U.S. President Donald Trump delivers remarks at an Operation Warp Speed Vaccine Summit at the White House in Washington, U.S., December 8, 2020. Tom Brenner | Reuters The Food and Drug Administration on Friday pushed back on a tweet from President Donald Trump that suggested Moderna‘s coronavirus vaccine had won […]
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Traders brace for wild action and historic volume ahead of Tesla’s entry into the S&P 500
Traders work on the floor of the New York Stock Exchange. NYSE Electric vehicle maker Tesla is poised to enter the S&P 500 in what will be the largest rebalancing in the history of that index. The new index with Tesla in it begins trading on Monday, but all the […]
Suspected Russian hack is much worse than first feared: Here’s what you need to know
eclipse_images LONDON — The scale of a sophisticated cyberattack on the U.S. government that was unearthed this week is much bigger than first anticipated. The Cybersecurity and Infrastructure Security Agency said in a summary Thursday that the threat “poses a grave risk to the federal government.” It added that “state, […]
Olive Garden parent’s revenue falls 19% as new dining restrictions hit same-store sales
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. Next quarter, the Olive Garden parent expects sales […]
CVS Health, Walgreens start providing Covid vaccines at thousands of hard-hit nursing homes
A healthcare worker at the Portland Veterans Affairs Medical Center receives COVID-19 a vaccination on December 16, 2020 in Portland, Oregon. The first rounds of Pfizer’s vaccine were administered in Oregon on Wednesday. Nathan Howard | Getty Images For nursing homes across the country, the coronavirus pandemic has been especially […]
Sony pulls Cyberpunk 2077 from PlayStation store after backlash; developer’s shares tumble 16%
A box with the Sony PlayStation 4 Cyberpunk 2077 Collector’s Edition on the counter. Alexander Sayganov | SOPA Images | LightRocket via Getty Images LONDON — Sony has removed the video game Cyberpunk 2077 from its PlayStation Store, in a move that has shocked industry analysts and added to the […]
Just ‘a few hours’ left to agree a Brexit trade deal, top EU negotiator says
European Commissions UK Task Force Chief Negotiator, Michel Barnier. Thierry Monasse | Getty Images News | Getty Images LONDON – The U.K. and the European Union are running out of time to agree terms on a post-Brexit trading arrangement, EU Chief Negotiator Michel Barnier has warned. Both sides have offered […]
China-based companies raised $11.7 billion through U.S. IPOs this year, the most since 2014
A Lufax flag on display during an event in Shanghai, China to launch the company’s initial public offering on the New York Stock Exchange. Arjun Kharpal | CNBC BEIJING — Investor appetite for Chinese companies in U.S. stock markets rose to a six-year high in 2020 despite tensions between the […]
Biden’s pick for top U.S. trade official will continue tough line on China, says ex-Trump official
Katherine Tai delivers remarks after being introduced as U.S. President-elect Joe Biden’s nominee to be the next U.S. Trade Representative at the Queen Theater on Dec.11, 2020 in Wilmington, Delaware. Chip Somodevilla | Getty Images U.S. President-elect Joe Biden’s pick for his incoming administration’s top trade official will likely carry […]
Quarantine-free travel from the U.S. to Europe shows the first, small signs of becoming reality
New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta […]