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World news
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Remdesivir drives Gilead’s Q4 FY20 sales, sales momentum likely to continue
February 05, 2021 05:23 PM AEDT| By Team Kalkine MediaAmerican biopharmaceutical player Gilead Sciences Inc (Nasdaq:GILD) continues to play a central role in the COVID-19 pandemic, with its drug remdesivir (Veklury®). On 4 February 2021, the biopharmaceutical player announced its Q4 and FY 2020 r.....
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Myanmar Military Temporarily Shutters Facebook Access
February 05, 2021 04:15 PM AEDT| By Team Kalkine MediaThe military government in Myanmar has temporarily shut down access to social media platform Facebook. The move comes almost a week after the ouster of the democratically elected Aung San Suu Kyi. As per reports, Facebook and its other services, i.....
Ford Motor focuses on EVs; says semiconductor chip shortage to hit Q1 production
February 05, 2021 04:10 PM AEDT| By Team Kalkine MediaMichigan-headquartered Ford Motor Company announced today that it intends to increase investments in electric vehicles (EVs) and self-driving (or autonomous) vehicles. Earlier, the automaker stated that it would slash shifts at two plants that deve.....
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US to get 3rd COVID-19 vaccine, Johnson & Johnson files Emergency Use Authorization
February 05, 2021 03:08 PM AEDT| By Team Kalkine MediaJohnson & Johnson (NYSE:JNJ) updated the market that Janssen Biotech Inc has submitted an application to the US regulator for an Emergency Use Authorization (EUA) of its COVID-19 vaccine candidate. Let us deep dive and discuss in detail: The .....
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Brazil's Vale Agrees To Cough Up $7Bn In Brumadinho Settlement
February 05, 2021 12:53 PM AEDT| By Team Kalkine MediaBrazilian iron ore mammoth Vale S.A. has reached a deal with the state of Minas Gerais and prosecutors to settle the claims concerning the Brumadinho disaster. The iron ore major will now address the environmental and social damage resulting from th...
Microsoft All Praise For New Media Laws Amid Australia-Google Row
February 05, 2021 12:17 PM AEDT| By Team Kalkine MediaThe Australian government’s ongoing efforts for implementation of new media rules has taken a new turn. The rules proposed by the government are said to support the local businesses amid increasing global competition. With the new rules, the.....
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US stock rally continues; Dow ends up over 330 points
February 05, 2021 08:48 AM AEDT| By Team Kalkine MediaThe US stocks rose on Thursday following three straight positive sessions, as the speculative retail trading frenzy faded and robust corporate earnings and economic data remained in focus. Besides, the rise in vaccine roll-outs in the US adds to th.....
Revelation Biosciences finishes dosing for five single dose cohorts
February 05, 2021 12:17 AM AEDT| By Hina ChowdharyClinical stage life sciences company Revelation Biosciences Inc. announced on 3 February that it has been conceded approval to make an addition of a multiple dose cohort to its Phase-1 clinical study of REVTx‑99 in healthy volunteers by t...
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Fitch Ratings dominates The Asset’s Rating Agency Awards 2020, wins five honours
February 04, 2021 06:24 PM AEDT| By Hina ChowdharyFitch Ratings Inc. dominated ‘The Asset Triple A Rating Agency of the Year Awards 2020’ by winning five awards. The credit rating agency won in the categories including Corporate, ESG, Public Finance and Sovereign Rating Agency of the Y.....
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Apple to reportedly invest USD 3.6B in Kia for EVs production
February 04, 2021 05:19 PM AEDT| By Hina ChowdharyThere has always been speculation around Apple Inc (NASDAQ: AAPL) entering the growing EV market, though the iPhone maker never officially commented on it. Media is abuzz with reports of an imminent Apple-Kia Motors deal worth 3.6 billion.....
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BNPL stocks react after the UK proposed regulatory changes
February 04, 2021 03:55 PM AEDT| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
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PayPal caps off 2020 in style with record numbers
February 04, 2021 03:03 PM AEDT| By Team Kalkine MediaBuoyed PayPal Holdings Inc. (NASDAQ:PYPL) today unveiled an excellent set of numbers to present the fourth-quarter and full-year 2020 results. Riding high on the consumers’ shift towards online payments amid the pandemic, the fintech giant cl.....
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GameStop’s shares closed higher as company makes new leadership appointments
February 04, 2021 02:30 PM AEDT| By Team Kalkine MediaGameStop shares have lost significant value after smashing through the roof last week. On Wednesday, the meme stock closed 2.68% higher at $92.41, but GME shares were nearly 4% lower in the after-hours trading. Copyright © 2021 Kalkin.....
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What you need to know about Andy Jassy, Amazon’s Next CEO
February 04, 2021 01:46 PM AEDT| By Team Kalkine MediaAmerican multinational technology company Amazon is undergoing a major transformation, as Founder Jeff Bezos is all set to step down as the CEO after starting his journey some 27 years ago. Bezos, who went on to become the world’s richest man.....
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Wall Street rally continues on strong corporate earnings
February 04, 2021 08:58 AM AEDT| By Kunal SawhneyThe major Wall Street equity indices extended their rally to the third consecutive day on Wednesday on strong corporate earnings and better-than-expected hiring data. Shares of Google’s parent Alphabet closed up 7.28 per cent after the compan.....
Spacex‘S Starship Explodes During Second Test Flight Landing, FAA To Launch Probe
February 04, 2021 03:26 AM AEDT| By Kunal SawhneyElon Musk’s private space company SpaceX’s next-generation Starship rocket -- Starship prototype Serial Number 9 (SN9) -- though launched successfully on 2 February, exploded while attempting to land after a development test fli.....
Global tech tax: EU officials join US counterparts for early rollout
February 04, 2021 12:03 AM AEDT| By Kunal SawhneyA global tech tax is in the works, which means tech giants around the world will be hit with higher taxes, after the European Union officials had a detailed discussion with US treasury secretary Janet Yellen and German Finance Minister Olaf Scholz .....
Hormel is eyeing to buy Kraft Heinz’s brand Planters
February 03, 2021 09:55 PM AEDT| By Team Kalkine MediaThe Kraft Heinz Company (NASDAQ: KHC) is in talks with Hormel Foods Corporation (NYSE: HRL) to sell its Planter snack business for $3 billion. The deal might be finalised in the new few weeks as Hormel is .....
Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Pressure
February 03, 2021 08:58 PM AEDT| By Team Kalkine MediaUS oil and gas giant Exxon Mobil announced a new business venture called ExxonMobil Low Carbon Solutions focusing on low-emission technologies. The company pledged to invest US $3 billion till 2025 in carbon capture storage and other low emissions .....
T-Mobile Finalises Price to Buy Shentel Wireless Business
February 03, 2021 08:42 PM AEDT| By Team Kalkine MediaMobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets. T-Mobile is expected to shell out $1.95 billion for acquiring Shentel’s wireless business......
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