11 May

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Queen Elizabeth to set out UK government’s post-pandemic agenda By Reuters

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LONDON (Reuters) - Britain's Queen Elizabeth will present Prime Minister Boris Johnson's post-pandemic agenda on Tuesday in a speech written by the government that will set out the new laws that ministers intend to pass in the coming year. The grand 'State Opening of Parliament', a heavily choreographed and costumed ceremony led by the 95-year-old monarch, will this year involve face masks, social distancing, and fewer guests. The speech will set out Johnson's policymaking priorities as he plans Britain's recovery from the COVID-19 pandemic and seeks to fulfil the promises he made to voters in 2019...

11 May

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U.S. authorizes Pfizer/BioNTech COVID vaccine for children 12 to 15 By Reuters

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By Michael Erman (Reuters) - U.S. regulators on Monday authorized Pfizer (NYSE:PFE) and BioNTech's COVID-19 vaccine for use in children as young as 12, widening the country's inoculation program as vaccination rates have slowed significantly. The vaccine has been available under an emergency use authorization (EUA) to people as young as 16 in the United States. The vaccine makers said they had started the process for full approval for those ages last week. The U.S. Food and Drug Administration said it was amending the EUA to include the millions of children aged 12 to...

11 May

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Amazon raises $1 billion sustainable bond for climate, social causes By Reuters

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By Kate Duguid and Simon Jessop NEW YORK/LONDON (Reuters) - Amazon.com Inc (NASDAQ:AMZN) issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing. The world's biggest company joins a growing list of debt issuers tapping the market for green and sustainable bonds, which is swelling as asset managers come under pressure from their investors to advance environmental, social and governance (ESG) causes. Global green bond issuance reached a record high of $270 billion at the end of 2020 and could reach $450 billion this year, according to Climate Bonds Initiative. The...

11 May

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Automated steering ‘not available’ on Texas road where Tesla crashed -NTSB By Reuters

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By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) -U.S. safety officials investigating the cause of a Tesla Model S crash that killed two men in Texas last month said on Monday that testing suggested the vehicle's automated steering system was "not available" on the road where the accident occurred. But the car's cruise-control function could still have been in operation, the National Transportation Safety Board (NTSB) said in its preliminary report. The report drew no conclusions about the cause and circumstances of the fiery April 17 crash in a suburb of Houston. The NTSB and local...

11 May

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Roblox Q1 Results Miss Expectations, but Investors Cheer Jump in Activity By Investing.com

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By Yasin Ebrahim Investing.com – Roblox reported Monday first-quarter results that fell short of analyst expectations, but investors were comforted by signs of a ramp up in activity on its gaming-platform, easing fears of slowdown as the economy reopens. Roblox (NYSE:RBLX), which made its stock market debut on Mar. 10, rose more than 3% in after-hours trade. Roblox delivered a Q1 loss of 46 cents a share on revenue of $384 million, topping expectations for EPS of 13 cents on revenue of $572.6 million. Bookings increased 161%, to $652.3 million. Daily active users rose 79% in 2020...

11 May

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NortonLifeLock Inc Earnings, Revenue beat in Q4 By Investing.com

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NortonLifeLock Inc reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. NortonLifeLock Inc announced earnings per share of $0.4 on revenue of $672M. Analysts polled by Investing.com anticipated EPS of $0.3807 on revenue of $656.97M. NortonLifeLock Inc shares are up 1% from the beginning of the year and are trading at $21.08 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.51% from the start of the year. NortonLifeLock Inc follows other major Technology sector earnings this month NortonLifeLock Inc's report follows an earnings beat...

10 May

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Canada shares lower at close of trade; S&P/TSX Composite down 0.33% By Investing.com

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Investing.com – Canada equities were lower at the close on Monday, as losses in the Healthcare, Clean Technology and IT sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.33%. The biggest gainers of the session on the S&P/TSX Composite were Labrador Iron Ore Royalty Corp (TSX:LIF), which rose 4.03% or 1.73 points to trade at 44.65 at the close. George Weston Limited (TSX:WN) added 3.11% or 3.48 points to end at 115.21 and Westshore Terminals Investment Corp (TSX:WTE) was up 2.62% or 0.52 points to 20.35 in late trade....

10 May

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Italy’s Edison readies stake sale in green production unit – sources By Reuters

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By Stephen Jewkes and Pamela Barbaglia MILAN (Reuters) - Italian energy group Edison, owned by France's EDF (PA:EDF), is gearing up to sell a stake of up to 40% in its renewable energy generation arm as it seeks to capitalise on investor appetite for green assets, four sources familiar with the matter said. The company is working with Lazard and Societe Generale (PA:SOGN) to attract deep-pocketed private equity firms to an auction process which is expected to kick off in the coming weeks, the sources said on Monday on condition of anonymity. The deal...

10 May

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New antibody drug helps patients breathe; virus may insert genetic fragments into genetic code By Reuters

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By Nancy Lapid (Reuters) - The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. New drug helps COVID-19 patients breathe on their own When a new monoclonal antibody drug was added to treatments being given to hospitalized COVID-19 patients who were still breathing on their own, the drug - lenzilumab from Humanigen Inc - significantly improved their odds of not needing invasive mechanical ventilation, researchers found. The 540 patients in the randomized trial...

10 May

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iHeartMedia Gains On JP Morgan Upgrade as Cost Cutting Seen Bearing Fruit By Investing.com

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By Dhirendra Tripathi Investing.com – iHeartMedia (NASDAQ:IHRT) shares were up more than 2% in Monday's trade following an upgrade by JP Morgan to overweight. JPMorgan (NYSE:JPM) analyst Sebastiano Petti raised his target for the stock by 70.6%, to $29. "While we do not look for broadcast revenue to fully recover to prepandemic levels, advertising demand is strong and poised to accelerate as the economy re-opens. We are also impressed by the robust growth in iHeart's digital segment including the company's industry-leading podcasting platform," Petti said in a note. He said the company's...

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Queen Elizabeth to set out UK government’s post-pandemic agenda By Reuters

U.S. authorizes Pfizer/BioNTech COVID vaccine for children 12 to 15 By Reuters

Amazon raises $1 billion sustainable bond for climate, social causes By Reuters

Automated steering ‘not available’ on Texas road where Tesla crashed -NTSB By Reuters

Roblox Q1 Results Miss Expectations, but Investors Cheer Jump in Activity By Investing.com

NortonLifeLock Inc Earnings, Revenue beat in Q4 By Investing.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.33% By Investing.com

Italy’s Edison readies stake sale in green production unit – sources By Reuters

New antibody drug helps patients breathe; virus may insert genetic fragments into genetic code By Reuters

iHeartMedia Gains On JP Morgan Upgrade as Cost Cutting Seen Bearing Fruit By Investing.com

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