Investing

Dow component Pfizer Inc. (PFE) and junior partner BioNTech SE (BNTX) have chosen their BNT162 mRNA-based vaccine candidate for advanced trials, following positive results that raise hopes for a COVID-19 vaccine. The companies have already inked deals with Canada and Japan to supply millions of doses if the compound reaches the manufacturing stage, ensuring profitability.
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Leaders of a new Thai pro-democracy movement are publicly criticising the powerful monarch King Maha Vajiralongorn, violating a deeply embedded taboo and risking jail in the south-east Asian kingdom.  The protesters, who are mostly university and high school students, have held demonstrations in more than half of Thailand’s 77 provinces, according to organisers and human rights
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A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its  Starlink unit
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An option is a financial instrument whose value is derived from an underlying asset. Purchasers of call options gain the right, but not the obligation, to buy the underlying asset (such as a stock) at a predetermined strike price on or by a predetermined expiration date. All options contracts give the holders the right, but not the obligation,
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Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S.
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What Is Capital Budgeting? Capital budgeting involves choosing projects that add value to a company. The capital budgeting process can involve almost anything including acquiring land or purchasing fixed assets like a new truck or machinery. Corporations are typically required, or at least recommended, to undertake those projects that will increase profitability and thus enhance
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What is the future of batteries? From smartphones to drones to electric cars, the current source of energy is the lithium-ion battery. But start-ups in Japan are battling to create high-performance power packs that could become the next global standard. In the port city of Yokohama, a company’s phone never stops ringing. “Can we test the performance?” “We want
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Investing in foreign assets has proven the merits of diversification, and most individual investors take advantage of the benefits of international assets. However, unless the foreign securities have been issued in U.S. dollars, the portfolio will experience currency risk. Currency risk is the risk that one currency moves against another currency, negatively affecting an investment’s
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TikTok is the go-to social media app for American teens, the place where they post their latest dance videos, slam dunks, or — in the case of those who used it to try to thwart US president Donald Trump’s June rally in Tulsa — conduct their political activism. It has also become the centre of
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Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
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Revenue generated from drug production in the United States has more than doubled in the past 10 years. In 2016 alone, the U.S. brought in more than $328.6 billion in prescription drugs sold in retail outlets. The major key to this high revenue is repetitive price increases. Drug companies have an unusual ability to function
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Russian discount grocery chain Magnit says a coronavirus boost to revenues has accelerated its turnround and helped it resume its challenge to market leader X5. Chief executive Jan Dunning told the FT that Magnit’s growth after several consecutive quarters of declining sales was vindication of its efforts to focus on customer experience and offer lower
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President Donald Trump has signed four executive orders aimed at helping Americans cope with the economic fallout from the pandemic, following the collapse in talkswith Democrats over a Congressional rescue package. Mr Trump approved one order that would partly renew unemployment benefits that were included in a previous stimulus package which expired last month. He
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