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(Bloomberg) -- U.S. President Donald Trump said in a tweet that he and First Lady Melania Trump tested positive for Covid-19. The president said they will begin “quarantine and recovery process immediately.” The president was tested after Hope Hicks, one of his closest aides, also tested positive.Amazon.com Inc. said close to 20,000 of its employees had tested positive for the virus during the pandemic. A $1 billion funding package to help the U.S. Centers for Disease Control and Prevention fight Covid-19 has remained mostly unspent, people familiar with the matter said.Australia will allow New Zealanders to visit the country without quarantining in an effort to revive tourism. India’s death toll rose to almost 100,000. Germany reported the largest number of new cases since mid-April.Key Developments:Global Tracker: Cases pass 34.1 million; deaths exceed 1 millionHow Russia Shortened the Covid Vaccine Race to Declare VictoryLondoners Told to Act to Stop Covid with City...
(Bloomberg) -- U.S. President Donald Trump said he would begin self-quarantine while waiting for coronavirus test results after Hope Hicks, one of his closest aides, tested positive for Covid-19. Hicks traveled with Trump aboard Air Force One to and from the presidential debate in Cleveland on Tuesday.Amazon.com Inc. said close to 20,000 of its employees had tested positive for the virus during the pandemic. A $1 billion funding package to help the U.S. Centers for Disease Control and Prevention fight Covid-19 has remained mostly unspent, people familiar with the matter said.Australia will allow New Zealanders to visit the country without quarantining in an effort to revive tourism. India’s death toll rose to almost 100,000.Key Developments:Global Tracker: Cases pass 34.1 million; deaths exceed 1 millionHow Russia Shortened the Covid Vaccine Race to Declare VictoryLondoners Told to Act to Stop Covid with City at ‘Tipping Point’Europe’s Banks Lead the Way in Global Jobs...
(Bloomberg) -- Tesla Inc.’s factory near Berlin faces no major hurdles before getting the final green light to start producing electric cars next year, according to the premier of the state where it’s being built.Public hearings into the plant east of Berlin in the state of Brandenburg were off to a rocky start and have taken nearly two weeks instead of two days. Environmental activists and local residents have grilled authorities on hundreds of issues from deforestation and water usage to increased truck traffic and noise pollution.Despite the drawn-out process, Brandenburg Premier Dietmar Woidke isn’t concerned and expects the project to progress as planned.“As of now, I know of no problem that would stand in the way of the construction permit,” Woidke told Bloomberg News at the state government’s headquarters in Potsdam. “My assumption is that a legally sound permission is possible here.”The plant, Tesla’s first in Europe, is slated to...
(Bloomberg) -- Oil headed for a second weekly loss amid growing concern the global energy demand recovery has stalled, although figures showing OPEC’s crude output held steady last month eased fears of a potential glut.Futures in New York fell toward $38 a barrel Friday after slumping 3.7% on Thursday. The chance of any more U.S. fiscal stimulus before the November election appeared to be fading after talks yielded no immediate breakthrough. The coronavirus is resurgent in Europe and hasn’t been brought under control in big economies such as India, leading to a chorus of forecasters scaling back their estimates for when oil demand will get back to pre-virus levels.Still, the Organization of Petroleum Exporting Countries’ crude production was almost unchanged last month from August, according to a Bloomberg survey. The United Arab Emirates cut its oil output to the lowest in two years, offsetting increased Saudi Arabian exports as well as...
DraftKings’ (DKNG) short time as a publicly traded company has been a huge success. With a year-to-date share gain of 478%, the online sports betting (OSB) player is riding a momentum wave that shows no signs of slowing down yet.But this could only be the opening salvo. DraftKings operates in a sector which is just getting started and might turn into a very lucrative industry. In fact, Needham analyst Brad Erickson estimates the OSB industry could be worth “between $42 and $58 billion annually longer-term.” The 5-star analyst expects DraftKings to make good use of the opportunity at play.Erickson counts two significant reasons why online gaming and sports betting has “the potential to create many tens of billions of incremental equity value.”The first is regulatory. Covid-19 has left big holes in state budgets which need to be filled somehow. The windfall from expected OSB tax revenue could therefore see many states...
