29 June

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Moderna Vaccine Lab Results Strong Against Delta Variant By Investing.com

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By Christiana SciaudoneInvesting.com -- Moderna (NASDAQ:MRNA) rose almost 6% after saying its Covid-19 vaccine may be effective against variants, including the delta strain that is rapidly spreading. The mRNA vaccine produced neutralizing antibodies against all variants tested, including the delta, beta and eta, the company said in a statement. The vaccine was also authorized for use in India, where the delta variant may be responsible for the outbreak, CNBC said. The shares hit a 52-week high in morning trading, at $238.40. “As we seek to defeat the pandemic, it is imperative that...

29 June

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German court rejects injunction against Tesla factory permits in Germany By Reuters

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BERLIN (Reuters) - A court in Germany rejected on Tuesday an injunction brought by two environmental groups against provisional building permits issued by the state of Brandenburg for Tesla's planned factory in Gruenheide near Berlin. The testing of equipment, which is time-limited, may continue by Tesla, ruled the court in Frankfurt an der Oder, in the state of Brandenburg. ...

29 June

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Exclusive-Google deal with French publishers on hold pending antitrust decision – sources By Reuters

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By Mathieu Rosemain PARIS (Reuters) -Google has put on hold a preliminary deal with some French publishers to pay for news content as it awaits an antitrust decision that could set the tone for copyright talks on online news in Europe, two sources close to the matter said. Under the three-year framework agreement signed by Google and the Alliance de la presse d'information generale (APIG), a lobby group representing most major French publishers, the U.S. company agreed in January to pay a total of $76 million to 121 publications, according to documents seen by Reuters....

29 June

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Stimulus ‘Pandexit’ Is Next Big Challenge as Recovery Quickens By Bloomberg

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(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Central banks and governments were quick to buttress the world economy as the Covid-19 pandemic erupted. The bigger challenge will be weaning it off the unprecedented support they’ve deployed, according to the Bank for International Settlements. As economies rebound, officials will need to enact more targeted fiscal measures to preserve policy space, the Basel-based institution said in a report released Tuesday and entitled “Central Banks Facing Pandexit Challenges.” In light of the pick-up in consumer price pressures -- which are probably temporary...

29 June

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Sanofi to invest in mRNA vaccines development By Reuters

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(Makes clear investment figure is annual sum) PARIS (Reuters) -Sanofi will invest about 400 million euros ($476 million) annually in research and development of next-generation vaccines using mRNA technologies, which proved their efficiency in the Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) COVID-19 jabs. Sanofi (PA:SASY) added on Tuesday that its "mRNA Center of Excellence" will bring together around 400 employees based at existing sites close to Lyon in southern France and in Cambridge, Massachusetts. It is expected to produce a minimum of six clinical candidates by 2025. "During the COVID-19 pandemic, mRNA technologies...

29 June

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Nissan may confirm this week it is building a battery plant in UK – Sky By Reuters

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LONDON (Reuters) - Nissan Motor Co will confirm as soon as this week that it will build a battery gigafactory in Sunderland, northeastern England, as part of its electric vehicle strategy, a reporter for broadcaster Sky News said on Monday. "I understand Nissan will confirm as soon as this week details of its EV strategy for the UK, including the construction of a battery gigafactory in Sunderland - paving the way for thousands of the Japanese company's electric cars to be built in Britain every year," Sky's City Editor Mark Kleinman said on Twitter....

29 June

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Michael Kors owner lifts forecast on surging luxury demand after lockdowns By Reuters

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(Reuters) - Michael Kors (NYSE:CPRI) parent Capri Holdings Ltd raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging out of lockdowns look to upgrade their wardrobes. Capri, which also owns luxury brands Versace and Jimmy Choo, is benefiting from a bump in online sales as consumers with record savings are splurging on handbags and shoes. "As the world reopens, we are pleased to be seeing better than expected performance from all three of our iconic fashion luxury houses," Chief Executive...

29 June

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France sees June consumer boom after COVID restrictions eased By Reuters

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PARIS (Reuters) - French consumers are splurging on everything from clothes to cafes as the lifting of coronavirus restrictions boosts confidence to pre-pandemic levels and unemployment concerns subside, data showed on Tuesday. The finance ministry said that payment card data showed spending was up 18% in the third week of June from the same period of 2019 with little sign of easing in the weeks after coronavirus restrictions were relaxed. "The real surprise is that it's holding up over time," Finance Minister Bruno Le Maire said on Cnews television. "That proves that (consumers) are using...

29 June

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Eyeing return as Swedish premier, Lofven says budget can wait By Reuters

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STOCKHOLM (Reuters) - Swedish caretaker Prime Minister Stefan Lofven said on Tuesday he would be willing to return to head a government that did not yet have backing for a budget, potentially making it easier for the parliament speaker to ask him to form a new administration. Lofven resigned after losing a no-confidence vote last week, handing the speaker the job of finding a new prime minister candidate who can pass a vote in parliament. Despite his ouster, the Social Democrat leader probably has the votes to return as prime minister, but still not enough to...

29 June

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United Airlines confirms 270 Boeing and Airbus jet order By Reuters

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By Tracy Rucinski and Eric M. Johnson (Reuters) -United Airlines confirmed its largest ever order for Boeing (NYSE:BA) and Airbus jets on Tuesday, lining up 270 planes worth more than $30 billion at list prices as the U.S. giant pursues post-pandemic domestic growth. The 200 Boeing 737 MAX and 70 Airbus A321neo jets will replace smaller mainline planes and at least 200 regional jets between 2022 and 2026, the Chicago-based airline said. United is the most exposed U.S. airline to international travel, which suffered heavily during the coronavirus pandemic and is rebounding more slowly than domestic...

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Moderna Vaccine Lab Results Strong Against Delta Variant By Investing.com

German court rejects injunction against Tesla factory permits in Germany By Reuters

Exclusive-Google deal with French publishers on hold pending antitrust decision – sources By Reuters

Stimulus ‘Pandexit’ Is Next Big Challenge as Recovery Quickens By Bloomberg

Sanofi to invest in mRNA vaccines development By Reuters

Nissan may confirm this week it is building a battery plant in UK – Sky By Reuters

Michael Kors owner lifts forecast on surging luxury demand after lockdowns By Reuters

France sees June consumer boom after COVID restrictions eased By Reuters

Eyeing return as Swedish premier, Lofven says budget can wait By Reuters

United Airlines confirms 270 Boeing and Airbus jet order By Reuters

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