By Hannah McKay BEDFORD, England (Reuters) - A military guard of honour and Royal Air Force fly-past marked the funeral on Saturday of Captain Sir Tom Moore, the World War Two veteran who raised millions of pounds for Britain's health service during the coronavirus pandemic. Moore died on Feb. 2 after contracting COVID-19....
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LONDON (Reuters) - British finance minister Rishi Sunak is expected to announce an initial 12 billion pounds of capital and 10 billion pounds of guarantees for the new UK Infrastructure Bank in his budget statement next week, the government said on Saturday. It said this will help the bank, which will launch in the spring and operate UK-wide, unlock billions in private...
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By Pushkala Aripaka (Reuters) - AstraZeneca (NASDAQ:AZN) and Amgen (NASDAQ:AMGN)'s experimental drug reduced asthma attacks in patients with severe and uncontrolled forms of the respiratory condition in a large study, showing promise for wider use against different triggers. The medicine, tezepelumab, cut the rate of asthma attacks by 56% among patients when compared...
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By Yasin Ebrahim Investing.com – The Dow slumped Friday, snapping its three-week win streak as a tepid rebound in tech and a sea of red across energy and financials soured investor sentiment. The Dow Jones Industrial Average fell 1.50%, or 469 points, but closed the month higher following gains in early February. The S&P 500 was down 0.43%. The Nasdaq Composite rose 0.56%, though...
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(Reuters) - Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on Friday, citing sources. The California-based brokerage has held talks in the past week with underwriters about moving forward with a filing within weeks, Bloomberg said. Robinhood did not immediately...
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(Reuters) - British finance minister Rishi Sunak will use the budget next week to level with the public over the "enormous strains" in the country's finances, warning that a bill will have to be paid after further coronavirus support, according to an interview with the Financial Times. Sunak told the newspaper there was an immediate need to spend more to protect...
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By Kate Abnett and Andrea Shalal WASHINGTON (Reuters) - Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter. In the six-page letter dated Wednesday, World Bank executive...
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By Yasin Ebrahim Investing.com – An advisory panel to the Food and Drug Administration on Friday recommended approval of emergency authorization for Johnson & Johnson's single-dose Covid-19 vaccine, paving the way for a third vaccine to enter the fray and help lead the fight against the pandemic. Johnson & Johnson (NYSE:JNJ) rose 1.6% in aftermarket hours The FDA could grant that emergency use authorization...
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By Stephen Nellis (Reuters) - When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected. For years, chip industry executives and U.S. government officials have been concerned about the slow drift...
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(Reuters) - SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a...
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