Moderna and Merck released more positive three-year data Monday on their experimental vaccine, given to patients with the most deadly form of skin cancer in combination with the therapy Keytruda.The vaccine together with Merck’s Keytruda improved survival and showed long-lasting efficacy in a midstage study in patients with a deadly form of skin cancer. Moderna and Merck are presenting the data at the American Society of Clinical Oncology annual meeting in Chicago.The shot is a key part of Moderna’s pipeline that has helped shore up investor sentiment for the biotech company following a rocky last year, when demand plummeted for…
Author: insighter
U.S. consumers are so fed up with rising prices they would rather see the economy shrink than watch their costs get any higher, according to Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. As a result Kashkari, who has led the organization since January 2016, had some bad news for Wall Street: he doesn’t believe a cut is coming any time soon. Financiers have been waiting for Jerome Powell to confirm when rates will begin to fall from a more than two-decade high. Many previously believed that the process would have already begun by this point in the…
Presidential candidate Claudia Sheinbaum of ”Sigamos Haciendo Historia” coalition waves to supporters during the 2024 closing campaign event at Zocalo on May 29, 2024 in Mexico City, Mexico.Hector Vivas | Getty Images News | Getty ImagesMexico’s left-leaning climate scientist Claudia Sheinbaum has secured enough votes to become the Latin American country’s first-ever female president.The country’s electoral institute published a rapid count estimate late Sunday night saying that Sheinbaum had won the presidential election. The estimate has a margin of error of +/-1.5%, the institute said.A protégé of her long-time ally and mentor Andrés Manuel López Obrador, Sheinbaum is now poised…
Getting an inheritance is the epitome of a mixed blessing. You receive a financial windfall, but the cause is the death of a loved one. On top of complicated emotions, you may be dealing with the largest sum of money you’ve ever seen.Nobody is born knowing how to handle an inheritance, and few people are prepared to handle one. But if you’ve received an inheritance, you can take a few steps to use the money wisely.Decide Who To TellPhilosopher and scientist Francis Bacon once said, “Discretion of speech is more than eloquence, and to speak agreeably to him with whom…
The European Central Bank could open the door to a weaker euro on Thursday as its first interest-rate cut of the cycle puts the region on a divergent policy path from the US. With a quarter-point reduction all but certain, officials will finally embrace a widening in the difference between borrowing costs on either side of the Atlantic, the implications of which they’ve discussed for months. ECB policymakers led by President Christine Lagarde have insisted they’re comfortable plowing a separate furrow from the Federal Reserve, even if that risks a weaker currency that could stoke inflation. How tolerant officials will…
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.”Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesPARIS — Dutch digital bank Bunq is hoping it will manage to secure a banking license from U.K. financial regulators later this year or early next year, the firm’s CEO and founder Ali Niknam told CNBC.”I hope we’ll get somewhere by the end of the year, maybe early next year, because the U.K.’s processes may be slightly different to Europe because it’s a different regulatory area,” Niknam…
Carol Tan, Rakcent Wong and their son, Atlas, have traveled across 23 countries and counting since the start of 2024.Courtesy of Rakcent Wong”You won’t be able to travel anymore after having children.” Carol Tan, 36, and Rakcent Wong, 35, often received that age-old advice before having their son, Atlas — but they were determined to prove the naysayers wrong.The Singaporean family took a sabbatical from work to “worldschool” their 4-year-old child and has traveled from Switzerland to Denmark to Nepal, across 23 countries since the start of the year. What is ‘worldschooling’?Simply put, ‘worldschooling’ refers to making the world once…
Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. The government had demand for all shares on offer in a few hours after books opened, according to terms of the deal seen by Bloomberg News. Books were covered within the price range of 26.70 riyals to 29 riyals. While it wasn’t immediately clear how much of the demand came from overseas, the order book reflected a mix of local and foreign investors, three people familiar with…
Meme stock GameStop is rallying again on speculation Keith Gill, the man who inspired 2021’s epic short squeeze, could currently have a huge position in the video game retailer.Gill, who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding a significant amount of GameStop common shares and call options.The Reddit trading crowd’s favorite trader holds 5 million shares of GameStop worth $115.7 million as of Friday’s closing price, according to the account snapshot posted on Reddit’s r/SuperStonk forum. The account also showed a position of…
Republican presidential candidate and former U.S. President Donald Trump speaks during a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, at Trump Tower in New York City, U.S., May 31, 2024. Brendan Mcdermid | ReutersFormer President Donald Trump’s campaign debuted an official account on TikTok on Saturday night, the social media platform facing a potential ban in the U.S.”It’s my honor,” Trump said in his first TikTok post under the handle “@realdonaldtrump,” followed by a montage of him…
Rolex SA raised prices for some of its precious metal watches in the UK by 4% after the price of gold surged to record highs. The retail cost of the Rolex Daytona chronograph in white gold rose 4% to £38,700 ($49,312) from £37,200 as of June 1, according to information on the Swiss watchmaker’s UK website, tracked by Bloomberg News. The price of a yellow gold GMT Master II jumped to £35,400 from £34,000. Country-specific prices for timepieces made by Geneva-based Rolex can be seen as an indicator of a country’s economic strength. The world’s top luxury watch brand produces…
Kathryn Burgum aplauds as her husband Republican Governor of North Dakota Doug Burgum shakes hands with former US President and 2024 presidential hopeful Donald Trump during a Caucus Night watch party in Las Vegas, Nevada, on February 8, 2024. Patrick T. Fallon | AFP | Getty ImagesNorth Dakota Gov. Doug Burgum – a potential pick to be former President Donald Trump’s running mate – is denying claims that the former president had told oil executives he’d reduce regulations if elected in exchange for helping him raise money to return to the White House. According to the Washington Post, Trump told a few…