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Oracle Corp said on Monday it had added new cloud computing data centers in five countries and aims to have them in 36 locations by the end of 2020, as it races with Amazon.com and Microsoft Corp for market share. After a rocky start in the cloud business, Oracle, a longtime business software provider, is rolling out its second generation of cloud systems, in which it operates data centers and customers rent capacity from it. Amazon Web Services and Microsoft are the two top players with more than two-thirds of the global market in 2019, according to Forrester Research, but Oracle is trying to win customers by extending its geographical reach....
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.China has kick-started a clinical trial to speedily test a drug for the novel coronavirus infection as the nation rushes therapies for those afflicted and scours for vaccines to protect the rest.Remdesivir, a new antiviral drug by Gilead Sciences Inc. aimed at infectious diseases such Ebola and SARS, will be tested by a medical team from Beijing-based China-Japan Friendship Hospital for efficacy in treating the deadly new strain of coronavirus, a hospital spokeswoman told Bloomberg News Monday.Trial for the drug will be conducted in the central Chinese city of Wuhan -- ground zero of the viral outbreak that has so far killed more than 360 people, sickened over 17,000 in China and spread to more than a dozen nations. As many as 270 patients with mild and moderate pneumonia caused by the virus...
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.China has kick-started a clinical trial to speedily test a drug for the novel coronavirus infection as the nation rushes therapies for those afflicted and scours for vaccines to protect the rest.Remdesivir, a new antiviral drug by Gilead Sciences Inc. aimed at infectious diseases such Ebola and SARS, will be tested by a medical team from Beijing-based China-Japan Friendship Hospital for efficacy in treating the deadly new strain of coronavirus, a hospital spokeswoman told Bloomberg News Monday.Trial for the drug will be conducted in the central Chinese city of Wuhan -- ground zero of the viral outbreak that has so far killed more than 360 people, sickened over 17,000 in China and spread to more than a dozen nations. As many as 270 patients with mild and moderate pneumonia caused by the virus...
OPEC and its allies are considering cutting their oil output by a further 500,000 barrels per day (bpd) due to the impact on oil demand from the coronavirus, two OPEC sources and a third industry source familiar with discussions said. The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, are considering holding a ministerial meeting on Feb. 14-15, one of the OPEC sources said, earlier than a current schedule for a meeting in March. Oil has fallen $10 a barrel this year to $56, lower than the level many OPEC countries need to balance their budgets....
The Iowa Democratic Party is preparing for potentially a record turnout in the 2020 caucuses. WSJ’s Gerald F. Seib poses four questions that may determine the shape of the race. Photo: Stephen Maturen/AFP...
Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations, boosted by higher security subscriptions and products to guard against cyber threats in the cloud. Israel-based Check Point said on Monday it earned $2.02 per diluted share excluding one-time items in the fourth quarter, up from $1.68 a year earlier. Check Point said it bought back 2.9 million shares in the quarter worth $325 million as part of its share repurchase programme and announced a $2 billion extension to the programme with authorisation to buy back up to $325 million each quarter....
Utilities and REITs typically have more defensive businesses that tend to hold up well in a bad economy. They are probably the best sectors to be in when the market turns south, observes income investing expert Tom Hutchinson, editor of Cabot Dividend Investor....
