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The Latest: WHO gives authorization to Sinovac vaccine WHO's authorization means the vaccine can be bought by donors and other U.N. agencies for use in poorer countries, including in the U.N.-backed initiative to distribute COVID-19 vaccines globally known as COVAX.
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While the US Worries About Inflation, Growth Elsewhere Faces Lasting Damage Globally, the economic outlook has improved, thanks to the ramp-up in vaccinations. On Tuesday, the Organization for Economic Cooperation and Development upgraded its forecasts for growth in world gross domestic product to 5.8% ...
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Top Credit Suisse FIG banker in Europe to join Jefferies -sources Switzerland's second-largest bank is struggling to retain staff after trimming bonuses to tackle losses of more than $5 billion stemming from the collapse of U.S. investment firm Archegos and damage caused by Greensill Capital's insolvency. Armando ...
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Zoom Video faces true test of pandemic growth Earnings preview: Outlook may be the number investors are looking for, even if Zoom posts its first billion-dollar quarter. Zoom founder Eric Yuan poses in front of the Nasdaq building on the stock's first day of trading on April 18, 2019 in New York City.
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Amazon warehouse workers injured at higher rates than rival companies, study finds In 2020, for every 100 Amazon warehouse workers there were 5.9 serious injuries, which is nearly 80% higher than the serious injury rate at non-Amazon warehouses, the Strategic Organizing Center wrote in a new report published Tuesday.
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Eurozone inflation up sharply as economies reopen It comes as Covid restrictions across Europe were scaled back, boosting economic activity. The figure plays into a debate about whether inflation after the pandemic could become a serious problem.
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Delivery Apps Are Making Concessions to Restaurants. But Who Pays? Nossa, a southern Brazilian restaurant in Los Angeles, opened in January when the city was still in lockdown. At that time, offering food to go was the only option, and director of operations Xandre Borghetti was happy to use big delivery companies to support ...
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Meat Plant Shutdowns Are Spreading After a Cyberattack on JBS JBS's beef plant in Canada, one of the nation's largest, was shut down on Monday following the May 30 attack. The company's slaughter operations in Australia had been halted, a trade group said. A number of plants in the U.S. have been shut and shifts ...
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US Manufacturing Soars in May, With New Orders Hitting a Record Level, Though Prices Rise "U.S. manufacturers are enjoying a bumper second quarter, with the PMI hitting a new high for the second month running in May," IHS Markit Chief Business Economist Chris Williamson said in a statement. "Inflows ...
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Here's everywhere Chad Johnson ate in Houston and the crazy tips he left Former NFL star receiver Chad Johnson – perhaps better known as Ochocinco – is leaving Houston on Tuesday night after spending a week in town training with boxer Jermall Charlo. Judging from his Twitter timeline, Johnson got in plenty of work in ...
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In The War Between Square, PayPal And Shopify, Banks Are Collateral Damage Square announced a partnership with Google's Merchant Center that will: "Make it easier for Square sellers to reach new customers through direct product listings on Google. Square for Retail merchants can now have products from their businesses populate ...
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Chip giants are making more money than ever as the semiconductor shortage rages Around 57% of the world's chip foundry revenues in the last quarter were generated by one Taiwanese chipmaker: the Taiwan Semiconductor Manufacturing Corp. Elsewhere, Taiwan's United Microelectronics Corporation saw its quarterly revenues climb 5% ...
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'We are struggling to find employees to help us keep up,' manufacturers tell ISM The numbers: American manufacturers have been flooded with new orders for cars, computers, furniture, appliances and all sorts of goods, but they are struggling to keep up amid widespread shortages of supplies and labor. The Institute for Supply ...
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Do vaccine incentives work? Krispy Kreme says giving away 1.5 million free doughnuts has helped What will it take to convince people to get vaccinated against Covid? From free doughnuts to million-dollar payouts, public and private groups are trying it all. Back in March, Krispy Kreme was one ...
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Supreme Court rejects Johnson & Johnson's appeal of $2 billion penalty in baby powder cancer case The Supreme Court turned back an appeal from Johnson & Johnson seeking to undo a $2.1 billion damages award against it over allegations that asbestos in its talc powder products, including baby powder, caused women to develop ovarian cancer. The top ...
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PPP's Crazy Final Days When the Small Business Administration shuttered the Paycheck Protection Program for all lenders other than community financial institutions earlier this month--three weeks before the forgivable loan program's May 31 end date --it sent shock waves through ...
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$199 million with a side of mayo: Kraft Heinz plant investment will return condiment production to UK Kraft Heinz said plans for the Kitt Green plant are designed "to meet the demand from a new generation of U.K. consumers," by adding production of Heinz tomato ketchup, mayonnaise and salad cream, which have been produced in the Netherlands since 1999 ...
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Abbott Warns Demand for Covid-19 Tests Is Dropping Fast As the pandemic eases in much of the world, the need for Covid-19 tests is falling. Demand is dropping fast enough that Abbott Laboratories (ticker: ABT), a major manufacturer of rapid Covid-19 tests, is now sharply cutting earnings guidance for the year, the ...
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Fed's Quarles: Still expects inflation jump will be transitory WASHINGTON (Reuters) - Fed vice chair for supervision Randal Quarles said Tuesday a recent jump in inflation will prove transitory, even as the Fed's preferred measure for the pace of price increases jumped in April to 3.1%, well above the Fed's 2% target.
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US construction spending rises moderately in April U.S. construction spending increased less than expected in April as gains in private homebuilding were blunted by losses in outlays on nonresidential structures and public projects. The Commerce Department said on Tuesday that construction spending rose ...
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SPAC Merger Madness with 21 Deal Votes in June SPAC investors should expect June to play out similar to how May ended -- light on-going S-1, IPO, and deal activity; pre-deal SPACs at a discount; limited IPO and deal pops; and heavy downward pressure on de-SPACs. But, the good news is that the June ...
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Amgen pays $400M for an eczema drug, putting faith in an old partner Dive Brief: Amgen agreed to pay Japanese drugmaker Kyowa Kirin as much as $1.25 billion to gain access to an experimental eczema drug the companies claim has the potential to treat a range of autoimmune diseases ...
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Intact Financial Corp. and Tryg Complete Acquisition of UK's RSA Insurance Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals. Toronto-based Intact retains RSA's Canadian, UK and International entities, while Tryg, which is ...
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First Midwest and Old National announce $6.5 billion bank merger First Midwest Bank and Indiana-based Old National Bank announced a $6.5 billion merger Monday that will create a regional bank with $45 billion in combined assets — and end the First Midwest name. The all-stock "merger of equals" will move ...
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Hallador Energy Shares Climb After Renewable Generation Push Indiana-based Hallador said it would join with generation and transmission company Hoosier Energy Rural Electric Cooperative Inc. to develop new generation near the Merom Coal Generation Station in Sullivan, Ind., that Hoosier Energy expects to retire in ...
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BridgeBio Pharma, Helsinn Group Get FDA Approval for Truseltiq By Chris Wack. BridgeBio Pharma Inc. said its QED Therapeutics Inc. affiliate and Helsinn Group got approval from the U.S. Food and Drug Administration for Truseltiq infigratinib to treat patients with bile-duct cancer. The company said Truseltiq is an orally ...
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Amazon to help during hurricane season with quick delivery of disaster relief supplies With an active season in mind, Amazon and the Red Cross are hoping a brand new disaster relief hub and partnership will allow for a faster response to locations hit by hurricanes and other natural disasters. " ...
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Immutep in Collaboration, Supply Agreement With Merck KGaA By Chris Wack. Immutep Limited is in a new collaboration and supply agreement with Merck KGaA, Darmstadt, Germany, for a Phase I/IIa clinical trial in patients with solid tumors. The biotechnology company said the trial will evaluate the feasibility, safety and ...
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Payments fall in May, crypto self-regulation, Amazon's satellite Internet Good evening, The number of people using digital payments has shot up since the start of the pandemic. Despite this, the volume and value of transactions on most platforms fell from April to May, showing just how hard the second wave has hit India's ...
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Fact Check-Sweden has not stopped using PCR tests The Swedish government has not suspended PCR testing to identify COVID-19. The false claim appeared in May on Facebook and Instagram with a screenshot that reads: "Sweden stops using PCR tests. The PCR technology cannot distinguish between ...
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Millennial Money: She crushed $20K+ in debt at age 24 With over $195,000 in student loan debt, Annika Hudak saw little harm in swiping her credit cards. "I was in the mindset that I'm going to be in debt forever, so what's a couple of thousand dollars here," says Hudak, 25, a product analyst in Oregon.
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Costco bringing back free samples in full, food court seating Costco is planning to bring back its free samples in full and also reopen food courts in its stores, the retailer announced in last week's earnings call. The free samples had been pre-packaged for the last several months due to the COVID-19 pandemic. Now ...
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Clarus to Buy Australia's Rhino-Rack for $198 Million >CLAR By Colin Kellaher. Clarus Corp. on Tuesday said it agreed to buy Rhino-Rack Pty. Ltd., an Australia-based maker of automotive roof racks and other accessories, for about $198 million in cash and stock. The Salt Lake City, Utah, maker of outdoor equipment ...
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Airline stocks in broad rally after Memorial Day travelers reaches pre-pandemic levels That total included 1,959,593 travelers on Friday, the highest daily total since March 7, 2020, or before the World Health Organization declared the COVID-19 outbreak a pandemic on March 11, 2020. There were 1,900,179 travelers on Monday, according to the ...
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eBay sellers can no longer use PayPal under new terms EBay's forums have several posts from sellers who say they are reluctant to use the new system and give eBay direct debit access to their personal bank accounts. But the new terms, effective ...
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Canada GDP Rose 5.6% in 1Q By Kim Mackrael. OTTAWA--The Canadian economy advanced in the first quarter but fell short of market expectations as parts of the country were under economic restrictions to deal with a second wave of Covid-19 infections. Canada's gross domestic ...
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Amazon Sidewalk will share your internet connection; here's how to opt out According to the company, Amazon Sidewalk is a shared network that's supposed to help its devices (Amazon Alexa, Echo, Ring doorbell, security cameras, tile trackers, etc.) retain connectivity, even if a home's internet signal is weak or not working.
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TfL forced to develop plan for driverless tube trains in return for £1bn bailout The Rail, Maritime and Transport (RMT) union reacted with fury to the news, calling driverless trains "unwanted, unaffordable and unsafe". The union is ...
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CNN ramps up streaming push as Discovery merger looms The service, known internally by the working title CNN+, is slated to feature new shows from the network's major anchors, including Anderson Cooper and Don Lemon, according to people familiar with the matter. Those shows ...
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You can now try on clothes again in Target fitting rooms The retailer, like many others, closed fitting rooms more than a year ago due to the coronavirus pandemic. "We'll continue to frequently disinfect and clean our stores throughout the day, as we ...
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Mortgage refinance rates on June 1, 2021: Rate ticks higher In addition, the average rate on 10-year fixed refinance shrank. Although refinance rates are always changing, they have been quite low recently. Because of this, right now is an optimal time for homeowners to lock in a good refinance rate.
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Klarna shrugs off bank threat as it signs up A$AP Rocky as investor Buy now, pay later giant Klarna has shrugged off the growing competition from banks including its local partner the Commonwealth Bank, saying it wants to be a shopping platform rather than a mere payments business. In a sign of how the Swedish rival to ...
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Longtime Midtown Restaurant Einstein's Is Now Closed on Juniper Street "Einsteins hosted its final service this past weekend and has now closed for regular dining," a statement provided to Eater from restaurant group Metrotainment Cafes reads. "The restaurant and space will be available for private ...
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Vietnam's Ho Chi Minh exchange suspends trading due to overload HANOI: Vietnam's main Ho Chi Minh Stock Exchange (HOSE) said in a statement it had halted trading on Tuesday (Jun 1) afternoon after a surge in orders prompted concerns over market stability. The market registered a 50 per cent jump in share trading ...
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New York lifts indoor dining curfew for restaurants, bars A midnight curfew for New York bars and restaurants officially ended on Monday, another major milestone as the state gradually reopens from the coronavirus pandemic induced shutdown. Gov. Andrew Cuomo announced in April that the longstanding ...
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US Milestone: Jones Act Wind Farm Installation Vessel Secures First Charter US energy company Dominion Energy, Ørsted and Eversource have agreed for Ørsted and Eversource to charter Dominion Energy's Charybdis, the first Jones Act-qualified offshore wind farm installation vessel in the United States, for the construction of two ...
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Singapore's Tiga Investments, KKR to acquire co-working office operator The Executive Centre It is an office space provider operating in 14 markets, including Greater China, Japan, South Korea, Southeast Asia, Australia, India, Sri Lanka, and the Middle East. Some of its offers include private serviced offices, coworking spaces and virtual offices equipped ...
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Porsche-built Mercedes-Benz 500 E now 30 years-old That's right. In 1988, Mercedes-Benz (then Daimler-Benz AG) awarded Porsche AG the development contract for the 500 E, a high-performance variant that was to be equipped with a 5.0 litre V8 engine plucked from the 500 SL.
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Study: 33% of breast cancer patients diagnosed in later stages in Oman The study was conducted mainly to raise awareness about breast cancer symptoms, time it takes for symptoms to show up and the factors that lead to delay or diagnosis. It was conducted from November 2018 to April 2019 ...
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