Month: July 2020

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The so-called Wells Notices, which are not formal charges, stemmed to disclosures Under Armour made about its 2015 third quarter sales. …read more […]

Last year, the company said it was cooperating with federal investigators in connection with a probe about whether it shifted sales from quarter to quarter to meet objectives. While a Wells notice does not necessarily mean the recipients have violated any law, the SEC issues the letter to firms when it is planning to bring an enforcement action against them. A filing on Monday showed that the staff of the SEC is recommending that the regulatory body file an enforcement action against the company, founder and executive chairman Kevin Plank and Chief Financial Officer David Bergman, that would …read more […]

Business software group SAP has been selected by Moderna to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals company is developing, CEO Christian Klein said on Monday. “Moderna just selected SAP to help with distribution of the potential vaccine it is developing,” Klein told analysts on a conference call, discussing the development of SAP’s logistics and supply-chain business. Moderna Inc said earlier it has started a U.S. government-backed late-stage trial for its vaccine candidate, the first to be implemented under the Trump administration’s Operation Warp Speed anti-coronavirus programme. …read more […]

On Monday, the U.S. lowered the American flag at its consulate in Chengdu, China, as the deadline to exit approached. WSJ’s Liza Lin describes how Beijing’s shutdown of the outpost weakens an already limited U.S. presence in China. Photo: Noel Celis/AFP via Getty Images …read more […]

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AstraZeneca in June picked Emergent to help produce 300 million doses of its potential COVID-19 vaccine pledged to the United States. AstraZeneca has signed manufacturing deals globally to meet its target of making 2 billion doses of the vaccine, including with two Bill Gates-backed ventures and a $1.2 billion agreement with the U.S. government. The latest contract follows an $87 million contract in June where Emergent signed an agreement to become the development partner for AstraZeneca’s COVID-19 vaccine candidate. …read more […]

Jul.27 — Johns Hopkins Bloomberg School of Public Health Vice Dean Josh Sharfstein discusses the return of students to school and fall sports, measures to control the spread of Covid-19, and political responsibility on the virus. He speaks on “Bloomberg Surveillance.” The Bloomberg School of Public Health is supported by Michael R. Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. …read more […]

Tropical Storm Hanna has brought heavy rainfall and life-threatening flash floods to communities in southern Texas that are already facing a surge in new coronavirus cases. Meanwhile, Hurricane Douglas approached Hawaii. Photo Credit: Eric Gay / Associated Press …read more […]

Jul.27 — Greg Valliere, chief U.S. policy strategist at AGF Investments, examines the politics behind the next U.S. stimulus plan as Senate Majority Leader Mitch McConnell is expected to release details of a $1 trillion pandemic proposal on Monday. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.” …read more […]

ShopCanopy. e-commerce website: ShopCanopy. …read more […]

J.Crew was the first big retail chain to file bankruptcy in the wake of coronavirus lockdowns. But analysts say J.Crew’s struggle started years earlier, as its debt mounted and it lost touch with its customers. Illustration: Carter McCall/WSJ …read more […]

We said something last week we should say again.
Understand this concept and your odds of getting rich instantly go up.
Take advantage of it and, well, the sky is the limit… especially these days.
We’ve long said today’s students should be forced to recite seven simple words before they receive their diplomas.
“Money goes where money is treated best.”
It’s such a simple idea and yet so few folks take advantage of its simplicity. The concept is like a GPS for a lost investor.
Let’s look at gold, for instance. It’s one of the hottest assets on the planet.
Last fall, we had a hunch it …read more […]

There’s been a major selloff in FirstEnergy Corp. (NYSE:FE) shares in the week since it released its second-quarter… …read more […]

Top news and what to watch in the markets on Monday, July 27, 2020. …read more […]