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Gilead (NASDAQ:GILD) Share Price Moves up after FDA Approves Veklury® (remdesivir)
October 23, 2020 03:59 PM AEDT| By Team Kalkine MediaOn 22 October 2020, the US FDA gave the green light to Gilead’s Veklury® (remdesivir) making the antiviral drug the first officially approved treatment for COVID-19, an infection caused by the novel coronavirus, SARS-CoV-2. The shar.....
Goldman Sachs to Pay US$2 billion over Malaysia’s 1MDB scandal
October 23, 2020 03:02 PM AEDT| By Team Kalkine MediaNew York’s leading global investment bank, Goldman Sachs has agreed to a much-anticipated settlement with the US Justice Department and would pay over US$2 billion for its role in Malaysia’s 1MDB scandal. It would let Goldman Sachs avoi.....
AstraZeneca (LON:AZN) to resume COVID-19 vaccine trial in the US ahead of elections?
October 22, 2020 09:55 PM AEDT| By Team Kalkine MediaAstraZeneca’s COVID-19 clinical trials in the US are anticipated to start again as early as this week after the US Food and Drug Administration (FDA) completed its review of a serious illness, sources told Reuters. As per one of the sou.....
Is the Gold Price Ready to Move Out of Shadows?
October 22, 2020 06:44 PM AEDT| By Team Kalkine MediaGold prices are taking a breather after an impeccable rally with the Australian gold spot entering a consolidation between $2,610 to $2,698 per ounce. However, in the recent few trading sessions, gold prices have shown some interesting developments.....
Purdue Pharma reaches US$8 bn settlement, Why did the OxyContin maker plead guilty?
October 22, 2020 06:38 PM AEDT| By Edita IvancevicPurdue Pharma agreed to an A$11.6 billion (US$8 billion) settlement after pleading guilty for uncontrolled selling of its controversial opioid product OxyContin. The active ingredient oxycodone has caused more than 450,000 American deaths since 19.....
A look at Tesla’s Powerwall
October 22, 2020 06:21 PM AEDT| By Edita IvancevicOutmost sustainability is a crucial goal for Tesla and its CEO and co-founder, Elon Musk, who never ceases with inventing new sustainable products. MUST WATCH: Why is Tesla Stock doing so well? As almost every other smart Tesla (NASDAQ:TSLA) inve.....
Australian energy prices plummet to a six-year low in National Electricity Market
October 22, 2020 05:22 PM AEDT| By Team Kalkine MediaThe Australian Energy Market Operator (AEMO) released the Quarterly Energy Dynamics (QED) report for Q3 ending on 30 September 2020, outlining the electricity demand variations, price variations in the wholesale electricity and gas market. AEMO als.....
RBA Deputy Guy Debelle All Praise for Policymakers’ Role in COVID-19 Recovery
October 22, 2020 04:24 PM AEDT| By Team Kalkine MediaSpeaking at FX Week Australia 2020, the RBA Deputy Governor Guy Debelle applauded the central banks and governments’ swift action against the COVID-19 crisis. Mr Debelle hailed the quick recovery in market conditions after sharp deterioration.....
PayPal throws its hat in the cryptocurrency ring, Bitcoin to become ubiquitous
October 22, 2020 03:32 PM AEDT| By Team Kalkine MediaOn 21st October, PayPal (NASDAQ:PYPL) announced its entrance into the cryptocurrency market, enabling its customers to transact bitcoins and other cryptocurrencies through their PayPal accounts. This represents the company’s vision to enable .....
Netflix Subscription Tepid, Is Binge watching on the wane?
October 22, 2020 03:08 PM AEDT| By Team Kalkine MediaNetflix released dismal earnings report for Q3 2020, falling short on its guidance for earnings per share. Besides, Netflix subscriber growth lowered considerably in the third quarter after its subscription skyrocketed in the first half of the year.....
Centuria (ASX:CNI) to raise $100 Million as it acquires Visy Glass Facility
October 22, 2020 02:54 PM AEDT| By Team Kalkine MediaASX-listed Centuria Capital Group (ASX:CNI) has acquired Visy glass facility in Auckland at NZ$178 million through its wholly-owned subsidiary. The acquisition by Centuria will be on a 20-year sale and leaseback, forming a new NZ single asset unli.....
RBA Governor Philip Lowe Stares at Super Low Interest Rates
October 22, 2020 12:15 AM AEDT| By Team Kalkine MediaReserve Bank of Australia Governor Philip Lowe, in a speech, revealed that the bank was considering to further ease the interest rates. He said that the move would create a more massive effect when the economy gains back the momentum. .....
Coronavirus’ impact on global economy: Are US & China out of the woods?
October 22, 2020 12:12 AM AEDT| By Kunal SawhneyThe Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spre.....
Why did WeWork fall?
October 22, 2020 12:10 AM AEDT| By Edita IvancevicEveryone has heard of WeWork at some stage – maybe they applied for jobs, saw their vibrant offices and millennials that work there, or have heard about the WeWork job affair from the end of last year. With almost 800 offices across all cont.....
UK national borrowings grow as coronavirus support continues
October 21, 2020 11:02 PM AEDT| By Team Kalkine MediaPublic sector borrowings of the UK government were worth £36 billion during September 2020, according to the latest data from the Office for National Statistics. The corresponding value in September 2019 was £28 billion. It is the thir.....
Why is the Department of Justice filing an antitrust suit against Google?
October 21, 2020 10:09 PM AEDT| By Edita IvancevicAfter years of thorough investigations and one published research held by the House Judiciary Committee, an antitrust suit against Google (NYSE:GOOGL) has come through late at night local time on 19 October. The Department of Justice is currently .....
Gordon Brown Urges Govt To Pay Subsidy to Employers for Hiring Workers Under 25
October 21, 2020 09:28 PM AEDT| By Team Kalkine MediaFormer Prime Minister Gordon Brown, who led the country during the financial crisis of late 2000, has urged the government to provide employers a subsidy of £100 a week to recruit workers below the age of 25. Amid the pandemic, unemplo.....
How is the Banking Sector dealing with Climate Change Related Systemic Risks?
October 21, 2020 08:02 PM AEDT| By Team Kalkine MediaBanks are under regulatory and economic pressure to safeguard themselves from the effects of climate change. In the months ahead, banking authorities around the world are now reinforcing new climate risk management guidelines and are preparing to i.....
General Motors Resurrects Hummer As a 350 Miles EV Avatar, Goes Head-on with Tesla’s Cybertruck
October 21, 2020 05:55 PM AEDT| By Team Kalkine MediaGeneral Motors is all set to hit the EV market once again with its recent launch of Hummer EV – a progeny of gas-guzzling military-style SUV that the Company acquired in 1998. General Motors would now bring-in a new prototype of the beast mod.....
At E-Commerce Summit, Scott Morrison eyes a digital decade for Australia
October 21, 2020 05:25 PM AEDT| By Team Kalkine MediaPrime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit at Parliament House in Canberra, he highlighted the adoption of digital technologies by businesses a...
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