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Skyworks Earnings, Revenue beat in Q2 By Investing.com

Skyworks (NASDAQ:SWKS) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Skyworks announced earnings per share of $2.37 on revenue of $1.17B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $1.15B. Skyworks shares are up 26% from the beginning of the year and are trading at $184.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.13% from the start of the year. Skyworks shares lost 7.18% in after-hours trade the report. Skyworks follows other major Technology sector earnings this month Skyworks's report...

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Vaccitech prices shares at $17 for U.S. IPO By Reuters

(Reuters) - Vaccitech Plc, the biotech startup that owns the technology behind the COVID-19 vaccine developed by Oxford University and AstraZeneca (NASDAQ:AZN) Plc, priced its ordinary shares at $17 each on Thursday ahead of its U.S. initial public offering. The British company expects gross proceeds of $110.5 million from the offering of 6.5 mln of its American Depositary Shares (ADSs), representing the same number of ordinary shares. Vaccitech had announced its plans to go public earlier this month and said the ADSs would begin trading on the Nasdaq under the symbol "VACC" on April 30....

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Twitter breaks tech’s blockbuster streak, shares fall on tepid outlook By Reuters

By Elizabeth Culliford and Sheila Dang (Reuters) - Twitter Inc (NYSE:TWTR) shares sank 11% in post-market trading on Thursday as it offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the coronavirus pandemic fizzles. The social media company posted revenues and user numbers mostly in line with analyst estimates in stark contrast to the better performing digital ad firms like Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's. It said it expected second quarter revenue between...

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Amazon expects spring windfall as U.S. economy reopens, posts record profits By Reuters

By Jeffrey Dastin and Akanksha Rana (Reuters) - Amazon.com Inc (NASDAQ:AMZN), one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave. Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries. While brick-and-mortar stores closed, Amazon has now posted four consecutive record quarterly profits, attracted more than 200 million Prime loyalty...

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Britain says to host 2022 vaccine summit to prepare for future pandemics By Reuters

LONDON (Reuters) - Britain said on Friday it would host a summit in 2022 to raise money for vaccine research and development to support an international coalition seeking to speed up the production of shots for future diseases. Britain is using its presidency of the Group of Seven (G7) rich nations to highlight the need to prepare for future pandemics in light of the devastating consequences of the coronavirus crisis. Britain said the summit with the Coalition for Epidemic Preparedness Innovations (CEPI) next year would support the body's goal of cutting the development time for new...

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UK’s Truss to meet WTO chief seeking to further reform agenda By Reuters

LONDON (Reuters) - British trade minister Liz Truss will on Friday press the case for sweeping World Trade Organization (WTO) reforms aimed at countries who distort trade with state subsidies when she meets the trade body's new head in Geneva. The meeting will be her first face-to-face encounter with recently-elected WTO chief Ngozi Okonjo-Iweala, who has committed to reform the organisation. As Truss looks to remodel post-Brexit Britain as a guardian of free trade and the rules-based international system, she has repeatedly called for a tightening of WTO rules and stricter enforcement. Truss has been an...

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Northern Ireland to distribute 100 pound shop vouchers in COVID stimulus By Reuters

BELFAST (Reuters) - Northern Ireland is to give a voucher worth 100 pounds ($139) to all adults as a COVID-19 stimulus in the first major scheme of its kind in the United Kingdom, the regional executive announced on Friday. Every person over 18 in the region, approximately 1.4 million people, will be able to apply for a pre-paid card that must be spent in nearby shops or hospitality outlets and can not be used online, Economy Minister Diane Dodds said in a statement. The scheme will not open until the end of the...

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Twitter Inc Earnings, Revenue beat in Q1 By Investing.com

Twitter Inc (NYSE:TWTR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Twitter Inc announced earnings per share of $0.16 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $0.1428 on revenue of $1.03B. Twitter Inc shares are up 26% from the beginning of the year and are trading at $58.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 12.13% from the start of the year. Twitter Inc shares lost 10.06% in after-hours trade the report. Twitter Inc follows other major Technology...

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Ground control out, remote control in at London City Airport By Reuters

By Sarah Young LONDON (Reuters) - At London City Airport, the air traffic controllers have gone. Rising over the terminal building, the old control tower with its panoramic windows is deserted, with screens, a few pens and some hand sanitiser all that remains. City quietly switched to a remote, digital air traffic control centre earlier this year, the first major international airport to do so, and on Friday it went public with the news. The point is to improve efficiency and allow for smooth future expansion, because the same number of controllers can deal with...

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Exclusive: Credit Suisse investors call for tougher coal finance policy – letter By Reuters

By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH (Reuters) - Credit Suisse (SIX:CSGN) investors managing $2.5 trillion have called for the bank to take a tougher stance on coal financing, amid concern its current policies are too lax, a letter seen by Reuters showed. The role of lenders in financing the activities of companies responsible for the major share of greenhouse gas emissions has increasingly been the focus of investors and policymakers, keen to accelerate climate action. Thermal coal, used to generate electricity, has been a focal point as it is one of the...

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