G-20 countries have deployed about $11 trillion to accelerate equitable and sustainable recovery from the coronavirus, according to CNBC. The spending is, by comparison, more than twice the gross domestic…
A preliminary large late-stage clinical trial has shown Moderna’s COVID-19 vaccine candidate is 94.5% effective in preventing COVID-19 and has no significant safety concerns, according to the company’s press release.…
Year-end bonuses, which include cash and equity awards, for most Wall Street workers will be lower this year than in 2019 due to the impact of COVID-19, Reuters reports .…
Dr. Michael Osterholm, the coronavirus advisor to U.S. president-elect Joe Biden, says that a lockdown of 4 to 6 weeks will help control the pandemic and revive the economy, according…
Goldman Sachs sees a “very bullish” stock market in the wake of a coronavirus vaccine, according to Yahoo! finance. David Kostin, Goldman’s chief strategist, raised the year-end S&P 500 price…
Pfizer and BioNTech SE’s mRNA-based vaccine candidate BNT162b2 is 90% effective in preventing COVID-19 in participants without prior evidence of SARS-COV-2 infection, according to the company’s press release. The results…
Apple, Amazon, Facebook, and Google posted combined revenues of $220.28 billion, up from $200 billion revenues last quarter, MarketWatch reports. The Big Four, which make up about one-fifth of the…
Flash PMI data for the G4 developed economies remained largely unchanged in October as rising COVID-19 restrictions slowed recovery, especially in the service sector, according to IHS Markit. In the…
The U.S. economy has started Q4 solidly as private sector business activity in September grew to a rate not seen since early 2019 despite being weaker than August level, according…
The U.S. Food and Drug Administration (FDA) has approved Gilead Sciences Inc.’s Veklury (remdesivir), an antiviral drug for the treatment of patients with COVID19 requiring hospitalization, according to the company’s…
The U.S. final presidential debate held in Nashville, Tennessee on Thursday evening saw Trump and Biden raise key points to woe undecided American voters, according to Reuters. Here are the…
Swiss Economic Institute expects GDP to contract 3.6%, an improvement from August’s update of 4.7% with a projected 3.2% growth in 2021 in its baseline scenario, according to the KOF…