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The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing.
AstraZeneca, which has said it will not make a profit from the shot during the pandemic, was reporting financial details of distribution of the vaccine for the first time – including a hit of 3 cents on earnings per share, or a drain of about $40 million on net income.
The meeting https://www.berkshirehathaway.com/sharehold.html gives Buffett, 90, and Munger, 97, a stage to explain over 3-1/2 hours what to expect from Berkshire’s dozens of businesses, markets and the economy, and whether the company will continue aggressive share repurchases.
Earnings from Exxon and rivals this year have been rising with crude oil prices, up by a third this year, as a global oil surplus from the pandemic drains and fuel demand recovers.
In particular, five-year notes look attractive to offset equity downside should risk appetite sour, since the tenor has cheapened as traders have priced in Fed rate hikes, in the eyes of Mizuho International Plc.’s Peter Chatwell.“For those looking at TLT as an equity downside hedge, the belly of the curve can now serve this purpose,” Chatwell, head of multi-asset strategy, said.
as its top stakes.“There is a market for somebody who really wants to tilt a little to ESG, but not go overboard,” Balchunas said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Data shows that more foreign investment money has left India this month than came in during the whole of the first quarter, as a catastrophic spike in deaths leaves the world’s second most populous country in turmoil.
McDonald’s Corp on Thursday beat Wall Street estimates for comparable sales, and said it returned to pre-pandemic levels of growth, driven by eased COVID-19 restrictions in some markets and U.S.
Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.
On the other hand, the deal priced the same or slightly wider than some deals tied to higher-quality trophy towers, he added.Proceeds of the 555 California Street CMBS will fund improvements to the buildings and return about $617 million to the owners, according to a marketing document obtained by Bloomberg.“For a complex that couldn’t be sold last year, a large equity return is arguably the next best thing for the sponsor,” said Christopher Sullivan, chief investment officer at the United Nations Federal Credit Union.
unit of Volkswagen’s AG over a marketing stunt in which it falsely said it was changing its name in the United States to “Voltswagen,” a person briefed on the matter confirmed.
for about $7.2 billion, its largest asset sale so far.The Chinese government wants to return HNA to its roots as an airline and hence plans to dispose of HNA’s non-aviation assets through a trust, Bloomberg News reported in January.HNA’s airline business is among China’s largest carrier groups, with stakes in Hainan Airlines Holding Co., Air Changan, low-cost carrier Beijing Capital Airlines Co., and Suparna Airlines, also known as Yangtze River Airlines Co., according to HNA’s website.