Pump. On the basis of Distribution Channel, the Breast Pump Market is studied across Offline Store and Online Store. On the basis of End User, the Breast Pump Market is studied across Ambulance Care Unit, Home Care, and Hospitals. On the basis of Geography, the Breast Pump Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Breast Pump Market including Ameda, Handi-Craft Company, Hygeia Medical Group II, Koninklijke Philips N.V, Lansinoh Laboratories, Inc., Linco Baby Merchandise Works Co., Ltd., Mayborn Group, Medela, Inc., Pigeon Corporation, and Whittlestone Inc.. FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Breast Pump Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D; activities, and new product developmentsThe report answers questions such as:1. What is the market size and forecast of the Global Breast Pump Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Breast Pump Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Breast Pump Market?4. What is the competitive strategic window for opportunities in the Global Breast Pump Market?5. What are the technology trends and regulatory frameworks in the Global Breast Pump Market?6. What are the modes and strategic moves considered suitable for entering the Global Breast Pump Market?Read the full report: https://www.reportlinker.com/p05913679/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
ManhattanLife, one of the oldest health and life insurance companies in the United States, announced today the growth of their partnership with Integrity Marketing Group ("Integrity") with the launch of the ManhattanLife Assurance Company (MAC) Medicare Supplement. This Medicare Supplement product is an extension of the current ManhattanLife Medicare Supplement portfolio and will be distributed exclusively through Integrity Marketing Group.
MarketsandMarkets™ recently launched the report, "COVID-19 Impact On Intelligent Process Automation Market by Component, Vertical, and Region - Global Forecast to 2025". The study states that COVID-19 Impact on Intelligent Process Automation Market size is expected to grow from USD 10.0 billion in 2020 to USD 16.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Over the years, organizations have enhanced the level of innovation; and with the outbreak of COVID-19, a majority of operations have been compromised. This has forced organizations to function in a non-optimized manner, as a result of which they are looking for innovative areas that can improve their revenue by a small percentage.
The "Track Adjuster Market Insights 2020, Analysis and Forecast Global and Chinese Market to 2025, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.
PENTICTON, BC , July 2, 2020 /CNW/ - TIME Winery, Evolve Cellars, and McWatters Collection have been sold, to Five Vines Cellars, the private family owned business of Ron and Shelley Mayert as of July 1, 2020 . TIME Winery & Kitchen remains the same, with sister winery Evolve Cellars and the McWatters Collection labels sharing the same roof.
(Bloomberg) -- Oxford University’s vaccine project is currently leading others, but the world needs more than one type of shot, said Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases. Florida’s deaths for one day rose the most in a month.The South Africa province with Johannesburg and Pretoria may impose local lockdowns and alcohol curbs as cases surge. Latin America is setting grim milestones as Brazil’s deaths topped 60,000 and Mexico passed Spain as the world’s sixth deadliest place.New York City plans to reopen its public schools in September. The U.S. labor market rebound accelerated in June as broader reopenings spurred hiring, though recent virus pickups put the gains in jeopardy.Key Developments:Global Tracker: Cases pass 10.7 million; Deaths top 517,000Life, liberty and face masks: a virus preys on AmericaRetail apocalypse gets grimmer for U.K. landlordsUnderstanding the virus and its unanswered questionsCovid-19 isn’t killing cash. People are hoarding more of itThe post-pandemic hotel looks a lot like a cruise shipSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.NYC Schools Plan September Reopening (11:15 a.m. NY)New York City plans to reopen the nation’s largest public school system in September with social-distancing guidelines and the maximum number of students at the start, Mayor Bill de Blasio said Thursday.De Blasio said he anticipates some schools will have enough space for all their students, even with new guidelines. Those schools that can’t accommodate all students will operate on a staggered schedule, which will be announced “well in advance,” he said.Everyone will be required to wear face masks and facilities will undergo a deep cleaning each day.Houston Hospitals Tested (11:05 a.m. NY)In Houston and the nine counties surrounding it, virus patients in regular hospital beds outnumber intensive-care cases by almost 3-to-1, according to data from the SouthEast Texas Regional Advisory Council. The figures underscore the pressure on medical staff to care for patients not sick enough to require the most-invasive measures.There were 691 Covid-19 patients in ICU wards Wednesday night in the region including Houston, one of the hardest-hit cities in the U.S. Sunbelt’s accelerating outbreak, according to Setrac data Thursday. That population was dwarfed by the 1,948 virus cases in regular hospital care.Covid-19 patients of all types accounted for 26% of hospitalizations in the region, up from 7.6% at the end of May. Setrac doesn’t publish data on regional ICU or hospital capacity.Nashville Reverses on Reopening (10:45 a.m. NY)Tennessee’s Davidson County, which includes Nashville, reversed course after reporting a one-day record for new cases and will close socially driven businesses such as event and entertainment venues, Mayor John Cooper said in a statement. Restaurants can remain open but must cut capacity to 50% from 75%, he said, noting the rate of new cases fell while bars and eating places were at half capacity. The city -- a popular U.S. tourist attraction -- will operate under the rules for several weeks, he said.Denmark Allows More Travelers (10:40 a.m. NY)Denmark will allow leisure travel from Australia, Canada, Japan, New Zealand, South Korea and Thailand, the Ministry of Foreign Affairs said in a statement. Citizens from the six countries can enter if they have booked at least six nights of stay, the Danish ministry said.Florida Deaths Rise Most in Month (10:30 a.m. NY)Florida reported 169,106 Covid-19 cases on Thursday, up 6.4% from a day earlier, compared with an average increase of 5.6% in the previous seven days. Deaths among Florida residents reached 3,617, an increase of 67, the most in a month, according to a statement that includes data through Wednesday. Daily hospitalizations reached a record 325.Airlines Get U.S. Loans (10:15 a.m. NY)The U.S. Treasury agreed on loan deals with American Airlines Group Inc. and four other carriers, further bolstering liquidity as the virus all-but killed travel demand. American confirmed it will borrow $4.75 billion to weather the travel crisis caused by the pandemic. Frontier Airlines, Hawaiian Airlines, SkyWest and Spirit Airlines also reached deals to borrow from the Treasury.Mnuchin Hints at School Aid in Stimulus (10:20 a.m. NY)Treasury Secretary Steven Mnuchin said the Trump administration is in contact with schools and universities on reopening, and officials are considering help in the next round of economic stimulus to “properly equip” schools for social distancing and to make other adjustments. “In most cases, schools will be able to open safely,” Mnuchin said at the White House.U.S. Mortgage Rates Fall to a Record Low for 30-Year Loans (10:00 a.m. NY)Mortgage rates in the U.S. have dropped to another record low -- the fifth since the Covid-19 pandemic started rattling financial markets worldwide.The average for a 30-year fixed loan was 3.07%, the lowest in almost 50 years of data-keeping by Freddie Mac. The previous record was 3.13%, which held for two weeks.As Cases Surge, South Africa Hub Adds Beds (9:26 a.m. NY)South Africa’s Gauteng province, which includes Johannesburg and Pretoria, will add more than 2,000 hospital beds this month and is considering localized lockdowns and curbs on alcohol as the number of cases surges.The country’s commercial hub has recorded about 3,000 infections a day in the past two weeks, the most nationwide, and hospitalizations and the mortality rate have increased “dramatically,” David Makhura, the province’s premier, said Thursday. Currently 144 patients require ventilators in the region, up from just four a month ago.England’s Infection Rate Has Leveled Off: ONS (9:20 a.m. NY)An average of 0.04% of the community population, the equivalent of 25,000 people, had Covid-19 between June 14 and June 27, the Office for National Statistics estimated. The figure was 0.06% in the previous two-week period and more than 0.3% when the survey started in April. Estimates are based on tests performed on a sampling of people outside of hospitals, care homes and other institutional settings.U.S. June Jobs Rise Above-Forecast 4.8 Million (8:30 a.m. NY)The rebound in the U.S. labor market accelerated in June as broader reopenings spurred more hiring, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up. Payrolls rose by 4.8 million in June after an upwardly revised 2.7 million gain in the prior month, according to a Labor Department report. The unemployment rate fell for a second month to 11.1%, still far above the pre-pandemic half-century low of 3.5%.Wells Fargo Hits Brakes on Student Loans (8:11 a.m. NY)Wells Fargo & Co. is pulling back from student lending as the U.S. surge in coronavirus cases threatens to further disrupt higher education and the broader U.S. economy.The firm, which has been reviewing businesses under new Chief Executive Officer Charlie Scharf, said student loans for the upcoming academic year will be granted only to people who submitted applications before July 1 or to customers who already have an outstanding balance on a prior student loan from the bank.England’s Schools to Reopen From September (7:48 a.m. NY)Restrictions on class sizes will be lifted to allow English schools, colleges and nurseries to fully reopen in September, at the start of the next academic year, Education Secretary Gavin Williamson said. Prime Minister Boris Johnson’s government is trying to persuade schools to return to normal, amid concerns that pupils are falling behind in their education and parents are unable to work effectively while educating their children.Botswana President Quarantines After Aide Tests Positive (7:18 a.m. NY))Botswana President Mokgweetsi Masisi started 14 days of quarantine after an “official closely serving him” tested positive for coronavirus, according to a statement emailed by the Office of the President.Airbnb Restricts Bookings for Some U.S. Guests Under 25 (7:12 a.m. NY)Airbnb Inc. will restrict guests under the age of 25 with less then three positive reviews from booking entire home listings that are close to where they live, the company said in a statement. The measure will support “safe and responsible” travel in the U.S. and follows a similar initiative in Canada that was implemented earlier this year.EU Seeks to Secure Remdesivir Doses (7:01 a.m. NY)The European Union is in negotiations with Gilead on the possibility of reserving a “sufficient number of doses” of remdesivir for the bloc’s member states, a European Commission spokesman told reporters.Djokovic’s Second Covid-19 Test Results Negative (6:14 a.m. NY)World top tennis player Novak Djokovic and his wife, Jelena, recovered from coronavirus, his public relations agency said by email. The couple tested positive after an exhibition tour in the Balkans last month.Neither showed any symptoms and have stayed in self-isolation over the past 10 days.German Parliament Backs $246-Billion Debt Binge to Spur Growth (6:10 a.m. NY)Germany’s lower house of parliament approved additional borrowing that will raise new debt this year to 218 billion euros ($246 billion) to fund spending to put the economy back on track.The Bundestag also backed the government’s stimulus package designed to boost long-term competitiveness and help achieve climate targets, as the country seeks to emerge from its worst recession since World War II.Audi Sees Swift Profit Recovery From Next Year After Virus Hit (5:57 p.m. HK)Audi expects earnings to rebound quickly as Volkswagen AG’s premium-car division boosts restructuring efforts under new Chief Executive Officer Markus Duesmann.Operating profit should reach 4.2 billion euros ($4.7 billion) next year and almost 5.8 billion euros in 2022, with the latter topping pre-crisis levels, the German carmaker said on its website. The numbers are based on an analysis by PricewaterhouseCoopers.Kazakhstan’s Leader for Life Recovers From Virus (5:28 p.m. HK)Kazakhstan’s former President Nursultan Nazarbayev, 79, tested negative for coronavirus after contracting the disease last month, according to a statement on Twitter. Nazarbayev holds the title “leader of the nation” and is head of the Security Council for life even though he handpicked Kassym-Jomart Tokayev as his successor in March 2019.Spanish Firms Are Most Anxious About Future, Dutch Most Relaxed (4:45 p.m. HK)Businesses in Spain are the most concerned about the economic fallout of the coronavirus lockdown while companies in the Netherlands are the least anxious, according to a European survey from Swedish debt collector Intrum AB. Of the 9,980 companies surveyed, two-thirds of respondents ranked the risk of a pan-European recession as one of the top three challenges hindering the ability of customers to settle their bills on time during the next 12 months.Israel Imposes Neighborhood Lockdowns (4:34 p.m. HK)Israel has imposed localized lockdowns in areas of Lod, a mixed Jewish and Arab city near Tel Aviv, and in the coastal town of Ashdod, because of a surge in coronavirus cases.Entrance and exit from three neighborhoods in each of the two cities will be restricted for a period of one week from Thursday. Close to 1,000 coronavirus cases were confirmed nationwide on Wednesday, bringing the total number to more than 26,000 and 324 deaths.The Defense Ministry will call up 500 reserve soldiers to help fight the outbreak, of whom most will staff quarantine hotels.Accenture Cuts Up to 900 Jobs as Pandemic Takes Toll (4:12 p.m. HK)Consulting firm Accenture is cutting as many as 900 jobs, or 8% of its U.K. workforce, amid a sharp slump in demand for its advisory work. The company has notified staff and plans “collective consultation” for a program of redundancy.China Vehicle Sales Rise for Third Month (4:12 p.m. HK)Vehicle sales advanced for a third straight month in China, signaling that an economic rebound is gathering pace as the pandemic gradually abates in the country.Sales of passenger cars such as sedans and SUVs, as well as commercial vehicles, increased 11% in June from a year earlier to 2.28 million units, the China Association of Automobile Manufacturers said Thursday in a statement, citing preliminary figures.EUSA Pharma Gets Approval for Phase 3 Treatment Trial (4:00 p.m. HK)EUSA Pharma received approval from the U.S. Food & Drug Administration to conduct a phase 3 clinical trial to evaluate the safety and efficacy of intravenous siltuximab to treat severe coronavirus patients.Fauci Sees Need for Multiple Vaccines (3:39 p.m. HK)The world needs more than one vaccine to tackle the pandemic, said Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases. Oxford’s vaccine project is currently ahead of others, Fauci told the BBC.Hungary Tightens Travel Rules, Rejects EU (3:05 p.m. HK)Hungary won’t heed a European Union recommendation to gradually start opening its borders to travelers from outside the bloc, Prime Minister Viktor Orban said, citing health concerns amid a resurgence of the virus abroad.The EU recommended earlier this week that member states start lifting travel restrictions for 14 countries as well as China, pending confirmation of reciprocity. Of the nations on the list, Hungary will only allow unfettered travel to and from neighboring Serbia, Orban said.Musk Says Tesla Is Building RNA Microfactories (2:52 p.m. HK)Tesla is building RNA microfactories for vaccine maker CureVac and possibly others at Tesla Grohmann, a manufacturing automation company it bought in 2017, CEO Elon Musk said on Twitter.France Says Virus Contained (2:17 p.m. HK)All indicators are showing the coronavirus is under control in France after the some 200 clusters identified since lockdown measures were loosened were contained, French Health Minister Olivier Veran said in an interview on RTL radio.The government is putting in place new restrictions in French Guiana, where cases have increased and is increasing nationwide testing this week to around 300,000. Any reopening of night clubs would be problematic, Veran said.California Principals Quarantined After Exposure (1:26 p.m. HK)More than 40 school principals in the South Bay are in quarantine after being exposed to Covid-19 during an in-person meeting held by the Santa Clara Unified School District, the San Francisco Chronicle reported.German Infection Rate Stays Below Benchmark (1:24 p.m. HK)Germany’s coronavirus infection rate remained below the key threshold of 1.0, and the number of new cases stayed much lower than the levels at the height of the outbreak.The reproduction factor -- or R value -- edged higher to 0.86 on Wednesday from 0.83 the previous day, according to the country’s health body, the Robert Koch Institute. The value remains far below its level last week, when local outbreaks and increased testing lifted the number as high as 2.88.There were 475 new cases in the 24 hours through Thursday morning, up from 376 the previous day and bringing the total to 195,893, according to data from Johns Hopkins University. That compares with almost 7,000 at the peak of the pandemic in late March.Thailand Reports 6 More Cases, Total 3,179 (12:38 p.m. HK)Thailand confirms six new coronavirus cases Thursday, all found in state quarantine after returning from Indonesia, South Africa and Sudan, according to Panprapa Yongtrakul, a spokeswoman for the Covid-19 center.Australians Drain Their Pension Accounts (12:17 p.m. HK)About 480,000 mostly younger Australian workers have drained their retirement savings accounts after the government allowed early access to alleviate financial hardship during the coronavirus outbreak, according to an industry group.An estimated 395,000 people aged under 35 have eroded their retirement accounts, Industry Super Australia said on Thursday. The move could leave more people reliant on the government pension later in life, ISA says.Manhattan Home Sales Fall Most on Record (12:04 p.m. HK)Manhattan home sales plunged the most on record in the second quarter as New York was shut down to prevent the spread of Covid-19.Purchases of co-ops and condos in the borough tumbled 54% from a year earlier to 1,357, according to a report Thursday by appraiser Miller Samuel Inc.and brokerage Douglas Elliman Real Estate. It was the biggest annual decline since the firms started keeping the data in 1990.Tokyo New Cases at Highest in Two Months (11:44 a.m. HK)Tokyo found 107 new coronavirus cases on Thursday, the most since May 2. “We are at the stage where we must urge caution over the infection,” Governor Yuriko Koike said.Thai Glove Maker Surges after $480 Million IPO (11:41 a.m. HK)Sri Trang Gloves (Thailand) Pcl, the nation’s largest glove maker, gained as much as 77% in the Thai stock exchange’s first listing since the novel coronavirus outbreak. The company is expected to see a five-fold increase in profit this year, Jaroonpan Wattanawong, an analyst at Maybank Kim Eng Securities (Thailand) Pcl, wrote in note Wednesday.U.S. Cases Top 50,000 for First Time Ever (11:05 a.m. HK)U.S. daily cases rose above 50,000 for the first time ever on the first day of July, according to data from Johns Hopkins University and Bloomberg News.New cases rose by 51,374 on Wednesday, a 1.95% increate from Tuesday, the fastest rate since mid-May.Taiwan Mulls Easing Border Controls Gradually (11:01 a.m. HK)The government will gradually lift border controls without compromising virus containment efforts, depending on Covid-19 situation globally and domestically, Mainland Affairs Council says on its website. Decision will be announced in a timely manner.Washington Frats Record Widespread Infections (10:57 a.m. HK)At least 80 students living in a dozen fraternity houses at the University of Washington campus tested positive, with hundreds of results pending, the Seattle Times reported.Three fraternity residents had symptoms of COVID-19, and public health officials noticed a spike in cases from the area among people ages 18 to 20, said university spokeswoman Michelle Ma, according to the newspaper.U.S. House Extends Small Business Loan Plan (10:08 a.m. HK)The House gave congressional approval Wednesday to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.The Senate passed the extension Tuesday, shortly before the Small Business Administration was to stop accepting new loan applications at 11:59 p.m. Both chambers used expedited procedures to send the bill to President Donald Trump, who was expected to sign it, according to a person familiar with the matter.Australia’s Victoria Records 77 Cases (9:28 a.m. HK)Victoria on Thursday said it had 77 new infections in the previous 24 hours, while most other states and territories have recorded few, if any, community transmissions for weeks.The new infections means that Victoria has 415 active cases that its aware of, which state Chief Heath Officer Brett Sutton said on Thursday “means there are other infections still to be found out there and they’re all at risk of transmitting to others.”South Korea Confirms 54 Coronavirus Cases (9:16 a.m. HK)South Korea found 54 more confirmed Covid-19 cases in 24 hours, raising the total tally to 12,904, according to data from Korea Centers for Disease Control & Prevention.Of the new cases 44 were locally infected, while 10 were imported. The death toll remained unchanged at 282.China Reports 3 Coronavirus Cases, 2 Imported (8:54 a.m. HK)China reported three new cases, including one in Beijing and two imported cases in Shanghai and Guangdong, according to a statement from China’s National Health Commission.On Wednesday, the nation reported three local cases in Beijing, down from seven the day before. China has reported 83,537 confirmed coronavirus cases, and the total death toll now stands at 4,634.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
F1 Payments earns No. 1 spot on the prestigious 2020 Best Companies to Work for in Texas list and named to the 2020 Best Places to Work Austin list.
Stocks rise after a better-than-estimated U.S. jobs report for June but come off earlier highs after an increase in coronavirus infections.
The U.S. recorded the highest number of new cases of the coronavirus illness COVID-19 in a single day at more than 50,000 on Wednesday, according to data provided by Johns Hopkins University, amid a surge in several states that were first to reopen and lift restrictions on movement.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Stanley Black...