Sept. 15 (Bloomberg) –- Alibaba’s IPO could be the biggest in history. Bloomberg’s Sam Grobart explains how Alibaba works through the experience of ordering 280 pairs of pants manufactured overseas. Video by: Dan Przygoda, David Yim (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business
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Gilead Sciences will have sufficient global supply of its coronavirus treatment remdesivir by the end of October, CEO Daniel O’Day told CNBC on Friday.  The comments came shortly after the publication of peer-reviewed final data from Gilead’s large-scale trial of remdesivir. It showed the antiviral drug helped Covid-19 patients who are hospitalized recover five days faster on
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Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Company: Invesco Ltd. (IVZ) Business: Independent investment management company. Invesco provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. Its
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A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in New York, March 12, 2020. Andrew Kelly | Reuters Broadway theaters will remain closed through May. The Broadway League, a trade organization representing producers and theater owners, announced Friday
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Take our survey and tell us what you’d like to see more of from our YouTube channel: https://bit.ly/33SJ8AI. ► Read Trade war risks dominates investors’ radar screens https://on.ft.com/2GyAITP Russia’s most ambitious energy project since the fall of the Soviet Union – the Power of Siberia – will be its first gas pipeline to head east,
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More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding
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Some are calling it “a la carte stimulus,” with aid for airlines in column A, PPP aid in Column B, etc.  Whatever it is,  hopes for stimulus — pre-election, post-election, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary, and banks. Many big names like Caterpillar,
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U.S. President Donald Trump waves upon return to the White House from Walter Reed National Military Medical Center on October 05, 2020 in Washington, DC. Win McNamee | Getty Images News | Getty Images Millions of Americans have been waiting for Congress to pass another stimulus package that would deliver them financial relief during one
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More than 26 million Americans are currently collecting unemployment benefits, according to the Labor Department. Of those, over 13 million are relying on pandemic-related programs for benefits, as they would not normally be eligible. But further stimulus package negotiations remain at a standstill, even as experts urge Congress to take action. More waiting could “lead to a weak recovery,
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CNBC’s Jim Cramer said Friday the gains on Wall Street since March’s coronavirus lows fail to reflect the economic struggles throughout the U.S. and the need for additional stimulus.  “The people need this. The stock market doesn’t show it, but the people absolutely need it.,” Cramer said on “Squawk on the Street.”  The status of
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Truck escape ramps are used as a traffic tool on steep, sustained grades to check high vehicle speeds in emergencies. The ramps use a combination of momentum-halting media like gravel or sand and an incline to bring runaway vehicles to a halt. For more, visit: https://www.codot.gov https://dot.ca.gov https://www.oregon.gov/ODOT MORE EXPLAINERS CONTENT: How Illegal Items Are
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The booming outsourcing sector has created jobs in the services sector for an educated middle class that is thriving. But not everyone is benefiting from the country’s economic growth. Lack of investment, training and manufacturing means there are few opportunities for those without a decent education.
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SoftBank CEO Masayoshi Son’s Vision Fund has been impossible to ignore since its inception, pumping billions upon billions of dollars into tech companies like WeWork and Uber. Now, a string of high-profile losses and the coronavirus pandemic have put the fund deeply in the red. Bloomberg journalists Pavel Alpeyev, Sarah McBride and Tim Culpan break
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