Tuesday, 20 Oct 2020

China Joins WHO’s Global Coronavirus Vaccine Program

Cramer's lightning round: Time to start buying Boeing

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Shift4 Payments: "I'm going to have to do work."

Limelight Networks: Buy

Crispr Therapeutics: "Crispr's the real deal, and I think you've got a very good one and I like it very much."

Virgin Galactic: "I don't see anything in the near term that tells me that that is a winner."

Boeing: "We just decided after years of disliking it … that it was time to start buying Boeing."

Disclosure: Cramer's charitable trust owns shares of Boeing.

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Creating a Space for Somali Artists to Thrive

In September, Somalia saw the opening of what is being touted as the country’s first independent, modern arts institution. The Somali Arts Foundation says it seeks to promote creativity and critical discussions on what it means to be a Somali.

Future’s asset sale to RIL breaches pact: Amazon

U.S. firm sends legal notice to retailer

Future Retail shares fell 9% on Thursday after Amazon.com sent a legal notice to Future Group, alleging the retailer’s $3.38 billion asset sale to Reliance Industries breached an agreement with the e-commerce giant.

Amazon had last year bought a 49% stake in Future Coupons, which owns a 7.3% stake in Future Retail. In August, Mukesh Ambani’s Reliance decided to buy the retail and some other businesses of Future Group.

Amazon’s investment came with contractual rights that include a right of first refusal and a non-compete-like pact, according to media reports. An Amazon spokesperson said it had launched legal proceedings.

“Amazon will try to explore all options to stop or delay the Reliance-Future deal but Reliance has all the muscle power and it won’t be an easy battle for Amazon to win at the court,” said Satish Meena, senior forecast analyst at Forrester Research.

Stelter: This is why President Trump needs to debate

New York (CNN Business)The vice presidential debate between Mike Pence and Kamala Harris was a much bigger audience draw than the VP debate in 2016, according to Nielsen.

More than 57 million people watched Wednesday’s VP debate across eighteen channels on television. About 37 million people watched the 2016 debate between Pence and Tim Kaine.
The Pence-Harris debate was also up compared with the 2012 debate between Joe Biden and Paul Ryan, which averaged 51 million viewers.

    Nielsen’s data does not include people who streamed the debate on phones and other devices or who listened on the radio, so the full audience was even bigger.
    Susan Page praised for questions but criticized for failing to follow up during VP debate
    Vice presidential debates are sometimes an afterthought, but not this time around. The ratings reflect ample interest in the 2020 election; Harris’ status as a trailblazer; and a monumental news cycle.

      However, Wednesday’s debate did not match the record ratings for the VP debate in 2008, when 70 million people tuned in to watch Sarah Palin and Joe Biden face off.
      Last week’s presidential debate between Biden and President Trump netted more than 73 million viewers.

      China Joins WHO’s Global Coronavirus Vaccine Program

      China joined the World Health Organization-backed Covax program Oct. 8, the Foreign Ministry says in statement Friday.

      The statement doesn’t say how much money China will put into the project, an $18 billion initiative that aspires to give lower-income countries the same access to vaccines as wealthier nations.

      — With assistance by John Liu, and Li Liu

      Apple Sued Over Alleged Mobile Game Monopoly in Apple Arcade

      Apple Inc. was accused in a lawsuit of monopolizing the mobile game market by keeping competitors from its subscription-based gaming service.

      The practice results in higher prices and fewer choices for gamers who subscribe to Apple Arcade, according to the complaint filed Thursday in federal court in San Jose, California. Subscribers to the service download games that can be played on their various Apple devices.

      Apple moved quickly to keep Microsoft Corp. and Facebook Inc., both big players in the mobile game market, off Apple Arcade after it launched the service last year, according to John Pistacchio of New Jersey, an Apple Arcade subscriber who says he’s been forced “to pay supracompetitive prices” due to the company’s “anticompetitive conduct.”

      Pistacchio is seeking to represent other Apple Arcade subscribers in the proposed class-action lawsuit.

      “By unlawfully foreclosing competition, Apple has eliminated consumer choice, stymied innovation, and reduced quality of service,” he said in the complaint.

      Apple didn’t immediately respond to a request for comment.

      The case is Pistacchio v. Apple Inc., 20-cv-07034, U.S. District Court, Northern District of California (San Jose).

      China Joins WHO’s Global Coronavirus Vaccine Program

      China joined the World Health Organization-backed Covax program Oct. 8, the Foreign Ministry says in statement Friday.

      The statement doesn’t say how much money China will put into the project, an $18 billion initiative that aspires to give lower-income countries the same access to vaccines as wealthier nations.

      — With assistance by John Liu, and Li Liu

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