Mexico mounted a final push Tuesday to get all of the country’s 3 million school teachers vaccinated so that it can reopen schools, perhaps by the second half of June. President Andrés Manuel López Obrador said that getting kids back into classrooms was an urgent necessity, as much for their social development as anything else. “This a priority for boys and girls, for all students,” López Obrador said.
Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Canaan, Inc. (CAN) and June 14 Deadline
Upon further review, Indiana’s Myles Turner is the NBA’s blocked-shot champion for this season. The NBA said Tuesday that Turner will be recognized as the winner in that category, even though he did not play in the required 70% of games that are typically needed for someone to qualify as a statistical leader. Turner averaged 3.4 blocks per game in 47 games.
Joe Burrow and his doctor are both confident in his ability to start Week 1 against the Vikings.
Shares of recent IPO Snowflake (NYSE: SNOW) jumped 6% through 2:30 p.m. EDT trading Tuesday on mixed but mostly positive news out of Wall Street. On the one hand, investment bank Jefferies cut its price target on the cloud-computing company to $235 per share. Jefferies previously assumed it might be able to rise as high as $280 per share this year; now the analyst is beginning to have doubts.
Makeup without even trying.
Sinclair Broadcast Group (Nasdaq: SBGI) is proud to announce that The Press Club of Atlantic City has honored Sinclair-owned WBFF FOX45 in Baltimore and WKRC Local 12 in Cincinnati with a total of four National Headliner Awards for the news teams’ investigative coverage of critical issues that significantly impact local communities.
Shares of Danimer Scientific (NYSE: DNMR) were climbing higher today after the maker of renewable and biodegradable bioplastics posted solid results in its first-quarter earnings report. Danimer, which makes food packaging from plant-based oils, said revenue increased 24% to $13.2 million, driven by stronger demand and additional PHA production at its Winchester, Kentucky plant. Adjusted gross profit slipped from $4.1 million to $3.9 million due to higher cost-per-pound of PHA products sold, and the company reported an adjusted EBITDA loss of $2.3 million, compared to breakeven in the quarter a year ago.
(Bloomberg) -- While builders are still paying record-high cash prices for lumber, the futures market is signaling that the historic rally could be coming to a close.The lumber contract for July delivery fell $63 on Tuesday, the maximum permitted by the Chicago Mercantile Exchange, with the price sinking to $1,264 per 1,000 board feet. That’s the seventh straight session of falling prices for the futures contract, marking the longest streak of declines since September. Lumber’s most-active futures contract is down 27% from its May 10 peak of $1,733.50, a level more than four times higher than prices a year ago.While the drop suggests market weakness, with traders saying the preceding rally went too high, builders who need to buy wood for summer projects are still paying top dollar due to strong demand and tight supplies at sawmills. Higher costs and limited availability of building materials have halted some projects, according to the National Association of Home Builders.Demand for wood remains robust among retailers including Home Depot Inc., which is reporting strong sales in lumber products as well as across its home-improvement business.“We compare it to a storm environment where literally as soon as you bring it in, it’s selling,” Home Depot Chief Financial Officer Richard McPhail said Tuesday in an interview. “We’re really just focused on making sure we stay in stock and making sure we have the appropriate level of staff to serve our customers. The market will go where it goes.”The Fastmarkets Random Lengths U.S. Framing Lumber Composite Index soared to a record $1,495 per 1,000 board feet on Friday, the most recent pricing. That is up 6% from the week prior and nearly four times the price of a year ago. A composite index for oriented strand board, a plywood substitute product, jumped 3% from the previous week to $1,426 per 1,000 square feet, five times more than a year ago.Lowering Prices“The mills have this order file where they’ve sold the physical production through the middle of June,” said Westline Capital Strategies Inc. Chief Executive Officer Greg Kuta, whose Ohio-based firm specializes in lumber trading strategies. “They don’t have to come to the open market here and take counteroffers on their physical cash for at least two to three weeks.”While futures are leading the way down, Kuta doesn’t expect the cash price of immediately available lumber to likely follow until mid-June at the earliest since demand from builders remains strong. The futures and cash markets will likely converge two to four weeks before the July contract expires on the 15th of that month, he said.Mills could start lowering prices by the end of this week though such a drop won’t be as steep as with futures contracts, according to Brian Leonard, an analyst for RCM Alternatives in Chicago.“Futures are getting driven down right now by computerized trading and other platforms not related to the physical product, so it may end up going lower than the real market needs to go,” he said. “The mills know there’s a lot more buying than needs to happen.”He expects the cash market will fall to a new base level in June and trigger more buying, while futures could head back up by August. Leonard said he has seen this pattern repeat in his 35 years of trading in the market.“The market is digesting some very high levels right now,” he said. “I don’t know if we’ll make a new high, but I think we’ll take a shot at it again.”(Adds trader, Home Depot comments from third paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Washington Wizards went 15-4-1 against the spread over their final 20 regular season games.
Oscar nominee and Tony winner Leslie Odom Jr. is the latest A-lister to join star Daniel Craig in “Knives Out 2,” the star-studded sequel to Rian Johnson’s 2019 hit whodunnit. In what has quickly become a who’s who of Hollywood A-list talent, Odon joins a lineup that includes Kathryn Hahn, Janelle Monáe, Dave Bautista and […]
The panel examining the case had been due to publish its findings on Monday.
Scott Pianowski is joined by Pat Fitzmaurice to talk about the Jacksonville Jaguars, Atlanta Falcons, Joe Mixon & more.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased ContextLogic Inc. (NASDAQ: WISH) securities between December 16, 2020 and May 12, 2021, both dates inclusive (the "Class Period"); and/or ContextLogic common stock pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted on December 16, 2020 (the "IPO" or "Offering"). Investors have until July 16, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Google's Android 12 will feature a new look and feel, as well as improved security and privacy features.
Latest developments as they happen
Flood of bookings predicted if EU opens doors to vaccinated Britons without Covid tests or quarantine
Saudi Arabia and the United Arab Emirates summoned their Lebanese ambassadors Tuesday to protest televised remarks by Lebanon’s foreign minister, in which he suggested Gulf countries provided backing to extremists. The head of the Gulf Cooperation Council, led by Saudi Arabia, asked that Foreign Minister Charbel Wehbe offer a formal apology to member states. Wehbe's remarks to the U.S.-backed Alhurra news channel caused a firestorm in Lebanon and among Gulf countries.
Thousands of people gathered in cities across Canada this past weekend for peaceful protests in support of the Palestinian solidarity movement, including rallies in Vancouver, Saint John, Ottawa and Toronto. As of today, at least 212 Palestinians, including 61 children, have been killed by the Israeli airstrikes on the Gaza Strip. In Israel, officials say 12 people, including two children have been killed since the fighting started over a week ago. As the death toll escalates, activist groups and members of the public are expressing disappointment with the Canadian government’s lack of condemnation towards Israel. This discontent is being echoed by some politicians, with federal NDP leader Jagmeet Singh calling for Trudeau to halt the sale of arms to Israel “until the end of the illegal occupation.”
Reintroductions and habitat restoration work will help reverse decline of wildlife and meet new legally binding biodiversity targets, government says