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Gaming platform Roblox acquires Imbellus assets ahead of IPO
  + stars: | 2020-12-02 | by ( Joshua Franklin | Anirban Sen | ) sentiment -0.98   time to read: +1 min
FILE PHOTO: A wall of real-time video game play is seen in the lobby of Twitch Interactive Inc, a social video platform and gaming community owned by Amazon, in San Francisco, California, U.S., March 6, 2017. REUTERS/Elijah Nouvelage(Reuters) - Roblox Corp said on Tuesday it had acquired the intellectual property assets of cognitive assessment start-up Imbellus to sharpen the U.S. online gaming platform’s recruitment practices before a planned initial public offering (IPO). Imbellus, based in Los Angeles, develops simulation-based tests that measure human thought processes. Roblox’s platform offers users a host of different games across mobile devices and games consoles. The San Mateo, California-based company has filed to go public through an IPO on the New York Stock Exchange which could come later this year.
Persons: Elijah Nouvelage, Imbellus, Rebecca Kantar Organizations: Twitch Interactive, Amazon, REUTERS, Roblox Corp, New York Stock Exchange Locations: San Francisco , California, U.S, Los Angeles, Roblox, San Mateo , California
Bezos' Blue Origin taps former Pentagon, NASA officials for new advisory board
  + stars: | 2020-12-01 | by ( Joey Roulette | ) sentiment -0.89   time to read: +2 min
Slideshow ( 2 images )WASHINGTON (Reuters) - Blue Origin said on Tuesday it formed a new advisory board of former Pentagon and NASA officials, as billionaire Jeff Bezos’ space company vies for lucrative government contracts and readies its first orbital rocket for debut next year. The seven-person board will “provide strategic counsel on the company’s mission to radically reduce the cost of access to space and the utilization of in-space resources,” the Kent, Washington-based company said in a press release. Members include former Air Force secretary Heather Wilson, former Air Force chief scientist Dan Hastings, and former Deputy Under Secretary of Defense for Intelligence and Security Kari Bingen, who held the second-highest ranking civilian intelligence job at the Pentagon beginning in 2017. Bezos aims to provide government and private customers low-cost access to space, though he trails rival billionaire Elon Musk’s SpaceX. The board also includes former directors of NASA’s Jet Propulsion Laboratory in California and Marshall Space Flight Center in Alabama, the management center for NASA’s crewed lunar lander program.
Persons: Jeff Bezos, Heather Wilson, Dan Hastings, Kari Bingen, Shepard, Glenn, Bezos, Elon Musk’s Organizations: Pentagon, NASA, Air Force, Defense, Intelligence, Bezos, Elon Musk’s SpaceX, Blue, SpaceX, NASA’s Jet Propulsion Laboratory, Marshall Space, Glenn, Boeing, Lockheed, United, Alliance Locations: WASHINGTON, Kent, Washington, California, Alabama
The SAG Health Plan was created in 1960 to provide health coverage to all Screen Actors Guild members. Problems with the SAG-AFTRA Health Plan began in 2017, the lawsuit says, when trustees of the SAG health plan approved a merger with the AFTRA plan. The lawsuit contends that the trustees had two years to shore up the health plan without "dramatically ending SAG-AFTRA health coverage for primarily older participants." For example, negotiations of three recent union contracts could have directed more funds into the health plan, some members said. SAG members were told the 2017 health plan merger "would strengthen the overall financial health of the SAG plan while ensuring comprehensive benefits for all participants," the lawyers said.
Persons: Ed Asner, Asner, Lou Grant, Mary Tyler Moore, Whoopi Goldberg, Dia Dipasupil, Morgan Freeman, Shirley Jones, Mark Hamill, Martin Sheen, Goldberg, Carol Kane, Frances Fisher, Steve Schwartz, Robert Kriner, Jr, Chimicles Schwartz, Smith, Edward Siedle, Siedle Organizations: Screen Actors Guild, American Federation of Television, Radio Artists, SAG, AFTRA, Lincoln, Screen, Guild, Health, Donaldson, NBC News, NBC, American Federation of Musicians, Employers Locations: California, New York
Truvada currently costs American users roughly $1,700 a month; Teva’s generic, which debuted in October, is marketed for around $1,455 per month. Gilead's all-but-proprietary access to sell Truvada is the equivalent of Hershey’s controlling who has access to chocolate milk. Meanwhile, generic versions of Truvada — Ricovir, Tavin-EM, or Tenof-EM — elsewhere in the world cost $210 to $720 per year. (Until Teva’s generic debuted, Gilead owned 100 percent of the Truvada market in the U.S, pulling in roughly $3 billion a year.) The problem with patents thus persists because toxic agents in soulless systems have created a ruthless market for its ostensible solutions.
Persons: it's, Teva, Gilead, Emory, Bayh, Sen, Birch Bayh, Robert Dole, , alafenamide, Obama, Trump, Biden, America’s Organizations: University of California, Emtricitabine, Emory University, NIH, National Institutes of Health, Centers for Disease Control, Dole, FDA, Harvard, Big Pharma Locations: States, America, U.S, Gilead, Truvada, , California, Massachusetts, Czech, San Francisco
Automakers pledge to work with Biden to reduce emissions
  + stars: | 2020-12-01 | by ( Reuters Staff | ) + 0.99   time to read: 1 min
FILE PHOTO: U.S. President-elect Joe Biden delivers a pre-Thanksgiving speech at his transition headquarters in Wilmington, Delaware, U.S., November 25, 2020. REUTERS/Joshua RobertsWASHINGTON (Reuters) - A group representing major automakers on Tuesday vowed to work with President-elect Joe Biden on efforts to reduce vehicle emissions even as the industry remains split over an effort to bar California from setting rules. The group, representing General Motors Co, Volkswagen AG, Toyota Motor Corp, Ford Motor Co and most major automakers, said after a meeting Tuesday that it “looks forward to engaging with the incoming Biden administration ... to advance the shared goals of reducing emissions and realizing the benefits of an electric future.”
Persons: Joe Biden, Joshua Roberts WASHINGTON, Biden, Organizations: REUTERS, General Motors Co, Volkswagen AG, Toyota Motor Corp, Ford Motor Co Locations: Wilmington , Delaware, U.S, California
Fed's Daly says not yet time to stimulate economy aggressively
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir(Reuters) - The U.S. economy is likely to slow and perhaps even stall in coming months amid the surge in coronavirus cases, San Francisco Federal Reserve Bank President Mary Daly said on Tuesday, but the central bank should not respond, as it typically does to slowdowns, by pulling out more stops. “It is not the time to stimulate the economy aggressively and get people out in the economy because that would be unsafe,” Daly told reporters on a call after a talk at Arizona State University, held virtually. “We are thinking hard about what does the economy need and ... when can we shift gears mentally... from building a bridge to actually trying to stimulate the economy into a strong recovery,” she said. “And we are not there yet.”
Persons: Mary Daly, Ann Saphir, ” Daly, , Daly, Organizations: Francisco Federal Reserve Bank, REUTERS, San Francisco Federal Reserve Bank, Arizona State University, Fed Locations: San Francisco , California, U.S
Fed's Daly says aiming for 'sustained' above-target inflation
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
FILE PHOTO: San Francisco Federal Reserve President Mary Daly reacts at the Los Angeles World Affairs Council Town Hall, Los Angeles, California, U.S., October 15, 2019. “Hitting or exceeding 2 percent inflation for a few months does not mean victory,” Daly said in remarks prepared for delivery at a virtual Arizona State University luncheon. “To fully achieve the goal of price stability, we need to see a sustained period of moderately above-target inflation. And it will be tempting, as time passes, to think that monetary policy has done all that it can,” Daly said. But, she said, “even when progress is gradual the central bank can, with commitment, bring inflation sustainably to target.”
Persons: Mary Daly, Ann Saphir, ” Daly, , Organizations: Francisco Federal, Los Angeles World Affairs, Town Hall, REUTERS, San Francisco Federal Reserve Bank, Arizona State University Locations: Los Angeles , California, U.S, COVID
Almost one-quarter of small businesses closed their doors during the pandemic — but for the few who survived, and pivoted to online sales, Black Friday weekend provided a much-needed boost. Over the course of the holiday season so far, small retailers have seen an average 110 percent increase in online sales, according to Adobe Analytics. Social distancing and stay-at-home rules catapulted heavyweights like Walmart and Amazon to the front of the pack, as consumers leaned on online shopping and grocery delivery more than ever before. As Walmart and Amazon reported record growth, 23 percent of small businesses reported having to close at some point during the pandemic, according to a July poll from the U.S. Chamber of Commerce. While store sales decreased, the company increased its online sales by 700 percent over the Black Friday shopping weekend compared to last year.
Persons: , Vivek Pandya, Brian Miller, , ” Miller, Mia Semingson, ” Semingson, Etsy, Hetal Pandya, “ They’re, Josh Silverman, Silverman, Simeon Siegel, ” Siegel Organizations: Adobe Analytics, , Walmart, Amazon, U.S . Chamber of Commerce, Black, Edison, CNBC, BMO Capital Markets, Locations: San Diego , California, U.S, Boulder , Colorado, Utah, Geppetto’s, San Diego
Perdue, Ossoff race slated to be most expensive Senate race in ad spending
  + stars: | 2020-12-01 | by ( ) + 0.00   time to read: +29 min
SEE NEW POSTSPerdue, Ossoff race slated to be most expensive Senate race in ad spending WASHINGTON — There's been an enormous amount of money pouring into Georgia ahead of the two pivotal Senate runoffs in the state, with one of the races already slated to shatter Senate advertising spending records. Georgia Democratic Senate candidates Raphael Warnock, left, and Jon Ossoff hold a campaign rally in Marietta on Nov. 15, 2020. Trump announced Rex Tillerson as his nominee 36 days after Election Day, and Obama named Hillary Clinton 28 days after Election Day. I have served on the Committee for 22 years, and I am its most senior member who does not currently serve atop another Senate Committee,” Durbin wrote in a statement. Senate Republican and House Democratic party rules do not allow a top member of leadership to also hold a committee chair.
Persons: Perdue, WASHINGTON — There's, Republican Sen, Kelly Loeffler, Raphael Warnock, David Perdue, Jon Ossoff, Brynn Anderson, there's, Biden, outpaces Trump, WASHINGTON, Joe Biden's, hasn't, Trump, Trump's, Antony Blinken, Rex Tillerson, Obama, Hillary Clinton, Alejandro Mayorkas, John Kelly, Janet Napolitano, Joe Biden, Chandan Khanna, Avril Haines, Nikki Haley, Susan Rice, Peter Orszag, Janet Yellen, didn't, — Trump, Steven Mnuchin, Timothy Geithner, Mark Warner, Joe Manchin, Dick Durbin, Chris Coons, Michael Bennet, Susan Collins, Mitt Romney, Rob Portman, Lisa Murkowski, Warner, MSNBC's, Andrea Mitchell, ” Sen, Michael Brochstein, Nancy Pelosi, Mitch McConnell, Pelosi, Steven Mnuchin haven't, McConnell, Republican Roger Wicker of, Kyrsten Sinema, Democrat Earl Blumenauer of, Brian Fitzpatrick, , I’ve, ” Bobby Stuckey, Donald Trump, Donald J, ” Stuckey, Chris Steakhouse, Chris, ” Leigh Habegger, Sen, Dianne Feinstein, Durbin, Feinstein, Chair Sen, Lindsey Graham, Amy Coney Barrett's, Jason Andrew, ” Durbin, — Alan Cranston, Wendell Ford, Harry Reid —, Joe Lieberman, Conn, John McCain, Sheldon Whitehouse, ” Whitehouse, Sahil Kapur, TJ Cox, David Valadao Valadao, Cox, Mike Garcia, Christy Smith Garcia, Smith, Garcia, Rita Hart, Republican Mariannette Miller, Meeks, Dave Loebsack, Hart, Andrew Garbarino, Jackie Gordon, Peter King, Max Rose, Nicole Malliotakis, Rose, Anthony Brindisi, Claudia Tenney, John Katko, Dana Balter, Balter, Maria Elvira Salazar, Salazar, Alexandria Ocasio, ” Salazar, Samuel Corum, ” Malliotakis, Victoria Spartz, ” Spartz, , Ilhan Omar, Ayanna Pressley, Rashida Tlaib, Jamaal Bowman, Bowman, “ What's, Ro Khanna, ” Khanna, ” Omar, WASHINGTON —, Mark Levin, Carlos Barria, Mike Shirkey, Lee Chatfield —, , Shirkey, Chatfield, “ Shirkey, Richard Primus, corruptly ”, ” Primus, Primus, Dana Nessel, Dave Moran, Moran, Organizations: WASHINGTON, Analytics, Republican, Democratic, ., . Georgia Democratic, Senate, North Carolina Senate, Obama's, State, Treasury, Department of Homeland Security, United Nationals, National Security, National Intelligence, Management, DHS, Getty, Trump, U.N, OMB, NBC News, Biden, NBC, AP, Republican Roger Wicker of Mississippi, Democrat, CHD, Independent, Coalition, Capitol, Friday, Committee, Justice Department, Chair, New York Times, Senate Republican, House Democratic, Senate Homeland Security, New, GOP, Republicans, Squad, Force, Florida Republican, New York Democratic Rep, Democratic Party, Republican New, New York Post, Fox News, We’re, , White, WASHINGTON —, WASHINGTON — Michigan Republican, Michigan, Electoral, Detroit Free Press, Reuters, University of Michigan Locations: Georgia, . Georgia, Marietta, Wilmington, Del, Sens, Maine, R, Utah, Ohio, Alaska, Washington, Arizona, Democrat Earl Blumenauer of Oregon, Pennsylvania, United States, U.S, America, California, New York, Iowa, . California, . New York, Florida, Cuban, American, Alexandria, Cortez, Republican New York City, Victoria Spartz of Indiana, Ukraine, Socialist Republic of Ukraine, Michigan, WASHINGTON — Michigan, Detroit, Michigan , Pennsylvania, Wayne
U.S. construction spending rebounds strongly in October
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -0.96   time to read: +1 min
The Commerce Department said on Tuesday that construction spending jumped 1.3% in October. Data for September was revised down to show construction outlays declining 0.5% instead of rising 0.3% as previously reported. Economists polled by Reuters had forecast construction spending would rise 0.8% in October. Construction spending increased 3.7% on a year-on-year basis in October. Spending on public construction projects increased 1.0% in October.
Persons: Lucy Nicholson Organizations: LAX, REUTERS, WASHINGTON, Commerce Department, Data, Reuters Locations: Los Angeles , California, U.S, homebuilding
Breakingviews - Airbnb IPO price deserves more stars than DoorDash
  + stars: | 2020-12-01 | by ( Robert Cyran | ) + 0.00   time to read: +2 min
Cash flow from operations exceeded investment by over $500 million between 2011 and the end of 2019. Airbnb’s free cash flow fell from over $500 million in 2018 to about $100 million in 2019 as it expanded in China and spent heavily on technology. Airbnb, on the other hand, burned over $500 million in the period. Airbnb’s revenue fell by about a third in the first nine months of 2020 compared to the prior year, to about $2.5 billion. The IPO price ranges could change, but for now Airbnb’s is looking like the one to book.
Persons: Gabrielle Lurie, Brian Chesky, Cash Organizations: REUTERS, YORK, Reuters, Uber Technologies Locations: SOMA, San Francisco , California, U.S, China
Families of 15 public school students sued California on Monday, claiming the state has failed to provide equal education to poor and minority children during the pandemic. The lawsuit also claims that schools did not meet academic and mental health support needs, English language barriers and the unmet needs of homeless students. Since then, many districts, especially in urban areas, have struggled to meet the needs of students, especially disadvantaged students. “The change in the delivery of education left many already-underserved students functionally unable to attend school. One of the lawyers for the families, Mark Rosenbaum, said the lawsuit was the first case in the nation against a state for failure to meet the educational needs of students during the pandemic.
Persons: Mark Rosenbaum Organizations: California, Alameda County Superior Court, Los Angeles Unified School District, Los Angeles Times, Facebook, Twitter Locations: United States, Oakland, Los Angeles, Alameda County, California
Airlines would receive $17 billion in new COVID-19 relief proposal: sources
  + stars: | 2020-12-01 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: Social distancing sign is displayed at a check-in area for Southwest Airlines Co. at Los Angeles International Airport (LAX) on an unusually empty Memorial Day weekend during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., May 23, 2020. REUTERS/Patrick T. Fallon/File PhotoWASHINGTON/CHICAGO (Reuters) - U.S. airlines would receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, two people familiar with the matter said. The proposal, which does not yet have support of the White House or Congressional leaders, sets aside $45 billion for the U.S. transportation sector, including airlines, airports, buses, and Amtrak.
Persons: Patrick T Organizations: Southwest Airlines Co, Los Angeles International Airport, REUTERS, WASHINGTON, Senate, Congressional, Amtrak Locations: Los Angeles , California, U.S, CHICAGO
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Alongside entrepreneur Nat Turner and D1 Capital Partners, he is using his private capital to take Collectors Universe private for roughly $700 million. But like the gum that used to come with baseball cards, market bubbles have been known to pop. One reason is that private investors refused to participate in the programme. Next year Sunak will need to raise taxes to start addressing the 400 billion pounds Britain borrowed this year.
Persons: Steven Cohen, Nat Turner, Mike Trout, Anna Szymanski, Refinitiv, Tryg, Liam Proud, Ed Cropley, George Hay, Nomura, Kentaro Okuda, Brian Moynihan, Katrina Hamlin, Rishi Sunak’s, Boris Johnson Organizations: Reuters, Corona, Point72 Asset Management, Milken Institute Global Conference, TOPPS, New York Mets, D1 Capital Partners, Sports, ESPN, PNC Financial Services, BBVA’s, RSA Insurance, Danish, Exxon Mobil, Royal, Shell, Bank of America, THE, Nationwide Locations: HONG KONG, Beverly Hills , California, U.S, BBVA’s U.S, Nigeria, Kenya, France, Britain, Mozambique, Angola, Zambia, Japan, Tokyo, London, Covid
Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters
  + stars: | 2020-12-01 | by ( Jonathan Stempel | ) sentiment -1.00   time to read: +1 min
REUTERS/Brendan McDermid/File Photo(Reuters) - A former Tesla Inc factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing shows. Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him. The Palo Alto, California-based company accused Tripp of writing software to hack into its manufacturing operating system, stealing trade secrets, and making false claims to reporters about information he stole. According to the court filing, Tripp did not contest Tesla’s claims that he stole trade secrets, and acknowledged that his counterclaims were funded by a short seller of Tesla stock. The case is Tesla Inc v Tripp, U.S. District Court, District of Nevada, No.
Persons: Brendan McDermid, Martin Tripp, Judge Miranda Du, Musk, Tripp, Du, Tesla Organizations: REUTERS, Tesla Inc, Elon, Tesla, Tripp, District of Locations: Manhattan's Meatpacking, New York City, U.S, Reno , Nevada, Palo Alto , California, District, District of Nevada
FILE PHOTO: U.S. President-elect Joe Biden delivers a pre-Thanksgiving speech at his transition headquarters in Wilmington, Delaware, U.S., November 25, 2020. REUTERS/Joshua Roberts/File PhotoWASHINGTON (Reuters) - President-elect Joe Biden on Tuesday said he hopes the U.S. Supreme Court rejects a plan by President Donald Trump’s administration to exclude immigrants living illegally in the United States from population counts used to allocate congressional districts to states. It is my hope the Supreme Court does the right thing” and rules that “everyone in America” be counted, Biden said in a statement. “The Supreme Court of the United States heard a case about whether everyone in America will be counted in the Census for the purpose of apportionment of Congressional seats, as the Constitution plainly and clearly requires. Or whether the partisan politics of intimidation and xenophobia will intentionally exclude specific groups of people from being counted,” Biden said.
Persons: Joe Biden, Joshua Roberts, Donald Trump’s, America ”, Biden, ” Biden Organizations: REUTERS, WASHINGTON, U.S, Trump, Representatives, Constitution Locations: Wilmington , Delaware, U.S, United States, America, , Democratic California
In a regulatory filing on Tuesday, Airbnb said it was looking to sell up to $2.6 billion in stock in its initial public offering. Airbnb set a target price range to sell 51.9 million shares for between $44 and $50 each. Including the option shares, Airbnb is aiming to raise about $2.85 billion at the upper end of the range. At the top of the target range, the IPO will give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion, nearly double the $18 billion Airbnb was worth in an April private fundraising round. Reuters was the first to report in October that Airbnb was aiming to raise around $3 billion in its IPO that could value it at more than $30 billion.
Persons: Gabrielle Lurie, Brian Chesky, Joe Gebbia, Nathan Blecharczyk, Airbnb, Andreessen Horowitz, Ashton Kutcher, Morgan Stanley, Goldman Sachs Organizations: Reuters, REUTERS, Sixth Street Partners, flotations, Warner Music Group, Palantir Technologies, Snowflake Inc, Chesky, Democratic National Convention, Hollywood, General Atlantic, TPG, Hillhouse, Vanguard Group, Fidelity Investments, Nasdaq, underwriters Locations: SOMA, San Francisco , California, U.S, Silver, San Francisco, Denver
Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch. At the top of Airbnb’s target range, the IPO will give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion. This is nearly double the $18 billion Airbnb was worth in an April private fundraising round and above the $31 billion in its last pre-COVID-19 private fundraising in 2017. Chesky’s stake would be valued at about $3.8 billion, while those of Gebbia and Blecharczyk would be worth about $3.5 billion each. Sequoia Capital, which first invested in Airbnb in 2009, would have a stake worth more than $4 billion.
Persons: Gabrielle Lurie, Airbnb, Brian Chesky, Joe Gebbia, Nathan Blecharczyk, they’ve, , Matthew Kennedy, Andreessen Horowitz, Ashton Kutcher, Morgan Stanley, Goldman Sachs Organizations: Reuters, Airbnb, U.S, REUTERS, Lake, Sixth Street Partners, Renaissance, Sequoia Capital, Nasdaq, LONG, flotations, Warner Music Group, Palantir Technologies, Snowflake Inc, Chesky, Democratic National Convention, Hollywood, General Atlantic, TPG, Hillhouse, Vanguard Group, Fidelity Investments, underwriters Locations: SOMA, San Francisco , California, U.S, San Francisco, Airbnb, Denver
(Reuters) - Wall Street’s main indexes were set to open higher on Tuesday as better-than-expected factory data from China and hopes that a COVID-19 vaccine will be rolled out before the end of the year bolstered bets of a speedy economic recovery. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoInvestors are closely following updates on a handful of leading vaccine candidates as well as the start of global shipments as drugmakers submit paperwork for regulatory approvals. ET, Dow E-minis were up 299 points, or 1.01% and S&P 500 E-minis were up 0.93%. Tesla Inc rose about 4.5% after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index all at once on Dec. 21.
Persons: Brendan McDermid, , Steven Blitz, Dow, Steven Mnuchin, Jerome Powell, Powell Organizations: Reuters, New York Stock Exchange, REUTERS, Pfizer Inc, Moderna, TS Lombard, Investors, Carnival Corp, Royal Caribbean Cruises Ltd, Delta Air Lines Inc, United Airlines Holdings, Big, Dow E, Nasdaq, Federal, Communications, Tesla, Dow Jones Indices Locations: China, New York, U.S, EU, United States, California, Big U.S
(Reuters) - The S&P 500 and the Nasdaq hit record highs on Tuesday as hopes that a COVID-19 vaccine will be available soon and better-than-expected factory data from China bolstered bets of a speedy economic recovery. “The optimism continues to build for a vaccine to come out and be very successful... ET, the Dow Jones Industrial Average rose 409.86 points or 1.38% to 30,048.50, the S&P 500 gained 49.33 points, or 1.36% to 3,670.96 and the Nasdaq Composite gained 136.25 points or 1.12% to 12,334.61. Tesla Inc rose about 3% after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index all at once on Dec. 21. The S&P 500 posted 31 new 52-week highs and no new low, while the Nasdaq recorded 212 new highs and seven new lows.
Persons: , Larry Adam, Raymond James, Dow, China’s, Steven Mnuchin, Jerome Powell Organizations: Reuters, Nasdaq, Pfizer Inc, Moderna, Investors, Dow Jones, Federal, Communications, Tesla, Dow Jones Indices, Micron Technology, NYSE Locations: China, COVID, California
WASHINGTON (Reuters) - The United States entered the final month of the year hoping that promising vaccine candidates will soon be approved to halt the rapidly spreading novel coronavirus after 4.2 million new cases were reported in November. FILE PHOTO: A health worker provides a COVID-19 test at a drive-through testing site, as the coronavirus disease (COVID-19) continues to spread, in Staten Island, New York, U.S. November 25, 2020. “One hundred percent of the Americans that want the vaccine will have the vaccine by (June). We will have over 300 million doses available to the American public well before then,” Paul Ostrowski, the vaccine program’s director of supply, production and distribution, told MSNBC television on Monday. “If these trends continue, we’re going to have to take much more dramatic, arguably drastic, action.”
Persons: Brendan McDermid, Donald Trump’s, Johnson, ” Paul Ostrowski, Webster, Trump, Joe Biden, Biden, California’s, Gavin Newsom Organizations: WASHINGTON, United, REUTERS, U.S . Food, Drug Administration, Pfizer Inc, Moderna Inc, AstraZeneca PLC, Johnson, Trump, MSNBC, Reuters, Merriam Locations: United States, Staten Island , New York, U.S,
Reuters also reviewed data from 10 community-based air monitoring projects by residents worried that government air-quality assessments are inaccurate. About 120 million Americans live in counties that have no EPA pollution monitors at all for small particle pollution, according to agency data. Other Philadelphia monitors were either upwind or too far away to detect the explosion’s pollution, according to the EPA data, which shows wind direction and speed. A community project in New York City, for example, has deployed up to 150 air monitors over the past decade. Overall, between October 2016 and February 2017, the community monitors detected 1,426 episodes of elevated levels of particulate matter, or 12 times what government monitors recorded.
Persons: Felicia Menna’s, , Menna, Peter DeCarlo, Donald Trump, Trump, Joe Biden, Michael Jerrett, Chevron, , Barack Obama, Obama, Lyle Chinkin, Holger Eisl, Health Organization’s, Luis Olmeda, Joel Kaufman, Corbett Grainger, Grainger, Ameren, Chinkin, St . Louis Organizations: Reuters, Chevron, REUTERS, Staff, National Weather Service, Energy Solutions, U.S . Chemical Safety, U.S . Environmental Protection Agency, Johns Hopkins University, Wisconsin Department of Natural Resources, Yale University, Democrat, EPA, Act, Philadelphia, Philadelphia Energy Solutions, . Chemical Safety, University of California, University of California San, U.S, National Association of Clean Air Agencies, Sonoma Technology, Clean, Comite, Health, University of Washington, Environmental, Government, Industry, University of Madison, Ameren Corp, Missouri Department of Natural Resources, Missouri’s Locations: Philadelphia, Richmond , California, Refinery, U.S, Superior , Wisconsin, Duluth , Minnesota, America, Chicago, Chevron Corp’s, Imperial County , California, United States, Los Angeles, University of California San Francisco, Arlington , Virginia, New York City, Mexico, Valle, Beijing, Imperial County, Imperial, Baltimore, Albany , New York, East Oakland , California, Curtis Bay, Sheboygan , Wisconsin, Lake Michigan, University of Madison - Wisconsin, Wisconsin, Missouri, Louis, Labadie, St .
Mamdani is one of three South Asian members of the Democratic Socialists of America who won historic down-ballot races earlier this month. Their wins point to the growing prominence of young South Asians on the left, many of whom, in the past half-decade, have transitioned from community activism to electoral politics. This year wasn’t the first time South Asian socialists found success in local elections. Some South Asian Democratic Socialists of America candidates pitched long-shot bids this year, and even in defeat, they’re laying the groundwork for the future. A win would have made the Sri Lankan immigrant the first Muslim and South Asian woman elected to the lower chamber.
Persons: Zohran, , , people’s, they’ve, Mamdani, he’ll, Nikil Saval, Nithya Raman, ” Abdullah Younus, Sangay Mishra, Kamala Harris, we’ve, Saval, who’s, Sen, Bernie Sanders, Kshama, Bhaskar Sunkara, Saikat Chakrabarti, Alexandria Ocasio, Faiz Shakir, Sanders, Ro Khanna, Pramila Jayapal, Khanna, Sanders ’, Fatima Iqbal, Nabilah Islam, Islam Organizations: South, Democratic Socialists of America, Asian, Democratic, Green New, Democratic Socialists, America's, Drew University, South Asian, , Socialist, Young, Jacobin Magazine, Justice Democrats, Rep, Progressive, Congressional Progressive Caucus, South Asian Democratic Socialists of, Assembly, Sri, Metro Atlanta, Democratic Socialists of Locations: New York, Ugandan, Queens, Astoria, Chhaya, Pennsylvania, Los Angeles, Asian, India, New Jersey, Philadelphia, Seattle, Alexandria, Cortez, American, California, South Los Angeles, Sri Lankan, South, Georgia, Democratic Socialists of America, Gwinnett County, Ocasio
The Biden transition team is considering Mustafa Santiago Ali, Cecilia Martinez and Brenda Mallory to lead the CEQ, according to three sources familiar with the process. A spokesman for the transition team declined to comment on possible appointments. Ali is vice president for environmental justice at the National Wildlife Federation and a former senior adviser for environmental justice at the Environmental Protection Agency. Martinez is an adviser to the Biden team handling the transition at CEQ, and is president of the Center for Earth, Energy and Democracy, an organization that provides research to environmental justice groups. She said CEQ was the right agency to carry out Biden’s environmental justice agenda because of its oversight of federal environmental permitting and engagement with outside stakeholder groups.
Persons: Joe Biden, Mustafa Santiago Ali, Jonathan Bachman, Biden, Cecilia Martinez, Brenda Mallory, Ali, , Martinez, Mallory, CEQ, ” Mallory, Mary Nichols, Heather McTeer Toney, Collin O’Mara, Nichols, McTeer Toney Organizations: WASHINGTON, White House, REUTERS, White, Council, Environmental, Biden, National Wildlife Federation, Environmental Protection Agency, Reuters, Center for Earth, Energy, Democracy, Southern Environmental Law Center Locations: New Orleans , Louisiana, U.S, California
A California developer is trying to raise $1 billion to invest in Black and Latino communities. If successful, it would be one of the largest commercial real-estate funds ever to focus on minority neighborhoods. Martin Muoto, chief executive of the real-estate firm SoLa Impact LLC, already runs three funds totaling $180 million. They focus on affordable housing and some commercial real estate in minority neighborhoods around South Los Angeles. The funds, which raised money from large investors like the private-equity firm...
Persons: Martin Muoto Locations: California, South Los Angeles
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