Local August 1, 2020

The history of the raised fist, a global symbol of fighting oppression

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Antonios Valamontes is a serial entrepreneur and investor.

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16 hours ago

Justice Department Seeks as Much as $18.1 Billion From Purdue Pharma

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The Justice Department is seeking as much as $18.1 billion from bankrupt opioid maker Purdue Pharma LP, new filings show, a demand that could disrupt the company’s monthslong effort to reach a settlement with states and local communities that accuse it of helping fuel the opioid crisis. The filings, made by the Justice Department in…

16 hours ago

Convalescent Plasma Reduced Death Rate Among Covid-19 Patients, Study Data Signals

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Hospitalized Covid-19 patients who received transfusions of blood plasma rich with antibodies from recovered patients reduced their mortality rate by about 50%, according to researchers running a large national study. The researchers presented their data analysis Saturday in a webinar for physicians interested in learning about so-called convalescent plasma, with data slides that were reviewed…

August 4, 2020

Saudi Arabia, With China’s Help, Expands Its Nuclear Program

by Editor

WASHINGTON—Saudi Arabia has constructed with Chinese help a facility for extracting uranium yellowcake from uranium ore, an advance in the oil-rich kingdom’s drive to master nuclear technology, according to Western officials with knowledge of the site. The facility, which hasn’t been publicly disclosed, is in a sparsely populated area in Saudi Arabia’s northwest and has…

August 4, 2020

Microsoft CEO Nadella Wades Into U.S.-China Tensions in TikTok Pursuit

by Editor

Merger deals are rarely simple. But Microsoft Corp. Chief Executive Satya Nadella now is attempting to ink a takeover agreement that satisfies not only both the companies and their shareholders, but two governments in bitter competition for technological clout. If it pans out, the acquisition of TikTok’s U.S. operations from Chinese parent ByteDance Ltd. could…

August 4, 2020

The $1.9 Million Covid Patient

by Editor

Josephine Mazzara watched her husband disappear into a Manhattan emergency room, unable to follow and uncertain when she would see him again. Once inside, doctors quickly diagnosed Salvatore Mazzara with Covid-19. Soon, the 48-year-old’s lungs, kidneys and heart would give out. Doctors tried experimental drugs and tested other therapies in an effort to keep him…

August 4, 2020

Kodak Loan Disclosure and Stock Surge Under SEC Investigation

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The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co.’s announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter. News of the loan last week caused Kodak’s shares to rise as high as $60, before falling to about $15 on…

August 4, 2020

Lebanon Struck by Explosion at Beirut Port

by Editor

BEIRUT—Dozens of people were confirmed dead and thousands more injured after a massive explosion caused by a warehouse fire rocked Lebanon’s capital city of Beirut. The warehouse held highly explosive material, said an official with Lebanon’s army who added that the blast was likely caused by a fire and wasn’t an attack. President Trump, however,…

August 4, 2020

White House Negotiators Say No Coronavirus Stimulus Deal Seen Soon

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WASHINGTON—White House negotiators said they aim to reach a deal with Democrats on a new coronavirus-relief package by the end of the week, with both sides saying they made progress in talks to bridge differences in unemployment payments and other aid proposals. “We’re going to try to reach an overall agreement, if we can get…

August 4, 2020

Ford Names Jim Farley as New CEO, Succeeding Jim Hackett

by Editor

Ford Motor Co. plans to install Chief Operating Officer Jim Farley as its new CEO, putting the onus on the 58-year-old executive to produce the tangible results that eluded his predecessor Jim Hackett during a three-year run in the top job. The company said Mr. Farley will succeed Mr. Hackett, 65, who is retiring on…

August 4, 2020

Tropical Storm Isaias Marches Up East Coast; More Than 1 Million Without Power

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Tropical Storm Isaias churned up the East Coast Tuesday, leaving downed trees, flooding and about 2.5 million homes and businesses without power from North Carolina to Massachusetts. Isaias made landfall late Monday as a Category 1 hurricane near Ocean Isle Beach, N.C. Maximum sustained winds reached 85 miles an hour but dropped to 65 to…

August 3, 2020

With Potential TikTok Deal, Microsoft CEO Satya Nadella Looks to Expand Audience

by Editor

If there is one trait that would link a TikTok acquisition with the other big deals Microsoft Corp. Chief Executive Satya Nadella has done, it is his willingness to pay big bucks to expand the software giant’s universe of users. Getting new users is one thing, linking them into a cohesive business strategy is another.…

August 3, 2020

Trump Says U.S. Should Get Slice of TikTok Sale Price

by Editor

WASHINGTON—President Trump said he was ready to approve a purchase of the U.S. operations of the Chinese video-sharing app TikTok, but only if the government receives “a lot of money” in exchange—an assertion of presidential power that appeared to lack precedent. Microsoft Corp. said it hopes to acquire TikTok’s business in the U.S. and three…

August 3, 2020

Covid Supercharges Federal Reserve as Backup Lender to the World

by Editor

When the coronavirus brought the world economy to a halt in March, it fell to the U.S. Federal Reserve to keep the wheels of finance turning for businesses across America. And when funds stopped flowing to many banks and companies outside America’s borders—from Japanese lenders making bets on U.S. corporate debt to Singapore traders needing…

August 3, 2020

Democrats, White House Upbeat After New Talks on Coronavirus Aid Bill

by Editor

WASHINGTON—Democratic leaders and White House officials sounded cautiously upbeat notes after another round of talks Monday on a new coronavirus aid package, under rising pressure to strike a deal as millions of Americans go without a $600-a-week federal jobless supplement, while President Trump floated potential executive actions. The two sides remain at odds on whether…

August 3, 2020

Isaias Strengthens to Hurricane Ahead of Landfall

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Isaias unleashed strong winds and heavy rain on South Carolina, as the Category 1 hurricane made landfall Monday night. The storm’s winds picked up as it traveled toward the Carolinas and maximum sustained winds reached 85 miles an hour, according to the National Hurricane Center late Monday. The National Hurricane Center said the eye of…

August 3, 2020

Why the Teenage Brain Pushes Young People to Ignore Virus Restrictions

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Monica Sager didn’t see her boyfriend for four months after she moved back into her childhood home in Pottstown, Pa., in March. She also didn’t go to any friends’ houses or social events. Now, her parameters have started to shift. Her boyfriend visited from New York over the Fourth of July weekend, and in August…

August 3, 2020

Hedge-Fund Launches Pick Up Despite Covid-19 Pandemic

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Raising money for a new hedge fund long was contingent on a host of in-person meetings. But a slate of managers are launching sizable startup funds despite complications wrought by the new coronavirus. Hedge-fund manager Gaurav Kapadia has raised one of the biggest, with more than $1 billion in committed capital for his new firm,…

August 3, 2020

Global Factories Increase Production but Overseas Demand Remains Soft

by Editor

Factories across the U.S., Europe and parts of Asia increased production in July, but the upswing was held back by weak global trade and suggested a long and precarious road ahead for the global economy. Export orders were soft across most of the countries surveyed in July by research firm IHS Markit, and activity contracted…

August 3, 2020

For Some, a Recovery From Covid Brings a Greater Sense of Safety

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After fighting off cases of Covid-19, Danielle Vito and her husband needed a break. When they tested positive for antibodies, they decided to take a trip to Mexico in July. “That played a big factor when I was traveling,” says Ms. Vito, a 28-year-old social media marketer. “It gives a little sense of hope that…

August 3, 2020

FDA’s Shifting Standards for Chinese Face Masks Fuel Confusion

by Editor

A Food and Drug Administration effort to address a shortage of protective masks has instead opened the floodgates to 3,500 Chinese manufacturers’ selling products of widely varying quality, potentially putting the public at risk and leaving some U.S. states with stockpiles of masks they no longer trust as protective gear, a Wall Street Journal analysis…

The history of the raised fist, a global symbol of fighting oppression

Editor

Ottawa to unveil support for COVID-19 quarantined Canadians next week, preparing fiscal response

Trump order encourages US to mine the moon – The Guardian

Justice Department Seeks as Much as $18.1 Billion From Purdue Pharma

Convalescent Plasma Reduced Death Rate Among Covid-19 Patients, Study Data Signals

Saudi Arabia, With China’s Help, Expands Its Nuclear Program

Microsoft CEO Nadella Wades Into U.S.-China Tensions in TikTok Pursuit

The $1.9 Million Covid Patient

Kodak Loan Disclosure and Stock Surge Under SEC Investigation

Lebanon Struck by Explosion at Beirut Port

White House Negotiators Say No Coronavirus Stimulus Deal Seen Soon

Ford Names Jim Farley as New CEO, Succeeding Jim Hackett

Tropical Storm Isaias Marches Up East Coast; More Than 1 Million Without Power

With Potential TikTok Deal, Microsoft CEO Satya Nadella Looks to Expand Audience

Trump Says U.S. Should Get Slice of TikTok Sale Price

Covid Supercharges Federal Reserve as Backup Lender to the World

Democrats, White House Upbeat After New Talks on Coronavirus Aid Bill

Isaias Strengthens to Hurricane Ahead of Landfall

Why the Teenage Brain Pushes Young People to Ignore Virus Restrictions

Hedge-Fund Launches Pick Up Despite Covid-19 Pandemic

Global Factories Increase Production but Overseas Demand Remains Soft

For Some, a Recovery From Covid Brings a Greater Sense of Safety

FDA’s Shifting Standards for Chinese Face Masks Fuel Confusion

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