Report: Joe Brady leaving LSU for Carolina Panthers.
Report: Joe Brady leaving LSU for Carolina Panthers.
Tennis legend Todd Woodbridge has shut down worrying reports about the Australian Open.
Seven Generations Energy Announces Partial Redemption of 6.875% Unsecured Notes Due 2023
Boeing Co said on Wednesday it had completed tests with five surrogate jets operating autonomously in a team in Australia, where it is developing an unmanned fighter-like jet designed to cooperate with manned aircraft. The 10 days of tests were part of the Boeing Airpower Teaming System programme, which has developed prototype "Loyal Wingman" aircraft with the Royal Australian Air Force that can carry weapons and shield manned fighter jets. "With the size, number and speed of aircraft used in the test, this is a very significant step for Boeing and industry in the progress of autonomous mission systems technology," said Emily Hughes, director of Boeing's Phantom Works International.
Back in October Apple announced the MagSafe Duo, a folding travel charger capable of charging both the iPhone and the Apple Watch simultaneously and wirelessly. The MagSafe Duo just appeared on Apple's own store and, with delivery estimates as soon as this week, it looks like they're shipping them immediately.
(Bloomberg) -- Nearly 1 million people in Southern California are facing blackouts as the state’s three biggest utilities weigh cutting power to prevent live wires from sparking fires during high winds.Edison International’s Southern California Edison warned it may need to shut off electricity to more than 230,000 homes and businesses in eight counties, the utility said on its website. That’s about 690,000 people based on the size of the average household, and would constitute the region’s largest public-safety blackout this year.Dry winds that can fan flames and knock power lines down are forecast to rattle Southern California through Friday, with the worst of it on Wednesday and Thursday, the National Weather Service said. California has already been charred by record fires that have burned 4.2 million acres and killed 31 people in 2020. Utilities including Edison and PG&E Corp. have cut power repeatedly to prevent live wires from falling into dry brush.Edison’s cuts could begin between late Wednesday and Friday, Edison spokesman Chris Abel said.Sempra Energy’s San Diego Gas & Electric utility also warned Tuesday that 88,700 homes and businesses, or more than 260,000 people, could lose power Wednesday night or Thursday morning, and possibly remain in the dark through Sunday or Monday. Most affected customers would be in the mountains east of San Diego. PG&E, California’s largest utility, said it may cut power to about 600 homes and businesses in Kern County this week, as well.Last week, Edison cut power to thousands of customers on Thanksgiving during high winds. In 2019, PG&E filed for bankruptcy after its wires sparked the deadliest blaze in state history.The high winds and blackouts will be mostly confined to Southern California but could touch a portion of the state’s Central Valley as well.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- A fleet of around 20 tankers laden with U.S. crude oil is expected to leave for Asia this month as the region continues to outpace the rest of the world in its recovery from the Covid-19 pandemic.The vessels have been booked, some of them provisionally, to load crude from the U.S. Gulf Coast this month for delivery to the Far East, according to shipping fixtures and shipbrokers. Most are supertankers that can each carry about 2 million barrels of oil.See also: Flurry of Asian Buy Tenders Adds Froth to Bullish Oil MarketDemand has rebounded in some parts of Asia, with Chinese crude processing matching a record in October. The nation’s independent refiners, meanwhile, have ramped up purchases after receiving new import quotas for 2021. Indian demand is also climbing as processors boost run rates.Of the roughly 20 ships identified, many have been fully fixed but it’s still possible that some may not make the trip. That said, there is still time to book more ships to load this month, which could raise the tanker count to match the October high of 26. Unipec, the trading arm of China’s biggest oil refiner Sinopec Group, Vitol Group and Litasco SA are among those that have chartered vessels.If all of the booked vessels make the December trip to Asia, the total volume will easily exceed that in November, when shipments to the region slumped 35% from October, according to ship tracking data compiled by Bloomberg. Traders said the arbitrage economics for U.S. crudes such as Mars and West Texas Intermediate were attractive when compared with some sour grades from the Middle East and also sweet varieties in Asia-Pacific.American benchmark West Texas Intermediate’s discount to global marker Brent was $2.69 a barrel on Tuesday, compared with $1.74 at the end of October. The wider spread is also adding to the attractiveness of U.S. crude. China’s Rongsheng Petro Chemical Co. chose to purchase U.S. crude last week over grades from the Middle East and Russia as offers for American shipments were more competitive. Earlier, a flurry of Asian buy tenders from the company and Indian refiners lifted the the price of benchmark Oman crude in an already bullish spot market.See also: Saudis to Raise Arab Light OSP by 65C to Asia for Jan.: SurveyCuts to term supplies from producers such as Iraq and the possibility of an extension in OPEC+ output curbs are also prompting buyers to seek alternative sources of crude from the U.S., the Mediterranean Sea as well as the North Sea, according to traders.(Updates with more details in fourth and fifth paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The 193-member U.N. General Assembly urged all countries to designate seafarers and other marine personnel as key workers on Tuesday after travel restrictions to combat the spread of COVID-19 have left hundreds of thousands stranded at sea for months. A unanimously adopted resolution encouraged governments to ensure safe ship crew changes and travel, allowing stranded seafarers to be repatriated and others to join ships. "In this crisis, we need to show our attention, commitment and support to these invisible heroes, who are working under difficult and challenging circumstances," Indonesia's U.N. Ambassador Dian Triansyah Djani told the General Assembly.
(Bloomberg) -- Asian stocks edged higher in early trading Wednesday after fresh record highs from their U.S. peers, as a renewal of fiscal spending talks added to optimism over progress on coronavirus vaccines. The dollar held a slide to a more than two-year low.Benchmarks ticked up in Japan, Australia and South Korea. S&P 500 futures fluctuated after the gauge closed up more than 1%. Congressional efforts to pass additional coronavirus relief crept ahead Tuesday as House Speaker Nancy Pelosi presented a fresh Democratic proposal and Senate Majority Leader Mitch McConnell floated a revision of his much smaller plan to fellow Republicans. Benchmark Treasury yields climbed back above 0.9%.Oil extended losses as tensions between OPEC members heightened uncertainty over the group delaying its planned output increase. Gold held an advance, while Bitcoin retreated after almost reaching $20,000 for the first time.After a record month for global stocks, there’s no sign the rally that’s been fueled by vaccine breakthroughs is losing steam. Pfizer Inc. and partner BioNTech SE have sought regulatory clearance for their Covid-19 vaccine in the European Union and BioNTech said it could start shipping the first doses “within hours” after approval.“Markets are closing out a phenomenally volatile year in a euphoric manner,” Kathryn Rooney Vera, chief investment strategist at Bulltick LLC, said on Bloomberg TV. “Markets are in a full bull scenario.”Despite the optimism, Federal Reserve Chairman Jerome Powell cautioned lawmakers that the U.S. economy remains in a damaged and uncertain state during testimony at a Tuesday hearing before the Senate Banking Committee.These are some key events coming up:Fed’s Powell testifies before Congress again on Wednesday.The U.S. employment report on Friday is expected to show more Americans headed back to work in November, though at a slower pace than October.Here are some of the main moves in markets:StocksS&P 500 futures fell 0.2% as of 9:37 a.m. in Tokyo. The S&P 500 Index rose 1.1% on Tuesday.Topix index rose 0.6%.Hang Seng futures earlier gained 0.3%.Australia’s S&P/ASX 200 Index advanced 0.1%.Kospi index gained 1.5%.CurrenciesThe Bloomberg Dollar Spot Index was steady after declining 0.7% Tuesday.The yen was little changed at 104.31 per dollar.The offshore yuan traded flat at 6.5435 per dollar.The euro was little changed at $1.2069, after rising over 1% Tuesday.BondsThe yield on 10-year Treasuries was at 0.92% after climbing nine basis points.Australia’s 10-year bond yield jumped seven basis points to 0.99%.CommoditiesWest Texas Intermediate crude fell 1.1% to $44.07 a barrel.Gold fell 0.1% to $1,813.18 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Investors dumped Treasuries amid a glimmer of hope that the U.S. Congress will reach an economic-stimulus compromise, driving one of the year’s biggest increases in long-term yields.Bonds sank as investors shifted to riskier assets like stocks, encouraged by the prospect that help is coming for the U.S. economy. Rates on 30-year Treasuries spiked as high as 1.683% on Tuesday, rising 10 basis points. Yields on 10-year notes jumped to 0.94%, the highest since Nov. 12.In a further sign that investors are warming to the idea that the economy could rebound, the 10-year breakeven rate -- a proxy for expected inflation derived from Treasury prices -- touched 1.83%, a level last seen in May 2019.After efforts to prop up the virus-ravaged U.S. economy stalled for months, a group of Democratic and Republican lawmakers revealed a $908 billion stimulus proposal Tuesday. While getting it approved is far from assured, the news fell on fertile ground as promising Covid-19 vaccine news has already driven a shift from bonds into stocks as the Dow Jones Industrial Average sees its best month since 1987 in November.“Treasury yields are playing catch-up with the enthusiasm in the rest of the market, and it appears the impetus for additional fiscal spending is the catalyst for rising rates,” said Charles Ripley, an Allianz Investment Management strategist who is based near Minneapolis.Bonds were resilient last week with prices holding up as investors waited on the largest month-end index extension since 2009 -- matching what was seen in August -- which typically results in purchases. With this anticipated calendar support removed, prices dropped.Yields on 10-year notes jumped as much as 9.7 basis points on Tuesday, good for one of the largest moves of 2020, though much smaller than the spikes seen in March as the gravity of the pandemic sunk in. The move spilled over to benchmarks in Asia as 10-year yields in Australia and New Zealand climbed five to seven basis points.The shift in sentiment Tuesday also drove down the dollar. Against the euro, the U.S. currency hit the weakest level since May 2018.Hedge funds and other leveraged investors may have been caught flat-footed by Tuesday’s move. In the week that ended Nov. 24, they’d slashed short bets against long-term Treasuries by the most since the first quarter, according to U.S. Commodity Futures Trading Commission data released Monday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Millie Bobby Brown broke down in tears while recounting a fan encounter that left her feeling 'uncomfortable'.
Ufovax, LLC, (Ufovax), a vaccine biotechnology company based on the Single-component Self-Assembling protein NanoParticle (1c-SApNP) vaccine design and manufacturing platform invented by Associate Professor Jiang Zhu, PhD, of Scripps Research (La Jolla, CA), has extended its intellectual property portfolio to include an exclusive global license to a patent covering the design of an optimized antigen for SARS-CoV-2 (aka "COVID-19"). The patent, entitled Stabilized Coronavirus Spike (S) Protein Immunogens and Related Vaccines, was filed by Scripps Research on June 29th of this year and was allowed by the U.S. Patent & Trademark Office (USPTO) on Nov 24, 2020.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kandi Technologies Group, Inc.
Roger Federer has delighted fans with a major announcement about his iconic 'RF' logo.
JD Health International Inc has priced its shares at HK$70.58 ($9.10) each and raised about $3.48 billion in Hong Kong's biggest initial public offering (IPO) this year, according to a term sheet. At $HK70.58 each, the top of the HK$62.80 and HK$70.58 range flagged by the company when the IPO launched last week, JD Health will be valued at nearly $29 billion. A greenshoe option can be exercised within a month to sell a further 15% of stock, which would take the size of the IPO up to $4 billion.
Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other "friends and angels" who appear to have also pitched into the round, including Box CEO Aaron Levie, Mighty Networks founder Gina Bianchini, Superhuman founder Rahul Vohra, and Amy Chang, who sold her startup Accompany to Cisco in 2018. Nash didn't reveal many details in the post or later on Twitter, saying he'll have more to say when the company is closer to launching.
The CAP strongly objects to the 9% Medicare cuts to pathologists and urges Congress to act quickly to stop these cuts before they take effect.
Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.
(Bloomberg) -- Salesforce.com Inc. agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals of the year.The transaction, Salesforce’s largest-ever acquisition, is expected to close by the end of July, the San Francisco-based company said Tuesday in a statement. Slack investors will receive $26.78 for each company share as well as 0.0776 share of Salesforce -- representing a 55% premium to Slack’s price on Nov. 24, the day before reports about deal talks between the companies.Salesforce Chief Executive Officer Marc Benioff has orchestrated more than 60 acquisitions in 21 years, taking his company from dot-com era upstart to a titan of cloud computing. The Slack deal would give Salesforce, the leader in programs for managing customer relationships, another angle of attack against Microsoft Corp., which has itself become a major force in internet-based computing. Microsoft’s Teams product, which offers a workplace chatroom, automation tools and videoconference hosting, is a top rival to Slack.“Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world,” Benioff said in the statement.Stewart Butterfield, Slack’s co-founder and CEO, will continue to run the business as a Salesforce unit when the deal is completed. He said he is excited to join the company that sparked the cloud revolution.“The opportunity we see together is massive,” Butterfield said in the statement. “This is the most strategic combination in the history of software, and I can’t wait to get going.”Salesforce’s shares declined about 4% in extended trading after closing at $241.35. The stock has jumped 48% this year. Slack’s shares were little changed after closing at $43.84. The stock has almost doubled in 2020, with about half of that gain coming since the acquisition talks were reported.Salesforce, among the first of the fast-growing cloud software companies when it went public in 2004, strives to generate year-over-year revenue increases of more than 25%. Slack, which is expected to increase its sales almost 40% to $877 million this fiscal year, could help that effort. Slack, launched in 2013, went public via a direct listing in 2019. Bloomberg News and other publications reported that companies including Amazon.com Inc., Microsoft and Alphabet Inc.’s Google expressed interest in buying Slack at various times when it was still private.Benioff for years has turned to acquisitions to keep his product lineup fresh. He has set an annual revenue goal of $35 billion for Salesforce by fiscal 2024, compared with $17 billion in fiscal 2020. The company bought analytics firm Tableau Software Inc. in an all-stock deal valued at $15.3 billion last year, which was Salesforce’s biggest acquisition at the time. The year before, in 2018, Benioff took over MuleSoft Inc. for $6.5 billion.Benioff, who just three months ago said he didn’t foresee making any acquisitions given the economic environment, praised Chief Operating Officer Bret Taylor for organizing the deal with Butterfield, then pitching him on the idea.“What’s very exciting is this vision that Stewart and Bret have put together,” he said in a conference call. “It’s a wow.”Taylor, who sold his productivity software company, Quip, to Salesforce in 2016, said Slack will be deeply integrated with the app maker’s software suite to help its customers’ employees.“It really is about facilitating this all-digital, work-from-anywhere world, to enable team selling, to enable people in a contact center to swarm on a case digitally whether or not you’re in the same building, to enable marketers to plan a campaign,” Taylor said.Separately, Salesforce projected revenue will grow about 17% in the current period to as much as $5.675 billion. That will be the slowest quarter of year-over-year sales growth in 11 years for the software maker, according to data compiled by Bloomberg. Profit, excluding some items, will be 73 to 74 cents in the period ending in January, missing analysts’ projections for 86 cents.Sales climbed 20% to $5.42 billion in the fiscal third quarter, which ended Oct. 31, the company said in a statement. Profit, excluding some items, was $1.74 a share, compared with analysts’ average estimate of 75 cents.The company also said Chief Financial officer Mark Hawkins will retire effective Jan. 31, and be replaced by Amy Weaver, currently president and chief legal officer. Hawkins will remain an adviser through October 2021, Salesforce said.Salesforce ownership will mark a new era for Slack, a tech upstart with the lofty goal of trying to replace the need for business emails. The cloud-software giant may be able to sell Slack’s chatroom product to existing customers around the world, making it even more popular. Slack said in March that it had reached 12.5 million users who were simultaneously connected on its platform, which has grown more essential while corporate employees work from home during the coronavirus pandemic. Slack has boosted revenue in the midst of Covid-19, but the company’s billings have been underwhelming because of shaky demand from small and mid-sized clients.Meanwhile, use of Microsoft Teams has jumped during the pandemic, and Slack has taken issue with the company’s business tactics. In July, Slack complained to the European Union that Microsoft had broken antitrust law and should be investigated.“Microsoft has illegally tied its Teams product into its market-dominant Office productivity suite, force installing it for millions, blocking its removal, and hiding the true cost to enterprise customers,” Slack said in a statement at the time. Microsoft, which integrates its products with Slack, has denied any wrongdoing.While the boards of both companies approved the deal, Slack will be required to pay Salesforce $900 million if Slack’s directors change their recommendation or back out to accept a “superior proposal,” according to a regulatory filing.Bank of America Corp. served as Salesforce’s financial adviser. Qatalyst Partners and Goldman Sachs Group Inc. advised Slack.(Updates with comments from COO in the 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
South Australian has gone four days with no new COVID-19 cases.
An attorney for Trump's campaign has been forced to walk back violent comments he made, saying a death threat was only meant as 'sarcasm'.