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Lockheed’s F-35A could face first price rise in years as inflation bites By Reuters

By Mike Stone WASHINGTON (Reuters) -Lockheed Martin Corp said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64% drop in price since the jet was first introduced in 2007.     The first F-35A cost $221 million when it came off the production line in 2007. Since then, production quantities and know-how have increased, helping the price of the stealthy fifth-generation fighter drop to $79 million today as it gained appeal and buyers in 15 countries.     That trend may be over for the jet which has been criticized...

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BioNTech Gains On Project Malaria Launch With Eye On Africa Vaccine By Investing.com

By Dhirendra Tripathi Investing.com – BioNTech (NASDAQ:BNTX) stock rose more than 3% Monday following the launch of the company’s ‘Project Malaria’ which aims to develop a vaccine to prevent malaria in Africa. The vaccine will be developed on the company’s mRNA platform, the basis for its highly successful Covid-19 vaccine. BioNTech will assess multiple vaccine candidates featuring known malaria targets such as the circumsporozoite protein, as well as new antigens discovered in the pre-clinical research phase. The most promising mRNA vaccine candidates will be selected for clinical development. The start of the clinical trial for the...

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Shares Of Home Builders Drop In Line With New Home Sales By Investing.com

By Dhirendra Tripathi Investing.com – Shares of home building companies were trading weaker Monday as the latest data showed that sales of single-family homes in the U.S. fell in June. Lennar (NYSE:LEN), DR Horton Inc (NYSE:DHI), NVR (NYSE:NVR), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL) and Taylor Morrison (NYSE:TMHC) were down 1% to 1.4%. New home sales fell 6.6% to a seasonally adjusted annual rate of 676,000 units last month, the lowest level since April 2020, according to a release by the Commerce Department. May's sales were revised to 724,000...

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S&P 500 Hovers at Record Highs Ahead of Tech Earnings, Fed By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 hovered at record highs Monday, ahead of a busy week of earnings from big tech and a monetary policy update from the Federal Reserve due later this week. The S&P 500 rose 0.1%, after hitting a record high of 4,415.90. The Dow Jones Industrial Average gained 0.1%, or 24 points, though had notched a intraday record of 35,116.16. The Nasdaq also remained close to its record high of 14,863.6. Technology stocks were largely flat as investors appeared wary of bidding up the sector, which gained about 14% since...

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World Bank, COVAX unveil plan to speed vaccine supplies to developing countries By Reuters

By Andrea Shalal WASHINGTON (Reuters) - The World Bank and the COVAX global vaccine distribution program unveiled on Monday a financing mechanism to speed the supply of doses to developing countries, where COVID-19 inoculation rates lag far behind those of richer nations. The mechanism allows COVAX to make advance purchases - at more competitive prices - from vaccine manufacturers based on aggregated demand across countries, using financing from the World Bank and other multilateral development banks. "Accessing vaccines remains the single greatest challenge that developing countries face in protecting their people from the health, social, and...

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Goldman Expects U.S. Economic Growth to Slow Sharply Next Year By Bloomberg

(Bloomberg) -- U.S. economic growth will likely slow significantly in 2022 as the services sector’s recovery fades, according to Goldman Sachs Group Inc (NYSE:GS). The U.S. bank expects the world’s biggest economy to return to trend-like expansion in the second half of next year. It also cut its forecast for gross domestic product growth in the final two quarters of 2021 by one percentage point to 8.5% and 5% respectively. “Until a couple of months ago, our GDP growth forecast had been distinguished for the prior year by being well above...

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TAL Education, Tencent Music, Lockheed Fall Premarket; Hasbro Rises By Investing.com

By Peter Nurse  Investing.com -- Stocks in focus in premarket trade on Monday, July 26th. Please refresh for updates. TAL Education (NYSE:TAL) stock fell 23%, GSX Techedu (NYSE:GOTU) stock fell 23% and New Oriental Education (NYSE:EDU) stock fell 24% after the Chinese authorities released a new directive over the weekend forcing the country's online learning providers to operate on a not-for-profit basis. Alibaba (NYSE:BABA) ADR fell 3.3%, Baidu (NASDAQ:BIDU) ADR fell 3.8% and Didi Global (NYSE:DIDI) ADR fell 11% as the Chinese stocks listed in the...

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Exclusive: Facebook and tech giants to target manifestos, militias in database By Reuters

(Corrects to show 14 not 15 companies can access GIFCT database in paragraph 9) By Elizabeth Culliford (Reuters) - A counterterrorism organization formed by some of the biggest U.S. tech companies including Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT) is significantly expanding the types of extremist content shared between firms in a key database, aiming to crack down on material from white supremacists and far-right militias, the group told Reuters. Until now, the Global Internet Forum to Counter Terrorism's (GIFCT) database has focused on videos and images from terrorist groups on a United Nations list and so...

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Mode Global launches payments and rewards solution on iOS By Investing.com

By Samuel Indyk Investing.com – UK fintech company Mode Global (LON:MODE) has announced it has launched its payments and rewards solution on Apple's (NASDAQ:AAPL) iOS devices in public BETA. The launch gives customers on Apple’s mobile operating system access to the same features as customers on Android, including frictionless payments and Mode’s instant Bitcoin cashback feature. Customers of Mode will be able to try out features on the recently launched merchandise store, which has its payments solution integrated at checkout. Mode also confirmed that starting from the end of the quarter, all Mode customers can start...

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China’s new private tutoring rules put billions of dollars at stake By Reuters

HONG KONG (Reuters) - China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family living costs. The news sent shockwaves through the sector and parents struggled to understand how exactly the move would impact their children in a highly competitive education system....

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