As Hong Kong struggles to contain a third wave of Covid-19 infections, the government has ordered restaurants to close their dining areas and only offer takeaway services. The measure has forced hundreds of people who sleep overnight at 24-hour McDonald’s branches, so-called McRefugees, out onto the city’s streets. …read more […]
(Bloomberg Opinion) — Sinclair Broadcast Group Inc. is one of the largest television station operators in the country, with 191 stations in 89 markets broadcasting to 629 channels. For the most part, the company operates in small, conservative metropolitan locations. Most viewers aren’t likely to be aware of the Sinclair brand, because the thousands of hours of programming it produces each week air on channels affiliated with such household names as ABC, CBS, Fox, NBC, Telemundo and Univision.So when Sinclair got set to broadcast a hit piece over the weekend suggesting that Anthony Fauci, the director of the National Institute …read more […]
Tens of thousands of people continued to demonstrate against racism and police tactics in protests across the country that at times turned violent, with shootings in Texas and Colorado and officials declaring “riots” in Portland, Ore., and Seattle. Photo: Marcio Jose Sanchez/Associated Press …read more […]
Jul.27 — This year, the Arctic is on track to post the lowest ice coverage on record. That development has concerned scientists, but for companies producing and shipping oil, gas and metals, this is opening a new and shorter sea route from Northern Europe to China. Bloomberg Green’s Laura Millan discusses the developments on “Bloomberg Markets: European Open.” …read more […]
London-listed AstraZeneca said on Monday it would make an upfront payment of $1 billion to Daiichi for an experimental drug called DS-1062, which belongs to a newer class of treatments called antibody drug conjugates (ADC). The deal underscores AstraZeneca’s push to bolster its portfolio of cancer therapies, particularly ADCs – a major area of focus for the company as it also ploughs on with its coronavirus vaccine candidate. “We see significant potential in this antibody drug conjugate in lung as well as in breast and other cancers that commonly express TROP2,” said Pascal Soriot, AstraZeneca’s chief executive, referring …read more […]
Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees. …read more […]
Jul.27 — Simon French, chief economist at Panmure Gordon, discusses his outlook for gold. He speaks on “Bloomberg Markets: European Open.” …read more […]
(Bloomberg) — Ryanair Holdings Plc issued a stark assessment of the threat to airlines as they seek to rebound from the coronavirus crisis, saying it’s concerned that a series of local lockdowns followed by a second wave of infection will hold back the recovery from the pandemic.Ryanair kicked off earnings season for European carriers Monday by posting a loss for the June quarter and saying it will lose money through the rest of the summer. While the restart of flights presents opportunities, the discount giant said it’s worried the virus could continue to roil demand for months to come.“A second …read more […]
Jul.27 — Jennifer Zhu Scott, founder and partner of investment firm Radian Partners, talks about the potential of a digital currency developed by China’s central bank and the virtual legal tender dubbed Digital Currency Electronic Payment or DCEP. The People’s Bank of China is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the token’s mass adoption. Zhu Scott speaks with Rishaad Salamat and Juliette Saly on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays.Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its market value to $189 billion, while Exxon Mobil lost about $1 billion. Aramco, with a market capitalization of $1.75 trillion, is the world’s biggest company.The Indian company extended gains in early trading on Monday, rising around 2%. Reliance’s shares have jumped 46% this …read more […]
US0 stocks fell on Friday as relations with China worsened and Senate Republicans delayed their COVID-19 relief package. …read more […]
Jul.27 — Chinese authorities entered the main gate of the U.S. consulate in southwestern city of Chengdu Monday morning, China’s foreign ministry says in a statement. Meanwhile, U.S. officials said Friday they have custody of a Chinese researcher who had taken shelter at the country’s consulate in San Francisco after she was charged with trying to hide her military background. Jodi Schneider reports on “Bloomberg Markets: Asia.” …read more […]
Stocks fell on Friday, adding to a sharp decline from the previous session, as tensions between the US and China keep rising and tech shares struggled once again. …read more […]
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