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(Bloomberg) -- President Donald Trump is being treated with an antiviral drug at a U.S. military hospital near Washington. Trump’s campaign manager Bill Stepien tested positive for the coronavirus, as did former White House Senior Adviser Kellyanne Conway. Republican Senator Thom Tillis said he also has Covid-19.Trump said early Friday that he had tested positive along with his wife and one of his closest aides, throwing his campaign into deeper disarray just one month before the election.Other developments:Trump Kept Regular Schedule After Learning Close Aide Had CovidSenate’s Supreme Court Timeline Gets New Scrutiny on Virus FearsThe Coronavirus Treatments Available for Trump: QuickTakeTrump’s Age and Weight Make Covid Particularly DangerousTrump’s Symptoms Worsened Before Hospital Trip: NYTThe president had Covid-19 symptoms that worsened throughout the day before he went to Walter Reed hospital, the New York Times reported, citing unidentified aides. He was coughing and had congestion and fever, according to the report.Biden...
Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group , data analytics firm Palantir Technologies and data warehouse company Snowflake Inc . Airbnb said in August it had filed confidentially for an IPO with U.S. regulators. The company's current plan is to make its filing publicly available in November after the U.S presidential election and is targeting an IPO some time in December, the sources said, requesting anonymity as the plans are private....
Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month's sell-off, stalled fiscal stimulus and President Donald Trump's COVID-19 diagnosis, which weighed on stocks on Friday. A higher capital gains tax that could accompany a win by Democratic presidential nominee Joe Biden is also emerging as a potential counterweight to this year's powerful rally in stocks. Biden has proposed https://br.reuters.com/article/uk-factcheck-biden-trump-proposed-taxes/fact-check-comparison-of-proposed-taxes-under-biden-and-trump-looks-at-highest-tax-bracket-only-idUSKBN2672GE taxing capital gains and dividends as ordinary income, which would increase the tax rate from 20% to 39.6% for individuals and couples earning over $1 million, the highest tax bracket....
(Bloomberg) -- While Amazon.com Inc. and its FANG cohort have grabbed the headlines, some of the biggest stock-market winners in Europe during the coronavirus pandemic may be companies you’ve never heard of.Investors seeking stellar returns have been snapping up shares of small companies that range from e-commerce merchants to mobile-game makers. Shares of German retailers Westwing Group AG and Home24 SE and Sweden’s Lyko Group AB and Boozt AB have more than doubled this year, outpacing Amazon’s gain of about 70%. Away from retail, LoopUp Group Plc, which makes software for video conference calls, and game maker G5 Entertainment AB also have soared.“Small caps can be quite agile in an environment where things are changing quite quickly,” Hywel Franklin, head of European equities at Mirabaud Asset Management Ltd., said in an interview. “Thinking about what the new normal looks like, it’s clear that some of the companies which are best placed...
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand. The addition of Noble will boost Chevron's U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy....
Limits on H-1B visas may have the unintended effect of spurring American companies to shift even more work abroad. Already, Indian outsourcing companies are working to cast the new restrictions as an opportunity to do just that....
