11 June

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EU adds another rare blood condition as side effect of AstraZeneca shot By Reuters

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By Pushkala Aripaka and Ludwig Burger (Reuters) - Europe's drug regulator on Friday identified another rare blood condition as a potential side effect of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine and said it was looking into cases of heart inflammation after inoculation with all coronavirus shots. The European Medicines Agency's (EMA) safety committee said that capillary leak syndrome must be added as a new side effect to labelling on AstraZeneca's vaccine, known as Vaxzevria. People who had previously sustained the condition, where fluids leak from the smallest blood vessels causing swelling and a drop in blood pressure,...

11 June

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More sustainable euro zone inflation coming: ECB’s Knot By Reuters

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FRANKFURT (Reuters) - Copious budget spending in the euro zone is finally generating a sustainable rise in inflation but more flexible fiscal rules will be needed for years as monetary policy remains constrained, European Central Bank policymaker Klaas Knot said on Friday. Governments have spent record amounts over the past year to save their economies from a pandemic-induced downturn but as the recovery takes hold, a debate is underway on how and when to bring back temporarily suspended budget rules. "Now we are in a better position to see a sustainable increase in inflationary...

11 June

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India shares higher at close of trade; Nifty 50 up 0.39% By Investing.com

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Investing.com – India equities were higher at the close on Friday, as gains in the Metals, IT and Technology sectors propelled shares higher. At the close in NSE, the Nifty 50 added 0.39% to hit a new all time high, while the BSE Sensex 30 index gained 0.33%. The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 3.94% or 43.90 points to trade at 1158.35 at the close. Coal India Ltd (NS:COAL) added 3.93% or 6.15 points to end at 162.65 and JSW...

11 June

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Agree Realty Slips On New Fund Raise Plan By Investing.com

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By Dhirendra Tripathi Investing.com – Agree Realty (NYSE:ADC) stock fell 3.4% in Friday’s premarket trading a day after the company disclosed pricing its 4-million share offering for expected gross proceeds of approximately $286 million. The company intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, for working capital and for general corporate purposes. The targeted proceeds do not include expenses to be incurred on the offering. The company expects to grant the underwriter a 30-day option to purchase up...

11 June

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Exclusive: We don’t condone ‘vaccine diplomacy’, but no doubt some are using it – UK’s Raab By Reuters

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By William James CARBIS BAY, England (Reuters) - British foreign minister Dominic Raab said on Friday there was no doubt some countries were using vaccines as diplomatic tool to secure influence, and that Britain did not support so called 'vaccine diplomacy. Asked in a Reuters interview whether he was concerned that China and Russia could use vaccines in exchange for influence in parts of the world, he said: "There's no doubt there's some of this is going about, and we don't support vaccine diplomacy, let alone blackmail. "We think that we've got a moral...

11 June

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G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations-US By Reuters

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CARBIS BAY, England (Reuters) - The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a three-day summit in Cornwall, in southwestern England, which begins on Friday. "The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special...

11 June

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Frontier Developments shares fall as guidance disappoints By Investing.com

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By Samuel Indyk Investing.com – Video game developer Frontier Developments (LON:FDEV) saw its shares fall over 6% on Friday after the company announced a trading update pre-market. The company, which launched Elite Dangerous: Odyssey last month, said trading in the final months of the financial year helped deliver provisional revenue of £91mln in FY21, which is a company record. However, the launch of Elite Dangerous: Odyssey echoed that of CD PROJEKT’s Cyberpunk failure and the gaming community has not reacted well to the launch of the game. “CD PROJEKT (WA:CDR) paid the price for releasing a...

11 June

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Chewy Falls Premarket On Labor, Supply Chain Worries By Investing.com

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By Dhirendra Tripathi Investing.com – Chewy (NYSE:CHWY) stock fell in Friday’s premarket trading as concerns over labor shortages, higher wages eating into margins and supply chain challenges outweighed the company’s swing back to profit. In his letter to shareholders, Chewy CEO Sumit Singh said the company raised wages and invested in short-term incentives to overcome some of the fulfillment center staffing constraints. Singh said the company has introduced part-time shifts to better optimize interval-level labor forecasting and...

11 June

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GameStop lures Amazon talent with grand plans and no frills By Reuters

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By Svea Herbst-Bayliss (Reuters) - GameStop Corp (NYSE:GME) Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc (NASDAQ:AMZN)'s Australia chief Matt Furlong as chief executive, according to people familiar with the process. Cohen wanted the message to be stern, said the sources, who were close to the discussions. The transformation of the ailing brick-and-mortar retailer into an e-commerce powerhouse would require laser-like focus and determination, Cohen told Furlong. The role would come with...

11 June

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President Biden and PM Johnson discussed UK-US travel corridor- Raab By Reuters

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LONDON (Reuters) - U.S. President Biden and British Prime Minister Boris Johnson discussed opening a transatlantic travel corridor at their bilateral meeting on Thursday, but no announcement was imminent, British Foreign Secretary Dominic Raab said. "It was something that was discussed yesterday and we've got an idea about how to take it forward, but it's not something we'll be announcing imminently," Raab told Sky news on Friday. Biden and Johnson met in Cornwall, southwest England, before the start of the G7 Summit on Friday. ...

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EU adds another rare blood condition as side effect of AstraZeneca shot By Reuters

More sustainable euro zone inflation coming: ECB’s Knot By Reuters

India shares higher at close of trade; Nifty 50 up 0.39% By Investing.com

Agree Realty Slips On New Fund Raise Plan By Investing.com

Exclusive: We don’t condone ‘vaccine diplomacy’, but no doubt some are using it – UK’s Raab By Reuters

G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations-US By Reuters

Frontier Developments shares fall as guidance disappoints By Investing.com

Chewy Falls Premarket On Labor, Supply Chain Worries By Investing.com

GameStop lures Amazon talent with grand plans and no frills By Reuters

President Biden and PM Johnson discussed UK-US travel corridor- Raab By Reuters

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