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Moderna To Seek FDA, Global Approval For New Children Covid Drug
May 25, 2021 12:30 PM EDT| By Kiran MuraliModerna, Inc. (NASDAQ: MRNA) said on May 25 that a clinical study of its COVID-19 vaccine mRNA-1273 showed 100 percent effectiveness in the 12 to 17 years age group. Moderna CEO Stéphane Bancel said the company would submit the study data t.....
A Piece of YouTube History Sells as an NFT for Over Three-Quarter of a Million Dollars
May 25, 2021 01:14 AM EDT| By Team Kalkine MediaSummary One of YouTube’s most viewed videos – “Charlie Bit My Finger” – has sold at auction as an NFT for US$761,000. A Non-Fungible Token (NFT) is a digital asset that can hold valuables such as art and cryptocurr.....
COVID-19: The two months that took away 135K Indian lives
May 24, 2021 10:37 PM EDT| By Furquan MoharkanSummary India reports the lowest caseload in 73 days. Deaths continue unabated. Of every three global COVID-19 deaths reported last week, one was Indian. India on Monday reported less than 200,000 fresh COVID-19 cases, the lowest case tal.....
Breathonix’s COVID-19 breath test obtains conditional approval in Singapore
May 24, 2021 08:08 PM EDT| By Team Kalkine MediaSummary Singapore health authority has given provisional approval for the COVID-19 breath test developed by Breathonix. The COVID-19 breathalyzer detects the volatile organic compounds (VOCs) biomarkers and can generate findings within sixty se.....
US Markets Close Higher As Tech, Cyclical Stocks Shine
May 24, 2021 06:38 PM EDT| By Team Kalkine MediaAll benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to focus on opportunities from the reopening of the economy. The S&P 500 gained 0.99% to 4197.05....
The business of podcasting: How do podcasters rake in revenue?
May 24, 2021 05:44 AM EDT| By Team Kalkine MediaSummary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of podcasts accounts for the lion’s share of revenue despite there being over 1.7 million podcas.....
Virgin Galactic Completes Third Spaceflight
May 23, 2021 04:55 AM EDT| By Kiran MuraliSummary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the first from New Mexico. Jeff Bezos’ space company Blue Origin will launch its first space to.....
How protective are COVID-19 vaccines against new variants?
May 23, 2021 04:51 AM EDT| By Kiran MuraliSummary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. Both the vaccines give similar protection against the strain first found in India and the one domin.....
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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 04:46 AM EDT| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
Carbon Prices at an All-Time High; What’s Ahead?
May 22, 2021 10:40 AM EDT| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 22, 2021 10:37 AM EDT| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 22, 2021 10:33 AM EDT| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
US Proposes 15% Tax On Global Corporate Profits
May 21, 2021 11:34 PM EDT| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 21, 2021 11:02 PM EDT| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
US Stocks Rebound On Upbeat Labor Data
May 20, 2021 06:17 PM EDT| By Team Kalkine MediaAll benchmark US indices closed higher on Thursday, May 20, halting a downward trend witnessed in the past three days, as stocks bounced back sharply amid positive labor data. The S&P 500 was up 1.06% to 4,159.12. The Dow Jones Industrial Averag...
Is US getting ready to tighten monetary policy? Fed drops hawkish hints
May 19, 2021 10:28 PM EDT| By Furquan MoharkanSummary The Fed has said that it would tighten the monetary policy, if the economy improves. The Fed hints at truncating its bond purchases programme. The balance sheet of Fed has doubled during the pandemic. The US Federal Reserve is mul.....
US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall
May 19, 2021 06:32 PM EDT| By Team Kalkine MediaUS stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors and a sharp decline of cryptocurrencies. The S&P 500 was down 0.29% to 4,115.68. The Dow Jones...
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 19, 2021 02:13 AM EDT| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c.....
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 19, 2021 01:05 AM EDT| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s.....
Yellen bats for increased taxes for businesses
May 18, 2021 09:34 PM EDT| By Furquan MoharkanSummary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labour unions. She said that the American Families Plan would be funded by increasing taxes on rich p.....
