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4:44 a.m. Feb. 22, 2021 - By Steve Goldstein
Lagarde says ECB is closely monitoring bond yieldsEuropean Central Bank President Christine Lagarde said Monday that the central bank "is closely monitoring the evolution of longer-term nominal bond yields." The yields on the 10-year bonds of Germany, France and Italy fell after her remarks. Bond yields in the U.S. and eurozone have increased lately, on the view that the rollout of vaccines and fiscal stimulus will reflate the global economy. "Within the broad-based set of indicators that we monitor to assess whether financing conditions are still favourable, risk-free overnight indexed swap (OIS) rates and sovereign yields are particularly important, because they are good early indicators of what happens at downstream stages of monetary policy transmission, since banks use those yields as a reference when setting the price of their loans to households and firms," said Lagarde at the opening plenary session of the European Parliamentary Week 2021.
10:31 p.m. Feb. 14, 2021 - By Steve Goldstein
Vivendi shares jump 22% on plan to list Universal Music GroupVivendi Universal shares opened 22% higher in Paris after it said and list the music label in Amsterdam by the end of the year. Bollore , holds more than a quarter of Vivendi, gained 15%.
1:11 a.m. Jan. 26, 2021 - By Tomi Kilgore
Tilray's stock surges after being selected to supply cannabis to France's ANSM for experimentationShares of Tilray Inc. surged 3.6% in premarket trading Tuesday, after the Canada-based cannabis company said it has been selected by France's National Agency for the Safety of Medicines and Health Products (ANSM) to provide medical cannabis products for experimentation. Tilray said it will supply the medical cannabis, starting in the first quarter of 2021, for the duration of the French experiment, which is expected to last for 18 to 24 months. The cannabis will be exported to France from Tilray's facility in Portugal. "Today's announcement marks another milestone for Tilray as we expand operations in Europe," said Tilray Chief Executive Brendan Kennedy. "We are proud to be able to offer access to a variety of high-quality, pharmaceutical-grade medical cannabis products to the ANSM while supporting patients in need in France." Tilray's stock has soared 193.3% over the past three months through Monday, while the ETFMG Alternative Harvest ETF has rallied 68.5% and the S&P 500 has gained 13.4%.
9:33 a.m. Jan. 25, 2021 - By Ciara Linnane
Biden to reinstate travel bans amid fears about new variants as global case tally heads toward 100 million Dr. Fauci says Johnson & Johnson’s one-dose vaccine could bet emergency use authorization within two weeksThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 headed closer to 100 million on Monday with the U.S. accounting for a quarter of that total, as President Joe Biden prepared to reinstate travel restrictions against foreign citizens visiting the U.S. from Brazil, the U.K, Ireland and much of the rest of Europe, as well as South Africa.
8:00 a.m. Jan. 20, 2021 - By Ciara Linnane
Biden to overhaul U.S. pandemic management as death toll heads above 402,000 New president is expected to rejoin WHO, sign up for COVAX program and restore NSC-backed pandemic committeeThe global case tally for the coronavirus-borne illness COVID-19 climbed above 96.4million on Wednesday, and the U.S. death toll headed above 402,000 as President Joe Biden was inaugurated with plans to fully overhaul the U.S. approach to the pandemic.
2:38 a.m. Jan. 13, 2021 - By Tomi Kilgore
Plug Power's stock surges again, after more than doubling the past 6 daysShares of Plug Power Inc. charged 7.6% higher in premarket trading, adding to the more than doubling over the past six sessions, after B. Riley Securities analyst Christopher Souther boosted his price target by more than 50%. The stock, which has rocketed 105.2% the past six days to close Tuesday at , is on track for a 7th-straight gain, which would be the longest win streak since the 7-day stretch ended Nov. 18, 2019. B. Riley's Souther reiterated the buy rating he's had on the stock for at least a couple years but raised his price target to $79 from $52, following the company's announcement of an agreement to launch a joint venture with France-based auto maker Groupe Renault. "We see the agreement as a significant positive for the company in providing a strong partner to build out local manufacturing, hydrogen infrastructure, and R&D for within the European continent," Souther wrote in a note to clients. "We believe that the company's ability to support the entire hydrogen ecosystem has been a key driver of the recent partnership uptick, enabling turn key solutions for hard to decarbonize energy and commercial vehicle sectors." The stock has shot up nearly four-fold (up 286.1%) over the past three months through Tuesday, while the S&P 500 has gained 8.2%.
3:50 a.m. Jan. 12, 2021 - By Steve Goldstein
Renault says it will create French venture with Plug PowerFrench automaker Renault said it's signed a memorandum of understanding to launch a 50-50 joint venture with Plug Power in France by the end of the first half of 2021, targeting over 30% share of the fuel cell-powered light commercial vehicle market in Europe. The joint-venture will combine the vehicle manufacturing capabilities of Renault with the fuel cell and hydrogen system manufacturing knowledge of Plug Power, the companies said. Plug Power shares jumped 14% in premarket trade, while Renault added 1.5% in Paris.
1:15 a.m. Jan. 7, 2021 - By Ciara Linnane
U.S. could see up to 150,000 more COVID-19 deaths by February as new strain takes hold, expert warns More infectious variant makes it even more crucial to get vaccine program on track after early disappointment, says Dr. Ashish JhaThe U.S. set a fresh record for hospitalizations with the coronavirus-borne illness COVID-19 on Wednesday, as experts said the new, far more infectious variant makes it even more crucial to get the nation’s so-far underwhelming vaccine program on track.
9:56 a.m. Jan. 4, 2021 - By Ciara Linnane
U.S. heads toward 21 million COVID-19 cases and 353,000 deaths as vaccine program continues to lag all targets ‘Last mile’ vaccine distribution has been far slower than required, ‘with millions of doses still sitting on the shelves,’ says Raymond James analystThe global case tally for the coronavirus-borne illness COIVID-19 climbed above 85 million on Monday, as the U.S. headed toward 21 million cases and 353,000 deaths, as the vaccine program continued to advance with fits and starts and to lag all early targets.
9:44 a.m. Dec. 21, 2020 - By Mark DeCambre
U.S. oil notches sharpest daily slide in over 6 weeks as viral spread sparks fresh demand worriesU.S. oil prices ended sharply lower on Monday, but off their steepest declines, amid reports that a variant of the novel strain of coronavirus that causes COVID-19 discovered in the U.K. could pose another hurdle for demand of the commodity. U.S. oil prices for February delivery finished $1.27, or 2.6%, lower at $47.97 a barrel. The daily slide represented the sharpest for the most-active contract for West Texas Intermediate oil since a 4.3% slide put in on Nov. 6, FactSet data show. Those living in London and much of the southeast of England were placed under tighter restrictions ahead of the Christmas holidays, shutting nonessential shops and banning nonessential travel. Several European countries and Canada closed their borders to U.K. travelers, including France, which blocked air, sea and land traffic from the country.
8:38 a.m. Dec. 21, 2020 - By Tonya Garcia
United Airlines issues fee waiver for travel to LondonUnited Airlines Holdings Inc. said Monday that it has for changes to travel plans to London. The waiver comes amid an outbreak of a new strain of COVID-19 that has spread across southern England. A number of EU countries, including France and Belgium, and Canada have to and from the U.K. due to this new strain of the illness. United has already waived change fees through March 31, 2021, for flights within the U.S., Puerto Rico and the U.S. Virgin Islands, and for international flights originating in the U.S. United Airlines stock is down 2% in Monday trading, and has plunged nearly 51% over the last year. The S&P 500 index is up 14.7% for the past 12 months.
2:39 a.m. Dec. 21, 2020 - By Jaimy Lee
Agio's shares jump 20% after announcing plans to sell cancer portfolioShares of Agios Pharmaceuticals Inc. soared 20.6% in premarket trading on Monday after the company said it is selling its oncology portfolio to Servier, a privately held French pharmaceutical company. Servier will pay $1.8 billion in cash upfront and $200 million in potential future milestone payments for vorasidenib as well as a small percentage of royalties for U.S. net sales of acute myeloid leukemia treatment Tibsovo and U.S. net sales of vorasidenib, if the experimental therapy is approved by the Food and Drug Administration. The deal is expected to close in the second quarter of next year. Shares of Agios have tumbled 30.0% this year, while the S&P 500 is up 14.8%.
8:49 a.m. Dec. 7, 2020 - By Ciara Linnane
More than 101,000 COVID-19 patients are now in U.S. hospitals, and Dakotas lead nation in cases per capita ‘The vaccine’s critical. But it’s not going to save us from this current surge. Only we can save us from this current surge,’ says Dr. BirxThe U.S. set another record for hospitalizations with the coronavirus illness COVID-19 on Sunday, while case numbers and fatalities remained high, and the nation braced for what is expected to be a very dark winter.
12:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
10:03 a.m. Nov. 27, 2020 - By Ciara Linnane
U.S. sets record of more than 90,000 COVID-19 patients in hospitals and health-care workers warn situation is dire CDC model estimates that true U.S. case tally was close to 58 million through September and is closer to 100 million now The U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Thanksgiving Day, with more than 90,000 Americans in U.S. hospitals, the most since the start of the pandemic.
1:46 a.m. Nov. 27, 2020 - By Ciara Linnane
Tiffany to hold virtual special shareholder meeting on Dec. 30 for vote on amended LVMH deal Tiffany & Co. said Friday it will hold a virtual special shareholder meeting on Dec. 30, to allow a vote on an amended merger agreement with France's LVMH Moët Hennessy-Louis Vuitton SE . Shareholders of record as of close of business Nov. 30 will be entitled to vote at the meeting, the jewelry company said. The deal is expected to close early in 2021, based on the outcome of the vote. Tiffany after the deal was derailed by the coronavirus pandemic. LVMH will now pay $131.50 a share, down from an original price of $135 a share. Tiffany agreed to sell itself to the European consumer conglomerate late last year in a roughly $16.2 billion deal. LVMH, whose roughly 75 brands include Louis Vuitton and Bulgari, is aiming to expand in China where luxury goods are more in demand as a new middle class emerges with money to spend. Tiffany shares were not active premarket, but have fallen 1.6% in the year to date, while the S&P 500 has gained 12%.
2:37 p.m. Nov. 25, 2020 - By Jack Denton
Goldman Sachs is launching a new trading platform as an insurance policy. Here’s why.Goldman Sachs is being forced to open a new stock trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European stock trading center.
10:47 a.m. Nov. 25, 2020 - By Jack Denton
The U.K. is increasing the minimum wage. How does it compare with the U.S. and rest of the world?Chancellor Rishi Sunak sets out his spending review warning the economy will contract by 11.3% — the largest drop in more than three centuries.
9:55 a.m. Nov. 25, 2020 - By Ciara Linnane
Hospital workers called exhausted as U.S. records highest number of COVID deaths since May Parts of Europe are reporting declining cases and Sicily has asked Cuba to send doctors and nursesThe U.S. recorded the highest number of deaths from the coronavirus illness COVID-19 since May on Tuesday, and continues to average close to 200,000 new cases a day, with hospitals across the nation reporting exhausted health care workers and steadily filling intensive care units.
2:16 a.m. Nov. 25, 2020 - By Steve Goldstein
French tax authorities have started demanding U.S. firms pay digital tax: reportFrench tax authorities have started demanding U.S. technology groups pay their 3% digital services tax, , citing French officials, company officials and advisers. Facebook and Amazon are among the companies that have received communications, the report said. Paris's demand to collect the tax represents the end of a truce with Washington, the report added.
9:58 a.m. Nov. 23, 2020 - By Ciara Linnane
U.S. coronavirus case tally tops 12 million amid growing fears that Thanksgiving travel will spark another surge of infections ‘Four days before a holiday with potentially the most indoor and in-person gatherings of the year in the U.S., the virus is here and more prevalent than ever,’ says one analystThe global case tally for the coronavirus illness COVID-19 rose to 58.8 million on Monday and the U.S. tally rose above 12 million, with new daily infections heading toward 200,0000 a day amid growing fears that Thanksgiving travel will spark another surge.
5:40 a.m. Nov. 21, 2020 - Associated Press
G-20 summit opens as leaders urge united response to virus The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international cooperation in crisesThe Group of 20 summit began on Saturday with appeals by the world’s most powerful leaders to collectively chart a way forward as the coronavirus pandemic overshadows this year’s gathering, transforming it from in-person meetings to a virtual gathering of speeches and declarations.
1:44 a.m. Nov. 9, 2020 - By Jaimy Lee
A lung doctor on what she’s learning about coronavirus ‘long haulers’: shortness of breath, fatigue, and depression but also ‘improvement over time’ Dr. Dixie Harris is a pulmonologist at the Intermountain Healthcare hospital system in UtahBack in April, Dr. Dixie Harris and about 100 nurses and doctors from the Intermountain Healthcare hospital system in Utah flew to New York City to work in the region’s overburdened hospitals.
4:11 p.m. Nov. 7, 2020 - By Ciara Linnane
Coronavirus update: Third straight single-day case record in U.S.; Trump chief of staff Meadows tests positive President-elect Joe Biden will announce a COVID-19 task force on Monday, Axios reportsThe U.S. case tally from the coronavirus illness COVID-19 rose by a record of almost 133,000 on Friday, a third straight day of record-setting levels, as hospitals in rural areas of the Midwest and southern states including Texas and Florida continued to feel the strain.
12:20 p.m. Nov. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. new cases jump 20% to record 121,200 in a single day; ‘We North Dakotans are in crisis,’ says doctor 13 states posted record case numbers on Thursday, including Illinois, Ohio, Indiana, Minnesota, Iowa, Oklahoma, Nebraska and North DakotaJust one day after the U.S. surpassed 100,000 new cases of the coronavirus illness COVID-19 in a singe day, it set a fresh record that was 20% higher, straining hospitals in areas of the Midwest and South as they struggle to cope with an influx of patients.
1:04 a.m. Nov. 4, 2020 - By Portia Crowe
‘Au revoir, bon courage!’ Parisians begin Lockdown 2.0 with sombre resignation ‘Renewed debate around secularism and separatism’ stirred up this fall, have added to social tensions, and coincided with multiple violent attacks’‘Renewed debate around secularism and separatism’ stirred up this fall, have added to social tensions, and coincided with multiple violent attacks.’
9:45 a.m. Oct. 30, 2020 - By Elina Geller
Countries that will give you a remote-work visa, and how to get to them Here’s the details on five countries, and how you can travel to them using your points and milesHere’s what to know about how to take advantage of this unique opportunity and how to travel there on points and miles.
6:46 a.m. Oct. 29, 2020 - By Ciara Linnane
Coronavirus update: U.S. continues to set new case records as Trump remains insistent that U.S. has ‘rounded the corner’ New COVID-19 cases are rising in 47 states, and 27 states recorded 1,000 or more new diagnoses in the last 24 hoursThe U.S. death toll from the coronavirus illness COVID-19 edged closer to 228,000 on Thursday and more than 81,000 new infections were recorded in a single day, pushing the seven-day tally to record highs.
2:27 a.m. Oct. 29, 2020 - By Ciara Linnane
Coronavirus update: Pandemic sets record case numbers across the U.S. as White House suggests the crisis is over U.S. has counted a record 500,000 new cases in the past week, and hospitals in isolated areas of the Midwest are rapidly fillingThe coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating.
2:18 a.m. Oct. 23, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 222,000 and President Trump criticizes media for constant coverage of crisis ‘All you hear is Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid,’ Trump tells rallyThe U.S. death toll from the coronavirus illness COVID-19 rose above 222,000 on Thursday, and President Donald Trump again falsely claimed the virus was disappearing and criticized the media for its constant coverage of the crisis.
10:18 a.m. Oct. 19, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 40 million; White House task force reported to be hive of infighting over new adviser White House Task Force beset by internal strife over adviser who is spreading misinformation, says Washington PostThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
9:45 a.m. Oct. 14, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 216,000 as Midwest and Mountain West cases start to stretch hospital capacity In the last seven days, 16 states have added more new cases than at any other time since the beginning of the pandemic The U.S. death toll from the coronavirus illness COVID-19 rose above 216,000 on Wednesday, driven by a spike in new cases in the Midwest and Mountain West that are starting to fill hospital beds and squeeze health-care systems.
10:33 a.m. Oct. 13, 2020 - Associated Press
Russia and China win spots on U.N. human-rights council, but Saudi Arabia fails to make cutChina, Russia and Cuba won seats on the U.N.’s premiere human-rights body Tuesday despite opposition from activist groups over their abysmal human-rights records, but another target, Saudi Arabia, lost.
10:21 a.m. Oct. 12, 2020 - By Tomi Kilgore
Coronavirus update: Global daily case tally sets another record with a rise of nearly 380,000 on Saturday, as Trump claims he is now immune and can’t transmit the virus U.S. cases jump by more than 50,000 in a day as 38 states are seeing weekly increases; Twitter marks Trump’s tweet about immunity as ‘misleading,’ while Regeneron’s CEO won’t back Trump’s calling antibody treatment a ‘cure’A continued surge in new cases of the coronavirus that causes COVID-19, including another record one-day rise globally and with more than three-fourths of the U.S. states seeing an increase in cases, has prompted calls for new shutdown measures, at a time that President Trump claimed that he is now immune and can’t transmit it to others.
8:13 a.m. Oct. 10, 2020 - Associated Press
Polish teenager Iga Swiatek completes stunning rise to become the lowest-ranked woman to win French Open after beating American Sofia Kenin Swiatek is first Polish player to win a Grand Slam singles title, beating fourth seed Kenin 6-4 6-1, lifting the trophy without losing a setWith the poise of a veteran and the shots of a champion, Swiatek wrapped up a dominating run at Roland Garros, grabbing the last six games to beat Sofia Kenin 6-4, 6-1 in Saturday’s final.
9:34 a.m. Oct. 9, 2020 - By Ciara Linnane
Coronavirus update: WHO warns of record single-day rise in global COVID-19 cases, while northeastern U.S. states heat up again Clusters emerge in Connecticut, Maryland, Pennsylvania and Rhode Island and New York City is seeing more than 500 cases a dayThe World Health Organization on Friday reported a record rise in global cases of the coronavirus that causes COVID-19 in the last 24 hours, in the latest sign that the illness is far from contained.
10:09 a.m. Oct. 7, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 211,000 as doctors caution that Trump is entering a key phase in his diagnosis White House adviser Stephen Miller is latest to test positive for coronavirusThe U.S. death toll from the coronavirus illness COVID-19 edged above 211,000 on Wednesday, as doctors and medical experts said President Donald Trump is entering a key phase in the illness which can take a turn for the worse seven to 10 days into the onset of symptoms.
9:12 a.m. Oct. 6, 2020 - By Pierre Briançon
With Paris now on ‘red alert,’ Macron’s €100 billion COVID-stimulus package may prove a bit short Only 2 million French people have downloaded the COVID control app since its launch in JuneThe French government on Monday toughened its coronavirus-related restrictions in the capital, with Parisian bars notably ordered to close.
10:52 a.m. Oct. 5, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 35 million and deaths exceed 1 million, while Trump says ‘don’t be afraid of COVID’ Trump tweets he’s leaving Walter Reed Monday evening, urges people ‘don’t let it dominate your life’ as he feels better than he did 20 years agoThe number of confirmed cases of the coronavirus that causes COVID-19 climbed above 35 million on Monday, as doctors expressed alarm at President Donald Trump’s decision to leave his hospital bed to wave to supporters from a motorcade on Sunday, saying he has put all of the people in the vehicle with him at risk of contracting the deadly illness.
10:24 a.m. Oct. 4, 2020 - Associated Press
Japanese-French fashion designer Kenzo Takada has died of COVID-19 Designer famed for his jungle-infused designs and free-spirited aesthetic that channeled global travel was 81Iconic designer famed for his jungle-infused designs and free-spirited aesthetic that channeled global travel was 81.
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