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☆ High rates are historically bad for bitcoin. Here’s what’s in store for crypto with the 10-year near 5%
▼ + stars: | 2023-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

High interest rates have not been bitcoin's friend in the past, and the benchmark 10-year U.S. Treasury yield recently reaching new generational highs comes at an especially inconvenient time for the cryptocurrency. "We continue to see high yields as a negative for bitcoin and in particular crypto more broadly," said Needham analyst John Todaro. The central bank chief also left the door open for higher interest rates , saying he doesn't think levels are currently too high. In the past, high yields have put pressure on crypto, giving investors fewer reasons to bet on high-risk assets such as bitcoin in the face of high yield, low risk assets like government bonds. Callie Cox, an analyst at the investment company eToro, said bitcoin could actually continue to do well — partly as a result of high interest rates.

Persons: it's, Needham, John Todaro, Jerome Powell, Rob Ginsberg, Ginsberg, Callie Cox, bitcoin, What's, Crypto, Cox Organizations: Treasury, Wolfe Research

☆ What new U.S. export controls on China mean for Nvidia and other key parts of AI ecosystem
▼ + stars: | 2023-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Washington's tightened grip on artificial intelligence chip sales to China could have long-term implications for Nvidia , 2023's famed AI darling. Through Wednesday's close, Nvidia, the dominant AI player, had lost 7% this week, while Advanced Micro Devices and Marvell Technology slumped more than 2%. What it means for Nvidia Nvidia said in an SEC filing this week that the latest government curbs could hinder its new product development timeline, and a handful of chip models. The major aim of the latest U.S. restrictions is to prevent China from harnessing advanced semiconductor chips to strengthen its military. To be sure, Nvidia isn't the only company slated to feel the pressure from the latest export curbs.

Persons: Greg Bassuk, Atif Malik, Morgan Stanley's Joseph Moore, Malik, America's Vivek Arya, Harlan Sur, Goldman Sachs, Toshiya Hari, Paul Meeks, Meeks, Charles Shi, JPMorgan's, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, U.S . Commerce Department, Devices, Marvell Technology, Commerce Department, Micron Technology, AXS Investments, Nvidia Nvidia, SEC, United, United Arab Emirates, Citi, Intel, Investments, Bank, America's, JPMorgan Chase, Lam Locations: China, Boise , Idaho, Vietnam, Saudi Arabia, United Arab, Freemont , California

☆ Fiji and Australia boost cyber security cooperation
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Prime Minister of Fiji Sitiveni Ligamamada Rabuka addresses the 78th United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 22, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsSYDNEY, Oct 18 (Reuters) - Fiji and Australia will cooperate on cyber security, with Australia also boosting aid to its Pacific Islands neighbour under an enhanced partnership, Australian Prime Minister Anthony Albanese said after meeting his Fijian counterpart on Wednesday. Fiji Prime Minister Sitiveni Rabuka, on his first three-day official visit to Australia since becoming leader in December, said the relationship with Australia was warm. Under Rabuka's government, Fiji has put a decade-old policing agreement with China on hold, and sought to increase defence ties with Australia. Albanese said Australia had agreed to provide more budget support to Fiji "to help economic recovery and to boost growth", and would sell it 14 Bushmaster protected vehicles to support the Fiji military's peacekeeping operations around the world.

Persons: Mike Segar, Anthony Albanese, Sitiveni Rabuka, Rabuka, Albanese, Kirsty Needham, Lincoln Organizations: United Nations General Assembly, REUTERS, Rights, Australian, Fijian, Fiji, Australia, Lowy Institute, Pacific, Fiji military's, Thomson Locations: Fiji, U.N, New York City , New York, U.S, Australia, China, Canberra, United States

☆ Australia hopes for China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

[1/2] Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Australia lodged a complaint over China's tariffs on its wine at the WTO in 2021. Until the tariffs, China was Australia's top wine export market, peaking at A$1.2 billion ($770 million) for the 12 months to January 2020. Officials are unable to comment publicly on a WTO report prior to publication. Australia wanted to take the faster path of negotiating an outcome with China on wine, as it did in the barley dispute.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle, Barbara Lewis Organizations: REUTERS, Rights, Canberra, World Trade Organization, Australian, WTO, Trade, China Business Council, Reuters, Thomson Locations: Beijing, China, Australia, Canberra

☆ Australia 'hopeful' on China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Oct 17 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday he remained "very hopeful of a breakthrough" in a trade dispute with China over wine tariffs, as a deadline for the publication of a World Trade Organization ruling nears. "I'm very hopeful of a breakthrough that removes the impediments when it comes to wine," Albanese told reporters on Tuesday, noting Australia's wine industry had substantial exports to China before the tariffs were imposed in 2020. Officials are unable to publicly comment on a WTO report until it is published. Australia last month rejected China's proposal for a "packaged solution" that would tie the wine dispute to those about duties on Australian imports of Chinese steel.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle Organizations: REUTERS, Rights, Australian, World Trade Organization, WTO, Trade, Sky News, COVID, Trans, Pacific, Thomson Locations: Beijing, China, Australia

SYDNEY, Oct 16 (Reuters) - Australian Prime Minister Anthony Albanese said on Monday he accepted his share of blame for the failure of a referendum question on Indigenous recognition that could weaken his authority. Albanese staked significant political capital on a "Yes" vote, pushing ahead despite the opposition Liberal party opposing it. He faced Liberal leader Peter Dutton during parliamentary question time on Monday for the first time since the referendum failure. The referendum outcome is seen as a major setback for reconciliation efforts with the country's Indigenous community and risks damaging Australia's image in the world regarding how it treats people in that community. Remote areas dominated by Indigenous communities voted strongly in favour of the referendum question, Albanese said, in contrast to the rest of the country.

Persons: Anthony Albanese, Albanese, Peter Dutton, " Albanese, Tracey Nearmy, Dutton, Alasdair Pal, Kirsty Needham, Stephen Coates, Gerry Doyle Organizations: SYDNEY, Australian, Liberal, Old Australian, House, REUTERS, Labor, Sydney Morning Herald, Australian Financial, Thomson Locations: Canberra, Australia, Great Britain, Sydney

☆ Netflix's five-year drought: Stock only rises 4% since 2018 despite Nasdaq jumping 108%
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's five-year drought: Stock only rises 4% since 2018 despite Nasdaq jumping 108%Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Laura Martin, Needham senior internet and media analyst, gives her take on Netflix stock.

Persons: Brian Sullivan, “, Laura Martin, Needham Organizations: Nasdaq, CNBC, Netflix

☆ These companies reporting in the week ahead have a history of beating estimates and rising
▼ + stars: | 2023-10-15 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Elsewhere, UnitedHealth Group , a heavyweight in the Dow Jones Industrial Average, gained 2.6% after beating analysts' estimates for earnings and revenue. A number of stocks reporting in the week ahead have a great track record of topping earnings estimates and rallying, according to Bespoke Investment Group data. Citizens stock has slipped more than 34% in 2023. Western Alliance stock, meanwhile, has slipped more than 25% in 2023. WAL YTD mountain Western Alliance stock.

Persons: Goldman Sachs, Needham, Charles Shi, Michael Bloom Organizations: JPMorgan, Wells, UnitedHealth, Dow Jones, Investment, Financial, Citizens, Western Alliance, Lam Research Locations: Wells Fargo

☆ Top Wall Street analysts believe in the long-term potential of these stocks
▼ + stars: | 2023-10-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

In this article COSTMUINTCMETAAMZN Follow your favorite stocks CREATE FREE ACCOUNTAn Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative long-term prospects and the ability to navigate near-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. JPMorgan analyst Doug Anmuth noted the recent sell-off in AMZN stock and highlighted certain investor concerns. Also on investors' mind is Amazon Web Services' growth, with multiple third-party data sources indicating a slowdown in September.

Persons: Sandy Huffaker, Wall, Doug Anmuth, Anmuth, TipRanks, Needham, Quinn Bolton, Bolton, Sidney Ho, Ho Organizations: MU, Reuters Investors, Investors, JPMorgan, Federal Trade, Meta, Meta Connect, Intel, Systems Business, PSG, Bolton, TipRanks, Micron Technology, Deutsche Bank, Micron, Costco Locations: Poway , California

☆ Australia's referendum failure could lead to more divisive politics, analysts say
▼ + stars: | 2023-10-15 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

[1/2] 'Yes' campaigners drive past voters lining up at a polling booth during The Voice referendum in Queanbeyan, Australia, October 14, 2023. Prime Minister Anthony Albanese misread the public mood, analysts said on Sunday, as he took responsibility for the referendum result, in which only the national capital voted "Yes" from among eight states and territories. Elected in 1996, Albanese saw the failure of the 1999 referendum for Australia to become a republic. Dutton may not try to win back these Teal seats at the next election, Kenny said, adding that almost all of Labor's rural and outer-suburban, working class seats voted "No". Former Liberal Prime Minister Tony Abbott, who will join the board of Fox Corp next month, praised Dutton's "courageous" campaign against the referendum in an interview with Sky News.

Persons: Tracey Nearmy, Anthony Albanese, Albanese, Chris Wallace, Peter Dutton, Dutton, Mark Kenny, Kenny, " Albanese, Bridget McKenzie, Tony Abbott, Dutton's, Abbott, Simon Banks, Hawker Britton, Wallace, Kirsty Needham, Clarence Fernandez Organizations: REUTERS, Rights, First, Aboriginal, First Nations, University of Canberra, Liberal, Australian National University, Labor, Trump, Nationals, university's Australian Studies Institute, Victoria, Sunday, Fox Corp, Sky News, Liberal Party, Thomson Locations: Queanbeyan, Australia, Torres, U.S, New South Wales

☆ Australia's Referendum Failure Could Lead to More Divisive Politics, Analysts Say
▼ + stars: | 2023-10-14 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

By Kirsty NeedhamSYDNEY (Reuters) - Australia's decision to deny constitutional recognition to its First Peoples could herald a more divisive "Trump-style" politics at the next national election, while pushing the prime minister to pivot to cost of living issues, some analysts said. Now he is expected to pivot to addressing cost of living issues pressing on voters, which had made it harder to win the referendum, she added. Elected in 1996, Albanese saw the failure of the 1999 referendum for Australia to become a republic. Dutton may not try to win back these Teal seats at the next election, Kenny said, adding that almost all of Labor's rural and outer-suburban, working class seats voted "No". Former Liberal Prime Minister Tony Abbott, who will join the board of Fox Corp next month, praised Dutton's "courageous" campaign against the referendum in an interview with Sky News.

Persons: Kirsty Needham SYDNEY, Anthony Albanese, Albanese, Chris Wallace, Peter Dutton, Dutton, Mark Kenny, Kenny, " Albanese, Bridget McKenzie, Tony Abbott, Dutton's, Abbott, Simon Banks, Hawker Britton, Wallace, Kirsty Needham, Clarence Fernandez Organizations: First, Aboriginal, First Nations, University of Canberra, Liberal, Australian National University, Labor, Trump, Nationals, university's Australian Studies Institute, Victoria, Sunday, Fox Corp, Sky News, Liberal Party Locations: Torres, Australia, U.S, New South Wales

☆ Needham's double play in the semis
▼ + stars: | 2023-10-13 | by ( Scott Wapner | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeedham's double play in the semisThe "Halftime Report" Investment Committee debates Needham's buy call on Lam Research and Applied Materials.

Organizations: Lam Research, Materials

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more
▼ + stars: | 2023-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express . Mizuho reiterates Meta as buy Mizuho said it's standing by its buy rating heading into earnings later this month. Bernstein reiterates Tesla as underperform Bernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company. Barclays upgrades Varonis Systems to overweight from equal weight Barclays said it sees numerous positive catalysts ahead for the software company. Northland upgrades SolarEdge to outperform from market perform Northland said investors should buy the dip in shares of SolarEdge .

Persons: Cowen, NVDA, Mizuho, Stephens, Bernstein, Tesla, underperform Bernstein, Warren Buffett, Hershey, Morgan Stanley downgrades JD.com, Morgan Stanley, Gordon Haskett, Todd Vasos, Jeff Owen, Read, Wolfe, today's, Baird, Needham, Oppenheimer, Wells, LULU, Meghan Frank, Howard Tubin Organizations: HSBC, American, American Express, Bank of America, Nvidia, Meta, Barclays, Varonis, Hershey, JPMorgan, Post Holdings, Netflix, Citi, Oshkosh, Lam Research, Materials, Supply, VP Locations: 4Q22, Northland, SolarEdge, Israel, California

☆ Here are Wednesday's biggest analyst calls: Nvidia, Boeing, SoFi, Netflix, Apple, Cava, Walmart and more
▼ + stars: | 2023-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman Sachs said the solar company is very attractive. Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it's gaining confidence in the restaurant chain. JPMorgan upgrades CSX to overweight from neutral JPMorgan said rail concerns have already played out. JPMorgan upgrades Iris Energy to overweight from neutral JPMorgan said the bitcoin mining company is "best-in-class." JPMorgan initiates CleanSpark as overweight JPMorgan said the bitcoin miner offers "relative value."

Persons: Goldman Sachs, Wells, Wells Fargo, TD Cowen, Cowen, Stephens, Raymond James, it's bullish, Morgan Stanley, Cava, it's, UBS downgrades Morgan Stanley, Oppenheimer, Needham, Robinhood, MAUs, Truist, Piper Sandler, JPMorgan, Mizuho, SoFi, SOFI, Leerink, Apple Organizations: Netflix, JPMorgan, CSX, Nvidia, Iris Energy, Energy, UBS, Boeing, Oppenheimer downgrades Texas, Texas, Qs, Logistics, Amazon, Arista Networks, Barclays, Ball Corporation, Apple, Walmart, Deutsche Bank, Cboe Locations: CAVA, OW, U.S, China, ANET, SoFi

☆ Australian journalist Cheng Lei back home after China release
▼ + stars: | 2023-10-11 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

[1/6] Australian journalist Cheng Lei poses for a selfie at an unknown location in this undated picture obtained by Reuters on August 11, 2023. Nicholas Coyle/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Australian journalist Cheng Lei, who had been detained in China on national security charges for more than three years, returned home on Wednesday after being released, Australia's Prime Minister Anthony Albanese said. Cheng, who was tried in secret in March 2022, arrived in Melbourne and has been reunited with her two children and family, Albanese told a press conference. Albanese said he expected to visit China this year and told reporters dialogue with China was "a good thing". Albanese said Australia "continued to advocate" for another detained Australian journalist, Yang Hengjun, who has been held since January 2019.

Persons: Cheng Lei, Nicholas Coyle, Handout, Anthony Albanese, Cheng, Albanese, Penny Wong, I've, Xi Jinping, Ryan Neelam, " Albanese, Yang Hengjun, Yang, Adam Ni, Kirsty Needham, Laurie Chen, Alasdair Pal, Clarence Fernandez, Miral Organizations: Reuters, REUTERS, Rights, Australia's, Lowy Institute, Independent, Thomson Locations: Australian, China, Melbourne, Australia, Beijing, Independent China, Canberra, Sydney

☆ It's still too early to buy Disney, says Needham's Laura Martin
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's still too early to buy Disney, says Needham's Laura MartinHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Needham's Laura Martin, Brian Sullivan, “ Organizations: Disney, CNBC

Ruckel had to make a choice: Lower the price on Amazon or ask Chewy to raise the price of his product. The company also invests in tools to help sellers offer “competitive prices,” he said. Scott Needham, who sells on Amazon and runs a product-finder tool for other Amazon sellers, said he was “surprised by some of the points that the FTC selected.”watch now“I have over the years been very critical of Amazon,” Needham told CNBC. Competitors like Shopify and Walmart are increasingly viable alternatives for many categories of sellers, Needham said, not to mention rapidly growing Chinese e=commerce companies like Temu. Among those is a greater ability for Amazon sellers to communicate with buyers, offering select customers certain promotions.

Persons: Watchara, Fred Ruckel, Ruckel, Chewy, Fred Ruckel's, that’s, David Zapolsky, ”, ” Zapolsky, “, ” “, I'm, commenter, Scott Needham, ” Needham, “ I’ve, Needham, I’m, ” Scott Moller, Moller, ” Moller, ecommerce, he’s, Molson Hart, Hart Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Federal Trade Commission, FTC, Walmart Locations: Eastvale , California, Amazon’s

☆ Exclusive: Timor president says China military cooperation 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. Some Australian politicians expressed concern after China's state media reported on Saturday that Beijing's agreement with East Timor, around 700km (450 miles) north-west of Australia, also covered military exchanges. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln, 私 Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, United States, New York

☆ Exclusive: East Timor president says China military cooperation was 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia. Australia's relationship with East Timor is "stronger than at any time in the last decade", Australia's Department of Foreign Affairs said in a statement.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific, Australia's Department of Foreign Affairs, Thomson Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, New York

☆ Here are Thursday's biggest analyst calls: Meta, Apple, Amazon, GE, Sunrun, Micron, Microsoft & more
▼ + stars: | 2023-09-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi reiterates Sunrun as buy Citi said it's bullish heading into Sunrun earnings later this quarter. We believe RUN has higher inventory than its peers and will take longer to utilize the higher priced inventory." Bank of America reiterates Meta as buy Bank of America said it's standing by its buy rating on Meta shares after the company's Meta Connect event on Wednesday. Needham reiterates Amazon as buy Needham said investors should buy any dip in shares of the e-commerce giant. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on shares Micron after its earnings report on Wednesday.

Persons: BTIG, Evercore, Teradata, Sunrun, it's, Ray Ban Smart, Needham, Wolfe, Bernstein, TSCO, Davidson's, Apple, Goldman Sachs, Goldman, Wendy's Organizations: Citi, UBS, Bank of America, Meta, Boeing, Davidson, Tractor Supply, JPMorgan, Huntington Ingalls Industries, Defense, Microsoft, Apple, Services, Digital Investment Management, Deutsche Bank, General Electric, Deutsche, GE, Emerson Electric Deutsche, Micron Locations: financials

☆ US backs Pacific undersea internet cable amid China competition
▼ + stars: | 2023-09-28 | by ( Joe Brock | ) www.reuters.com time to read: +3 min

Workers install the 2Africa undersea cable on the beach in Amanzimtoti, South Africa, February 7, 2023. The Central Pacific Cable would connect American Samoa with Guam - two U.S. territories - and extend to up to 12 more Pacific islands, according to a document showing the cable route. Undersea internet cables typically take at least 3-5 years to be developed and installed. Tonga was cut off from global telecommunication networks for a month last year after a volcanic eruption and tsunami severed its only undersea cable. Washington intervened two years ago to block a Chinese company from building another subsea internet cable in the Pacific islands, Reuters reported at the time.

Persons: Rogan Ward, Paul McCann, John Hibbard, APTelecom, Hibbard, McCann, Joe Biden, Biden, Solomon, Joe Brock, Kirsty Needham Organizations: REUTERS, Pacific, Reuters, Central Pacific Cable, Futuna, Federated, World Bank, U.S . Trade, Development Agency, U.S, East Micronesia Cable, Thomson Locations: Amanzimtoti, South Africa, China, SINGAPORE, United States, American Samoa, Guam, U.S, Singapore, Papua New Guinea, Samoa, Tuvalu, Fiji, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis, Federated States, Micronesia, Australia, New Zealand, Washington, Tonga, Beijing, Japan, Sydney

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. The concerns over the limited use of the drug, however, dragged the shares down to settle 8% lower. That makes the label narrower than that in Europe, which allows use in all adults with late-onset Pompe disease. At least one analyst said the drug's label, which restricts its use only to switch patients, weighed on the drugmaker's shares. Amicus said it would launch the therapy immediately in the U.S. with a list price of around $650,000 for a patient weighing about 70 kilograms.

Persons: Andrew Kelly, Needham, Gil Blum, Sriparna Roy, Shinjini Ganguli, Sriraj, Shweta Agarwal Organizations: Food and Drug Administration, FDA, REUTERS, Amicus Therapeutics, U.S . Food, Sanofi, Amicus, Thomson Locations: White Oak , Maryland, U.S, Europe, Sanofi, Bengaluru

☆ Solomon Islands leader says he skipped Biden summit to avoid 'lecture'
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - Solomon Islands Prime Minister Manesseh Sogavare said he skipped a Pacific Islands leaders summit at the White House this week to avoid a "lecture" and because he had more pressing issues at home. "They lecture you about how good they are", he said, according to a video of the press conference published by Solomon Islands media company Tavuli News on Wednesday evening. Sogavare said he returned because there were 10 weeks left of parliament at home in Solomon Islands, which was more important. At the United Nations General Assembly in New York, Sogavare had praised China's development cooperation as "less restrictive".

Persons: Manasseh Sogavare, Eduardo Munoz, Manesseh Sogavare, Joe Biden, Sogavare, James Marape, Biden, Kirsty Needham, Anil D'Silva Organizations: Islands, General Assembly, REUTERS, Rights, Solomon Islands, Pacific, United Nations, Island Forum, Solomon, Biden Administration, Papua New Guinea, United Nations General Assembly, Thomson Locations: New York City, U.S, Solomon, China, Solomon Islands, United States, Washington, Pacific, Papua New, New York

☆ Taiwan lobbies Australian lawmakers on supporting its bid for Pacific trade pact
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 26 (Reuters) - Taiwan President Tsai Ing-wen on Tuesday called on Australia to support its bid to join a pan-Pacific free trade pact during a meeting with a group of visiting Australian lawmakers. The CPTPP is a landmark trade pact agreed upon in 2018 by 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "We look forward to the continued strengthening of economic and trade cooperation between Taiwan and Australia," Tsai said in comments released by her office. "We also hope that the Australian government and parliament will support Taiwan's accession to the CPTPP to jointly promote economic growth and sustainable development of the Indo-Pacific region." "Protecting the free and open Indo-Pacific region is the common goal of Taiwan and Australia."

Persons: Tsai Ing, Tsai, Don Farrell, Ben Blanchard, Kirsty Needham, Gerry Doyle Organizations: Trans, Pacific, Taiwan, Australian Trade, Thomson Locations: TAIPEI, Taiwan, Australia, China, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain, Taipei, Sydney

☆ Watch CNBC’s full interview with Needham’s Laura Martin
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Needham’s Laura MartinLaura Martin, Needham senior analyst, joins 'The Exchange' to discuss what Hollywood writers' tentative deal with studios to end strike means, how media stocks will play out, and more.

Persons: Needham’s Laura Martin Laura Martin, Needham Organizations: Hollywood

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