Experts: Coronavirus vaccine will take more than a year to create

Hong Kong (CNN Business)For the first time in years, Japan has the fastest supercomputer in the world and it’s being used to research the spread and treatment of the novel coronavirus. Fugaku, which was developed by Fujitsu (FJTSF) and government research institute Riken, ranked first in the Top500 list of global supercomputers, Fujitsu and Riken announced on Tuesday. It marks […]

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Navarro Knee-Jerk Shows How Sensitive Markets Are to Trade Talk

Global investors were taken on a roller-coaster ride Tuesday as a comment on U.S.-China trade from White House adviser Peter Navarro sowed confusion and sent assets whipsawing. Risk assets slumped and havens jumped as traders appeared to take from a Navarro Fox News interview that January’s U.S.-China trade agreement was over. The moves reversed just as quickly after Navarro said […]

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Global Markets Face Reckoning With Risks Coming True All at Once

Markets may be headed for a wake-up call as the hypothetical risks that investors brushed aside to fuel a global rally become a reality. Some nations that eased lockdowns are seeing Covid-19 infections rise, tension between the U.S. and China is growing, corporate finances are faltering — which should make the next earnings season particularly painful. And the U.K. seems […]

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BoJ Holds Monetary Policy Steady, Boosts Covid-19 Lending Program

Japan’s central bank kept its key interest rate unchanged and expanded the size of the coronavirus lending program on Tuesday to support the coronavirus pandemic-hit economy. The Policy Board of the Bank of Japan voted 8-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank. The bank will continue to […]

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$1 Trillion Task at BOE Is Daunting Ambition for Era of Bailey

Andrew Bailey is wagering that the Bank of England can eventually achieve a stimulus withdrawal that neither his predecessors nor his counterparts ever really dreamed was possible. Only 100 days in office this week, the new governor has already set out a daunting ambition reminiscent of the bold declarations of his predecessor, Mark Carney, by suggesting the institution should ultimately […]

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China should be accountable for coronavirus: Mnuchin

Steven Mnuchin: Trump’s tariffs led to a US-China trade deal Treasury Secretary Steven Mnuchin argues former National Security Adviser John Bolton’s book is ‘full of inaccuracies’ and touts President Trump’s trade initiatives with China and says now is not the time yet when America decouples from the country. Treasury Secretary Steven Mnuchin said Monday that there is a push within […]

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‘Profoundly disappointing’: KitKat cuts ties with Fairtrade

KitKat has severed its ties with Fairtrade, despite the organisation behind the scheme warning that thousands of farmers would be hit by the move. The boss of Fairtrade said Nestle’s decision to cut its 10-year association with the non-profit organisation was “profoundly disappointing”. The Swiss-owned food giant said it would now source its cocoa for KitKat bars from farms on […]

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FDA Nod For JAZZ’s Drug, BYSI’s PROTECTIVE-2 Trial Meets Goals, EDSA To Begin COVID-19 Drug Trial

Today’s Daily Dose brings you news about Momenta Pharma’s positive results from myasthenia gravis trial; BeyondSpring’s phase III trial results of Plinabulin in chemotherapy-induced neutropenia; Edesa’s progress in COVID-19 drug trial; FDA approval of Jazz Pharma’s Zepzelca and Celldex Therapeutics’ stock offering. Read on… 1. BeyondSpring’s PROTECTIVE-2 Trial Meets Goals BeyondSpring’s (BYSI) phase III trial evaluating drug candidate Plinabulin in […]

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AOC spends $6M ahead of NY primary as she braces for first reelection bid

AOC primary challenger: She has driven jobs out of New York New York Congressional Candidate Michelle Caruso-Cabrera argues her focus on jobs and not on ‘divisive’ policies will help her get the edge on Rep. Alexandria Ocasio-Cortez, D-N.Y., in the upcoming congressional election. Rep. Alexandria Ocasio-Cortez, who faces the first electoral challenge of her congressional tenure on Tuesday, has spent […]

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