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Tag: says

World

Bill Gates doesn’t expect a virus vaccine before year-end — but he says one drugmaker has the best chance

“We do see good antibody levels both in the phase one and the phase two (trials), so we’re pretty hopeful,” Gates told CNBC. International: Top News And Analysis

World

Markets are facing a potential ‘Minsky moment’ collapse, strategist says

Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in March, according to Ron William, market strategist and founder of RW Advisory.…

World

U.S. and European firms face $1 trillion in costs to relocate their Chinese supply chains, BofA says

Foreign firms looking to move their manufacturing processes outside of China in the wake of coronavirus could face $ 1 trillion in costs over five years, according to new Bank of America research. International: Top…

US News

Peace deal between UAE and Israel could lead to more U.S. arms business, GOP Sen. Tom Cotton says

Cotton, who sits on the Senate Armed Services Committee, said the move could entice other Middle Eastern countries to buy more U.S. defense material. U.S. News

World

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

The Federal Open Market Committee released a statement following its two-day meeting that concluded Wednesday. International: Top News And Analysis

US News

Amazon warehouse worker says she was written up in July for taking too many breaks from work

Hibaq Mohamed, an Amazon worker in Minnesota, has long been an outspoken critic of the company’s labor practices. U.S. News

World

Airborne transmission of coronavirus in restaurants, gyms and other closed spaces can’t be ruled out, WHO says

The agency says the main mode of transmission is still believed to be through respiratory droplets. International: Top News And Analysis

US News

Coronavirus on track to overwhelm Houston hospitals in two weeks, mayor says

Hospitals in Houston, Texas are on track to be overwhelmed in approximately two weeks as coronavirus cases mount, Mayor Sylvester Turner said on Sunday. U.S. News

World

IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

The IEA warned the economic impact of the health crisis could have “serious” implications for energy security and clean energy transitions. International: Top News And Analysis

US News

Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus

Buffett said Berkshire sold its entire stake in United, American, Southwest and Delta Airlines, worth more than $ 4 billion on December 31. U.S. News

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