Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months, the energy minister of the country's internationally-recognised government said. Saudi-backed Abd-Rabbu Mansour Hadi's government controls the eastern and southern areas where Yemen's oil-and-gas fields are located, while the Iranian-aligned Houthi group controls the capital Sanaa and the oil terminal of Ras Issa on the Red Sea. "The oil ministry has put forward a plan to re-export crude oil from all oil fields in Marib and Shabwa ... and we have succeeded in rehabilitating al-Nashama oil port on the Arabian Sea," Hadi's government energy minister Aws Abdullah al-Awd told Reuters in an interview....
E-signature pioneer DocuSign, Inc. (DOCU) will become part of the NASDAQ-100 Index (NDX), the NASDAQ-100 Equal Weighted Index (NDXE) and the NASDAQ-100 Technology Sector Index (NDXT) before market open on Monday, June 22, 2020.DocuSign will replace United Airlines Holdings, Inc. (UAL) in the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index. United Airlines will also be removed from the NASDAQ-100 Ex-Tech Sector Index (NDXX) before the market opens next Monday.Shares in DOCU have more than doubled year-to-date, while UAL has plunged 55% as stringent travel restrictions tied to the coronavirus pandemic have brought travel demand almost to a halt.Meanwhile DocuSign is blossoming as it expands from its core e-signature functionality into the broader agreement process, including the preparation and management of agreements/ contracts.Following a very strong F1Q21, RBC Capital’s Alex Zukin reiterated his buy rating on the stock while ramping up his price target from $150 to $170 (13% upside potential).“While COVID benefited the...
AbbVie (ABBV) and Roche’s (RHHBY) Genentech have revealed positive results from the Phase III VIALE-A study, evaluating Venclexta (venetoclax) with azacitidine in people with previously untreated acute myeloid leukemia (AML) who were ineligible for intensive induction chemotherapy.The results were featured in the 25th European Hematology Association Virtual Congress Press Briefing on June 13.“The significant survival benefits observed in the VIALE-A study reinforce the potential utility of this Venclexta-based combination for people with this aggressive disease” commented Levi Garraway, CMO at Genentech.Indeed, AML is the most common type of aggressive leukemia in adults, which has the lowest survival rate for all types of leukemia. In 2020, it is estimated there will be nearly 20,000 new cases of AML diagnosed in the US, with many older AML patients unable to tolerate intensive induction chemotherapy treatment.Results from the VIALE-A study showed that the Venclexta combination reduced the risk of death (overall survival [OS]) by 34% compared...
(Bloomberg) -- Twenty-year-old William Lovely used to work at Jason’s Deli in Virginia Beach, delivering catering orders to surrounding businesses. Now, thanks to the coronavirus, he’s struggling to pay his bills.Laid off in March, he’s gone from regular hours and pay to gigging for UberEats or Instacart, earning up to $100 on some days but often coming home with almost nothing. While the restaurant is trying to slowly reopen, Lovely reckons the best he can hope for is a part-time position, requiring him to keep his second job if he’s going to meet his expenses.“My job stopped, but the bills don’t,” he said.Lovely’s experience goes to the heart of the dilemma facing the world economy as it gradually emerges from the virus-enforced lockdown and unprecedented recession: How many of the millions of lost jobs are gone for good?The hope is the waves of stimulus doled out by governments and central banks...
(Bloomberg) -- Twenty-year-old William Lovely used to work at Jason’s Deli in Virginia Beach, delivering catering orders to surrounding businesses. Now, thanks to the coronavirus, he’s struggling to pay his bills.Laid off in March, he’s gone from regular hours and pay to gigging for UberEats or Instacart, earning up to $100 on some days but often coming home with almost nothing. While the restaurant is trying to slowly reopen, Lovely reckons the best he can hope for is a part-time position, requiring him to keep his second job if he’s going to meet his expenses.“My job stopped, but the bills don’t,” he said.Lovely’s experience goes to the heart of the dilemma facing the world economy as it gradually emerges from the virus-enforced lockdown and unprecedented recession: How many of the millions of lost jobs are gone for good?The hope is the waves of stimulus doled out by governments and central banks...
