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HOUSTON/NEW YORK (Reuters) - Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production. REUTERS/Shannon Stapleton/File PhotoShale producers are increasing spending on natural gas, a change from the past, amid forecasts for a 45% jump in gas prices next year compared to a 15% gain for Brent prices. The number of U.S. rigs drilling for natural gas, an indicator of future output, has climbed 13% to 77 since July. Natural gas “has not been hit as hard as crude,” by the COVID-19 pandemic, said Bernadette Johnson, a vice president at data provider Enverus. GAS SHARES CLIMBGas prices are benefiting in part from oil drilling cutbacks that reduced associated gas, or gas produced as a byproduct of oil output.
Persons: Shannon Stapleton, Brent, , Christopher Kalnin, Banpu Kalnin, Baker Hughes, Marcellus, Raymond James, Bernadette Johnson, Ken Boedeker, Eugene Kim, Wood Mackenzie Organizations: HOUSTON, REUTERS, Organization of, Petroleum, Continental Resources, Oklahoma . Apache Corp, Denver, Kalnin Ventures, Devon Energy, Bank of America, U.S . Energy, Administration, Wood, Resources, Southwestern Energy Co, P Oil & Gas Exploration Locations: Western Pennsylvania, Union City , Pennsylvania, U.S, OPEC, Oklahoma, Texas, Louisiana, Raymond James .
BEIJING (Reuters) - China’s biggest private steel producer, Jiangsu Shagang Group, said on Monday it will invest 14.8 billion yuan ($2.25 billion) in buying up and modernising steel mills in central Henan province in a project to create a high-end manufacturing base. Led by Anyang Yongxing Special Steel Co Ltd, a unit of Shagang based in Henan, the project targets annual iron capacity at 4.94 million tonnes and steel capacity at 5.5 million tonnes when complete, the company said, confirming a local media report. The company declined to identify potential acquisition targets by name, but said private mills in the Anyang city area would be involved. Anyang Yongxing currently has iron and steel capacity at 1.85 million tonnes and 2.22 million tonnes, respectively. Henan produced 32.99 million tonnes of crude steel in 2019, data from the National Bureau of Statistics showed.
Organizations: Jiangsu Shagang Group, Anyang Yongxing Special Steel Co Ltd, Anyang Yongxing, China Baowu Steel, National Bureau, Statistics Locations: BEIJING, Jiangsu, Henan, Anyang, Beijing, China
WASHINGTON (Reuters) - The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office. Slideshow ( 2 images )Reuters reported earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned or controlled by the Chinese military, bringing the number of Chinese companies affected to 35. A recent executive order issued by President Donald Trump would prevent U.S. investors from buying securities of the listed firms starting late next year. “The Company has no relationship with the Chinese military and does not manufacture for any military end-users or end-uses.”The DOD, the Chinese embassy in Washington and CNOOC did not immediately respond to requests for comment. The directive is unlikely to deal the firms a serious blow, experts said, due to its limited scope, uncertainty about the stance of the Biden administration and already-scant holdings by U.S. funds.
Persons: Trump, CNOOC, Joe Biden, Donald Trump, SMIC, , Donald Trump’s, Biden Organizations: WASHINGTON, Reuters, Department of Defense, Federal, China Construction Technology Co Ltd, China International Engineering Consulting Corp, Semiconductor Manufacturing International Corp, China National Offshore Oil Corp, U.S, DOD, U.S . Commerce Department, Communist Chinese Military, Pentagon, People’s Liberation Army, Giants, China Telecom, China Mobile, Congress Locations: Beijing, China, Washington, crosshairs, U.S, Hikvision, Hong Kong, American
TIKRIT, Iraq (Reuters) - A rocket hit a small oil refinery in northern Iraq on Sunday, causing a fire at a fuel storage tank and forcing a complete shutdown of operations after the blaze spread to a nearby pipeline network, two refinery officials said. Islamic State claimed responsibility for attacking the Siniya refinery, in a statement posted on the group’s official channel. A spokesman for the state-run Northern Refineries Co, which manages a number of Iraqi refineries, earlier told Iraq’s state news agency that two rockets had hit the Siniya refinery, causing a fire that it said had been controlled. Officials said halting operations at the Siniya refinery, which has refining capacity of 30,000 barrels per day, was a safety measure to prevent further damage. There were no reports of casualties at the facility, which is near Iraq’s largest oil refinery of Baiji in the Northern Salahuddin province.
Persons: , Hamid Younis Organizations: Reuters, Islamic State, Co, Officials, Islamic Locations: TIKRIT, Iraq, U.S, Iraq’s, Baiji, Northern Salahuddin
Krawiec said that rather than let him go, the Germans placed him and hundreds of other Polish prisoners into a cattle car and transported them to Auschwitz. Three weeks later, Krawiec said, he and the other captured Poles were abruptly transported to the Buchenwald concentration camp, which was in Germany proper and where the factories needed workers. A few years later, Krawiec moved to the rival paper Dziennik Związkowy and was appointed editor-in-chief, a post he held until he retired in 1985. Joanna Marszałek, a Dziennik Związkowy reporter, said Krawiec was long gone by the time she joined the paper. On Fridays, he drove into Chicago from his apartment in the suburb of Evanston and bought copies of the Polish newspaper for himself and his shut-in friends.
Persons: Jan Krawiec, Yon, Dziennik, Chicago's, Krawiec, Amanda Friedeman, Friedeman, Sue Kowall, Uncle John, wasn't, couldn't, Dziennik Chicagowski, Richard Nixon, Joanna Marszałek, Marszałek, Krawiec's, Kowall Organizations: Gestapo, United States Holocaust Memorial Museum, Illinois Holocaust Museum, Education Center, Hoffman Estates, Allied, Canfield Beverage Co, Sears Locations: Auschwitz, Buchenwald, Chicago, Soviet, Skokie, Hoffman, Hoffman Estates , Illinois, Bachorce, Germany, Polish, Warsaw, Washington, Poland, Evanston, frosting
Nearly every business on Tennyson Street, in a gentrifying neighborhood about 15 minutes from downtown Denver, was hit hard by the pandemic. People walk by the Wana Art House on Tennyson Street, in Denver on Wednesday. A person walks by shops on Tennyson Street in Denver on Wednesday. … If I had to be fully open, I’d be very scared.”The handful of developers who have staked their claim on Tennyson Street also face uncertainty. Lenny Taub, who owns First Stone Development, is working on his second project on Tennyson Street.
Persons: Alyssa Manny’s, Little, Biju Thomas, , ” Thomas, ” Thomas ’, Rachel Woolf, , Manny, ” Manny, Tennyson, Corepower Yoga, Drew Watson, Leah Watson, Watson, Chuck's Barber, Tyler Quinn, “ It’s, ” Quinn, Quinn, Elias Lehnert, Lehnert, “ Lehnert, ” Lehnert, Lenny Taub, Rachel Lehnert, ” Taub, Taub, It’s, Alyssa Manny Organizations: DENVER, NBC News, Small Business Administration, Restaurants, , Tennyson, Corepower, NBC, Beach, Fencing, Colorado Cherry Company, Asana Partners, Stone, Colorado Cherry Co Locations: Denver, India, U.S, Barre, Minneapolis, Colorado
Britain Braces for Logistics Havoc as Brexit’s Final Act Looms
  + stars: | 2020-11-29 | by ( Costas Paris | ) + 0.00   time to read: +5 min
The change has sparked fears of severe bottlenecks at British ports and highways, where customs officers will inspect trucks amid an acute lack of staff that could rattle supply chains. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. PREVIEW“The problem is that you have to stop things,” said Richard Ballantyne, chief executive of the British Ports Association, a trade body. New customs facilities and parking spaces are being identified outside ports such as Dover, Portsmouth and Holyhead in Wales. The British International Freight Association, which represents freight forwarders, blames the U.K. government for not providing a clear road map.
Persons: , Richard Ballantyne, Thijs Van Dijk, there’ll, Port, Grant Falvey, lockdowns, Mr, Ballantyne, Robert Keen, , Costas Paris Organizations: European Union, British Ports Association, , Zuma Press, Goods Vehicle Movement Service, Honda Motor Co, Toyota Motor Co, Land Rover Ltd, Automobile Association ., EU, National Audit Office, British International Freight Association, “ Logistics, Locations: Dover, Calais, Dunkirk, British, Dutch, , Portsmouth, Holyhead, Wales, Brussels, EU, Europe
On Zach Sherry’s first day of work at the General Motors Co. factory in Bedford, Ind., trainers gave a safety presentation that included an image of a cartoon hand spurting blood from the ring finger. The overt message was straightforward: Rings can get caught in the machinery, so don’t wear them on the job. The symbolism wasn’t lost on the...
Persons: Zach Sherry’s, wasn’t Organizations: General Motors Co Locations: Bedford , Ind
As Black Friday kicks off the holiday shopping season in the US, few companies have had to prepare quite like e-commerce and logistics giant Amazon. But the unprecedented nature of the COVID-19 pandemic and its impact on online shopping means even with those preparations, Amazon's logistics empire will be in for one of its toughest challenges yet. The spokesperson told Business Insider that Amazon has expanded its logistics network square footage by around 50% this year. That's a 50% increase from the 798,000 workers Amazon employed as of December 31, 2019. Multiple warehouse workers told Business Insider that it's rare to see coworkers last more than six months in the job due to the grueling conditions.
Persons: MWPVL, That's, I've, Satish Jindel, Morgan Stanley, Ravi Shanker, Jindel, Cathy Robertson, they've, Robertson, they're, Shanker Organizations: Amazon, National Retail Federation, New York Times, Business, Bain & Co, Boeing, Outsourcing, UPS, FedEx, SJ Consulting, NBC News, Bloomberg, Logistics Locations: COVID, Charlotte , North Carolina
Then, the aircraft demonstrated its "ability to safely release" a mounted AGM-158 separation test vehicle, according to Air Force Global Strike Command spokesman Lt. Col. David Faggard. Members of the 412th Test Wing's 419th Flight Test Squadron, Global Power Combined Test Force, carried out the proof-of-concept over Edwards Air Force Base, California, on November 20. A B-1B Lancer during the demonstration with a JASSM over Edwards Air Force Base in California, November 20, 2020. In May, bombers from Ellsworth Air Force Base, South Dakota, also held their first-ever training mission over Sweden near the Arctic. Editor's note: This story has been updated to attribute additional treaty compliance details to Air Force Global Strike spokesman Lt. Col. Dave Faggard.
Persons: David Faggard, Faggard,, Tim Ray, Ethan Wagner, Ray, Kingston Reif, JASSM —, Reif, — Oriana Pawlyk, Dave Faggard Organizations: US Air Force, Air Force Materiel Command, Boeing Co, Air Force Global Strike Command, Squadron, Global, Force, Edwards Air Force Base, House Armed Services, Projection Forces, South China, Ellsworth Air Force Base, Air Force, Arms Control, Edward's, Ship, Navy missile, Engineers, Twitter, Air Force Global Locations: California, Pacific, South, South Dakota, Sweden, Syria
The COVID-19 pandemic has disrupted the traditional holiday shopping calendar. This holiday shopping season is set to be unlike any before, serving as a fitting end to a year that has disrupted many industries, including retail. Like Levi's, Gap Inc. has expanded its pickup options, but executives acknowledge that some customers will still want to shop in stores. John Strain is the chief technology and digital officer at Gap Inc. Gap Inc.A shifting calendarEven the traditional holiday shopping calendar has changed due to the pandemic. That means that Black Friday as a must-win shopping holiday will be less important overall.
Persons: Levi Strauss, Marc Rosen, Rosen, Levi's, It's, Read, John Strain, Strain, they've, isn't Organizations: Gap Inc, Co, Business, Digital Enterprise Office, Navy, Inc, Gap Locations: Banana Republic, Athleta
The Fear and Greed index, known for gauging investor sentiment, moved into "extreme greed" territory this week and was at 92 out of 100 on Friday. Some investors took note of Warren Buffett's famous advice to "be fearful when others are greedy, and greedy when others are fearful" this week when CNN Business' Fear and Greed index moved into "extreme greed" territory on Wednesday. The higher the index reading, the greedier investors are. His team tested market returns based on the seven indicators of the Fear and Greed index and found that results range from better-than-normal returns to just below-normal returns when greed is high. However, even after putting aside the high reading on the Fear and Greed index, not all is rosy for the markets.
Persons: Evercore ISI's Dennis DeBusschere, Warren Buffett's, Fundstrat's, Tom Lee, Sven Henrich, Dennis DeBusschere, Evercore, DeBusschere Organizations: CNN, CNN Business, Companies Locations: U.S
In 1985, Ivan Boesky reportedly told the graduates of the Haas School of Business at the University of California, Berkeley that greed was "healthy." Legend has it the sentiment and Boesky himself inspired the iconic character Gordon Gekko in the 1987 movie "Wall Street." Today, Boesky's name may no longer be synonymous with Wall Street millions or corporate greed. But in the early 1980s, Boesky was an investment banking titan who made hundreds of millions of dollars betting on corporate takeovers. Boesky reportedly became the highest-paid trader on Wall Street in 1985, according to the Associated Press.
Persons: Ivan Boesky, Boesky, Gordon Gekko, John Gotti, Rudy Giuliani, Donald Trump, Bethany McLean, Jeff Madrick, Seema Silberstein, Ivan F, Yves GELLIE, Ronald Reagan, CNBC's Andrew Ross Sorkin, Madrick, Martin Siegel, Siegel, Dennis Levine, Drexel Burnham Lambert, Misha Erwitt, Michael Milken, Ivan, Terrible Organizations: Haas School of Business, University of California, CNBC, Apple, Wall, York City's Harvard Club, Ivy League, Boesky, Company, Associated Press, Forbes, New York Times, Getty, Revlon, Cities Services, Peabody & Co, SEC, Wall Street, New York Daily Locations: Berkeley, New York, York, Detroit, Manhattan, Westchester County, New
Source: Harley-DavidsonTesla reached a $500 billion market valuation this week, a sign of its dominance in the electric vehicle market. He noted that Honda, Yamaha and Harley-Davidson together control about two-thirds of the global motorcycle market, and are each developing electric motorbikes. Siahaan also likes the torque output — a measure of the acceleration — of electric bikes, since it is all available at the outset. Nelson noted that most growth right now is in the small- to mid-sized section of the electric motorcycle and scooter market. NIU commands over 26% of the Chinese e-scooter sales market, and has risen in Europe to No.
Persons: Harley, Davidson, Jochen Zeitz, It's, Davidson Tesla, Elon Musk, Musk, , Preeti Wadhwani, Prasenjit Saha, that's, Garrett Nelson, Nelson, Sam Korus, Tesla, Uber, Bird, Dittrich, Troy Siahaan, Siahaan, Korus, NIU, Vincent Yu, Cathie Wood, Yu, it's, Jochen Zeitz Harley, Craig Kennison, RW Baird, Kennison, Brandon Rolle, James Hardiman, Hardiman, Zero, Scott Olson, Eva EsseEsse9, Saha, Honda Organizations: Harley, Global Market, CFRA Research, Honda, Yamaha, Hero Motors, Bajaj Auto, Zero, ARK Invest, DPA, Getty, BMW, Needham, Co, NIU Technologies, ARK, Puma, Wall Street, Northcoast, Wedbush Securities, CNBC, FX, Polaris, CRP, Saha of, Global Marketing Institute, Honda Motorcycles Locations: Hannover, Germany, China, Southeast Asia, Asia, Europe, North, South America, Indonesia, U.S, Zeitz, Harley, Santa Cruz , California, Chicago , Illinois, California, Modena, Italy, North America, Japan
GM plans to seek banking charter for auto-lending business: WSJ
  + stars: | 2020-11-27 | by ( Reuters Staff | ) sentiment -0.99   time to read: 1 min
FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio(Reuters) - General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported on Friday, citing people familiar with the matter. The automaker's finance arm, General Motors Financial Company Inc, has been talking to federal and state banking regulators for months about forming an industrial loan company and could file its applications as early as December, the report said here. “Industrial Loan Company” charters allow non-banks to originate loans and collect insured deposits. GM did not immediately respond to a Reuters request for comment.
Persons: Sao Jose dos Campos, Roosevelt Cassio Organizations: General, REUTERS, General Motors Co, Wall Street, General Motors Financial Company Inc, Industrial Loan Company, GM Locations: Sao Jose, Brazil
Futures edge higher after Thanksgiving holiday
  + stars: | 2020-11-27 | by ( Shivani Kumaresan | ) sentiment -1.00   time to read: +2 min
(Reuters) - U.S. stock index futures edged higher on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections during the Thanksgiving holiday. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. The S&P 500 e-minis were up 0.20%, and the Nasdaq 100 e-minis were up 0.37%. Stock markets in Europe were subdued by doubts around the effectiveness of AstraZeneca’s COVID-19 vaccine, potentially hindering chances of the shot getting speedy U.S. and EU regulatory approvals. Trading volumes are expected to be light as the U.S. stock market closes early on Friday.
Persons: Brendan McDermid, Joe Biden, Walt Organizations: Reuters, New York Stock Exchange, REUTERS, Dow, Apple Inc, Inc, Nasdaq, Stock, Walt Disney Co, iQIYI Inc, Alibaba, Holding, Tencent Holdings Locations: New York, U.S, COVID, Europe
Wall St. gains, Nasdaq hits record high as holiday shopping begins
  + stars: | 2020-11-27 | by ( Stephen Culp | ) + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks advanced, with the Nasdaq closing at a record high, on Friday in a holiday-shortened week as retailers kicked off the year-end shopping season amid record COVID-19 hospitalizations. The Nasdaq outperformed as investors favored tech-related, market-leading stocks that have fared well during the pandemic, while economically sensitive cyclical stocks weighed. All three indexes rose for the week, in which the S&P 500 reached a new closing high and the blue-chip Dow ended above 30,000 for the first time ever. Of the 11 major sectors in the S&P 500, healthcare companies enjoyed the largest percentage gains while energy shares had the biggest percentage loss. The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 154 new highs and nine new lows.
Persons: Dow, , Peter Cardillo, bode, ” Cardillo, , Brendan McDermid, Jobs, decliners Organizations: YORK, Nasdaq, Spartan Capital Securities, ” Retailers, New York Stock Exchange, REUTERS, COVID, AstraZeneca, U.S, Pfizer Inc, Moderna Inc, Dow Jones, Philadelphia, Walt Disney Co, Tesla, iQIYI Inc, Reuters, Alibaba, Holding, Tencent Holdings, NYSE Locations: New York, U.S
If Amazon succeeds, it may slow Reliance’s plans to expand its e-commerce and brick-and-mortar operations. Amazon, Reliance and Future did not respond to requests for comment. Its budget supermarkets cater to middle-class shoppers, while its upmarket stores offer products like imported cheese and fresh guacamole, relatively rare in India’s retail landscape. Future’s retail assets would nearly triple Reliance’s footprint in the grocery segment and boost its e-commerce plans, said Forrester analyst Satish Meena. Amazon, Future and Reliance this month hired some of India’s top lawyers, who argued at length before a New Delhi judge.
Persons: Jeff Bezos, Mukesh Ambani, Joshua Roberts, Francis Mascarenhas, Amazon’s, Ambani, , Himanshu Bajaj, , reckons Forrester, Kishore Biyani, Biyani, DMart, Forrester, Satish Meena, Meena Organizations: Amazon, Reliance Industries, REUTERS, Future Retail, U.S ., Future, Industry, Walmart, Reliance, Silver Lake Partners, KKR, Co, reckons Forrester Research, UBS Locations: MUMBAI, DELHI, Washington , U.S, Mumbai, India, U.S, India’s, COVID, Delhi, America
If Amazon succeeds, it may slow Reliance’s plans to expand its e-commerce and brick-and-mortar operations. Amazon, Reliance and Future did not respond to requests for comment. Its budget supermarkets cater to middle-class shoppers, while its upmarket stores offer products like imported cheese and fresh guacamole, relatively rare in India’s retail landscape. Future’s retail assets would nearly triple Reliance’s footprint in the grocery segment and boost its e-commerce plans, said Forrester analyst Satish Meena. Amazon, Future and Reliance this month hired some of India’s top lawyers, who argued at length before a New Delhi judge.
Persons: Jeff Bezos, Mukesh Ambani, Niharika Kulkarni, Amazon’s, Ambani, , Himanshu Bajaj, , reckons Forrester, Kishore Biyani, Biyani, DMart, Forrester, Satish Meena, Meena Organizations: Big Bazaar, REUTERS, Reliance Industries, Future Retail, Amazon, U.S ., Future, Industry, Walmart, Silver Lake Partners, KKR, Co, reckons Forrester Research, Reliance, UBS Locations: MUMBAI, DELHI, Mumbai, India, U.S, India’s, COVID, Delhi, America
Newsletter Sign-up CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. The professional-services firm surveyed 656 executives at U.S. companies, 35% of whom are chief financial officers or finance professionals. The soft-drinks maker has upped its scenario-planning and improved its backup plans for the coming months, he said. Abercrombie & Fitch Co. , the clothing retailer, has been preparing for new lockdowns in the fall and winter, said finance chief Scott Lipesky. “While we would love to have all channels open to full capacity, we understand that’s not something that’s likely, at least perhaps [in] the winter months,” he said.
Persons: Joe Biden, Trump, , John Murphy, Hunter Williams, Oliver Wyman, Scott Lipesky, Lipesky, Peter Servold, ” Mr, “ We’re, ” Abercrombie, Servold, , Atif Zaim, Steven Cirulis, Jacob Reynolds, — Nina Trentmann, Kristin Broughton, Mark Maurer Organizations: PricewaterhouseCoopers LLP, U.S, Companies, Retailers, Abercrombie, Fitch Co, Fitch, KPMG LLP, Potbelly Corp, Covid, mark.maurer Locations: New York , Minnesota, Nevada, New Albany , Ohio, U.S, Atlanta, Chicago, Kristin.Broughton
But this month, Huachen stands on the brink of bankruptcy, defaulting on 6.5 billion yuan ($987.48 million) in debt obligations. Huachen and its Hong Kong-listed Brilliance unit, which also has a joint venture with Renault SA, did not respond to requests for comment. Last year, Huachen sold just 1,184 Huasong MPVs, while GM sold around 150,000 GL8s in China. The group sold just 800,000 vehicles last year - the majority from the BMW Brilliance joint venture. ($1=7.7529 Hong Kong dollars)($1 = 6.5824 Chinese yuan renminbi)
Persons: Harald Krueger, Chen Qiufa, Huachen, , , Li Keqiang, Angela Merkel, Renault, Lou Weiliang, , Gao Xingang, Vincent Jin, Yale Zhang, “ Zhonghua, Qi Yumin, Qi, BYD, “ Huachen, Qi Kai Organizations: BMW, Huachen, Communist, REUTERS, Bavarian marque, SAIC Motor, Guangzhou Automobile Group, Renault SA, Reuters, China’s, JV, Fangda Partners, HK, Guangzhou Automobile, Buick, General Motors Co, Analysts Locations: BEIJING, China, Liaoning province, Shenyang, Liaoning, Hong Kong, Shanghai, , Dalian, Beijing
GM Plans to Seek Banking Charter to Grow Auto-Lending Business
  + stars: | 2020-11-27 | by ( Orla Mccaffrey | Mike Colias | ) sentiment -0.99   time to read: 1 min
General Motors Co. is looking to get back in the banking business. The auto maker’s lending arm is drawing up plans to apply for a banking charter, a move that would allow it to accept deposits and expand its auto-finance business, according to people familiar with the matter. General Motors Financial Company Inc. has been talking to federal...
Organizations: Motors Co, General Motors Financial Company Inc
Arcturus Therapeutics is co-developing a vaccine candidate for Covid-19 in collaboration with Duke-NUS Medical School in Singapore, called ARCT-021. Jakub Porzycki | NurPhoto | Getty ImagesSINGAPORE — A Covid-19 vaccine candidate co-developed by Singapore scientists has shown positive interim results and could be available as early as 2021. Early this month, Arcturus announced positive interim clinical study results from its ongoing Phase 1/2 study of its vaccine candidate, ARCT-021. The Arcturus vaccine can be delivered as a single or multiple-dose. Delivery by early 2021Singapore's Economic Development Board (EDB) has committed about $220 million to the Arcturus vaccine so far.
Persons: Jakub Porzycki, Joseph Payne, Arcturus, Steve Hughes, Payne, Joseph Payne President, Recipharm Organizations: Arcturus Therapeutics, Covid, Duke, NUS Medical School, NurPhoto, Getty, SINGAPORE, Arcturus, CNBC, Moderna, Pfizer, Board, U.S Locations: Singapore, American, San Diego, that's, Israel, Europe
Executives at a "blank-check" company targeting a firm in the wealth management and asset management industries shed light on what the SPAC could buy. We spoke with Kingswood Group Chief Executive Gary Wilder, the SPAC's executive chairman, and veteran US wealth executive Larry Roth, who is on the SPAC's board of directors. SPACs, or "blank-check" companies, IPO with the sole mandate of taking another company public by buying it. Oppenheimer & Co, where Roth serves on the board, was the sole bookrunning manager for the Kingswood SPAC. That the Kingswood SPAC is seeking out a foothold in the US RIA industry reflects that market's massive growth in recent years.
Persons: Gary Wilder, Larry Roth, Wilder, Read, Roth, Morgan, Merrill Lynch Organizations: New York Stock Exchange, Kingswood Group, Kingswood, Corp, Financial, Oppenheimer, Co, Morgan Stanley Wealth Management Locations: London, Kingswood
How Will Co-Living Survive the Pandemic?
  + stars: | 2020-11-27 | by ( Sydney Franklin | ) sentiment -0.98   time to read: +2 min
Co-living residents often pay a higher price per square footage for a bedroom than what their neighbors in traditional buildings might pay. In the East Village, StreetEasy puts an apartment with three or more bedrooms at a median rent of $4,400. But in the long run, he says, after the pandemic is over, people will be drawn back to the co-living properties that provide more than just a room to rent. The most elusive amenity that co-living companies originally offered is that of community. In the pandemic, co-living companies have emphasized other aspects of their model, since many of their common areas are closed or limited, and meeting new people presents a health risk.
Persons: Nevins, StreetEasy, Hurtado, , , Nancy Wu, ” Richard Lustigman, Marcy Snyder, Snyder Organizations: Companies, New York University Locations: Williamsburg, Burgos’s, JLL
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