International News
Mnuchin tries to play down dispute with Fed
US Treasury Secretary Steve Mnuchin tried to play down his decision not to extend several emergency Federal Reserve lending facilities but economists said his move risked damaging the economy.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
FDA grants EUA for Eli Lilly treatment in conjunction with Remdesivir
The Food and Drug Administration has granted Emergency Use Approval for baricitinib, a treatment for Covid-19 developed jointly by Eli Lilly and Incyte, in combination with Gilead Sciences's remdesivir.
EU chief urges gradual easing of Covid-19 restrictions for holiday period
The president of the European Commission, Ursula von der Leyen, warned of a third wave of Covid-19 cases and urged governments to gradually lift the restrictions for the holiday period.
WHO advises against prescribing remdesivir for Covid-19
WHO advises doctors against treating Covid-19 patients with Gilead Science’s remdesivir drug (under the name Veklury) that has “no meaningful effect” on survival or need for ventilation.
Pfizer and BioNTech file for emergency use approval of Covid-19 vaccine with FDA
Pfizer and BioNTech have filed for Emergency Use Authorisation with America's drug regulator for their Covid-19 vaccine candidate, BNT162b2.
US pre-open: Futures point to flat open as new Covid-19 infections continue to rise
Wall Street futures were mostly flat ahead of the bell on Friday as a continued rise in new Covid-19 cases across the country continued to weigh on sentiment.
$427bn lost annually to tax evasion, reveals report
Tax Justice Network reported that $427bn is stolen annually by companies and individuals who avoid paying taxes and called for the G20 to tighten rules.
Telit considers u-blox takeover approach
Telit Communications said it had received an all-share bid approach from Swiss rival u-blox valuing and was considering the proposal.