Tagged: gas

Merck sells Moderna shares

On Wednesday, the US House of Representatives passed a US bill to restrict the listing of Chinese companies in the US.

The bill stipulates that companies listed in the United States must accept the review of US regulatory agencies and disclose whether they are held or controlled by the government, otherwise they will be prohibited from trading on the New York Stock Exchange and the Nasdaq.

The bill was unanimously approved by the Senate in May, and it will be signed by Trump after the House of Representatives passes it.


Bloomberg: America welcomes new peak of death from new crown
Financial Times: The number of hospitalizations in the US for the new crown breaks 100,000

On Wednesday, according to data from Johns Hopkins University, the number of deaths from the new crown in the United States reached 2,700 in a single day, ushering in the largest number of deaths since the outbreak.

At the same time, the number of COVID-19 hospitalizations in the United States has reached 100,000, and hospitals in some places are close to saturation.

Since millions of people traveled in the United States during Thanksgiving, the number of infections will continue to increase in the coming weeks. By then, the cumulative number of deaths from the new crown in the United States will most likely reach 300,000.

The CDC in the United States recently lowered the requirement for home isolation, changing the isolation requirement from 14 days to 10 days.

According to CDC officials, this is just to make people feel that it is not that difficult to isolate and to get more support.

Reuters: Electrification has given birth to new forms of gas stations

As countries vigorously promote the electrification of automobiles, and major crude oil companies spend hundreds of billions to deploy new energy battlefields, gas stations will likely become new profit growth points for energy retailers.

Although the income of gas stations mainly comes from the sales of traditional energy, the profit margin of convenience stores in gas stations is actually much higher than that of oil products.

Only at traditional gas stations, consumers usually only stay for a few minutes. After entering the electrification era, consumers often have half an hour or more to spend after entering the gas station to charge.

For example, Shell has begun to deploy, and strive to increase the number of existing gas stations by 20% to 55,000 by 2025. BP also plans to increase the number of gas stations by 50% to 29,000 by 2030.

Reuters: Boeing 737Max completes its first passenger go-around

A few days ago, Boeing 737Max completed its first passenger go-around after a 20-month no-fly.

About 90 reporters were carried on this go-around, and the flight time was 45 minutes.

At the same time, there is news that European budget airline Ryanair will order about 75 Boeing 737Max.

Faced with the substantial discounts offered by Boeing and the reputation of saving their 737Max fleets, other airlines have also begun to place orders for new 737Max models to enhance market confidence.

Reuters: Merck sells Moderna shares

The world’s top pharmaceutical giant Merck announced on Wednesday that it has sold its stake in Moderna.

This year, Moderna’s stock price has risen more than seven times, and as of Tuesday’s closing price, the company’s market value reached 55.8 billion U.S. dollars.
Merck has made considerable gains through its investment in modern, especially in the development of this year’s vaccine, which is expected to make some gains in the fourth quarter of this year.
However, the two companies will not end their cooperation. Merck said that it will indirectly retain its investment in moderna through investment in venture funds.

Reuters: London Stock Exchange’s $27 billion acquisition of Refinitiv is expected to be approved

According to a person familiar with the matter on Wednesday, EU regulators will approve the request of the London Stock Exchange to acquire Refinitiv for US$27 billion.
In order to obtain regulatory approval, the London Stock Exchange proposed to allow competitors to obtain data fairly within ten years, and sold the Italian Stock Exchange to Euronext and two Italian banks.
The European Commission will make a final ruling before January 21 next year. If the transaction is reached, the London Stock Exchange will become the main leader in market data.

Nikkei Asian Review: Investors are no longer optimistic about Hong Kong

With the promulgation of China’s National Security Law, investors are worried about China’s increasingly strict regulations and are considering abandoning their investment in Hong Kong.

Especially this year’s IPO of Ant Group in Hong Kong was postponed, which aroused investors’ concerns.

Hong Kong’s status as the Asian financial center is threatened, and Tokyo and Singapore may take their place.