Markets
Federal Government To Buy 100 Million Doses Of Moderna's Coronavirus Vaccine
It receives $1.2 billion, if it falls short of that timing goal. "We are scaling up our manufacturing capability with our strategic partners ... to address this global health emergency with a safe and effective vaccine". Administration officials have said they expect the USA governments' Operation Warp Speed vaccine development program to deliver an inoculation by the end of the year. [Full Article...]
United Kingdom economic output collapses by 20.4% in Q2 2020
After England's hospitality sector, including pubs and restaurants, reopened for the first time in more than three months, UK Health Secretary Matt Hancock said that the vast majority of people did "the right thing". "I've always been clear that we can't protect every job, but. we have a clear plan to protect, support and create jobs to ensure that nobody is left without hope", he said. [Full Article...]
Florida player takes home $168.5 million POWERBALL jackpot
The jackpot could increase if sales further lottery projections, according to officials. The Power Play was 3x. To multiply your non-jackpot prizes, select the Power Play box. Powerball is played in 44 states, Washington DC, Puerto Rico, and the US Virgin Islands. The odds of winning the jackpot with a $2 ticket are 1 in 30,821,472. [Full Article...]
General Motors : GM Names John Stapleton Acting Finance Chief as CFO Leaves
GM reported revenue of $ 137 billion past year; Stripe in 2018 reported revenue of $529 million. Her compensation package at GM past year totaled $6.8 million. After she took over from GM veteran Chuck Stevens, she immediately brought a well-prepared and self-confident manner to quarterly interactions with Wall Street investment-bank analysts, a group she knew well from her experiences of being b... [Full Article...]
Number of unemployed people in Australia exceeds 1 million for first time
Employment rose by 114,700 people with the majority of new jobs part-time roles (71,200) compared to full time (43,500). It was followed by West Australia with 8.3% and South Australia with 7.9%. The Australian Bureau of Statistics' goal is to inform Australia's important decisions by partnering and innovating to deliver relevantly, trusted, objective data, statistics, and insights. [Full Article...]
European Union concludes talks on potential COVID-19 vaccine supply from J&J
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Novavax will supply the NVX-CoV2373 doses to the United Kingdom beginning as early as the first quarter of 2021, while phase 3 trial is expected to begin in the third quarter of this year, the company said. In an early-stage trial, Novavax's vaccine candidate, NVX-CoV2373, has produced higher levels of antibodies in healthy volunteers after two doses than those found in recovered COVID-19 patients... [Full Article...]
S&P 500 dips at open as labour market rebound falters
The S&P 500 and Dow indexes dipped at the open on Thursday as weekly jobless claims fell below 1 million last week, but that was likely due to the expiration of a US$600 weekly jobless supplement that discouraged some from filing claims. The value of Dow Jones down by 0.29% to 27896.72 points, S&P 500 down by 0.20% to 3373.43 points, Nasdaq up by 0.27% to 11042.50 points. The Nasdaq composi... [Full Article...]
European Commission Reaches First Agreement on Potential COVID-19 Vaccine With AstraZeneca
The latest agreements bring Britain's total number of doses secured to 362mn for a population of 66mn, and Britain said both vaccines could be available by the middle of next year for priority groups, such as frontline health and social care workers, ethnic minorities, adults with serious diseases, and the elderly. [Full Article...]