A deal that Trump describes could be more expensive for Microsoft than the one the company described in a statement on Sunday.
Trump said Monday he would like to see the app banned in the U.S. if it’s not bought by Sept. 15.
Sweden had one of the most controversial responses to the coronavirus pandemic.
It kept its country more open than most of its neighbors.
For some, that was the right approach. But for others, including the elderly population, the trade-off had harsh consequences.
NASA’s Perseverance Mars Rover tweeted to the Hope mission: “Congratulations on your launch! I wish you a successful journey and look forward to the sol when we are both exploring Mars.”
The small Gulf country has long seen the space program as a driver of growth for its STEM sectors, founding its own space agency in 2014.
The U.S. and China are also launching their own Mars missions — expected to reach the planet’s orbit around the same time as the Hope probe.
European capitals have not agreed on how to divide the funds between grants and loans, how to link them to the EU’s democratic values, and how to oversee how the money is invested.
The only official new proposal that was tabled over the weekend already included a cut in the level of grants to 450 billion euros.
A new proposal for a recovery fund will be tabled this afternoon.
The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials.
The drug, SNG001, is a formulation of a naturally occurring antiviral protein called interferon beta and is inhaled directly into the lungs in the hope of stimulating an immune response
“It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,” the airline said in an emailed statement to CNBC.
It said it would instead operate more flights on “modern, fuel-efficient aircraft” including the Airbus A350 and the Boeing 787.
The news comes after Qantas Airways announced in June that it was retiring its six Boeing 747 planes immediately, six months before initially planned.
Australia will reveal its first economic and fiscal update since the coronavirus outbreak on Thursday.
“The coronavirus crisis has hit our economy hard, and it’s hit our budget hard,” Australia’s Finance Minister Mathias Cormann told CNBC.
One chief economist estimates a deficit of 4.8% of GDP for 2019-20.
The Centers for Disease Control and Prevention on Thursday extended its ban on passenger cruising from U.S. ports through Sept. 30, citing “ongoing” coronavirus outbreaks aboard ships.
The CDC’s no-sail order was previously due to expire on July 24.
The Cruise Line International Association, which represents the largest cruise lines in the world, announced last month that its members had agreed to suspend operations until Sept. 15.
Netflix missed analyst expectations on earnings per share but beat revenue expectations.
The company provided weak subscriber growth guidance for the third quarter, saying, “growth is slowing as consumers get through the initial shock of Covid and social restrictions.”
The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings.
Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery.
Futures on the Dow Jones Industrial Average jumped 300 points, pointing to a 270-point gain at Wednesday’s open. The S&P 500 futures and the Nasdaq 100 futures rose 0.7% and 0.5%, respectively.
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Moderna’s potential vaccine to prevent Covid-19 produced neutralizing antibodies in all 45 patients in its early stage human trial, according to newly released data.
The findings provide more promising data that the vaccine may give some protection against the coronavirus.
JPMorgan posted a record $33.8 billion in second-quarter revenue because of shrewd moves made under CEO Jamie Dimon to build up its investment bank in the years after the financial crisis.
Surging volatility and unprecedented steps taken by the Federal Reserve to support credit markets have created the best environment for trading and advising on debt and equity issuance in years.
JPMorgan’s corporate and investment bank posted a record $5.5 billion profit for the second quarter, which is more money than most entire banks typically generated before the coronavirus pandemic.
The bank’s Wall Street division helped offset losses in two of JPMorgan’s four main businesses, its consumer and commercial bank, as the firm set aside $8.9 billion for expected loan defaults across its operations.
A new negotiating point has emerged in the discussion over whether or not to send Americans another round of federal stimulus checks.
Lawmakers are reportedly considering a new, lower $40,000 income threshold in order to qualify for the payments.
The substantially lower income cap would mean fewer Americans would get checks.
More than 10,000 apartments were listed for rent in Manhattan in June, an increase of 85% over last year, according to a report from Miller Samuel and Douglas Elliman.
The official vacancy rate hit a record 3.67% but is far higher in many New York City buildings, according to brokers.
In an effort to fill all those vacant apartments, landlords are dropping prices and offering ever-larger incentives.
Before Elon Musk was a billionaire or even a millionaire, he was a college student studying physics and economics at the University of Pennsylvania.
In 1992, Musk transferred to The Wharton School on scholarship after spending two years studying at Queen’s University in Ontario, Canada. He dreamed of space exploration and constantly spoke about electric cars, according to the book “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” by Ashlee Vance.
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Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to filings.
The PPP loans and grants were designed to help small businesses hurt by the pandemic to retain or rehire employees.
West’s Yeezy fashion brand received $2 million to $5 million.
Tesla shares soared after the automaker said it delivered about 90,650 vehicles in the second quarter.
That handily beating Wall Street expectations as the electric car maker’s sales withstood the economic downturn better than most competitors.
TransferWise says it has received permission from the U.K.’s Financial Conduct Authority to deal in investments.
The money transfer start-up says it expects to launch its first investing feature in the next 12 months.
It now has 8 million users globally and processes £4 billion worth of transactions each month.
The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy.
Including the assumption of debt, the deal totals almost $10 billion.
It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
For Berkshire, the move greatly increases its footprint in the natural gas business.
With the purchase, Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States, up from 8% currently.
Shares in Asia Pacific were higher in Monday morning trade, with the Shanghai composite up nearly 3%.
The World Health Organization said Saturday that more than 200,000 coronavirus cases were confirmed over a 24-hour period — a record.
Tensions between Washington and Beijing will also be watched, with Reuters reporting over the weekend that two U.S. aircraft carriers were sent to the South China Sea during Chinese drills.