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Share to Twitter Share to Linkedin Topline The World Health Organization has recommended Pfizer’s antiviral pill Paxlovid to treat high-risk Covid patients, the agency announced Friday, which it said is safer, easier to administer and better at preventing hospitalizations than other available treatments. Key Facts The WHO’s expert panel endorsed Paxlovid—a combination of nirmatrelvir, which inhibits coronavirus replication, and ritonavir, an HIV inhibitor which also slows the liver’s breakdown of nirmatrelvir—for Covid patients without severe disease who are at high risk of hospitalization. High risk groups include older patients, those with compromised immune systems or chronic illnesses and the unvaccinated, according to the guidelines. The panel cited new data from two clinical trials involving 3,100 patients, which found Paxlovid led to 84 fewer hospital admissions per 1,000 patients treated with little or no risk of severe side effects … [Read more...] about WHO Endorses Pfizer’s Antiviral Pill Paxlovid For High-Risk Covid Patients But Says Benefits ‘Trivial’ For Low-Risk Groups

Share to Twitter Share to Linkedin The context is transitioning from fossil energy to renewables. One key aspect of this is transport via gasoline or diesel vehicles and its transition to electric motors driven by batteries or hydrogen. The fossil fuel industry should be concerned about the efficiency and cost of sustainable transport, because that will determine the speed of the transition which will likely affect the decline of oil production and perhaps the oil and gas industry itself. Elon Musk knows batteries. He builds them: to propel cars and trucks, at one bookend, to grid-scale behemoths that store and stabilize electrical power for hundreds of homes and commercial enterprises, at the other bookend. Last week, May 12, 2022, Musk said hydrogen “is the most dumb thing I could possibly imagine for energy storage.” This is not the first time, as Musk has made similar negative comments in past years. A few years ago, Musk told reporters that hydrogen … [Read more...] about Is Elon Musk Right Or Wrong To Dismiss Hydrogen Use For Low-Carbon Energy Storage?

Representative Image.(Courtesy : AP) India will soon be sending trade delegations to at least nine wheat importing nations to explore the possibilities of boosting wheat exports. The move comes amid widespread loss of yield in major wheat growing states, and low response to public procurement by farmers who continue to sell at much higher prices to traders. The Centre will send trade delegations to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria, and Lebanon to promote Indian wheat , the Commerce and Industry Ministry said on May 12. The move is part of the government's efforts to export 10 million tonnes of wheat in 2022-23, amid rising global demand, it said. Not more than 10 days after the Ukraine crisis began, the Centre began discussions with various countries, including Egypt, Turkey, China, Bosnia, Sudan, Nigeria and Iran on commencing wheat exports. Initial shipments have also begun to some of these nations. The Agricultural and … [Read more...] about India to send trade delegations to 9 countries to boost wheat exports

Share to Twitter Share to Linkedin HAMBURG, GERMANY - JULY 08: U.S. President Donald Trump (L) and Canada's Prime Minister Justin ... [+] Trudeau talk ahead of panel discussion titled 'Launch Event Women's Entrepreneur Finance Initiative' on the second day of the G20 summit on July 8, 2017 in Hamburg, Germany. Leaders of the G20 group of nations are meeting for the July 7-8 summit. Topics high on the agenda for the summit include climate policy and development programs for African economies. (Photo by Matt Cardy/Getty Images) U.S. crude oil output is now closing in on 9.5 million b/d, the highest levels in two years and almost double what we were producing a decade ago. But, while our demand has basically been flat , oil is a global commodity and imports have long been ingrained in our own market, so we still import about 35-50% of the oil that we use. Imports though have been falling, yet probably not as much as some energy security advocates … [Read more...] about The Good News About High U.S. Oil Imports

- A + A LONDON (May 16): European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week's sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest rates to counter high inflation will damage the global economy. Unexpectedly weak economic data kept from China kept those worries in centre stage on Monday. April retail sales plunged 11.1% on the year, almost twice the fall forecast, as full or partial Covid-19 lockdowns were imposed in dozens of cities. Industrial output dropped 2.9% when analysts had looked for a slight increase. At 1104 GMT, the MSCI world equity index, which tracks shares in 50 countries, was up around 0.1% on the day, struggling to recover from last week's lows. Europe's STOXX 600 was down 0.2%, while London's FTSE 100 was down flat. US stock index futures pointed to a … [Read more...] about Stock markets struggle as fears over economy grow

After 13 grueling years of political debate, Congress passed a bill that enabled some of the largest infrastructure spending in U.S. history—an almost 20% increase over the annual federal public works budget. advertisement The spending created clean energy, jobs, addressed environmental issues (while creating others), and ultimately, while backstopped by Congress, paid for itself. If this sounds too good to be true—it isn’t—because this happened in 1928. The spending was for the Hoover Dam. And while there were other projects part of the “infrastructure stimulus” of that era, this iconic project is a great representation of the good and bad of a meaningful infrastructure spend. Over the past 10 years, infrastructure has become an outsized and unrequited topic—it has featured prominently in presidential campaigns, has been the subject of many (mostly unpassed) bills and hundreds of conferences, and marketed in at least a dozen “Infrastructure Weeks.” Will it be said … [Read more...] about Infrastructure 2021: Delivering more sustainable and equitable infrastructure

Shares for The Walt Disney Company ( DIS ) fell by almost 3% after analysts at investment firm Guggenheim Partners downgraded the stock over concerns for the company's future profit growth. Disney, which reports earnings on Feb. 9, closed trading at $155.44 on Jan. 13. As of this writing, the stock is changing hands for $151.13. Key Takeaways Disney stock is falling because it was downgraded to Neutral from Buy by investment firm Guggenheim Partners. The firm cited the threat of new COVID variants disrupting operations and the entertainment behemoth's increased content spend as reasons for its downgrade. Out of 17 analysts covering Disney, 14 have still rated it a Buy for 2022. Why Did Guggenheim Downgrade Disney? Analysts at Guggenheim downgraded Disney stock to Neutral from their earlier Buy rating. They also cut the firm's price target on Disney shares to $165 from $205 due to "broader business pressure." Elements of this pressure include higher wages … [Read more...] about Disney (DIS) Falls on Guggenheim Downgrade

FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market

This will be a big week for the retail sector, with fresh data and earnings due. On Tuesday, the Commerce Department is likely to show retail sales were up 0.8% in April, following a 0.6% gain the month before. The data comes after the University of Michigan’s Consumer Sentiment Index slumped to its lowest level in nearly 11 years in May, as worries about inflation persist. Also on Tuesday, Walmart is expected to report a fall in first-quarter profit, hurt by higher shipping and other supply chain costs. On Wednesday, Target is similarly expected to report a fall in first-quarter earnings hurt by higher shipping, warehousing and labor costs. Comments on consumer demand and inflation will also be in focus. Home improvement chains Home Depot and Lowe’s will post their results on Tuesday and Wednesday, respectively. Analysts are projecting a decline in first-quarter revenue as higher mortgage rates and prices weigh on customers. So far this year, Walmart ( WMT ) shares are … [Read more...] about Markets to Focus on Retail Stock Earnings

As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?