Joe Biden’s administration has taken its first steps to revive the weaker US economy, but warned that the measures were “no substitute” for a major stimulus package as it increased pressure on Congress to push for a Covid 19 Bill of $ 1.9 Trillion. Mr Biden signed on Friday two executive orders to widen access to food stamps and unemployment benefits.
US equities fell on Friday as euphoria over Mr Biden’s spending plans gave way to concerns that the final package could be wound down to get through Congress. On Wall Street, the blue-chip S&P 500 fell 0.3 percent, the first time in a week the index closed lower. The tech-heavy Nasdaq Composite, meanwhile, was trading flat.
The Swiss drug regulator said it has received 42 suspicious reports side effects in connection with vaccinations against Covid-19. “So far, this analysis has not resulted in any change in the positive benefit-risk balance of the vaccines,” the federal council said in a statement. Switzerland has approved both the Pfizer / BioNTech and Moderna vaccines.
New Zealand has one One-way travel bubble with the coronavirus-free Cook Islands, an autonomous territory in the Pacific. Cook Islanders can now skip quarantine requirements on flights to Auckland after a 10-month break, allowing for family reunification with the 60,000 islanders working in New Zealand.
Carnival cruise ship Panorama is docked in Long Beach, California
Carnival, the world’s largest cruise operator, has extended and canceled the suspension of all departures from the US until the end of April Australian operations until mid-May in response to the increasing Covid-19 cases around the world. It has also canceled European cruises on its Carnival Legend ship and delayed the launch of its Mardi Gras ship.
Morgan Stanley CEO James Gorman will receive $ 33 million in total compensation in 2020, up 22 percent from $ 27 million in 2019. In a regulatory file, the US investment bank said that 2020 was “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 took a wild ride on Friday, skyrocketing nearly 80 percent after the struggling US video games vendor hit the the center of a battle between short sellers and amateur online traders. The company, which struggled to sell during the pandemic, was a favorite of day traders, which has contributed to the doubling of the stock’s value since the beginning of the year.
The British bowling alley chain Hollywood Bowl has suffered a bruise. Chief people officer Melanie Dickinson has sold £ 181,420 worth of stock “with a view to settlement personal tax liabilities”. This follows chief executive Stephen Burns, chief financial officer Laurence Keen, and their husbands who offloaded just over £ 800,000 in stock.