Moderna (MRNA) said on Sunday that it has been awarded up to $472 million by the U.S. Biomedical Advanced Research and Development Authority (BARDA) to support late stage clinical development of its mRNA vaccine candidate (mRNA-1273) against COVID-19. The U.S. grant will be used to fund the drugmaker’s expanded Phase 3 study of mRNA-1273, which includes 30,000 participants
Warren Buffett–the man, the myth, the legend in investing–has become quite a sought-after contact for the investing world. Whether for speaker events, seminars, or with simple questions, you’ll be hard pressed to find Warren Buffett’s email or house address personally. However, while Warren Buffett himself is very difficult to contact personally, it is possible to
Cyber-attacks on maritime installations soar during pandemic Operators of ships, oil rigs and seaports are facing a huge rise in cyber-attacks during the coronavirus pandemic, as employees working from home expose installations to outside penetration, computer security experts say. While cyber-attacks in all sectors have increased during the pandemic — a June survey by cybersecurity
HSBC has denied “setting traps to ensnare” Huawei after the bank was dragged into the clash between Washington and Beijing over the global expansion of the Chinese telecommunications group. In the British-headquartered bank’s first public comments on the controversy, it rejected allegations in Chinese media on Saturday that it tried to entrap Huawei in the
The Dash Core Group plans to release another update for its Dash platforms near the end of August, the company announced. The group recently came out with its third release for its newly defined process. New functionalities to the Dash platform are released every six weeks so the next will launch between August 25 and
During the last two weeks, I’ve been roaming around the virtual world Decentraland in order to get some perspective on the platform supported by the Ethereum Blockchain. The following is a review of my experience in Decentraland and observing all that has been built since it was invoked over four years ago. Four years ago,
When federal “regulators” go boldly where no regulator has ever gone before–to promote retirement … [+] gambling, WATCH OUT! getty Private equity—speculative investments in the stocks of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary recently gratuitously advised. Trump’s SEC Chairman Jay Clayton
After 15 straight weeks of slowly descending while remaining historically elevated, initial jobless claims grew in the week ended July 18, leading some analysts to suggest the U.S. economic recovery appears to be “stalling.” Claims edged higher to a seasonally adjusted 1.416 million from the previous week’s upwardly revised level of 1.307 million, originally reported
Review and Preview Silver prices just made their biggest weekly advance since the 2008 collapse of Lehman Brothers, but the run-up has been largely eclipsed by smaller gains in gold prices. The less-valuable metal climbed 20 percent over the past week to $23 an ounce, an increase of more than 94 percent from its bottom
There’s even the possibility of silver going as high as $300 in the near future… Keith Neumeyer interviewed by Josh Sigurdson of World Alternative Media Josh Sigurdson talks with Keith Neumeyer about the rise of silver and the potential for the precious metal to reach more than $100 an ounce! There’s even the possibility of
COVID-19 wasn’t always the talk of the Street. The rapid pace of climate change has made finding renewable energy sources and limiting pollution more important than ever before, and as such, the spotlight has landed on electric car companies. Already making some serious headway, demand is expected to persist in the long-term as more and
by Arkadiusz Sieron of Sunshine Profits European leaders stroke a historic deal that could be a game-changer and provide a support for the euro and gold against the U.S. dollar. Historic deal. Pivotal moment for Europe. On Monday, the EU leaders agreed on a massive economic stimulus plan, after a long and crotchety summit. If passed through the
What Is a Limited Purpose Flexible Spending Account (LPFSA)? A limited purpose flexible spending account (LPFSA) is a special type of flexible spending account (FSA) that may be available to consumers that have enrolled in a health savings account (HSA). An HSA is a type of savings account that lets consumers set aside money on
Europe’s biggest banks are set to unveil another huge round of provisions for loan losses, as they take stock of the damage wrought by Covid-19 around the globe. The largest UK, Swiss and eurozone lenders are expected to provision at least €23bn for the second quarter as they report earnings in coming days, according to
High street casual dining chains have “no future” after coronavirus, according to the entrepreneur who turned PizzaExpress into the UK’s first midmarket restaurant chain. Hugh Osmond, who with fellow entrepreneur Luke Johnson took PizzaExpress public and expanded the chain to more than 200 sites during the 1990s, said private equity firms buying casual dining businesses
A proposal by U.S. regulators to change hedge-fund reporting requirements will make it harder to detect crowded trades, according to Goldman Sachs. The SEC wants to boost to $3.5 billion from $100 million the required amount in equity holdings traded on U.S. exchanges before a hedge fund needs to file a 13F form. The agency
Crypto exchange Poloniex announced it has added the DeFi token Decentr to its DeFi Innovations Zone. Decentr, an immutable platform that collects and secures user data, allows people to monetize their internet activity. Its native toke, DEC, is used to buy and sell data and, according to Poloniex, “helps to determine the value of users’
Gary Sinise channeled his paraplegic Lt. Dan character from Forrest Gump into a foundation that … [+] builds accessible homes for wounded warriors. Gary Sinise Foundation If you’re a wheelchair user or have other physical conditions that impact your use of public and commercial spaces, July 26 is a date worth celebrating. Thirty years ago
Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed digital currencies or stablecoins promises a new payment innovation
Beach deck chair against a backdrop of Two Brothers Mountain in Rio de Janeiro, Brazil at sunset getty It’s the $1 million question for those nearing retirement. How much can you spend each year without running out of money? It’s a question I examine in my book, Retire Before Mom and Dad. The answer most commonly
Senate Minority Leader Chuck Schumer, D-N.Y., on Thursday said the Republican legislative response to COVID “is ununified, unserious, unsatisfactory.” Bloomberg News Senate Republicans are considering a negotiating strategy that will not provide additional aid to state and local governments in the next package of coronavirus emergency relief they will propose to House Democrats. Senate Republican
I think the market has already priced in an additional $1 trillion stimulus from the Fed, says the Managing Director and Global Head of Rates Strategy at TD Securities. What has happened to the technology stocks? They have been up for the large part of the last month and then suddenly we see all the
For those who like to own physical metals and miners, sit tight and wait to buy the dip after it has bottomed. There’ll be plenty of upside thereafter… by David Brady via Sprott Money Gold has decided to go up and test its 2011 peak of 1923. As I said last week, the week before,
LabCorp (LH) said that the U.S. Food and Drug Administration (FDA) on Friday granted its diagnostic antibody test emergency use for anyone whether they have COVID-19 symptoms or not. In addition, the FDA allowed LabCorp’s COVID-19 RT-PCR test to be used for pooled sample screening. The company’s matrixed pooled strategy for COVID-19 allows for larger groups
Obtaining permanent residency status–or gaining citizenship in a foreign county–may seem like a good idea for those who no longer want to live in the country where they were born or whose passport they hold. But some nations make that transition especially difficult unless you marry a citizen of that country (or, in some cases,
Kim Jong Un has isolated the border city of Kaesong from the rest of North Korea because of coronavirus fears, marking the first time the secretive state has admitted the global pandemic has potentially breached its borders. The North Korean dictator has declared a state of emergency in the city, and has taken measures “totally
The writer, a former head of the IMF’s European department, is chief economic adviser at Morgan Stanley After an epic EU summit, the €750bn facility to aid members worst hit by the pandemic is almost in hand, lacking only formal ratification. Its fraught negotiations centred on issues such as the split between loans and grants,
Stifel has signed on four ex-Wells Fargo advisors who managed a combined $445 million in client assets at their old firm, according to a statement by the company. The team of Person Wright Financial Group, which makes up three of the four new recruits, includes Jesse Wright, Bryan Person and his son, Alex Person. They
As the human race evolves, our means of exchanging value also continuously develops. From the barter system that dates back to 6,000 B.C. to the present-day use of fiat currency, the human race has been on a nonstop journey toward creating more efficient exchange methods. Factors such as convenience, availability, stability and sustainability have played
When owners and tenants negotiate a lease amendment, they have to be careful about some concerns … [+] that are not obvious. ranjan samarakone Owners, tenants, and their attorneys and other advisers have lately spent a lot of time renegotiating leases to give tenants some breathing room in today’s virus-driven shutdowns. Those negotiations tend to