Covid vaccines have produced 9 new billionaires from major pharmaceutical companies
At least nine people have become Big Pharma billionaires, mainly thanks to the huge profits pharmaceutical companies have made from developing and selling vaccines to protect people against covid-19. The Peoples Vaccine Alliance is a movement of health and humanitarian organizations, world leaders, health experts, religious leaders and economists who want vaccines to be available …
BorgWarner Inc. (NYSE: BWA) – BorgWarner stock drops after second quarter results, slashes operating margin outlook at year-end 21
BorgWarner Inc (NYSE: BWA) reported 163.5% year-on-year net sales growth in the second quarter of FY21 to $ 3.76 billion, beating analysts’ consensus of $ 3.52 billion. Organic sales increased 72%. Air Management segment net sales increased 124.4% year-on-year, and e-Propulsion & Drivetrain segment gained 120.3%. Gross profit climbed 337.9% to $ 762 million, and …
KBRA assigns preliminary ratings to Provident Funding Mortgage Trust 2021-INV1 (PFMT 2021-INV1)
NEW YORK, August 04, 2021– (BUSINESS WIRE) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 27 mortgage transfer certificate classes of Provident Funding Mortgage Trust 2021-INV1 (PFMT 2021-INV1), Sponsor’s first transaction to be fully guaranteed by real estate investment loans eligible for the agency. The pool comprises 1,203 fixed rate first residential mortgages …
HMRC sets 2023 shutdown date for CHIEF customs platform
Credit: Ralf Roletschek / CC BY 3.0 The 27-year-old CHIE FIT system for processing HM’s tax and customs returns will be completely shut down on March 31, 2023. It will be replaced by the Customs Declaration Service (CDS), which entered into service in 2018 and is already used for processing declarations from countries other than …
Margin Impact Assisted by Cost Pressure, Says Management
Orient Cement posted strong price gains in the southern and western regions, which helped to improve sales from its first quarter results. The stock is up 3.8% on June 3 at the time of publication and in the last three trading days it has gone from Rs 150 a piece to Rs 168 a piece. …
Jeff Bezos is no longer the richest person on the planet
Business mogul and billionaire Jeff Bezos lost his title as “the richest person on the planet” when his net worth fell by more than $ 13.9 billion (200 billion rand) in one day. Unfortunately for Bezos, Amazon’s AMZN stock price was hit last week when the company’s second-quarter growth was down 7%. Bezos is no …
White House Announces New Measures To Help Those Late With Their Mortgage Payments | Pennsylvania News
The Biden administration on Friday rolled out new measures to prevent seizures linked to the pandemic. The new measures apply to FHA, VA, Fannie Mae, Freddie Mac and USDA loans. According to the Urban Institute, about 75% of new home loans are guaranteed by the federal government. Paula Powers-Watts, executive director of the Credit Counseling …
U.S. clean energy industry facing forced labor issues
This is the first of three articles on the solar industry and forced labor. Here we focus on regulation. Articles in the coming weeks will focus on the issues facing importers and their suppliers, as well as investors and their demands. Your shipment of solar equipment is stopped by customs at the US border due …
Billionaires Slipped Earth’s Snarling Ties, But Couldn’t Escape Its Problems | Friday coffee
(* This column was updated at 2:17 PM on Friday 7/23/21 to remove a reference to Elon Musk as a passenger on Branson’s flight.) Billionaire Space Cowboys Jeff Bezos and Richard branson have rightly criticized the sub-orbital escapades earlier this month which made headlines, but little real scientific progress aside from trying to normalize the …
As the moratoriums lift, will America face a wave of foreclosures and deportations?
July 24, 2021 MIAMI AND WASHINGTON, DC MIAMI IS hot, especially if you are selling a house. Home prices are 20% higher than a year ago. And unlike other major US cities, rents are also on the rise (24% year-on-year) as the Magic City absorbs newly posted teleworkers. Ecstatic real estate agents describe a godsend. …