AstraZeneca’s building in Luton, Britain. Tim Ireland | Xinhua News Agency | Getty Images LONDON — The coronavirus vaccine being developed by AstraZeneca and the University of Oxford was found to be “highly” protective, potentially paving the way for a vaccine that is more affordable and easier to distribute than […]
CNBC News
Former subprime player claims he can now short the mortgage market for climate and Covid risks
During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. […]
Peter Thiel backs Berlin start-up making psychedelics in $125 million round
Peter Thiel Adam Jeffery | CNBC LONDON — Billionaire tech investor Peter Thiel has backed a Berlin start-up aiming to make psychedelic drugs to treat mental health disorders in a $125 million funding round. ATAI Life Sciences, which describes itself as a drug development platform, was set up to acquire, […]
Dow rises more than 200 points to start the week amid more positive vaccine news
Stocks rose on Monday after AstraZeneca and the University of Oxford said their coronavirus vaccine was up to 90% effective, becoming the third inoculation this month that was revealed to be effective in trial data. The Dow Jones Industrial Average traded 279 points higher, or 0.9%. The S&P 500 gained […]
Snap is launching a competitor to TikTok and Instagram Reels
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Snap on Monday announced the launch of Spotlight, a Snapchat feature that functions like TikTok […]
Dow futures rise 200 points to kick off the week amid more positive vaccine news
U.S. stock market futures were higher Monday after AstraZeneca and the University of Oxford said their coronavirus vaccine was up to 90% effective, becoming the third inoculation this month that was revealed to be effective in trial data. Futures contracts tied to the Dow Jones Industrial average advanced 203 points, […]
Merck acquires OncoImmune to ramp supply of promising Covid drug
Pharmaceutical giant Merck said it plans to acquire privately held OncoImmune for $425 million in cash, gaining rights to an under-the-radar drug that has shown striking results in hospitalized patients with Covid-19. The medicine, CD24Fc, was shown in a late-stage clinical study in September to reduce the risk of respiratory […]
So long doorbusters! Retailers put deepest discounts online after weeks of deals
A customer pushes a shopping cart containing stuffed toys at a Target Corp. store in the Queens borough of New York, U.S, on Thursday, Nov. 28, 2019. Bess Adler | Bloomberg | Getty Images On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through […]
Dow futures rise nearly 200 points to kick off the week amid more positive vaccine news
U.S. stock market futures were higher Monday after AstraZeneca and the University of Oxford said their coronavirus vaccine was up to 90% effective, becoming the third inoculation this month that was revealed to be effective in trial data. Futures contracts tied to the Dow Jones Industrial average advanced 175 points, […]
Euro zone business activity shrinks to six-month low after new coronavirus lockdowns
The Champs-Elysees Avenue and the Arc de Triomphe are seen after the Christmas illuminations were switched on in Paris, France, Nov. 22, 2020. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON — Economic activity in the euro zone sank once again in November after governments introduced new […]