GENEVA—The World Health Organization (WHO) said on Thursday that it was seeking further data from Merck on its experimental new antiviral COVID-19 pill and hoped to issue guidance in coming weeks regarding its use for mild and moderate cases. “This is a drug that we are currently evaluating and we met with Merck on Friday…
WHO Says Seeks More Data From Merck on COVID-19 Anti-Viral, From Bharat on Vaccine
October 29, 2021
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Futures Rise on Positive Earnings; GDP Data Awaited
October 28, 2021
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U.S. stock index futures edged higher on Thursday, led by gains in Caterpillar, Merck, and Ford after upbeat quarterly earnings, while investors awaited data that will likely throw light on the pace of the economic recovery. The Commerce Department’s advance gross domestic product report, due at 08:30 a.m. ET, will likely show the U.S. economy…
Tesla Opens New China Research, Data Centers; Will Store Data Locally
October 25, 2021
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BEIJING—U.S. electric vehicle maker Tesla Inc. said on Monday it had built a research center and a separate data center in Shanghai, where it manufactures Model 3 sedans and Model Y sport-utility vehicles. The auto research and development center, Tesla’s first outside the United States, employs engineers for software, electronics, materials, and charging, it said…
French Luxury Goods Groups’ Shares Hit by Weak Chinese Data
October 18, 2021
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PARIS—Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermes also fell 1.2 percent. China’s economy…
World Shares Mostly Lower as Chinese Growth Data Disappoints
October 18, 2021
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World shares were mostly lower on Monday after China reported its economy grew at a meager 4.9 percent annual pace in July-September. Germany’s DAX declined 0.5 percent to 15,506.11 and the CAC 40 in Paris gave up 0.8 percent to 6,676.21. Britain’s FTSE 100 lost 0.2 percent to 7,216.79. The future for the Dow industrials…
China Could be Exploiting Internet Security Process to Steal Data, Cyber Experts Warn
October 17, 2021
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To access data from unsuspecting users, the Chinese Communist Party (CCP) could be exploiting a universal authentication process that is thought to be secure, but in reality may not be, cybersecurity experts warned. While encryption remains the preferred method to secure digital data and protect computers, in some cases, the very digital certificates used for…
Fed’s Barkin Says More Data Needed Before Rate Hikes Are Appropriate
Richmond Federal Reserve President Tom Barkin on Thursday said the U.S. central bank has cleared a path for what he hopes to be a “seamless” start to a reduction in its support for the economy, but that it will take more time to determine when interest rate hikes will be appropriate. “We still have a…
Yellen Calls for ‘Strong Action’ to Boost Data Integrity at IMF, World Bank
October 14, 2021
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WASHINGTON—U.S. Treasury Secretary Janet Yellen on Thursday called for “strong action” by international financial institutions to boost accountability, protect data integrity, and prevent misconduct in the wake of a World Bank data-rigging scandal. Yellen, in a statement to the steering committee of the International Monetary Fund, also called for moves by international financial institutions to…
Cryptocurrencies Post Eight Straight Weeks of Inflows: CoinShares Data
NEW YORK—Cryptocurrency products and funds attracted $226.2 million in investments last week, marking their eighth straight week of inflows, a report from digital asset manager CoinShares showed on Tuesday. Over an eight-week run, total crypto product inflows hit $638 million, with a year-to-date total of $6.3 billion. Bitcoin, as expected, led the way, nabbing $225…
Futures Rise Ahead of JPMorgan Results, Inflation Data
October 13, 2021
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U.S. stock index futures edged higher on Wednesday ahead of quarterly results from JPMorgan which will kick off the corporate earnings season, with investors awaiting inflation data for clues on the future path of monetary policy. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and Tesla rose more than 0.5 percent…
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