FDA approves new shots from Pfizer, Moderna
A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The Food and Drug Administration on Monday approved updated Covid vaccines from Pfizer and Moderna, putting the shots on track to reach […]
Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat’s low earth orbit broadband constellation. Telesat PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. Elon Musk’s SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture’s Lightspeed internet satellites. Telesat […]
Treasury yields rise as Japan’s 10-year rate reaches highest in roughly a decade
Treasury yields were slightly higher Monday morning after Bank of Japan Gov. Kazuo Ueda hinted at a possible end to negative interest-rate policy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose less than 1 basis point to 4.991% from 4.982% on Friday. Yields move in the opposite direction to prices. The yield on […]
Treasury yields rise as Japan’s 10-year rate reaches highest in roughly a decade
Treasury yields were slightly higher Monday morning after Bank of Japan Gov. Kazuo Ueda hinted at a possible end to negative interest-rate policy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose less than 1 basis point to 4.991% from 4.982% on Friday. Yields move in the opposite direction to prices. The yield on […]
Musk biographer changes account of disabling Ukraine drone attack
Walter Isaacson said his description of Elon Musk’s decision not to allow his satellite system to be used by Ukraine for an intended attack on a Russian fleet was misstated in the biography of the billionaire he authored. Isaacson, in an excerpt of his book “Elon Musk” published in the Washington Post, had said Musk […]
Alibaba’s ex-chairman Daniel Zhang steps down as CEO of cloud business unit
Alibaba Group Holding’s former chairman Daniel Zhang stepped down as chairman and chief executive of its cloud business unit on Sunday. Eddie Wu, an Alibaba BABA, +0.09% 9988, -3.63% co-founder, has become acting head of the cloud unit after Zhang’s departure, an Alibaba spokesperson said in a statement. Wu and Brooklyn Nets owner Joe Tsai, […]
Apple buying Disney is unlikely
About 10 years ago, I invented a rule about covering mergers and acquisitions that still hasn’t failed me. Here it is: Will Apple buy [insert company of your choice here]? –> No. Apple almost never buys name-brand companies. Its largest takeover was 2014’s $3 billion deal for Beats Electronics. Apple is strict about its culture […]
Apple buying Disney is unlikely
About 10 years ago, I invented a rule about covering mergers and acquisitions that still hasn’t failed me. Here it is: Will Apple buy [insert company of your choice here]? –> No. Apple almost never buys name-brand companies. Its largest takeover was 2014’s $3 billion deal for Beats Electronics. Apple is strict about its culture […]
Instacart reportedly seeking valuation of less than $10 billion in its IPO
Instacart is targeting a valuation below $10 billion for its upcoming initial public offering, the Wall Street Journal reported Sunday, a far cry from the nearly $40 billion it was valued at just a couple of years ago. According to the Journal, Instacart is seeking a valuation of roughly $8.6 billion to $9.3 billion, and […]
Record number of Americans to bet on NFL this season
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri. William Purnell | Icon Sportswire | Getty Images As legalized sports gambling expands across the U.S., a record 73.5 million Americans plan to […]
