Regeneron’s chief executive said US President Donald Trump ticked all the boxes to qualify for receiving the biotech’s antibody treatment on a compassionate use basis. Leonard Schleifer said Regeneron had a “principled approach” to allowing patients to be treated with the drug, which has not yet been approved, outside of clinical trials. New York City
Investing
Tax Deductions That Went Away, Starting With 2018 Taxes The Tax Cuts and Jobs Act (TJCA) was signed into law in 2017 by President Trump. The Act nearly doubled the standard deduction and eliminated—or limited—many itemized deductions. The effect of the tax reform was that people who used to itemize on Schedule A took the
Two female Pimco employees have filed a gender and racial discrimination lawsuit against the $2tn US asset manager, alleging that managers at the company deliberately created intolerable working conditions in an effort to force both women to leave. Female professionals working for Newport Beach-based Pimco face “discrimination in pay and promotion, and suffer other unequal
The controversial disciplinary chamber of Poland’s Supreme Court has revoked the immunity of a judge who has been an outspoken critic of the government’s judicial overhaul, amid a deepening clash between Warsaw and Brussels over the rule of law. The removal of Igor Tuleya’s immunity relates to his involvement in a contentious case three years
Many investors are hesitant to buy individual commodities, but exchange-traded funds (ETFs) make this area accessible to a broader range of investors. Commodities can be a useful hedge against inflation, and they help diversify investment portfolios beyond more traditional stocks and bonds. Commodities such as silver and palladium also are seen as safe havens in
Pfizer and BioNTech said they would submit their Covid-19 vaccine for US and EU emergency approval “within days”, after new data showed it was even more effective than previously reported. The jab was found to have an efficacy rate of 95 per cent, the companies said, matching results released this week by vaccine rival Moderna.
Apple will halve the rates that small businesses have to pay to use its App Store, as it faces growing unrest over the size of its cut. The iPhone maker said it would charge app developers 15 per cent commission, instead of 30 per cent, if they earned less than $1m in 2020. Developers whose
On Nov. 12, 2020, President Donald Trump signed an executive order forbidding U.S. investors from investing in companies that he designated “Communist Chinese military companies.” The ban takes effect at 9:30 a.m. on Jan. 11, 2021 and currently includes 31 companies listed here. China’s economy has expanded at a torrid pace in recent decades to become
Tesla is joining the S&P 500 in December, but given the electric vehicle company’s size, adding it to the index is no easy feat, said CNBC’s Jim Cramer. “I think they’re baffled,” he said Tuesday of the index provider S&P Dow Jones Indices. “I really don’t think they know how to handle this … they
Donald Trump has fired the top US election security official after he contradicted the president by saying that the November 3 election had been the “most secure” in history. Mr Trump ousted Chris Krebs, director of the Cybersecurity and Infrastructure Security Agency, on Tuesday in the latest purge of an official who had contravened the
Peter Wells The US on Tuesday reported a single-day increase in deaths on par with levels previously experienced in May, while hospitalisations again climbed to a new peak. States attributed a further 1,565 deaths to coronavirus, according to Covid Tracking Project data, up from 581 on Monday, and compared with 1,347 on Tuesday last week.
Telecommunications companies use various technologies to transmit information globally. Some of the largest companies in the telecommunications sector provide fixed-line telephone and wireless services, as well as Internet data and video communications. The telecommunications sector is changing rapidly. Traditional technologies such as wireline telephone, radio, and television once dominated the telecommunications universe, but wireless mobile
Relativity Space’s third generation 3D-printer in its new headquarters, with CEO Tim Ellis standing by for scale. Relativity Rocket builder and 3D-printing specialist Relativity Space is raising $500 million of fresh capital in a new round being led by Tiger Global Management, people familiar with the financing told CNBC on Tuesday. The new fundraise, expected
Deutsche Börse has agreed to buy a majority stake in Institutional Shareholder Services in a deal that values the shareholder advisory group at €1.9bn and marks the latest in a string of deals among the world’s largest exchanges. The German group said on Tuesday that it will buy an 80 per cent stake in ISS,
US equities slipped on Tuesday after disappointing consumer spending data added to worries about rising coronavirus infections. The S&P 500 fell 0.4 per cent in mid-afternoon trade, a day after optimism about the prospect of a Covid-19 vaccine drove the benchmark to a closing high. The tech-heavy Nasdaq Composite was 0.1 per cent lower, and
If you have an asset, you can probably get a loan against it. Your paycheck, your tax return, your home, your 401(k), and, yes, even your pension if you’re one of the relatively few people who still have one. If you’ve never heard of a pension advance, consider yourself lucky. They’re also called pension sales,
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in
My first thought was “only in Washington”. My second was “where can I get one?” As fans of Joe Biden cheered his election win near the White House two weekends ago, a journalist photographed one who was cloaked in a Nato flag. That minatory compass on a blue background would have stood out against the
FT premium subscribers can click here to receive Trade Secrets by email Greetings from Tokyo. The big news in Asia is the long-awaited signing of the Regional Comprehensive Economic Partnership (RCEP), a sprawling free trade deal that takes in the 10 members of the Association of Southeast Asian Nations along with Australia, China, Japan, New
When it comes to the world of investing, most people don’t know where to start. Fortunately, great investors of the past and present can provide us with guidance. These investment quotes date back to Ben Franklin, and some are from modern experts like Dave Ramsey and Warren Buffett. The 25 quotes here were selected for
Jay Clayton, who has led the Securities and Exchange Commission for the past three and a half years that included a number of major changes in financial markets, said Monday he will step down at the end of the year. “Working alongside the incredibly talented and driven women and men of the SEC has been
Edward White and Song Jung-a The South Korean government has reinstated tougher social distancing and virus protection measures in Seoul following a resurgence in coronavirus transmission. The move means school attendances will be capped at two-thirds of students and activities at high-risk and multi-use facilities such as restaurants will face restrictions. The rules apply across
If you asked most people to envisage a whisky drinker, chances are Jessica Anwar would not be it. Thirty-two, married, mother of one, with a chain of fitness studios in Singapore and Hong Kong and a taste for vintage Chanel, the wellness entrepreneur defies the stereotype. Yet she’s the co-owner, along with her 29-year-old brother
Despite stocks plunging and high volatility in the market, 2020 has also seen continued growth within the exchange traded fund (ETF) market. The top five issuers of ETFs alone each have $100 billion or more in assets under management (AUM). In addition to overall growth, there have been other new developments and trends in the
Gregg Lemkau, co-head of investment banking for Goldman Sachs & Co. Christopher Goodney | Bloomberg | Getty Images Goldman Sachs is losing one of its top dealmakers. Gregg Lemkau, a nearly-three decade veteran of the bank and co-head of its powerhouse investment banking division, is leaving Goldman at the end of the year, according to
US stocks were on track to set another record closing high on Monday, after biotech group Moderna revealed trial data that showed its coronavirus vaccine was highly effective. Wall Street’s benchmark S&P 500 index was up 0.8 per cent in afternoon trading, following European stocks higher. The tech-heavy US Nasdaq Composite advanced 0.4 per cent.
Insurance companies disputing a judgment in favour of small businesses seeking millions of pounds in payouts for coronavirus disruption told the Supreme Court on Monday that the earlier ruling was based on fundamentally flawed arguments. In a fast-tracked appeal of an earlier High Court judgment — which largely ruled in favour of up to 370,000
Canopy Growth Corp. (NYSE: CGC; TSX: WEED) is a Canada-based holding company that produces, distributes, and sells a variety of cannabis and hemp-based products for medical and recreational use. Its products include dried flower, hemp, vape pens and cartridges, THC- and CBD-infused beverages, and edibles. Founded in 2013, Canopy Growth faces competition from a large
US biotech Moderna said its Covid-19 vaccine had shown 94.5 per cent efficacy in clinical trials, in the second positive set of results for a potential coronavirus shot in the past eight days. Last week, US giant Pfizer and Germany’s BioNTech also said their vaccine, which uses the same messenger RNA technology, was found to
Canada’s Endeavour Gold will seek a London listing after agreeing a $1.86bn all-stock deal to merge with rival Teranga Gold in a move that could pave the way to entering the FTSE 100 index. The west Africa-focused miner, whose largest shareholder is Egyptian telecoms billionaire Naguib Sawiris, said the new company would become London’s largest