[ad_1] The US Food and Drug Administration building in Silver Spring, Md. Associated Press WASHINGTON – US regulators on Tuesday allowed emergency use of the first rapid coronavirus test that can be performed and developed entirely at home. The announcement by the Food and Drug Administration represents an important step …
Read More »Simon Property, Taubman agrees to cut prices in reverse merger
[ad_1] High-end shopping mall developer Taubman Centers Inc. has agreed to accept a price cut in its acquisition by Simon Property Group Inc., in a move that will allow the companies to avoid a lengthy legal battle that was supposed to start on Monday. The companies agreed that Simon SPG, …
Read More »These scientists pour cold water on a seemingly critical similarity between COVID-19 and the 1918 ‘Spanish flu’
[ad_1] “Cytokine storms” were a common feature of the 1918 flu, historians and health professionals say. But what is the role of potentially fatal immune responses in the coronavirus pandemic? About 500 million people, or a third of the world’s population, were infected with the Spanish flu of 1918. An …
Read More »Beyond Meat’s stock plummets more than 25% as COVID-19 bites into earnings
[ad_1] Beyond Meat Inc. reported third quarter results on Monday. Getty Images Shares of Beyond Meat Inc. plunged more than 25% in extended trading Monday after the leading name in the vegetable meat field reported third-quarter results that fell short of Wall Street estimates. The poor quarter was exacerbated by …
Read More »Profits soar 82% at Warren Buffett’s Berkshire Hathaway, but pandemic hurts business
[ad_1] Warren Buffett of Berkshire Hathaway Getty Images OMAHA, Neb. – Warren Buffett’s conglomerate saw an 82% increase in third quarter profits as the value of its investment portfolio soared, but Berkshire Hathaway said the coronavirus pandemic continued to hurt its assorted businesses like the BNSF railway. Berkshire BRK.B, + …
Read More »Sony’s net profit more than doubled
[ad_1] Sony Corp.’s second-quarter net profit more than doubled from the previous year thanks to higher earnings from its gaming business and lower tax expenses. The Japanese electronics and entertainment company said Wednesday that net profit for the quarter ended September 30 rose to 459.63 billion yen ($ 4.40 billion) …
Read More »Shares of Tata Motors rise after revenue fell less than expected, Jaguar Land Rover makes a profit
[ad_1] The U.S.-listed shares of Tata Motors Ltd. TTM, + 4.63% 500470, + 0.71% After the Indian automaker posted lower-than-expected fiscal second-quarter revenue on Tuesday, the Jaguar Land Rover division posted a profit for the quarter. Revenue for the quarter fell 18.2% to INR 535.30 billion ($ 7.26 billion), but …
Read More »Bitcoin prices have risen to their highest since 2018 – here’s why
[ad_2][ad_1] The price of bitcoin hasn’t been that high in about two years, and bullish investors in the world’s most popular cryptocurrency are seeing new reasons to cheer on the asset. The recent rally for the progenitor of the cryptocurrency craze comes as PayPal Holdings Inc. PYPL, + 0.18% Wednesday …
Read More »Bitcoin prices slide amid speculation that a cryptocurrency block likely linked to creator Satoshi Nakamoto just changed hands
[ad_2][ad_1] Bitcoin prices fell Wednesday afternoon due to speculation that a long-dormant block of coins, with links to the alleged creator of the virtual asset, has just changed hands. A Twitter account set up to issue tweet alerts when coins tied to certain addresses are traded indicated an exchange of …
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