Month: May 2022
Eli Lilly’s ‘game-changing’ diabetes drug could boost the stock, SVB Securities says
Eli Lilly ‘s new diabetes drug, which may also address obesity in patients, could lead to even more gains for the company’s stock, according to SVB Securities. Analyst David Risinger initiated coverage of Eli Lilly with an outperform rating, saying in a Sunday note that investors are failing to price in the potential of tirzepatide, […]
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Pfizer says third Covid vaccine shot for kids under 5 is 80% effective against omicron
A healthcare worker administers a Pfizer-BioNTech Covid-19 vaccine to a child at vaccination site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images Pfizer and BioNTech’s three-dose Covid vaccine for children six months to 5-years-old was 80% effective at preventing illness during the omicron wave, according […]
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Conflict, politics and history: Why Turkey is standing in the way of Sweden and Finland’s NATO bids
When Finland and Sweden announced their interest in joining NATO, the two Nordic states were expected to be swiftly accepted as members of the defense alliance. But joining NATO requires consensus approval from all existing members, and Turkey – one of the group’s most strategically important and militarily powerful members – is not happy. The […]
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Russia dominates nuclear power supply chains — and the West needs to prepare now to be independent in the future
Wind turbine and cooling towers of the Cruas-Meysse nuclear power plant in France, April 12, 2021. Jean-Marie HOSATTE | Gamma-Rapho | Getty Images Russia’s war in Ukraine has pushed countries around the globe to wean themselves from Russian oil and natural gas. Parallel conversations are imminent in the nuclear energy space, too, because Russia is […]
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Slowing demand for PCs will limit HP’s upside, Citi says
Slowing consumer demand for PCs will mean limited upside for HP from here, according to Citi. Analyst Jim Suva downgraded HP to neutral from buy, saying in a Monday note that a higher inflationary environment is expected to moderate sales of laptops and desktops in the near to mid term. “[C]hallenging PC shipment growth and […]
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China demand must remain weak or we’ll have big trouble in the oil markets, IEA chief says
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in the years ahead. Imaginima | E+ | Getty Images The executive director of the International Energy Agency spoke of the current challenges facing […]
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Google, Meta and Amazon will benefit from the Ukraine war, ad guru Martin Sorrell says
Martin Sorrell, founder and chairman of media firm S4 Capital, believes the war in Ukraine has the potential to benefit three of America’s biggest tech firms. “I’m very bullish on the tech giants … because the war will have an impact on them,” Sorrell told CNBC at the World Economic Forum in Davos Monday. He […]
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Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China
Biden on Monday attended a joint press conference with Japanese Prime Minister Fumio Kishida in Tokyo, Japan. Pool | Getty Images News | Getty Images U.S. President Joe Biden on Monday said he would be willing to use force to defend Taiwan, prompting thanks from the democratic, self-ruled island — but sharp criticism from China. […]
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U.S. announces major Asia economic deal in effort to boost profile, counter China
U.S. President Joe Biden, pictured here on Thursday, April 21, 2022, has launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners. Yuri Gripas | Abaca | Bloomberg | Getty Images In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on […]
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Russian forces focus efforts on Severodonetsk, eastern Ukraine; Zelenskyy set to address Davos elite. Follow our live updates
Russian forces zero in on Severodonetsk in Donbas, Ukraine says Russian forces have been targeting Ukraine’s defenses in the Donetsk area in a bid to push through to neighboring Luhansk in the eastern region of Donbas, Kyiv said in its latest military update Monday morning. The General Staff of Ukraine’s Armed Forces said Russia had […]
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