Workers start dismantling fences and police reopen streets in the US capital a day after Joe Biden's presidential inauguration.
Workers start dismantling fences and police reopen streets in the US capital a day after Joe Biden's presidential inauguration.
Faced with a defeat of Thursday in their efforts to raise the minimum wage, Democrats were quick to roll out backup plans.
A new iPhone hack is going viral on TikTok for showing users how to look up TikTok sounds and find their real names.
The music video to "Truck On" includes scenes from the actor's 2020 film Stand On It and callbacks to his beloved series The Dukes of Hazzard
Europe's medicines regulator on Friday provisionally approved use of US biotech firm Regeneron's Covid-19 therapy, saying it prevented patients from getting worse. Regeneron's synthetic antibody treatment was used to treat former US President Donald Trump after he contracted coronavirus last year.The European Medicines Agency said preliminary results showed treatment with REGN-COV2 reduced the amount of the virus in the back of the nose and throat and led to fewer medical visits."The Agency concluded that... REGN-COV2 can be used for the treatment of confirmed Covid-19 in patients who do not require supplemental oxygen and who are at high risk of progressing to severe Covid-19," it said in a statement.REGN-COV2 is a combination of casirivimab and imdevimab, two monoclonal antibodies which is given to a patient via a drip, the EMA said.Monoclonal antibodies are lab-made versions of the body's natural infection-fighting defenses.The two antibodies have been designed to attach to the spike protein of the coronavirus at two different sites, stopping it from entering the body's cells, the EMA said.A rolling review of the two antibodies, which started on February 1 "was ongoing", the medicines regulator said, adding "once finalised it will be the basis for an EU marketing authorisation for this combination".The US-based Food and Drug Administration in November approved emergency use of REGN-COV2, experimentally used to treat Trump.On Thursday, France too announced it had distributed thousands of monoclonal antibody treatments to hospitals, with Health Minister Olivier Veran saying "there are new hopes... which strengthen our anti-Covid arsenal".The EMA however did not make an announcement Friday on the approval of Johnson & Johnson's coronavirus jab, which earlier this month applied for authorisation within the European Union.So far, three vaccines made by Pfizer/BioNTech, Moderna and AstraZeneca have been approved by the EMA.A US panel of independent experts were meeting Friday to discuss whether to grant J&J's covid shot the go-ahead in the United States.Friday's announcements followed the Amsterdam-based EMA's monthly meeting, where it also recommended the approval of six other medicines including the first oral treatment for patients with certain types of spinal muscular atrophy.This rare and often fatal genetic disease causes muscle weakness and progressive loss of movement.(AFP)
US finds Saudi crown prince approved Khashoggi murder but does not sanction him. Biden administration to target ‘counter-dissident’ activity and Saudi official but not Mohammed bin Salman personally
US House passes historic public lands bill pledging to protect nearly 3m acres. Large land protection package combines various bills that languished under Trump – but now must pass a divided Senate
The former first minister claimed there is ‘no doubt’ Ms Sturgeon has broken rules governing the behaviour of ministers during the committe hearing.
(Bloomberg) -- Bitcoin’s rally has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets.The largest cryptocurrency slumped as much as 23% this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down as much as 26% this week.Bitcoin fell as much as 8% to $44,159 before recovering some losses to around $47,000 as of 3:02 p.m. in New York, according to consolidated pricing compiled by Bloomberg.“It is a market that was ridiculously overbought and will probably be so once again in the not-too-distant future,” Craig Erlam, a senior market analyst at OANDA Europe, said in a note Friday.The rough patch for Bitcoin comes amid increased volatility in global markets, as a surge in bond yields heralds growing expectations that growth and inflation are moving higher and forcing traders to reevaluate their positions across multiple asset classes. The tech-heavy Nasdaq 100 dropped the most since October this week as stocks like Tesla Inc. and Peloton Interactive Inc. slumped.“Risk-on assets are taking a hit at the moment -- we’re seeing stocks slide and crypto is following,” said Vijay Ayyar, head of Asia Pacific for cryptocurrency exchange Luno in Singapore. “The dollar is strengthening, which is a good indication to expect a slide in Bitcoin and crypto.”Bitcoin’s weakness in the face of market gyrations raises questions about its efficacy as a store of value and hedge against inflation, a key argument among proponents of its stunning fivefold rally over the past year. Detractors have maintained the digital asset’s surge is a speculative bubble and it’s destined for a repeat of the 2017 boom and bust.In a Flash, U.S. Yields Hit 1.6%, Wreaking Havoc Across MarketsWhile Bitcoin is often touted as the new “digital gold,” the yellow metal is winning out at the moment with spot gold trading around $1,728 per ounce, down about 3% for the week. The Bloomberg Dollar Spot Index is up 0.9% in the same period, on track for its strongest gain since October.Heavy selling in the Grayscale Bitcoin Trust, the world’s largest such fund, as well as the expiry of Bitcoin options are also contributing to the volatility, Ayyar said. The trust has slumped 23% this week, with losses racing past its underlying asset, as a once-massive price premium over Bitcoin has turned negative as investors cashed in on those gains, he said.Prominent figures across the financial world have also recently weighed in on Bitcoin.Tesla chief executive Elon Musk said the prices “seem high” on the weekend, seen by some as an initial catalyst for the week’s selloff. Ark Investment Management’s Cathie Wood later said in a Bloomberg interview she was “very positive on Bitcoin” but didn’t disclose whether Ark had made a purchase.Earlier this week, Microsoft Corp. co-founder Bill Gates said in a Bloomberg Television interview he wasn’t a fan of Bitcoin, while Treasury Secretary Janet Yellen said the token was an “extremely inefficient way of conducting transactions.(Updates pricing, chart, additional analysis.)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.
Renee Montgomery is among the few women to own a professional sports team.
The State Department is due to announce is response to the killing soon
(Bloomberg) -- GameStop Corp. shares are on track for their best week this month amid a flurry of day trader activity.The video-game retailer has jumped about 200% so far this week, as it staged another late afternoon rebound as amateur investors continued to promote the stock on social media platforms like Reddit and StockTwits. More than 75 million shares changed hands heading into the final hour of trading, more than triple what’s been seen in the past two weeks, and adding to the 233 million that traded over the past two sessions.“It would be unwise to discount the power of the collective retail trade and this is an example of the resurgence of energy either on GME again or through another stock,” said Amy Kong, chief investment officer of Barrett Asset Management.The stock has been a poster child for volatility so far this year. Euphoria for the video-game retailer set off a 2,728% rally last month before shares came crashing down and wiped out about $30 billion in market value. The retail craze drew ire from Washington and led to a House Financial Services Committee hearing on retail trading and the video-game distributor last week.Options traders were betting that the stock could do much better Friday after more than doubling so far this week. The most-active option traded on the stock Thursday was a contract on GameStop spiking to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%. The stock rebounded to rise 9.1% to $119 as of 2:56 p.m. in New York after swinging between a 31% jump and 21% slide.“From a top-down perspective, I would caution that these price spikes continue to signal frothiness in certain corners of the market and represent sharp deviations from company fundamentals,” Kong said.Analysts cited a tweet by activist investor and GameStop board member Ryan Cohen posted shortly before the stock began its resurgence on Wednesday, suggesting Reddit traders may view the photo of a McDonald’s Corp. ice cream as a cryptic message to resume buying. A report from Citron Research suggesting the company purchase Esports Entertainment Group Inc. to pivot away from its declining retail business provided a further catalyst.Even with the stock volatility on Friday, shares remain nearly nine-times higher than the average analyst price target of about $13, according to data compiled by Bloomberg. None of the eight analysts who follow the stock rate it a buy -- it has four hold-equivalents and four sell recommendations.While the stock’s revival caught many on Wall Street flat-footed this week, the craze is “nothing like what we saw in late January,” according to Eric Liu, the co-founder of Vanda Research. “Part of that is due to a broadening of the opportunity set” with retail traders flowing into cannabis and crypto-exposed companies, he said in an email.(Updates share price moves throughout.)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.
Andreas Wuchner suffered brain damage as a result of the fall
Follow all the latest news from the White House
Frontline workers took 3.5m sick days last year as a result of mental ill health, and a pay rise is not thought to feature in the budget.
Calls are mounting for Jason Ravsnborg to resign
What can we learn from the best 40 venture capital investments of all time? Of the 43 U.S.-based founders, 35 were white American; four were white immigrant/first generation, from France, Ukraine, Russia and Iran; and four were Indian immigrant/first generation.
Jim Bourg/ReutersA senior Justice Department official opened the door to seeking new legislative authorities to pursue domestic terrorism, a step the Biden administration has yet to entertain since the January 6 insurrection and something civil libertarians have warned against.The prospect of expanded investigative and prosecutorial tools arose during a Friday briefing with reporters in which multiple Justice Department and FBI officials described an expansive array of authorities already available to them.While there is no domestic terrorism statute, and U.S. officials can not designate a domestic group for sanction like they can a foreign one, one senior official acknowledged that statutory definitions of domestic terrorism “expand a lot of authorities we can use,” such nationwide search warrants, expanded law-enforcement access to tax and educational records, and harsher sentencing.First Capitol Riot Hearing Only Raised More Questions About Jan. 6But on Friday, a senior Justice Department official suggested the administration would consider seeking a domestic-terrorism statute as well.“Obviously that’s going to be a policy question for the folks that are coming in” to the administration, said the senior official. “I’m sure we’ll run a data-driven process to see whether we need additional legislative authorities in this area.”That has been a step the new administration has yet to take. On Tuesday, Sen. Mark Warner, the Virginia Democrat who chairs the Senate intelligence committee, told The Daily Beast’s “New Abnormal” podcast that the FBI has not sought additional powers to confront white supremacist or far-right violence. The FBI did not challenge that characterization, telling The Daily Beast: “The FBI defers to the legislative branch to work with leadership at the Department of Justice on whether any additional legislation is required.”The prospect of new counterterrorism powers has alarmed civil libertarians and others who fear that such authorities are both unnecessary and rife for abuse to criminalize extreme political views, rather than pursue people who have planned or committed acts of violence. Pointing to the excesses of the FBI during the 20-year War on Terror, they also fear that expanding those law enforcement, intelligence and prosecutorial powers will permit future presidents to use them against marginalized groups. Former President Donald Trump, for instance, slandered Black Lives Matter activists as terrorists.“We should not lose sight of our disgust at the double standards employed against white protesters and Black ones, or against Muslims and non-Muslims,” Rep. Ilhan Omar (D-MN) told The Daily Beast in the week after the Capitol insurrection. “But at the same time, we must resist the very human desire for revenge—to simply see the tools that have oppressed Black and Brown people expanded… The answer is not more laws expanding the surveillance and security state.”Three Percenter Truck at Capitol on Jan. 6 Belongs to Hitler-Quoting Rep’s HusbandOn the call, Acting Deputy Attorney General John Carlin pledged that the Justice Department was “prioritizing the detection, disruption and deterrence of domestic terrorism and violent extremism in all its forms.” Carlin repeatedly referenced continuities in such prioritization with the post-9/11 pursuit of jihadist terror at home, such as taking an “intelligence-led” approach, “as we have since 9/11.”Across the government, and to include Director of National Intelligence Avril Haines’ forthcoming “comprehensive threat assessment” of domestic terrorism, Carlin said the administration was looking at expanding information sharing, to prevent radicalization and disrupt “extremist networks.” As many officials have since 9/11, Carlin promised the protection of civil liberties would remain a priority.Carlin said the Justice Department would soon issue guidance ensuring its National Security Division “has insight into and can track all cases with a nexus to domestic terrorism” or violent extremism, in the hope of generating leads in cases across jurisdictions.“This approach recognizes that success is not the prosecution of a violent extremist or terrorist after the fact when families have lost loved ones and are grieving,” Carlin said. “Success is a disruption before violence occurs and that always has to be the goal of our counterterrorism work.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
MONAT Global celebrated 112 MONAT Directors who joined the first graduating class of the MONAT Maxwell Certification Program.
The prison operator announced some bad news, but the real problem is the longer-term trend at which it hints.
On the call with me today is Steve Donahue, Chief Executive Officer and Frank Wilcox, Chief Financial Officer. Before we begin, please note, today's discussion may contain forward-looking statements and non-GAAP financial measures.