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REUTERS/Dado Ruvic/Illustration/File PhotoAnglo-Swedish drugmaker AstraZeneca (AZN.L) said on Tuesday a study of its monoclonal antibody treatment, AZD7442, did not meet the main goal of preventing symptomatic COVID-19 in people recently exposed to the novel coronavirus. AZD7442 reduced the risk of developing symptomatic COVID-19 by 33% compared to a placebo, which was not statistically significant, the company reported. AstraZeneca is also studying the treatment in a pre-exposed patients trial and for preventing more severe disease. The monoclonal antibody therapy belongs to a class of drugs which mimic natural antibodies the body produces to fight off the infection. Rivals Regeneron Pharmaceuticals Inc (REGN.O) and Eli Lilly & Co (LLY.N) have both developed monoclonal antibody therapies which have been authorised for use in the United States to treat patients infected with the virus.
Persons: Dado Ruvic, AZD7442, Eli Lilly Organizations: Astra, AstraZeneca, REUTERS, Rivals Regeneron Pharmaceuticals Inc, European Medicines Agency, GlaxoSmithKline, Vir Biotechnology Inc, Lonza, U.S ., U.S, Thomson Locations: Swedish, United States, Celltrion, Swiss, Portsmouth , New Hampshire
Nike Super Spikes Are So Fast That Rivals Are Wearing Them
  + stars: | 2021-06-14 | by ( Rachel Bachman | ) sentiment -0.89   time to read: +1 min
The shoe-technology revolution Nike unleashed on the marathon-running world five years ago with mysterious prototypes has veered onto the track, where a growing army of “super spikes” from the swoosh and other brands is shredding records. Debate rages about the degree of advantage conferred by the new spikes, which feature soles with a rigid plate and superlight, energy-returning foam. Reebok and Brooks have said they’ll allow their athletes to wear another brand at the trials. The running brand On, which recently developed its first-ever track spike, has left open the possibility of its runners doing so as well. Two other brands, Mizuno and Skechers, didn’t answer emailed questions from The Wall Street Journal.
Persons: Brooks, Mizuno, Organizations: Nike, U.S, Olympic, Brands, Reebok, Wall Street, , Athletics Locations: Eugene ,
Kathryn Garcia at a New York City mayoral campaign event in June in Brooklyn's Bushwick neighborhood. All I want to do is deliver for New York City residents. You've gotta actually lead from the front, and you've gotta follow the data and make sure that we're using tactics that are effective at stopping and preventing crime. You've gotta walk the walk, it's not just talk the talk. [People who've lost trust in the police] have gotta see it, they've gotta be talking to police officers, rebuilding that relationship.
Persons: Kathryn Garcia, Manhattan's, Garcia, Andrew Yang, he'd, , Eric Adams, Yang, Adams, Bill de Blasio, Michael M, you've, I'm, Andrew Cuomo, You've, we've, it's, They're, We've, who've, they've, they're Organizations: Democratic, NYC, New York Times, Democratic New York, The New York Times, Marist College, Brooklyn Borough, Marist, Siena College, Quinnipiac University, of Sanitation, Big Apple, New York, MTA, Metropolitan Transit Authority, Yorkers, New, Brooklyn - Locations: Democratic New York City, Hill, New York, New, New York City, Brooklyn's Bushwick, Brooklyn, Brooklyn - Queens, Staten, Queens
Patrick Semansky/Pool via REUTERSThe Group of Seven richest democracies on Saturday sought to counter China's growing influence by offering developing nations an infrastructure plan that would rival President Xi Jinping's multi-trillion-dollar Belt and Road initiative. "This is not just about confronting or taking on China," a senior official in Biden's administration said. More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. As part of the G7 plan, the United States will work with the U.S. Congress to supplement existing development financing and to "collectively catalyze hundreds of billions of dollars of infrastructure investment," the White House said. The Chinese foreign ministry did not immediately respond to a request for comment on the G7 infrastructure proposal or the U.S. official's remarks about forced labour.
Persons: Justin Trudeau, Charles Michel, Joe Biden, Yoshihide Suga, Boris Johnson, Mario Draghi, Emmanuel Macron, Ursula von der Leyen, Angela Merkel, Patrick Semansky, Xi Jinping's, Xi, Biden, official's Organizations: Canadian, European, Japan's, Italy's, Seven, Beijing, Initiative, U.S, Congress, White, LABOUR, United, Thomson Locations: U.S, British, Carbis Bay, Britain, England, China, Asia, Europe, Communist China, Beijing, Soviet Union, War, United States, Canada, Germany, Italy, France, Japan, Carbis, Xinjiang
Patrick Semansky/Pool via REUTERSThe Group of Seven richest democracies on Saturday sought to counter China's growing influence by offering developing nations an infrastructure plan that would rival President Xi Jinping's multi-trillion-dollar Belt and Road initiative. "This is not just about confronting or taking on China," a senior official in Biden's administration said. It was not immediately clear how exactly the plan would work or how much capital it would ultimately allocate. More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. As part of the G7 plan, the United States will work with the U.S. Congress to supplement existing development financing and to "collectively catalyze hundreds of billions of dollars of infrastructure investment", the White House said.
Persons: Justin Trudeau, Charles Michel, Joe Biden, Yoshihide Suga, Boris Johnson, Mario Draghi, Emmanuel Macron, Ursula von der Leyen, Angela Merkel, Patrick Semansky, Xi Jinping's, Xi, Biden, U.N Organizations: Canadian, European, Japan's, Italy's, Seven, Initiative, U.S, Congress, United, Thomson Locations: U.S, British, Carbis Bay, Britain, England, China, Asia, Europe, Communist China, Beijing, United States, Canada, Germany, Italy, France, Japan, Carbis, Soviet Union, War, Washington, Xinjiang
The Trump-era Justice Department requested data from Apple, Google, and Microsoft on his rivals. Apple on Friday told CNBC that the grand jury subpoena included a gag order, keeping Apple from telling customers about the requests. Press Secretary Jen Psaki in a June 5 statement said the White House hadn't been made aware of the gag order. The spokesperson added: "In this case, we were prevented from notifying the customer for more than two years because of a gag order. As soon as the gag order expired, we notified the customer who told us they were a congressional staffer."
Persons: Eric Swalwell, Trump, Donald Trump's, Microsoft —, Zack Whittaker, Adam Schiff, Swalwell, , Jen Psaki, hadn't, Schiff Organizations: Trump -, Department, Apple, Google, Microsoft, Rep, Department of Justice, CNBC, Trump Administration, Trump, The New York Times, The Times, Times, Microsoft Microsoft, The Daily, DOJ, Twitter
CMC doubles annual profit as trading volumes soar
  + stars: | 2021-06-10 | by ( ) + 0.99   time to read: +1 min
Dealers work at their desks whilst screens show market data at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez/File PhotoLondon-listed online trading platform CMC Markets (CMCX.L) said on Thursday annual profits more than doubledas volatility in financial markets last year drove strong trading volumes. CMC, which facilitates the trade of complex financial instruments, raised its targets multiple times this year as a retail trading frenzy on Wall Street fuelled volumes after the pandemic-driven swings last year. Its pretax profit rose to 224 million pounds ($315.91 million) for the year ended March 31 from 98.7 million pounds a year earlier. "The Group believes that existing active client levels are likely to be sustainable," CMC said, but pointed towards a moderation in trading activity from prior highs.
Persons: Dylan Martinez Organizations: CMC Markets, REUTERS, CMC, Rivals, Thomson Locations: London, Britain
REUTERS/Dylan Martinez/File PhotoBritish online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits. CMC, which facilitates the trade of complex financial instruments, raised its outlook multiple times this year as a retail trading boom fuelled volumes. Rivals IG (IGG.L) and Plus500 (PLUSP.L) have also reported strong results, powered partly by the "GameStonk" retail trading phenomenon. read more'UNDERCUT THE MARKET'The GameStonk effect has been most visible in the United States, where online brokers such as Robinhood have thrived on the back of a retail trading boom. The company did not disclose further details on its planned wealth platform, first reported by Sky News, but Cruddas was confident of its prospects.
Persons: Dylan Martinez, Hargreaves, AJ Bell, Peter Cruddas, David Fineberg, Cruddas Organizations: CMC Markets, REUTERS, CMC, Reuters, Rivals, GameStop, Sky News, Thomson Locations: London, Britain, United States
Top Mayoral Rivals Attack Adams and Clash on Policing and Ethics
  + stars: | 2021-06-10 | by ( Katie Glueck | ) + 0.61   time to read: +2 min
More than any other candidate, Mr. Adams has discussed issues of rising gun violence and other crime, at a time when polls show public safety to be a top priority for New York Democratic voters. At the debate, the contenders focused on issues of gun violence as well as hate crimes. She went on to sketch out plans for confronting mental illness and homelessness as part of the solution. And as in previous debates, some of the clearest distinctions in the field emerged over issues of public safety, as Ms. Wiley staked out some of the most left-leaning positions on the stage. Asked about the idea of taking guns away from New York Police Department officers, every candidate except for Ms. Wiley said no.
Persons: Adams’s, Adams, we’ve, , Kathryn Garcia, Wiley, Scott M, Stringer, “ We’re, ” Mr Organizations: New York Democratic, New York Police Department, Yorkers Locations: New York
A historic approval of Biogen's Alzheimer's drug will have ramifications across the drug industry. That bet paid off on Monday, when the Food and Drug Administration approved its Alzheimer's drug, called Aduhelm. New treatments could mean new opportunities for diagnostics companies like QuanterixBiogen's drug approval could be good for diagnostic companies like Quanterix. Alzheon is developing an oral treatment and an Alzheimer's testperfectlab/ShutterstockMassachusetts drug company Alzheon has a clear pathway to drug approval following the Aduhelm approval. If all goes well, Alzheon hopes to file for FDA approval in 2025.
Persons: Jefferies, Andrew Tsai, Biogen, Eisai, Eli Lilly, Daniel Skovronsky Eli Lilly, Eli Lilly's, Bernstein, Ronny Gal, Lilly, Roche, Andrea Pfeifer, Prothena, Kennen MacKay, Michael Yee, Quanterix, hasn't, James Brewer, Dr, William Burke, Matt York, Brian Tanquilut, Tanquilut, RadNet, aren't, Tsai, Alzheon Organizations: Rivals, and Drug Administration, FDA, Big Pharma, Roche, RBC Capital Markets, Banner Alzheimers Institute, Associated Press Companies, Athira Pharma Locations: Alzheimer's, Massachusetts, Swiss, Colombia, Phoenix, Seattle, ATH
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProsieben CEO: our digital, diversification strategy is different than rivalsProsiebenSat Media 1 SE Chairman of the Executive Board Rainer Beaujean discusses the German media group's diversification and digitalization strategy.
Persons: Rainer Beaujean Organizations: ProsiebenSat Media
Google just made a key concession to smaller search rivals in Europe
  + stars: | 2021-06-08 | by ( Ryan Browne | ) sentiment -1.00   time to read: +2 min
LONDON — Google said Tuesday that it will stop charging a fee for search engines to appear in a list of default search engines on Android that's exclusive to European users. Now, Google has scrapped the auctions, in a key concession to the U.S. internet giant's smaller competitors. In 2018, the EU fined Google $5 billion for allegedly favoring its own search engine within Android. The company appealed the penalty and introduced its "choice screen" preference menu in an effort to address the EU's concerns. But smaller rivals, including DuckDuckGo, Qwant and Ecosia, complained that this "pay-to-play" auction system favored cash-rich competitors, such as Microsoft's Bing.
Persons: Oliver Bethell, Microsoft's Bing, We've, Christian Kroll, Kroll Organizations: Google, Android, European Union, European Commission, EU, Ecosia's Locations: Ecosia
New York City will have a new mayor as Bill de Blasio hits his term limit. Controversies and notable items: Since launching his mayoral campaign, Yang has been under much heavier scrutiny than he faced while running for president. Eric AdamsBrooklyn Borough President and Democratic New York City mayoral candidate Eric Adams. Dianne MoralesNonprofit executive and Democratic New York City mayoral candidate Dianne Morales. Shaun DonovanNew York City mayoral candidate Shaun Donovan.
Persons: Bill de Blasio, pollsters —, Marist —, Andrew Yang, Eric Adams jockeying, Kathryn Garcia, Mark Lennihan, Yang, Davis, Kaplan, Tusk, Bradley Tusk, Eric Adams, Andrew Katz, John Jay, Adams, Spencer Platt, Garcia, Dianne Morales, Morales, Member Carlos Menchaca, Hunter Walker, Walker, Scott Stringer, de, Gracie, Stringer, Jerry Nadler, de Blasio, endorsers, Adriano Espaillat, Maya Wiley, Donald Trump's, Robert Mueller's, George Wiley, Wiley, Dermot Shea, Hakeem Jeffries, Alexandria Ocasio, Ray McGuire, McGuire, Wasserstein Perella, Merrill Lynch, Morgan Stanley, Michael Bloomberg, Gregory Meeks of, Jay, Gwen Carr, Eric Garner, Shaun Donovan, Andrew Lichtenstein, Harvard University —, Bill Clinton, Donovan, Barack Obama, Obama Organizations: Democratic, New, Quinnipiac, Marist, Brooklyn Borough, NYC, The New York Times, New York Daily News, Andrew Yang Democratic, AP, IBM, Philips Exeter Academy, Brown University, Polk, Columbia University, Manhattan Prep, Venture for America, Bank, Rivals, Eric Adams Brooklyn Borough, Democratic New York, Pacific Press, Getty, Black Brooklyn Borough, Bayside High School, New York City College of Technology, John, John Jay College of Criminal, Marist College, New York Times, Kathryn Garcia Democratic New York, Stuyvesant High School, University of Wisconsin, Department of Sanitation, Department of Environmental, Environmental, Water Supply, Waste Equity Law, The New York Times Editorial Board, Phipps, SUNY, SUNY Stony Brook, Harvard Graduate School of Education, Latina, Member, Police, Fund, NYPD, The, Reuters, Gracie Mansion, Upper West Side, Intercept, Maya Wiley Democratic New York, NBC News, MSNBC, Dartmouth College, Columbia Law School, NAACP, Milano School of Policy, Management, New School, Deal, Progress, New York City Housing Authority, Democratic Reps, Citigroup, Hotchkiss School, Harvard University, Boston, Credit Suisse, Wall, Brooklyn, Shaun Donovan New York, Community Preservation Corporation, Multifamily Housing, Department of Housing, Urban Development, New York City Department of Housing Preservation, Development, Housing, Budget, Hurricane, Force Locations: York, pollsters — Siena, Brooklyn, Schenectady , New York, New York City, Somers, America, New Hampshire, Eric Adams Brooklyn, Democratic New York City, Brownsville , Brooklyn, Queens, New, Adams, Kathryn Garcia Democratic New York City, Yorker, Madison, New York, South Bronx, SUNY Stony, Brooklyn's Bedford, Stuyvesant, de Blasio, Manhattan, Maya Wiley Democratic New York City, Deal New York, Alexandria, Cortez, Dayton , Ohio, Connecticut, Boston, Shaun Donovan New York City
France's Casino expands Amazon partnership with collect services
  + stars: | 2021-06-03 | by ( ) sentiment -0.94   time to read: +1 min
The logo of Casino supermarket is pictured in Paris, France, March 3, 2021. REUTERS/Gonzalo Fuentes/File PhotoFrench supermarket group Casino (CASP.PA) and U.S. e-commerce giant Amazon said on Thursday they were expanding a tie-up for grocery deliveries in an online food retail market that has become increasingly competitive. The Casino group caused a stir in 2018 when its upmarket Monoprix stores struck a deal with Amazon, considered one of the biggest rivals to retailers trying to boost their own e-commerce operations. The latest partnership would affect Casino-branded stores, and involves the roll-out of new click-and-collect services for Amazon Prime members. Its Casino-brand stores first struck a e-commerce partnership with Britain's Ocado in 2017.
Persons: Gonzalo Fuentes, Britain's Ocado, Uber Organizations: REUTERS, Amazon, Amazon Prime, Ferrand, Rivals, Carrefour, Google, Thomson Locations: Paris, France, Annecy, Clermont
He's meeting with everyone from Queen Elizabeth to Vladimir Putin. President Joe Biden will take his first trip abroad as commander-in-chief this month, featuring a slew of important meetings with important US allies as well as top adversaries. Biden will be meeting with everyone from British Prime Minister Boris Johnson and Queen Elizabeth to Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin. With US-Russia tensions at a historic high, Biden's meeting with Putin will in many ways be the most anticipated aspect of the trip. Here's a quick breakdown of Biden's jam-packed schedule on his first trip abroad:
Persons: Biden, Queen Elizabeth, Vladimir Putin, Joe Biden, Trump, Boris Johnson, Recep Tayyip Erdogan, He'll, Putin, Erdogan, he'll, Here's Organizations: British, NATO, Biden Locations: Belgium, Switzerland, Russia, Washington, Moscow, Kremlin, Ukraine, Turkey, NATO, Ankara
Ghost kitchen operator CloudKitchens is developing virtual food halls that welcome walk-in traffic. The newer shared kitchen facilities represent a pivot for CloudKitchens, an ultra-secret ghost kitchen business run by Kalanick and several Uber alumni. CloudKitchens, a ghost kitchen pioneer along with Kitchen United, has declined requests to comment on its evolving business strategy. Each food hall is branded with a no-nonsense name that typically represents its geographic location – South Loop Food Company in Chicago, Oakland Food Hall, Blodgett Food Hall in Houston, and Columbus Food Hall in Ohio. Nancy LunaAdjusting amid a ghost kitchen boomIn a post-pandemic world, restaurant operators like Bloom have plenty of options as the ghost kitchen space has seen tremendous growth.
Persons: Uber, Travis Kalanick, Queen Mary, San Jose, Insider's Meghan Morris, CloudKitchens, Nancy Luna, David Bloom, Bloom, Landon Luxembourg, John Kolaski, Kolaski Organizations: Kalanick, Saudi, Downtown Food, San, Kitchen United, & Company, Food, Oakland Food Hall, Blodgett Food Hall, Columbus Food Hall, Tiger Global Management, Subway, Kitchen, Reef Technologies, Hospitality, CloudKitchens Locations: San Jose, Southern California, Long Beach , California, Jose, Downtown, City, San, Los Angeles, Chicago, Mendocino Farms, Houston, Ohio, Long Beach, Ireland, Vegas, Anaheim, Luxembourg, Santa Monica, Lawndale, The Anaheim
For Years, Netanyahu Outfoxed His Rivals. What Changed This Week?
  + stars: | 2021-06-03 | by ( Patrick Kingsley | Adam Rasgon | ) sentiment -0.81   time to read: +1 min
JERUSALEM — Naftali Bennett, the leader of a hard-right political party, stood before television cameras and pledged never to share power with Yair Lapid, a centrist, and Mansour Abbas, an Islamist. It was March 22, the day before Israel’s fourth election in two years. Yet late Wednesday night, just 72 days later, there was Mr. Bennett, sitting down beside both Mr. Abbas and Mr. Lapid and signing a deal that, pending a confidence vote in Parliament later this month, would see all three unite in the first government since 2009 that won’t be led by Prime Minister Benjamin Netanyahu. Through three consecutive elections between April 2019 and March 2020, Mr. Netanyahu had kept them all at bay. The question of what changed since a fourth inconclusive election in March — and why — has several answers, both systemic and circumstantial.
Persons: JERUSALEM — Naftali Bennett, Yair Lapid, Mansour Abbas, Israel’s, Bennett, Abbas, Lapid, won’t, Benjamin Netanyahu, Netanyahu, Organizations: Mr
Invesco Forges a Different Path in China From Its Bigger U.S. Rivals
  + stars: | 2021-06-02 | by ( Jing Yang | ) + 1.00   time to read: +1 min
As the world’s biggest asset managers gear up to make inroads into China’s mutual-fund industry, Invesco Ltd. has its eyes on a different prize. The Atlanta-based investment firm is hoping to manage a piece of China’s national pension fund, betting its nearly two-decade record of investing ordinary Chinese citizens’ money could help it win the coveted job. Invesco Great Wall Fund Management, the firm’s China joint venture, “will be in a good position to be qualified” when the national pension reserve fund is ready to onboard new managers, Mr. The last time new investment mandates were allocated for yuan-denominated assets was in 2010. Invesco’s ambition, which contrasts with that of its bigger U.S. rivals, extends the unique path that the 85-year-old American firm has charted in China.
Persons: , Andrew Lo, Lo Organizations: Invesco Ltd, , Pacific, Wall Fund Management Locations: Atlanta, Asia, China
Amazon Prime Day will be a two-day event running on June 21 and 22
  + stars: | 2021-06-02 | by ( Mary Hanbury | ) sentiment -0.83   time to read: +2 min
Amazon Prime Day starts at midnight PDT (3am ET) on June 21, and runs through June 22. Amazon confirmed Wednesday that its annual shopping bonanza, Amazon Prime Day, will be spread across two days this year, on June 21 and 22. Amazon Prime Day launched in 2015 and has become one of the company's busiest shopping days of the year. Amazon said that its 2020 holiday shopping period, covering Prime Day, November, and December, was its busiest period on record. In a statement Wednesday, Amazon said it would promote small businesses on Prime Day by giving people $10 credit if they spend $10 on items from these sellers.
Organizations: Amazon, Rivals Walmart, Target, Amazon Prime, , Walmart, Analysts
Content-recommendation firm Revcontent has been acquired by Star Mountain Capital and Capital Dynamics. Star Mountain Capital, which will take majority ownership, lists on its website that its direct investments range from $5 million to $50 million in size. Bruce Eatroff, Star Mountain Capital managing director, confirmed the investment — which is part equity, part debt — falls within this range. Marques said Taboola and Outbrain soon becoming public companies will be helpful for Revcontent, as far as public disclosures are concerned. Content recommendation companies' advertising widgets are often ridiculed as "chumboxes" that tout low-quality hearing aid ads and clickbait celebrity slideshows.
Persons: Revcontent, Bruce Eatroff, Richard Marques, Marques, Outbrain confidentially, Taboola, Outbrain, Eatroff Organizations: Star Mountain Capital, Capital Dynamics, Mountain Capital, Dynamics, Forbes, USA, Barstool Sports, Securities and Exchange Commission Locations: Florida, Mountain
Netanyahu's rivals reached a deal to oust him as Israel's prime minister. The Knesset, Israel's parliament, must still ratify the agreement in a confidence vote, which will occur within 12 days. Under the deal, Bennett would serve as prime minister until 2023 and Lapid would then take the helm. Netanyahu, Israel's longest serving leader, has taken a hawkish stance toward Palestinians that's created tensions with the US at times. Then-Vice President Joe Biden meets with Israeli Prime Minister Benjamin Netanyahu in November 2010.
Persons: He's, Naftali Bennett, Benjamin Netanyahu's, Yair Lapid, Netanyahu, could've, Bennett, Lapid, Israel's, that's, , Donald Trump, Joe Biden, Benjamin Netanyahu, Gerald Herbert, Joe Biden's, Trump, Biden, Antony Blinken Organizations: Wednesday, Trump, Israeli, Associated Press, Hamas, Progressive Democrats, Democratic, West Bank Locations: Israel, Gaza, Jerusalem
Netanyahu Rivals Agree on Israeli Coalition to Oust Him
  + stars: | 2021-06-02 | by ( Patrick Kingsley | ) sentiment -0.99   time to read: +1 min
JERUSALEM — Israeli opposition parties announced on Wednesday that they had reached a coalition agreement to form a government and oust Benjamin Netanyahu, the longest-serving prime minister in Israeli history and a dominant figure who has pushed his nation’s politics to the right. The announcement could lead to the easing of a political impasse that has produced four elections in two years and left Israel without a stable government or a state budget. The new coalition is an unusual and awkward alliance between eight political parties from a diverse array of ideologies, from the left to the far right. The alliance would be led until 2023 by Naftali Bennett, a former settler leader and standard-bearer for religious nationalists, who opposes a Palestinian state and wants Israel to annex the majority of the occupied West Bank. He is a former ally of Mr. Netanyahu often described as more right wing than the prime minister.
Persons: Benjamin Netanyahu, Naftali Bennett, Mr, Netanyahu Organizations: West Bank Locations: JERUSALEM, Israel, Palestinian
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. BEIJING — Two of China's rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas. But in the financial trading world, demand for cryptocurrencies is high as bitcoin's price surged to record levels above $60,000, before dropping sharply to around $35,000. Robinhood, which launched bitcoin and ethereum trading in the U.S. in early 2018, has added 3 million customers a month this year for its crypto business. "We do hear a lot of interest from our users across the world in terms of crypto.
Persons: Arthur Chen Organizations: Tiger Brokers, Nasdaq, CNBC Locations: BEIJING, Singapore, U.S
For every 100 Amazon employees about 5.9 were injured in 2020, as compared to 2.5 at Walmart warehouses. Amazon warehouse workers are more likely to get injured than employees at comparable companies like Walmart, according to a report from The Washington Post. Employees at Amazon warehouses are nearly twice as likely to report serious injuries, according to the SOC report, which found that for every 100 employees there were 5.9 Amazon injuries reported last year, as compared to 2.5 at Walmart warehouses. An expert said the injuries could be attributed to Amazon's high productivity goals, though the OSHA data does not break down the root of the workplace injuries. Though workplace injuries at Amazon were still higher than at other warehouses in 2020, the number of injuries slightly decreased.
Persons: , Debbie Berkowitz, Jeff Bezos Organizations: Walmart, The Washington, Amazon, Occupational Safety, Health Administration, Post, Strategic Organizing, Employees, COVID, OSHA, Washington Locations: Washington, The, Canada
Netanyahu's disparate rivals try to nail down pact to unseat him
  + stars: | 2021-05-31 | by ( Dan Williams | ) + 0.00   time to read: +4 min
Israeli Prime Minister Benjamin Netanyahu delivers a statement in the Knesset, the Israeli Parliament, in Jerusalem May 30, 2021. Yonatan Sindel/Pool via REUTERSIsraeli Prime Minister Benjamin Netanyahu's rivals on Monday sought to finalise a unity coalition that would unseat the veteran leader, as political commentators predicted a bitter fight ahead. Centrist opposition chief Yair Lapid won support on Sunday from ultranationalist Naftali Bennett for a "change" government of ideologically disparate rivals. read moreThe deal, in which Bennett would serve first as prime minister under a rotation with Lapid, must be finalised by a deadline of midnight (2200GMT) on Wednesday. Because of the two-year political stalemate, Israel is using a pro-rated version of the 2019 budget, which was approved in mid-2018.
Persons: Benjamin Netanyahu, Yonatan, Benjamin Netanyahu's, Yair Lapid, ultranationalist Naftali Bennett, Bennett, Netanyahu, Sima Kadmon, imperil, Israel Hayom, Lapid, there's Organizations: Israeli, Netanyahu, Likud Party, West Bank, Thomson Locations: Jerusalem, Israel, imperil Israel, Saar
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