CNBC reports: KEY POINTS – Moderna is said to have asked the FDA to allow it to put additional doses in its vaccine vials. – The move is aimed at alleviating a bottleneck in Covid-19 vaccine manufacturing. – The change would add up to five doses to the 10-dose vials. Moderna has asked the U.S. Food and...
CNBC reports: U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months. The S&P 500 rose 1.9%,while the blue-chip Dow gained 600 points, or 2.0%, boosted by Disney and American Express....
CNBC reports: U.S. stocks fell sharply on Wednesday amid disappointing earnings, while concern about heightened speculative trading activity deepened. The Dow Jones Industrial Average lost 620 points, or 2%, while the S&P 500 dropped 2.6%. The tech-heavy Nasdaq Composite slid 2.5%. The S&P 500 and the Nasdaq both hit intraday record highs in...
After the US markets closed today, CH Robinson reported financial results for the quarter ended December 31, 2020, highlighting the following Q4’20 key metrics: – Gross profits increased 10.5 percent to $636.1 million – Adjusted gross profits(1) increased 10.7 percent to $640.6 million – Income from operations increased 51.2 percent to $206.8 million – Adjusted operating...
Ding! THE WALL STREET JOURNAL REPORTS: Pharma giant expects to ship half the doses it had originally planned after finding raw materials in early production didn’t meet its standards Pfizer Inc. expects to ship half of the Covid-19 vaccines it originally planned for this year because of supply-chain problems, but still expects to roll out more...
December 2, 2020 by Choice Aviation Services0Air Cargo
PRESS RELEASE XPO Logistics Announces Plan to Spin Off Logistics Segment to Its Shareholders Separation of logistics and transportation businesses would create two pure-play industry powerhouses XPO Logistics, Inc. (NYSE: XPO) (”XPO”) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment...
THE GUARDIAN reports: US rating agency S&P Global is to buy London-based market data and research company IHS Markit in an all-stock deal worth $44bn (£33bn) that will be the biggest corporate acquisition of 2020. The deal, which IHS Markit’s chief executive, Lance Uggla, told employees in a memo had been in the...
Transport Intelligence‘s Thomas Cullen writes: The distribution of vaccines for Covid-19 will be a task of some, but not overwhelming, size and complexity. It treads a familiar path for inoculation programmes in both the developed and the developing world. The logistics solutions are familiar and will use resources that are widely available...
THE HEISENBERG writes: Right, but when? That’s the question the whole world wants answered when it comes to the vaccination push. The last several weeks have delivered plenty in the way of encouraging data on Covid-19 vaccines, contributing to a powerful pro-cyclical rotation across assets, even as the US long-end refuses to join in on...
CNBC reports: Key points – Goldman Sachs has been using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. – The coronavirus put an end to the in-person meetings and frequent travel of the due...
