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Twilio To Power New York’s COVID-19 Contact Tracing Initiative; Shares Jump 7.5%

May 24, 2020 admin Comments Off on Twilio To Power New York’s COVID-19 Contact Tracing Initiative; Shares Jump 7.5%

Twilio (TWLO) announced that it will provide the communications platform to power New York City’s coronavirus contact tracing initiative sending shares up 7.5% on Friday.The cloud communications company said that New York City’s Department of Information Technology & Telecommunications (DoITT) is planning to deploy a cloud-based contact center on Twilio Flex to call, message or email COVID-19 patients, educate them on the virus, and identify their close contacts through self-reporting. Terms of the deal weren’t disclosed.The platform also provides messaging-based alerts using Twilio Voice, SMS, email or WhatsApp that prompt patients to fill out secure surveys on their symptoms. As …read more […]

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Emerging Markets Are Stumbling as Old Bugbear Gatecrashes Party

May 24, 2020 admin Comments Off on Emerging Markets Are Stumbling as Old Bugbear Gatecrashes Party

(Bloomberg) — Just as early bets on an emerging-market recovery start fueling appetite for stocks and currencies, an old bugbear is reappearing to haunt investors: U.S.-China tensions.MSCI’s emerging-markets stock gauge moved into the red last week as China announced plans to impose a national security law on Hong Kong, deepening the friction between Washington and Beijing. Signs are mounting that President Donald Trump will make his tough-on-China stance a key element of his re-election bid. China’s Foreign Minister Wang Yi said Sunday some Americans are pushing the two countries toward a “new Cold War.”“The market mood had been rather constructive …read more […]

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Gilead’s Remdesivir Most ‘Beneficial’ In Covid-19 Patients Who Need Extra Oxygen, Study Shows

May 24, 2020 admin Comments Off on Gilead’s Remdesivir Most ‘Beneficial’ In Covid-19 Patients Who Need Extra Oxygen, Study Shows

Gilead Sciences Inc.’s (GILD) remdesivir, its coronavirus drug candidate, is most “beneficial” for Covid-19 patients who require supplemental oxygen but don’t need mechanical ventilation, according to a study by the National Institute of Allergy and Infectious Diseases (NIAID).”Ultimately, the findings support remdesivir as the standard therapy for patients hospitalized with Covid-19 and requiring supplemental oxygen therapy,” the report said, citing preliminary results from the randomized, controlled trial, published in The New England Journal of Medicine.Over a 10-day course, patients received the antiviral remdesivir intravenously and a placebo. The report showed that patients who received remdesivir had a shorter time to …read more […]

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Tesla Asks China To Build Model 3 Cars With LFP Batteries – Report

May 24, 2020 admin Comments Off on Tesla Asks China To Build Model 3 Cars With LFP Batteries – Report

Tesla Inc. (TSLA) is asking the Chinese government for approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, Reuters reported.The name of the battery maker wasn’t disclosed, according to a document by the Ministry of Industry and Information Technology seen by Reuters.Reuters exclusively reported in February that Tesla is in advanced talks to use LFP batteries from CATL that contain no cobalt – one of the most expensive metals in electric vehicle (EV) batteries – in cars made at its China plant.Tesla did not immediately respond to a request for comment from Reuters.Model …read more […]

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Beleaguered Hertz Sinks 36% In After-Market On Bankruptcy Protection Filing

May 24, 2020 admin Comments Off on Beleaguered Hertz Sinks 36% In After-Market On Bankruptcy Protection Filing

Hertz Global Holdings (HTZ) late on Friday filed for bankruptcy protection after the car rental firm failed to reach long-term agreements with creditors as it grapples with the financial fallout induced by the coronavirus pandemic.The news sent shares down 36% to $1.82 in extended U.S. trading on Friday. The company, whose largest shareholder is billionaire investor Carl Icahn with an almost 39% stake, said that the lockdown orders tied to the virus pandemic fueled an increase in car rental cancellations and a decline in future bookings.Hertz said it had more than $1 billion in cash on hand to support its …read more […]

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China’s $941 Billion Sovereign Fund Seeks More Resilient Assets

May 24, 2020 admin Comments Off on China’s $941 Billion Sovereign Fund Seeks More Resilient Assets

(Bloomberg) — China Investment Corp. is looking for more resilient assets in markets battered by the coronavirus pandemic as the nation’s $941 billion sovereign wealth fund seeks to boost long-term returns, Executive Vice President Zhao Haiying said.The Beijing-based company added to its investments in credit markets in recent months, especially investment-grade loans in the U.S., after the Federal Reserve eased a liquidity crunch, Zhao said in an interview with Bloomberg News on Saturday. CIC, as the fund is known, also bolstered holdings in healthcare and information technology stocks and added exposure in regions like Asia where there was “less uncertainty” …read more […]