An experimental vaccine targeting respiratory syncytial virus (RSV) was found to be nearly 82 percent effective for infants when administered to pregnant mothers, said data published by Pfizer on Wednesday. Final data from the study was published in the New England Journal of Medicine. The paper also said that the shot is 86 percent effective in…
Pfizer Data Says RSV Vaccine 82 Percent Effective in Newborns When Given to Pregnant Mothers
Government Should Seize Property to Build Wind and Solar Farms: JP Morgan Chief
April 6, 2023
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Business & Marketsclimate changeCompaniesDimoneconomic policieseconomygreen energyJP MorganPoliticsUSUS News
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JP Morgan Chase & Co. CEO claimed that governments may need to seize private property for the creation of more green and conventional energy production sites, according to a letter to shareholders published this week. JP Morgan CEO and former head of the Federal Reserve Bank of New York Jamie Dimon wrote an extensive letter…
New Bankruptcy Filings Soar Across All Industries, as Corporate Filings Reach Highest Since 2010
New bankruptcy filings across all major industries saw year-over-year increases for the third month in a row in March, with corporate bankruptcy filings reaching their highest first-quarter levels since 2010. According to data from Epiq Bankruptcy, which provides U.S. bankruptcy court data, technology, and services, a total of 42,368 new bankruptcies were filed in March, up 17 percent…
Venture Capital Funding for Start-Ups Plummets, Fewest Deals in Five Years
April 6, 2023
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Business & MarketsCompaniescryptocurrencyeconomic policieseconomyinflationInvestmentMarketsSilicon Valley BankstartupsstocksUSUS Newsventure capital
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Venture capital funding for start-ups plummeted by more than half in the first quarter of 2023 compared with the year before. The period saw a massive slowdown in the tech industry, as the number of new funding agreements fell to less than 3,000, a 55 percent decline and the lowest level in more than five years. American-based…
Swedish Prosecutor Says May Be Difficult to Determine Who Blew Up Nord Stream Pipelines
STOCKHOLM—It will likely be difficult to determine who blew up the Nord Stream pipelines connecting Russia and Germany in the Baltic Sea last year, Sweden’s prosecution authority, which is investigating the incident, said on Thursday. The Sept. 26 explosions at the pipelines connecting Russia and Germany occurred in the economic zones of Sweden and Denmark….
World Stocks Dither, Bond Yields Fall as Recession Worries Weigh
April 6, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/TOKYO—Global stocks drifted on Thursday, following skittish trade in the Asian session, as traders awaited crucial U.S. jobs data that may add to mounting evidence of a U.S. slowdown and the likelihood of a global recession. The broad MSCI index of world stocks dipped 0.1 percent, putting it on track for its first weekly decline…
San Francisco Police Chief Releases Statement After Cash App Founder Bob Lee Stabbed to Death
April 6, 2023
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Business & MarketsCaliforniaCash AppCompaniesCrime and IncidentscryptocurrencyMarketsMedia & Big TechNorthern CaliforniaPublic SafetyRegional & State NewsSan FranciscostabbingState NewsUSUS News
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The San Francisco police chief has released a statement following the stabbing death of Cash App founder Bob Lee in the city on April 4. Lee, 43, was found by officers in the early hours of Tuesday morning suffering from apparent stab wounds and transported to a local hospital with life-threatening injuries, according to the San Francisco Police…
Signature Bank Executives Allegedly Sold $100 Million in Stock During Crypto Surge: WSJ
April 6, 2023
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Business & MarketsCompanieseconomic policieseconomyinsider salesInvestmentJudiciaryMarketsSignature BankUS
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Executives and directors at the recently failed Signature Bank allegedly sold more than $100 million in stock during the crypto boom. Senior bank insiders have been accused of participating in this scheme for three years leading up to the bank’s collapse in early March, according an analysis by The Wall Street Journal. Signature Bank collapsed on…
Shareholders Say JPMorgan Chase Has ‘Disturbing Trend’ of Political Bias
April 5, 2023
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Business & MarketsCompaniesESGInvestmentJPMorgan Chasepersonal financepolitical discriminationreligious discriminationSEC - U.S. Securities and Exchange Commission
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Investors who are fighting the politicization of America’s banks scored a rare win last week with a Securities and Exchange Commission (SEC) ruling that allowed a shareholder proposal in favor of political and religious diversity at JPMorgan Chase to go forward, despite the bank’s objections. On March 29, the SEC green-lighted a shareholder proposal that…
Twitter Labels NPR as ‘State-Affiliated Media’ as Elon Musk Says It ‘Seems Accurate’
National Public Radio (NPR) was listed by Twitter as a “US state-affiliated media” on Tuesday, drawing outrage from staffers at the outlet. Twitter owner Elon Musk weighed in on the designation, writing that it “seems accurate” to call NPR “state-affiliated.” He pointed to Twitter’s Help Center, which noted that “state-affiliated media is defined as outlets…
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