Friday, 18 Sep 2020

Will bombshell revelations hurt Trump’s re-election hopes?

Call to cancel Tokyo Olympics enters race for Tokyo governor – The Denver Post

Let’s Talk Olympics

UK weather: More heavy rain and thunderstorms could trigger flash flooding

More torrential downpours and thunderstorms have been forecast as some parts of the country have been hit by flooding.

The Met Office issued two yellow warnings for much of southern and central England and Wales on Thursday.

Forecasters predict heavy rain and thunderstorms which may cause more flooding and travel disruption.

Slow-moving, isolated showers could result in 30-40mm (1-1.5in) of rainfall in some places over a few hours.

Stock Alert: Protagonist Therapeutics Up 10% As Hepcidin Mimetic PTG-300 Gets Orphan Drug Status

Shares of clinical-stage biopharmaceutical company Protagonist Therapeutics, Inc. (PTGX) are rising more than 10% Thursday morning. The company said its drug candidate hepcidin mimetic PTG-300 for the treatment polycythemia vera, a rare form of blood cancer, has got Orphan Drug Designation from the FDA.

Protagonist had recently announced initial positive Phase II results of PTG-300 in patients with polycythemia vera.

The stock is currently trading at $17.92, close to its 52-week high of $18.70.

Supreme Court Blocks Trump Administration's Attempt to End DACA

The Supreme Court has ruled the Trump Administration acted illegally when it rescinded the Deferred Action for Childhood Arrivals program. DACA granted temporary legal status to more than 700,000 immigrants brought to the United States as children. 

The opinion, written by Chief Justice John Roberts, characterizes the Trump administration’s decision to rescind DACA “arbitrary and capricious.”

The fine print, though, is important: The court found that the manner in which the administration rescinded DACA was improper, as Roberts points out. “The dispute before the Court is not whether DHS may rescind DACA. All parties agree that it may. The dispute is instead primarily about the procedure the agency followed in doing so.”

A majority of the justices agreed that the Acting Secretary of Homeland Security violated the Administrative Procedures Act when rescinding DACA. The opinion, though, lays the groundwork for President Trump to end the program in a way the court would not take issue with if he’s reelected.

The presidential election is November 3.

Groups including the ACLU, which defended DACA before the high court, acknowledge that the decision is only a temporary reprieve. A permanent fix will require Congress to pass legislation protecting DACA recipients, or “Dreamers.”

 

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Facebook Files Suits to Block Unauthorized Automation Software

Facebook Inc. said it filed lawsuits in Europe and the U.S. to prevent the unauthorized use of automation software on its platform and on Instagram.

One lawsuit was filed in Spain against MGP25 Cyberint Services, which provided automated software to distribute fake likes and comments, Facebook said Thursday in a press release. Facebook also filed suit in San Francisco federal court against Mohammad Zaghar, who operated a service that asked users for login credentials to scrape their data from the Facebook platform, the company said.

Stock Alert: HDFC Bank Trading 3% Higher

Shares of HDFC Bank Limited (HDB) are climbing more than 3% Thursday morning at $44.33.

Wednesday, India’s largest private sector bank said its consumer finance loans disbursed has recovered to the pre-COVID levels of Rs 1,000 crore a month. It had fallen by 80-85 percent in March.

After touching its 52-week low of $29.50 in March, HDB has gained more than 50%. The stock’s 52-week high is at $65.89.

When the bank reported third-quarter results in February, profit had increased 33% year-over-year.

Ford’s upcoming electric Mustang to have self-driving capabilities

Ford’s upcoming all-electric Mustang Mach-E will offer hands-free driving when it hits the road next year, the automaker said Thursday.

The feature, dubbed Active Drive Assist, arrives six years after Tesla and four years after General Motors introduced similar features. It will be offered on several Ford models, but most notably on the electric Mustang, a crossover vehicle targeted at the Tesla Model Y market which will hit the road later this year.

Ford said that Americans will be able to order the Mustang Mach-E in the fall with the high-tech hardware package, which includes extra radar sensors and a driver-facing camera, but noted the software won’t be ready until fall 2021.

When the Active Driver Assist software is ready, users will be able to download an update for their vehicles.

Tesla introduced its first semi-automated hands-free driver assist package, called Autopilot, in 2015. GM followed two years later with a similar semi-automated feature called Super Cruise on the Cadillac CT6.

Ford unveiled the Mach-E in November 2019, with its unique design polarizing fans of the muscle car line, with one Twitter user calling it “the ugliest vehicle ever made.”

“The Mustang Mach-E looks like the ugly love child between a BMW, Jaguar, and Ford Escape,” another wrote.

The electric car will have a range of 230 miles, and will cost just under $44,000.

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Will bombshell revelations hurt Trump’s re-election hopes?

On this edition of the Sky News Daily podcast, Jonathan Samuels examines whether the claims about US President Donald Trump made by former aide John Bolton will damage his bid for re-election.

We are joined from Washington by Sky’s US correspondent Amanda Walker and Kate Andrews, economics correspondent at The Spectator.

Plus, we bring you the exclusive story of a British-Iranian man, Anoosheh Ashoori, who is one of up to 12 Britons being held in Iran’s jails.

We also pay tribute to Dame Vera Lynn, who has died aged 103.

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