Yahoo Finance's Kumutha Ramanathan has the latest from London.
Yahoo Finance's Kumutha Ramanathan has the latest from London.
Image Source: Getty / Brendon Thorne Aesthetically speaking, Zac Efron has changed a lot since his rise to fame in 2006 with High School Musical. For one, he temporarily traded his signature brunette hair for blond, but there's another not-so-obvious change that he's made to his appearance, and it involves a tattoo.
Boris Johnson's officials offered £60m but slashed support after local leaders refused to sign up, say those close to talks.
For the first time in nearly 50 years, older workers are facing higher unemployment than midcareer workers, according to a study released Tuesday from the New School. It is the first time since 1973 that such an unemployment gap has persisted for six months or longer. In every recession since the 1970s, older workers had persistently lower unemployment rates than mid-career workers, partly because of the benefits of seniority.
The Global Ultraviolet (UV) Sensor Market will grow by $ 2.69 bn during 2020-2024
TScan Therapeutics, a biopharmaceutical company focused on the development of T cell receptor (TCR)-engineered T cell therapies in oncology, today announced the publication of a study identifying the targets of T cells in recovering COVID-19 patients in Immunity, a Cell Press journal. The Company used their target discovery platform, T-Scan, to identify the precise epitope targets in the novel coronavirus that are recognized by the T cells of convalescent patients. The Company found that T cells typically recognize between three and eight targets in coronavirus that are shared among patients with the same human leukocyte antigen (HLA) type. Most of these targets were not located in the Spike protein, a concerning finding as current vaccine development efforts are focused on eliciting an antibody response to the Spike protein. These findings highlight the potential need for second-generation vaccines that incorporate these targets given T cells play an important role in mediating long-term immunity to the virus, as well as the development of T-cell based diagnostics and T cell therapies. The TScan study also showed that patients’ T cells do not cross-react with seasonal coronaviruses that cause the common cold, decreasing the likelihood that prior exposure to these viruses confers immunity to COVID-19.
(Bloomberg) -- The Qatar Investment Authority is streamlining its management structure, bringing together some of its most high-profile executives under one committee, according to people familiar with the matter.Under the new structure, four executives will report directly to Chief Executive Mansoor Al Mahmoud, the people said, asking not to be identified as the matter is private. “This article is untrue,” a QIA spokesman said. “We have not created the mentioned committee.”The reorganization was implemented recently to allow for more efficient running of the fund and is currently in effect, the people said. The new committee includes:Mohammed Al Sowaidi, who runs the fund’s North American operationsAhmed Al-Hammadi, who handles QIA’s active investmentsFaisal Bin Al-Thani, responsible for the fund’s Asia-Pacific and Africa investmentsYounes Belcadi, who is non-Qatari and head of public equitiesThe QIA manages about $300 billion of assets and ranks as the 11th largest globally, according to the Sovereign Wealth Fund Institute.Middle Eastern sovereign wealth funds are looking to play a larger role in the diversification of their economies and are stepping up investments amid the coronavirus pandemic.While the QIA has been less active than some of its regional counterparts such as Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala Investment Co., it holds stakes in some of the world’s top companies including London Stock Exchange Group Plc, Volkswagen AG and Glencore Plc.Qatar is the world’s biggest liquefied natural gas exporter and its economy took a hit after prices plunged earlier this year. Still, it has fared better than peers in the region reliant mostly on oil, which has fallen more than gas since the onset of the virus.The country is also in its fourth year of a Saudi Arabia-led standoff that has weighed on its finances and saw the QIA inject billions of dollars into local banks shortly after it started.The fund has recently been targeting more investments in the U.S. and Asia and in sectors such as technology and health care to diversify its portfolio after previously spending billions of dollars on trophy assets, such as London real estate and stakes in global companies.(Corrects name in second bullet point, adds QIA comment in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Defending Vuelta champion Primoz Roglic won the opening stage of this year's delayed edition, a 173-km trek from Irun as the race got off to an explosive start on Tuesday. The Slovenian, who lost the Tour de France yellow jersey on the last competitive stage last month, powered away from a small group of top contenders with one km to go in the Alto de Arrate. Ecuador's Richard Carapaz took second place one second behind as his Ineos-Grenadiers team mate and Britain's four-time Tour de France champion Chris Froome was dropped before the final ascent, a 5.3km effort at an average gradient of 7.7%, just like France's Thibaut Pinot.
The pandemic has put stress on companies dealing with a workforce that is mostly -- and sometimes suddenly -- working from home. Egnyte is an enterprise file storage and sharing (EFSS) company, though it has added security services and other tools over the years. "It's no surprise that there's been a rapid shift to remote work, which has I believe led to mass adoption of multiple applications running on multiple clouds, and tied to that has been a nonlinear reaction of exponential growth in data security and governance concerns," Vineet Jain, co-founder and CEO at Egnyte, explained.
COUNTY CARLOW, Ireland—Sunday two weeks ago, my wife and I joined four friends for a birthday dinner, making up what was then the maximum sized legally-permissible group, six.An opportunity to forget about the coronavirus for a few hours turned into anything but when one of our host’s kids came into the room where we were eating and told us that they’d heard on tik-tok the country was moving to “level five.”We all understood.It was soon established that Ireland’s National Public Health Emergency team, NPHET, had written to the Government, urging a move from the then-current patchwork of “level two” and “level three” restrictions to a super-strict “level five” lockdown across the entire state.At levels two and three of the Government’s five-level plan for “living with COVID,” which was launched last month, something resembling normal life in Ireland is just about possible.Hunting Season Exposes the Hypocrisy of Governors Fighting Mask MandatesLevel five, by contrast, is essentially a total lockdown with restaurants (and our famous pubs) only open for takeaway; non-essential shops closed; hairdressers and salons closed; all social visits banned; weddings and funerals limited to 25 guests and individuals prohibited from traveling further than 3 miles from their homes. The following day, Monday, Ireland’s government did something extraordinary; it rejected NPHET’s advice. It said the entire country would move to level three instead.Ireland’s deputy leader, tanaiste Leo Varadkar, went on radio and publicly chastised NPHET members. Varadkar said they were civil servants who had no conception of what it meant to be facing unemployment, or having “to shutter a business for the last time.”Varadkar added: “I’m not talking about the economy, I’m talking about something that could have happened to half a million human beings tomorrow and the reason why politicians make these decisions is because we’re the ones who can see the bigger picture.“It’s not just about a virus and statistics around a virus. It’s not about a death rate. It’s about real people, and how it impacts on so many different people, and so many different communities, in so many different ways.”Exactly two weeks after Varadkar made his defiant stand, the Taoiseach (prime minister) Micheál Martin stood on the steps of government buildings Monday night and performed a stunning u-turn. A grim-faced Martin announced that the entire country would indeed go into level five restrictions from midnight on Wednesday, after infections among Ireland’s 5 million people surged to over 1,000 a day. The government expects some 200,000 people will lose their jobs. the only chink of light is that schools are staying open, for now.A key factor in the Government decision was that NPHET indicated that a six-week lockdown would suppress the virus to as few as 50 cases a day by December, allowing reopening in time for Christmas.Martin sought to tap into the national obsession with Christmas in his televised address, saying, “Every Christmas is important, but this year it is particularly so. Each of us have our own rituals for Christmas, and they will take on extra poignancy this year as we remember those who didn’t survive 2020. Not only those who have been taken by the virus, but also all those others who passed away this year and didn’t get the wakes and funerals and goodbyes that we as a people are so good at, and which they deserved.“It won’t be the same Christmas that we have enjoyed in years past, but if we all pull together and follow the spirit of these new rules, it will be a very special time and will give us all some respite from the hardship of the last seven months.”The resurgence of the virus has shocked many Irish, who congratulated themselves this summer after daily cases fell to the low twenties.However, the reality is that Ireland is merely part of a vast new coronavirus wave sweeping across Europe.And while Irish people are now living with the toughest official national restrictions in the world, it seems inevitable that much of the rest of Europe will follow.Indeed, many European countries, including Spain, France, the U.K., the Netherlands, Belgium, Czech Republic, Slovenia and Luxembourg all have 14-day cumulative numbers of COVID-19 cases per 100 000, one of the ECDC’s favoured measures, above Ireland’s figure of 253. Many of those countries have severe regional or city-specific lockdowns and curfews already in place.America is unlikely to be spared a second wave either; the state of Arizona, for example, has 7.2 million residents compared to Ireland’s 4.9 million, and is seeing a similar number of cases of around 1,000 per day, and the Arizona number is on a sharp upward trajectory.While Martin tried to hold on to the promise of Christmas, he also admitted in his address that the country was effectively set for a cycle of yo-yo lockdowns.He rejected goals of zero COVID, and herd immunity, instead saying, “We work to suppress the virus when it is growing, and we work to reopen as much of our society and economy as possible when it is safe to do so. Until we have a safe vaccine, we must continue in that pattern.”It’s a deeply depressing message. It’s also the truth, and not just for Ireland.Read more at The Daily Beast.Get our top stories in your inbox every day. 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(Bloomberg) -- House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin Tuesday.Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing and tracing. The two sides are also “in range” on other health care provisions, she said.In her communication with Democratic colleagues in recent days, Pelosi has emphasized many areas where differences remain. Her optimistic comments in the interview helped stocks extend gains, with the S&P 500 Index up 1% as of 1 p.m.Pelosi flagged that assistance to state and local authorities and providing income assistance to working families remain areas where work is needed. . On a Republican push to provide businesses with liability protection against virus-related lawsuits, she expects to present a counter-offer to Mnuchin Tuesday afternoon. She said a compromise is possible based on strong government Covid-19 workplace regulations.“We are starting to write a bill,” Pelosi said. “We all want to get to an agreement.”Senate RoadblockEven if the two do get a deal, Senate Republicans could still loom as a roadblock. A number of GOP members have balked at a stimulus of the scale of $1.8 trillion or more. House Democrats are pushing $2.2 trillion, and Trump said Tuesday that he could embrace a number “even bigger than the Democrats.”Trump Tuesday reiterated his view that Senate Majority Leader Mitch McConnell will proceed with any bill agreed between the administration and Pelosi. “He’ll be on board if something comes,” he said on Fox News Tuesday.McConnell is aiming to shame Democrats for what he described as an “all or nothing” approach, by trying to secure a vote on legislation offering aid in areas that both Democrats and Republicans support.Tuesday afternoon, McConnell will try to stage a test vote on a bill allowing unused funds from the March stimulus law to replenish the Paycheck Protection Program to aid small businesses. On Wednesday he plans a $500 billion stimulus, along the lines of what he tried and failed to pass last month. Democrats are expected to block both efforts.Time TightRepublicans resisting a bigger package would be put in a jam if Mnuchin and Pelosi do get a deal, as they’d have to choose whether to fold and support their president or expose intra-party divisions. But time is running short for a compromise to get enacted by the Nov. 3 election.“It might not be finished by Election Day,” Pelosi said. “We need our legislation all written by the end of this week” for that to happen, she said. She added that she’d like to speed ahead in an effort to help people before rent payments are due on Nov. 1.Pelosi said she’s telling her colleagues not to worry about any “collateral benefit” that could accrue to Trump if a deal is sealed before Nov. 3.She expressed particular optimism that the Trump administration has now agreed to a strategy designed to “crush the virus.”The speaker has tasked House committee chairmen to work out legislative language on a bill with their Senate Republican counterparts. Talks among appropriations committee members are so far stalled because the levels of spending in accounts they have been charged with resolving are interlinked with with unresolved areas in the core Pelosi-Mnuchin talks, according to aides in both parties.The appropriations staff members have hit a “bump in the road,” Pelosi said, adding that legislation is always “tough.”It would take several days after an Pelosi-Mnuchin agreement for the spending committees to negotiate out the details, according to a GOP aide.Appropriations Chairman Richard Shelby said his staff doesn’t have the details from Mnuchin or Pelosi they need to work out a bill.“I’m not optimistic about us doing anything,” Shelby said. “We should have done something and we had the opportunity and the Democrats wouldn’t do it several months ago.”(Updates with context and comments throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- The longevity of one of the world’s largest exchange-traded funds no longer depends on a group of millennials.The $138 billion Invesco QQQ Trust Series 1, ticker QQQ, changed its rules last week to state that the fund’s expiration date will now be tied to the “maturity, redemption, sale or other disposition” of its last security. Previously, the ETF would be terminated on either March 4, 2124, or 20 years after the death of the 15 people born between 1986 and 1996 who were named in the Trust Agreement, according to its prospectus.Tying QQQ’s termination date to its underlying assets effectively extends the fund’s lifespan for a “theoretically infinite” amount of time, said Jeffrey Ptak, global director of manager research for Morningstar Inc.A spokeswoman from Invesco declined to comment.The quirk likely boils down to the fact that QQQ was created in 1999 as a unit investment trust, which required a specified termination date. The world’s biggest ETF -- the SPDR S&P 500 ETF Trust -- was also launched as a UIT in 1993, and is tied to the fate of 11 people born between 1990 and 1993.While UITs have advantages -- such as not having to pay a board of directors -- they’ve mostly been discontinued as the ETF universe grows more complex, according to Bloomberg Intelligence.“UITs were phased out pretty quickly in favor of the open-end management company, because those could be managed and do things like use derivatives or engage in securities lending,” said Eric Balchunas, ETF analyst for BI.QQQ has rallied about 35% in 2020 and is poised for its best year of inflows in two decades.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
'We can't afford to let them die': Moment Jonathan Van Tam says elderly must be protected at all costs. Credit: UK Pool
After Baylor's previously scheduled game was postponed because of COVID-19 cases, Herman isn't sure which Baylor players will be available.
'Tis the season?
On the eve of his 80th birthday, Brazilian football great Pele told his fans he was happy and healthy and pleased to be reaching the landmark with his lucid mental state. Pele has been shielding at home in Brazil for most of the COVID-19 pandemic but in a jovial recorded message ahead of his landmark birthday on Friday he looked ahead not back. For most of his career on the world stage with Brazil and in club football at Santos and the New York Cosmos, as well as for years afterwards, the man born Edson Arantes de Nascimento was widely considered the greatest footballer of all time.
Who says you can't teach a classic-rock superstar new-media tricks? Paul McCartney seems to be taking some tips from Taylor Swift, in using visual iconography on social media to drop clues about an upcoming project, as she often has. In his case, it would seem, from all indications, to herald the release of a "McCartney […]
Israel discovered a new cross-border tunnel from the Gaza Strip on Tuesday that its military said extended "dozens of metres underground" and into Israeli territory. The military said its engineers discovered the tunnel using underground sensors attached to a concrete barrier that, once completed, will run 65 kilometres (40 miles) around Gaza. Palestinians have used underground tunnels to smuggle in all manner of commercial goods to Gaza, as well as to bring in weapons for militants from the Strip's ruling Hamas group and other factions.
Packages have been agreed for Merseyside and Lancashire.
The U.S. Department of Justice announced Tuesday that it has put $3 million toward the creation of a national center that will provide training and assistance to help law enforcement agencies prevent the use of excessive force, and officials expressed hope that Minneapolis would be the first city to take advantage of the resource. The announcement was made in Minneapolis, where the police department has been under pressure to reform amid staff shortages and since the May 25 death of George Floyd, which touched off mass demonstrations against police brutality around the nation.
This! Is! Happening!