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Dogecoin tumbles after Elon Musk calls it a ‘hustle’ on ‘SNL’ show By Reuters

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The value of dogecoin dropped sharply in early U.S. hours on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live" comedy sketch TV show. Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show. The billionaire Tesla Inc chief executive hosted the show at 11:30 p.m. EDT on Saturday (0330 GMT on Sunday). Cryptocurrency enthusiasts had for days been eager to see what...

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Musk boosts his brand, and NBCUniversal’s, on ‘Saturday Night Live’ By Reuters

By Joseph White DETROIT (Reuters) -Billionaire Elon Musk dropped a surprise early in his hotly anticipated turn as host of "Saturday Night Live," saying in his monologue that he "is the first person with Asperger's" to host the show, before clowning through skits for the first global livestream of the NBCUniversal comedy show. Musk, one of the world's richest individuals, opened his monologue by telling an audience in more than 100 countries he is "the first person with Asperger's to host SNL. At least the first to admit it." The billionaire made light of his tendency...

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U.S. wants COVID vaccine patent waiver to benefit world, not boost China biotech By Reuters

By Andrea Shalal, Carl O'Donnell and David Lawder (Reuters) - The Biden administration is examining ways to ensure that a waiver of COVID-19 vaccine patents to aid poor countries will not hand sensitive U.S. biopharmaceutical technology to China and Russia, responding to a chorus of concerns, U.S. and industry officials say. President Joe Biden on Wednesday backed the U.S. entering negotiations at the World Trade Organization for the waiver of intellectual property rights as a means to boost vaccine supplies by allowing poorer countries to make their own. So far, vaccines have gone overwhelmingly to richer...

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Dogecoin in spotlight as cryptocurrency backer Musk makes ‘SNL’ appearance By Reuters

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - With the price of dogecoin surging, investors are looking ahead to Elon Musk's guest-host spot on this weekend's "Saturday Night Live" comedy sketch TV show after the billionaire's tweets this year turned the once-obscure digital currency into a speculator's dream. The Tesla Inc chief executive will host the show at 11:30 p.m. EDT on Saturday (0330 GMT on Sunday). The timing puts Musk, who is also known as an enthusiast of cryptocurrencies, back in the spotlight just as Tesla's stock is losing steam following last...

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Rent Surges on Single-Family Homes With Landlords Testing Market By Bloomberg

(Bloomberg) --Record occupancy rates are emboldening single-family landlords to hike rents aggressively, testing the limits of booming demand for suburban rentals. American Homes (NYSE:AMH) 4 Rent, which owns 54,000 houses, increased rents 11% on vacant properties in April, according to a statement Thursday. Invitation Homes (NYSE:INVH) Inc., the largest landlord in the industry, boosted rents by similar amount, an executive said on a recent conference call. Housing costs are jumping across the U.S. as vaccines fuel optimism about a rebound from the pandemic. With homeownership out of reach for many Americans, rents are also climbing. The...

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‘SNL’ host Elon Musk takes a Saturday off from Tesla’s troubles By Reuters

By Joseph White DETROIT (Reuters) - Elon Musk's turn as host of this week's "Saturday Night Live" television program will be a light-hearted, brand-building break from the pressures of running Tesla Inc and SpaceX - or land the billionaire in another bucket of hot water. That uncertainty appears to be the point for both Musk and NBCUniversal's (O:CMCSA) venerable comedy sketch show. Musk has been encouraging fans and detractors to anticipate shenanigans, potentially involving the Dogecoin cryptocurrency. Musk has touted Dogecoin on his Twitter account, and the cryptocurrency's value has soared ahead of his appearance....

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Britain, Germany in role reversal on AstraZeneca vaccine risks By Reuters

By Alistair Smout and Douglas Busvine LONDON/BERLIN (Reuters) - Britain restricted the use of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine on Friday while Germany said it would give the shot to anyone who wants it, in a risk-management role reversal that reflects the divergent progress of their vaccination campaigns. The shifts in guidance on the Anglo-Swedish drugmaker's vector-based shot demonstrate just how hard it is for policy makers to weigh its benefits against risks in the form of very rare - yet occasionally fatal - cases of blood clotting. How choosy governments can afford to be depends...

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Dow, S&P 500 Close at Records After Jobs Report Falls Short By Investing.com

By Yasin Ebrahim Investing.com – The Dow and S&P 500 closed at record highs Friday as an unexpectedly weak April jobs report cooled fears the Federal Reserve may be forced to tighten policy sooner than many expect to curb an overheating economy. The Dow Jones Industrial Average rose 0.66%, or 229 points, to end the day at a record close of 34,777.76. The S&P 500 was up 0.74% to close at record of 4,232.60, and the Nasdaq Composite gained 0.88%. The U.S. economy created 266,000 jobs in April, below the 770,000 seen the prior month and...

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Soccer-Super League rebels face sanctions after defectors sign deal with UEFA By Reuters

By Simon Evans MANCHESTER, England (Reuters) - The three teams that remain involved in the breakaway Super League operation, Real Madrid, Barcelona and Juventus, face sanctions from UEFA, who have reached an agreement with the nine other clubs. European soccer's governing body said on Friday the nine clubs who backed out of the plan had signed a ‘Club Commitment Declaration’ including a series of "reintegration" steps. The six English clubs -- Manchester United, Liverpool, Manchester City, Chelsea, Tottenham Hotspur and Arsenal along with AC Milan, Inter Milan and Atletico Madrid, all signed the agreement, UEFA said...

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Miami’s Packed; Expedia Jumps By Investing.com

By Christiana Sciaudone Investing.com --  Expedia (NASDAQ:EXPE) jumped 8% on better-than-expected results for the first quarter. A loss per share of $2.02 was better than the estimated loss of $2.30 on sales of $1.25 billion, higher than the forecasted $1.11 billion, according to data compiled by Investing.com. Beach and outdoor destinations have shown robust rebounds while major cities and business and international trips remain muted, the company said. “For our part, we continue to invest in bolstering our technology platform and in marketing where we can best get ahead of the...

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