The notion behind what the Santa Clara, California-based company calls its A100 chip is simple: Help the owners of data centers get every bit of computing power possible out of the physical chips they purchase by ensuring the chip never sits idle. The same principle helped power the rise of cloud computing over the past two decades and helped Intel build a massive data center business. When software developers turn to a cloud computing provider such as Amazon.com or Microsoft Corp for computing power, they do not rent a full physical server inside a data center....
Many struggling homeowners who delay mortgage payments through forbearance plans will be allowed to make missed payments when the home is sold or the loan term is over, the Federal Housing Finance Agency said....
Norwegian Cruise Line (NASDAQ: NCLH) reported a first-quarter loss of 99 cents per share Thursday, missing the analyst consensus estimate of 31 cents by 219.35%.This is a 219.28% decrease over earnings of positive 83 cents per share from the same period last year.The company reported quarterly sales of $1.2 billion, which beat the analyst consensus estimate of $1.18 billion. "In recent weeks, we have taken decisive action to significantly strengthen our financial position in response to the COVID-19 global pandemic, including our highly successful and oversubscribed $2.4-billion gross simultaneous quad-tranche capital raise announced last week," CEO Frank Del Rio said in a statement. "We believe this capital raise, coupled with other ongoing liquidity-enhancing initiatives, makes us well-positioned to weather an unlikely scenario of over 18 months of suspended voyages." View more earnings on NCLHThe company said guests continue to demonstrate their desire for cruise vacations. Norwegian Cruise Line is preparing to...
French drugmaker Sanofi (SNY) said that the U.S. would likely get its Covid-19 vaccine first once it is available.“The U.S. government has the right to the largest pre-order because it’s invested in taking the risk,” Sanofi CEO Paul Hudson said in an interview with Bloomberg News. The U.S., which expanded a vaccine partnership with the company in February, expects “that if we’ve helped you manufacture the doses at risk, we expect to get the doses first.”Hudson cautioned that Europe needs to step up efforts to find protection against the pandemic if it doesn’t want to fall behind.Last month Sanofi entered into a collaboration with GlaxoSmithKline (GSK) to jointly develop an adjuvanted vaccine for COVID-19. The two companies said they expected a candidate vaccine to enter Phase 1 clinical trials in the second half of 2020 and, if successful, they plan to make it available in the second half of 2021. The vaccine...
