Joe Biden’s administration has takes his first steps to revive the declining US economy, but warned the measures were “not a substitute” for a broad stimulus package, as it increased pressure on Congress to pass a Covid relief bill -19 of $ 1.9 billion. Mr. Biden signed on Friday two decrees expand access to food vouchers and unemployment benefits.
US stocks slipped Friday, as euphoria over Mr Biden’s spending plans gave way to fears the final package could be scaled back to get through Congress. On Wall Street, the blue-chip S&P 500 index slipped 0.3%, the first time in a week the index closed lower. The state-of-the-art Nasdaq Composite traded flat.
Swiss drug regulator says it has received 42 suspect reports side effects in connection with Covid-19 vaccinations. “So far, this analysis has not resulted in any change in the positive benefit / risk ratio of vaccines,” the Federal Council said in a statement. Switzerland has approved the Pfizer / BioNTech and Moderna vaccines.
New Zealand has instituted a “One-way travel bubble” with the coronavirus-free Cook Islands, an autonomous territory of the Pacific Islands. Residents of the Cook Islands will now be able to ignore quarantine requirements on flights to Auckland after a 10-month hiatus, allowing family reunions with the 60,000 islanders who work in New Zealand.
Carnival Panorama cruise ship is docked in Long Beach, California
Carnival, the world’s largest cruise line, extended his suspension of all American departures until the end of April and canceled its Australian operations until mid-May in response to the increase in Covid-19 cases around the world. It also canceled European cruises on its Carnival Legend ship and postponed the launch of its Mardi Gras ship.
Morgan Stanley CEO James Gorman will receive $ 33 million in total compensation for 2020, an increase of 22% from the $ 27 million in 2019. In a regulatory filing, the US investment bank said 2020 “has been a record year … in terms of financial performance and in terms of advancing the company’s long-term strategic goals ”despite the global pandemic.
Shares in GameStop has a crazy race Friday, up nearly 80% after the ailing US video game retailer found itself in the center of a battle between short sellers and amateur online traders. The company, which has struggled to sell during the pandemic, has been a favorite among day traders, helping to double the share’s value since the start of the year.
British bowling chain Hollywood Bowl has suffered a pandemic of contusions. Its director of human resources Melanie Dickinson sold £ 181,420 of shares “For the purpose of settling personal tax liability“. It follows managing director Stephen Burns, CFO Laurence Keen and their spouses unloading just over £ 800,000 of shares.