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AstraZeneca licenses Junshi's PD-1 in China in a bizarre commercialization deal After assigning away U.S. and Canadian rights to its PD-1 inhibitor, Chinese biotech Junshi Biosciences has found itself a Big Pharma partner for its home country. In a strangely ...
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Royal Caribbean is starting 'fully vaccinated' cruises from Israel As cruise lines await an uncertain future in the United States, one major player is announcing plans to sail from Israel with vaccinated passengers and crew. Royal Caribbean International announced Monday morning that its newest ship, Odyssey of the Seas, ...
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Gold Set for Fifth Straight Drop as Treasury Yields Resume Gains Gold erased gains, heading for a fifth straight decline as benchmark U.S. Treasury yields advanced. The rate on 10-year Treasuries jumped three basis points, dimming the appeal of the metal, which doesn't offer interest. The 30-year bond's yield rose as ...
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United, predicting a rebound in travel, buys 25 Boeing 737 Max jets New York (CNN Business) United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy an additional 25 planes. The airline also accelerated the delivery timetable for 45 ...
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Top European media outlet refuses to join Facebook News London (CNN Business) Facebook is launching its news product in Germany without media giant Axel Springer, which publishes the country's most popular daily newspaper and says it won't participate due to the "inappropriately low remuneration" offered for ...
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Gucci owner Kering invests in resale platform Vestiaire Collective PARIS/MILAN (Reuters) - French luxury group Kering has taken a 5% stake in Vestiaire Collective, a leading platform for second-hand clothes and handbags, betting that the booming resale market will help it woo younger and more environmentally conscious ...
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Exclusive: Six-Week Sprint Got Indian-Made AstraZeneca Vaccine Approved in Canada Last week, when Health Canada approved AstraZeneca's COVID-19 vaccine, it also cleared a version of the shot made by the Serum Institute of India (SII). SII filed the application with a Canadian partner, Verity Pharmaceuticals.
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Bitcoin is at a tipping point and could become 'currency of choice' for global trade, Citi says A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images.
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Millions couldn't afford diapers before the pandemic. Now, diaper banks can't keep up. Without federal aid, diaper banks struggle to keep up with skyrocketing need and fewer donations. Image without a caption. Chelesa Presley, center, and workers with Diaper Bank of the Delta gather boxes at a distribution site in Alligator, Miss. (Andrea Morales ...
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Marvell OCTEON DPU Family Joins Evenstar Program to Supply OpenRAN Distributed Unit Designs SANTA CLARA, Calif. , March 1, 2021 /PRNewswire/ -- Marvell (NASDAQ: MRVL) today announced that it will join the Evenstar program and work with Facebook Connectivity to provide a 4G/5G OpenRAN Distributed Unit (DU) design for Evenstar, based on ...
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The State of the Bitcoin ETF Debate With Bitcoin and other cryptocurrencies captivating investors, talk is again increasing about the prospects for a Bitcoin exchange traded fund. Multiple bitcoin ETFs recently debuted in Canada, and related exchange-traded products have existed in Europe for ...
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Why (And How) Texas-Based P. Terry's Burger Stand Raised Its Wages To $15 An Hour Right now, there are few debates as contentious as the minimum wage. The topic has been simmering beneath the surface since at least 2012 when the Fight for $15 organization began pressuring companies to evolve past the $7.25 federal amount put into ...
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Walmart nixes $35 minimum for Express delivery orders With more customers making grocery and other purchases online, Walmart aims to make it easier for them to get their orders faster. The Bentonville, Ark.-based retail giant said Monday that it's dropping the $35 minimum order requirement for its 10-month-old ...
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Turn Your Child Into a Tax-Free Millionaire for $25 a Day For example, the Roth IRA (a special individual retirement account) comes with incredible features that allow kids who earn income to stash away money in the account and accumulate tax-free income. Of course ...
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Texas gas regulator punts outage blame back to electric industry, 'we got us out of the problem' "I believe that my industry resolved the problem and didn't really create it," said Christi Craddick, one of three commissioners on the Texas Railroad Commission (RRC), which oversees gas utilities, pipelines and the oil and gas industry broadly, among other ...
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A Black Amazon manager is suing company executives in a discrimination and sexual harassment and assault case The suit also alleges that a former Amazon executive sexually harassed and assaulted the employee. Charlotte Newman, a senior manager who has worked in the Amazon Web Services division of the company since January 2017, told ...
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Cyber risks loom over Covid-prompted corporate IT shifts With help from Martin Matishak. Editor's Note: Weekly Cybersecurity is a weekly version of POLITICO Pro's daily Cybersecurity policy newsletter, Morning Cybersecurity. POLITICO Pro is a policy intelligence platform that combines the news you need with tools ...
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CoStar sweetens its offer to buy real estate research firm CoreLogic The U.S. housing boom, fueled by historically low mortgage rates and the pandemic-era grab for extra space, has ignited interest in property technology.
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FDA OKs Peptide-Drug Conjugate for Multiple Myeloma Melphalan flufenamide, known as melflufen during clinical development, is a first-in-class peptide-drug conjugate indicated for adults whose disease is refractory to three classes of drugs: an immunomodulatory agent, a proteasome inhibitor, and a CD38- ...
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Polaris' first full-size electric ATV should be available by early 2022 Last fall, Polaris said the partnership with Santa Cruz, Calif.-based Zero would boost it into the leadership position within the power sports industry for electric vehicle development. Under Polaris' " ...
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Bond ETFs Boringly Worked as Intended Despite a recent spike in bond yields, bond ETFs pulled in net inflows of $13 billion in the past month. While it's sharply lower than the $79 billion cash haul for equities, we view the persistent demand as indicative of growing comfort in the asset category.
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Klarna Funding Round Makes It Europe's Most Valuable Startup at $31 Billion By Supantha Mukherjee and Abhinav Ramnarayan. STOCKHOLM (Reuters) - Swedish payments firm Klarna has nearly tripled its valuation to $31 billion in less than six months with a new $1 billion private fundraising round, the company said on Monday.
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NIO Earnings: What to Look For Key Takeaways · Analysts estimate earnings per ADS of -0.70 yuan vs. -2.81 yuan in Q4 FY 2019. · Vehicle deliveries, already reported, rose YOY. · Revenue is expected to soar in Q4 as vehicle deliveries ramp up.
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Short's Brewing unveils plans for Michigan-only release of Double Soft Parade In addition to massive fruit additions, the beer will feature bright, fruit-forward deliciousness and a higher ABV than regular Soft Parade, which already checks in at a powerful 7.5% ABV.
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This popular pizza restaurant is opening a location in downtown Louisville Craft Culture Concepts restaurant group has long held that its flagship brand, the pizza concept Parlour, would be its vehicle for growth. Now, a fourth location has been announced in downtown Louisville at 133 Liberty St., set to open in mid-April 2021.
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Metro Airport named best in North America for customer service during pandemic Detroit Metro Airport was named one of the best in North America for its customer experience by a non-profit organization representing the world's airports. Wayne County Airport Authority CEO Chad Newton called it "a great honor" to be recognized as one of ...
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Budweiser brings back its low-calorie Budweiser Select nationwide after a decade Budweiser said Monday that it is relaunching its low-calorie Budweiser Select beer on a nationwide basis. Introduced in 2005, the beer has only been available in St. Louis for the past 10 years. Budweiser Select has 99 calories. Budweiser is part of the ...
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Anderson to retire as Highmark and HealthNow affiliation is completed The agreement was announced in June 2020 and took effect Monday. The organization will soon be rebranded Highmark BlueCross BlueShield of Western New York and Highmark BlueShield of Northeastern New York. Anderson will retire at ...
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State opening two mass vaccination clinics in southern Maine this week as supplies grow Maine health Commissioner Jeanne Lambrew, Portland Mayor Kate Snyder, Northern Light Mercy Hospital President Charlie Therrien and others gave the media a tour of the Portland Expo site on Monday. The site is being operated by Northern ...
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Camping World Sees Up To 22% Earnings Growth In 2021; Approves Dividend Camping World Holdings CEO, Marcus Lemonis, said that he remains "very excited" about the company's prospects in FY21 and projects its adjusted EBITDA to be in the range of $640 million to $690 million, up 13% to 22% year-over-year. Camping World ...
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Manufacturing output sees strong growth in February, reports ISM In its monthly Manufacturing Report on Business, ISM said that the report's key metric, the PMI, was 60.8 (a reading of 50 or higher indicates growth), which was 2.1% higher than January's 58.7, and matched the 60.8 PMI recorded in February 2018, with the ...
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Warren Buffett admits $10 billion 'mistake' in deal for Portland-based Precision Castparts Warren Buffett stated plainly Saturday what had been obvious for some time – he overpaid, by a lot, for Precision Castparts Corp. "PCC is far from my first error of that sort," Buffett told investors in his annual shareholder letter. "But it's a big one." Berkshire ...
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After a Two-Month COVID-19 Hiatus, LA's Historic Pink's Reopens Today LA staple restaurant Pink's Hot Dogs reopens today, ending a nearly two-month-long closure. According to Pink's co-owner Richard Pink, the temporary shutter was a safety measure for employees and customers as coronavirus infections and deaths began to ...
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Black couple feel restauranteur's apology is genuine Their post, which detailed the staff adding a gratuity to their check without asking because they "prejudged" the Black couple, went viral this weekend. The husband said in his post that he had worked for years in the restaurant business, and was taken aback to ...
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SoftBank to Write Down $1.5 Billion Greensill Investment: Bloomberg News (Reuters) - SoftBank Group Corp's Vision Fund has substantially written down its $1.5 billion investment in supply-chain finance company Greensill Capital, Bloomberg News reported on Monday, citing people familiar with the matter. The writedown occurred ...
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Cardlytics to acquire Austin-based cash-back platform for $275M Cardlytics (NASDAQ: CDLX) is set to acquire Dosh for $275 million in cash and stock. Dosh, an Austin-based startup founded in 2016, ...
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Food News: Celebrate 10 Years of Pondicheri with Special Menu Items Starting on Thursday, you can get the Southern Smoke chicken sandwich at the Montrose and Rice Village Shake Shack locations. The sandwich, pairing crispy chicken with spicy bacon jam, is a collaboration between the popular burger chain and Southern ...
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Cheerwine unleashes 'Zero Sugar' soda GREENSBORO, N.C. — Cheerwine announced an all-new drink Monday, that's popping up on shelves across the South. The Salisbury based company just unleashed "Cheerwine Zero Sugar." According to the company, the zero-sugar option from ...
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Hard Rock Hotels to redevelop former Gibson Guitar site in Kalamazoo for new hotel concept With an anticipated completion date of Fall 2023, the REVERB by Hard Rock Kalamazoo, at 225 Parsons St., would include a Body Rock Fitness gym, a bar, brewery and restaurant, banquet facility, auditorium, museum and the signing room, where many ...
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GCEDC board to consider application for $232.7M Plug Power facility at STAMP The facility would produce green hydrogen through an electrolysis process of water using clean hydropower. The production facility would produce approximately 45 metric tons of liquid hydrogen on a daily basis and sold to customers to replace fossil fuels in ...
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Tyson to Offer Vaccinations to Thousands of Workers in Iowa Tyson expects many of the employees will be vaccinated later this week during events at or near company facilities in Columbus Junction, Council Bluffs, Independence, Perry, Sioux City, Storm Lake and Waterloo, it said in a statement Monday.
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Reese's ditches chocolate for Ultimate Peanut Butter Lovers Cups HERSHEY, Pa. — As hard as it is to believe, some people don't love the chocolate part of a Reese's Peanut Butter Cup. For them, Reese's has come up with a brand new candy. For the first time ever, the company is ditching the chocolate to create the ...
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SC reports more than 740 new COVID-19 cases, 14 deaths COLUMBIA, S.C. (WCSC) - The South Carolina Department of Health and Environmental Control reported fewer than 1,000 new COVID cases Monday, a drop of more than 450 from Sunday's report. DHEC reported 740 new confirmed and 113 new probable ...
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Girl Scouts Meets Grubhub Girl Scouts Heart of Central California, which serves greater Sacramento (and 17 surrounding counties), has teamed up with Grubhub to make ordering cookies on demand easier for residents in select regions. Sacramento, Davis and Woodland are among ...
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How much COVID vaccine will state send to Central Florida? Florida will distribute nearly 450,000 doses of the COVID-19 Pfizer and Moderna vaccines from the federal government this week, with the largest single shipment — 70,000 doses — going to Publix for distribution at its retail pharmacies throughout the state.
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Rocket Lab Reaches Deal to Merge With Vector SPAC Space-transportation startup Rocket Lab USA Inc. reached a deal to go public by merging with a special-purpose acquisition company, as a wave of such deals rolls on. Rocket Lab struck a deal with Vector Acquisition Corp. that would value the U.S.-New ...
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Thomas Jefferson University says the FTC has dropped opposition to its acquisition of Einstein Thomas Jefferson University said Monday that the Federal Trade Commission had dropped its opposition to Jefferson's acquisition of Einstein Healthcare Network, a deal that will dramatically expand Jefferson's footprint in the Philadelphia market but also add ...
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Genworth Agrees to Sell Control Over Australian Mortgage Insurer What You Need to Know. Genworth entered Australia's mortgage insurance market in 1997, paying about $43 million to get in. The firm has been raising cash by selling some of its operations. The new deal could generate about $379 million in total proceeds.
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Cedar Point hiring 6500 employees for 2021 season: How you can apply The Sandusky amusement park is hosting a virtual and in-person hiring event on Saturday, March 13.
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LDH and National Guard COVID-19 testing sites for week of March 1 The more contagious U.K. variant of COVID-19 has been identified in Louisiana, and all Louisianans need to take precautions to protect themselves and their loved ones. Masks are more important than ever: CDC now says tight-fitting is better than loose, ...
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