How the Nasdaq and tech stocks became the winner on election night

first_imgThere might not have been a winner in the presidential election on Tuesday night, but there was a winner in the financial markets: the Nasdaq 100 and tech stocks broadly.Futures contracts tied to the Nasdaq 100 index jumped as much as 4% in overnight trading on Tuesday amid a volatile trading session that saw Dow futures register a nearly 800-point swing from high to low. Through the whipsaws, the Nasdaq 100 remained the relative outperformer. – Advertisement – – Advertisement –center_img The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019.Regis Duvignau | Reuterslast_img

IPL in a nutshell: Sunrisers Hyderabad snatch final play-off spot as Kolkata Knight Riders miss out | Cricket News

first_imgRashid Khan (L) and David Warner have played key roles in Sunrisers Hyderabad's surge into the IPL play-offs
Rashid Khan (L) and David Warner have played key roles in Sunrisers Hyderabad's surge into the IPL play-offs

The President Versus Democracy – The New York Times

first_imgEasy cookingThis chicken Marsala is easy to make thanks to a quick sauce of mushrooms and shallots. Serve it over some linguine or with roast potatoes.A gripping new showThe latest hit Netflix series is about chess. Set in the 1950s and ’60s, “The Queen’s Gambit” follows a prodigy from an orphanage as she becomes an elite player. Adapted from a 1983 novel, the series depicts a world that’s both glamorous and wrenching, as Beth — played by Anya Taylor-Joy — excels in a male-dominated sport while struggling with addiction.“If you did it as a movie, it becomes a sports movie: ‘Is she going to beat the Russian guy?’” Scott Frank, the series co-creator, told The Times. “And that’s not what the book is about. For me, it’s about the pain and cost of being so gifted.” Subscribers make our reporting possible, so we can help you make sense of the moment. If you’re not a subscriber, please consider becoming one today.PLAY, WATCH, EAT, CHESS In the simplest terms, the president of the United States is attacking American democracy in an effort to remain in office.For more: Dahlia Lithwick, Slate: “We are as confounded today about the lies as we were in 2016. We ignore them at the peril of democracy; we engage with them at the peril of our sanity.”- Advertisement – A sitting president has spent months telling lies about non-existent voter fraud. Now that his re-election bid is in deep trouble — but with the outcome still uncertain — he has unleashed a new torrent of falsehoods claiming that the other side cheated. He has demanded the Supreme Court intervene to decide the election in his favor. His supporters are staging protests in Arizona, Michigan, Nevada and Pennsylvania meant to interfere with legitimate vote counting. In Phoenix, some have showed up at the State Capitol with guns (as you can see in this short video taken by my colleague Simon Romero).The worst democratic outcome — in which judges appointed by the president’s political party intervene to overrule the apparent will of voters — seems likely to be avoided. The Supreme Court has shown no signs of halting vote counts, and Joe Biden’s leads in the decisive states may end up being large enough to avoid the election hinging on the sort of ballot-counting minutiae (like hanging chads) that decided the 2000 result in Florida.- Advertisement – – Advertisement – This is a dark and dangerous moment for American democracy.- Advertisement – Want to get The Morning by email? Here’s the sign-up.Good morning. Biden’s position remains strong, and Trump tries to stop vote counting.center_img Lives Lived: Three decades after becoming the first Black student body president at Penn State University, H. Jesse Arnelle helped start one of the first minority-owned corporate law firms in the United States. “It was an audacious plan,” Arnelle told The New Yorker in 1993. He died at 86. Morning Reads The pangrams from yesterday’s Spelling Bee were archival, archrival and chivalric. Today’s puzzle is above — or you can play online if you have a Games subscription.Here’s today’s Mini Crossword, and a clue: Snowman’s neckwear (five letters).Thanks for spending part of your morning with The Times. See you tomorrow. — DavidP.S. The word “reshook” — about Election Day’s twists and turns — appeared for the first time in The Times yesterday, as noted by the Twitter bot @NYT_first_said. Susan Glasser, The New Yorker: “There have been many times, over the past four years, that covering Trump’s Washington felt like a foreign assignment to me, never more so than while driving around the capital these past few days and seeing boarded-up storefronts and streets cordoned off for blocks around the White House, in anticipation of unprecedented post-election violence. I have seen such scenes before, in places like Azerbaijan and Russia. This is Trump’s America. It is not the America I have known.”Steve Vladeck, University of Texas law professor: “For anyone complaining about the ‘late’ shift in totals toward Democrats in MI, PA, and WI, most of those votes actually came in *first.*” But Republican-controlled state legislatures refused to allow the counting of mail ballots as they arrived.Nicholas Kristof, a Times Op-Ed columnist: “If Biden wins after this poisoning of the chalice, he will inherit a badly divided country after an election that many will deem illegitimate, and it will be harder to govern and more difficult for the United States to exert influence around the world.” But President Trump’s actions are still causing significant damage. They undermine his supporters’ faith in the country’s government. They also undermine the credibility of the United States around the world. And they force election officials, journalists and social-media platforms to choose between telling the truth and sounding nonpartisan; it is impossible to do both about Trump’s election claims.last_img read more

St J’stone 1 – 0 Kilmarnock

first_imgCraig Conway’s cross was only cleared into the path of the onrushing right-back on the edge of the area and the Millwall loanee beautifully arrowed a half-volley past Danny Rogers.It was the 21-year-old’s first goal for the club and the only shot on target during an arduous encounter played amidst difficult foggy conditions.The hosts edged proceedings and their dominant back three, led excellently by captain Jason Kerr, limited Killie to barely any clear-cut chances.- Advertisement – Zander Clark rises to clear a Kilmarnock chance in the second halfImage:Zander Clark rises to clear a Kilmarnock chance in the second half The visitors’ best opportunity fell after 24 minutes when Kirk Broadfoot headed off the bar. Chris Burke’s pinpoint corner arrived perfectly for the experienced Broadfoot to meet with a powerful header that beat Zander Clark but the ball rebounded off the bar to safety. Danny McNamara illuminated a gloomy encounter with a brilliant strike to hand St Johnstone a crucial 1-0 win over against Kilmarnock.The lacklustre Saints had only scored one goal at home all season, against St Mirren on August 29, until McNamara struck the winner in the 70th minute.- Advertisement – Killie believed they should have been awarded a penalty just after half-time when McNamara appeared to handle in the box.After blocking Nicke Kabamba’s header, McNamara threw himself to meet Greg Kiltie’s shot and it appeared to strike his arm but after slight hesitation referee Gavin Duncan waved away the protestations.- Advertisement – – Advertisement – As the game progressed, the fog descended on McDiarmid Park which made visibility incredibly difficult.Killie threw on Eamonn Brophy in an attempt to salvage a draw but the hosts defended resolutely.The Saints made the better start and after a Kilmarnock mistake, the impressive Conway fired an ambitious effort over the bar from 25 yards.St Johnstone continued to press forward and after McNamara burst down the right flank, David Wotherspoon sent an off-balanced strike wildly over in the 10th minute.Both sides played with extreme caution during the first half although Broadfoot was twice fortunate to escape being caught in possession when attempting unnecessary skill in dangerous areas.Set-pieces appeared to be the best avenue for either team to score all evening. Conway found Stevie May with a near-post corner after 34 minutes but the diminutive striker’s acrobatic flick only found the side-netting.Callum Davidson will be delighted as St Johnstone made it three unbeaten in the Premiership as they moved level with Kilmarnock in the table on 14 points.What’s next?St Johnstone host Dundee United in the Scottish League Cup on Tuesday; Kick-off at 7.45pm.Kilmarnock are also in that competition next up, visiting Clyde at the same time.last_img read more

EFL clubs close to agreeing £50m Premier League bailout package | Football News

first_imgPremier League CEO Richard Masters– Advertisement – Premier League chief executive Richard Masters said at a Digital, Culture, Media and Sport Committee meeting that there can be no ‘blank cheque’ to bail out clubs in the English Football League “The EFL believes that today represents a significant step forward and is hopeful that a final agreement on the short-term rescue package across all three divisions can be reached imminently which will provide much needed support, clarity and certainty for all EFL clubs at a time when they need it most.“In addition to finalising the short-term financial issues, clubs were today informed that the EFL will contribute fully in the Premier League’s strategic review to consider the future structure and financing of English football, and will hopefully have a direct and positive impact on a more sustainable EFL in the future.”The Premier League’s strategic review has been stepped up following the emergence of Project Big Picture proposals last month.PL chief Masters ‘confident’ bailout agreement can be reached 2:27 Clubs in League One and League Two look set to be able to access the £50m coronavirus rescue package from the Premier League soon after EFL clubs held positive talks on Thursday.The package, which is made up of £20m in grants and £30m in loans to help clubs cope with the absence of matchday revenue, was initially rejected by the EFL because it did not apply to Championship clubs.- Advertisement –center_img Now that the Premier League has brought forward a separate package for Championship clubs, the impasse seems to have been broken.In a statement, the EFL said: “Following a comprehensive debate in all three divisions, a collective agreement in principle was made to move forward and finalise the negotiations, with Championship clubs making it clear today that they wanted to ensure their colleagues in League One and League Two received the proposed £50m financial support package to cover gate losses for 2019-20 and 2020-21 as soon as is practically possible.“Championship clubs also acknowledged that discussions in respect of the levels of support they will receive will remain ongoing.- Advertisement – Premier League chief executive Richard Masters says he is “confident we can reach an agreement” with the EFL over emergency funding after an MP labelled the situation a “farce”.Julian Knight MP described the failure to reach an agreement as a “farce” at a Digital, Culture, Media and Sport Committee meeting on Tuesday, and warned Masters that 10 Football League clubs were unlikely to make payroll this month without a financial bailout.Masters confirmed the Premier League would now be willing to discuss financial assistance for teams in the Championship but insisted the original offer was “appropriate”.“The Premier League has engaged and wants to seek resolution but there can’t be a blank cheque or an underwriting of losses,” said Masters on Tuesday.“We believe our proposal is appropriate and goes to the heart of the problem and is in line with Government policy on how it deals with other sectors.“We believe we are stepping up and helping the pyramid of football, we have yet to reach an agreement with Rick Parry but I am confident we can do that.” – Advertisement –last_img read more

Walmart (WMT) Q3 2021 earnings

first_imgCustomers shop at a Walmart store on May 19, 2020 in Chicago, Illinois.Scott Olson | Getty Images – Advertisement – – Advertisement – Walmart is set to report third-quarter earnings before the bell on Tuesday.The big-box retailer’s performance will offer a preview of how holiday shopping is shaping up during the coronavirus pandemic. Like other retailers, Walmart has kicked off its sales early because of global health crisis and split up Black Friday into multiple store and online events and digital deals.Here’s what Wall Street is expecting for the fiscal third quarter, based on a survey of analysts by Refinitiv:Earnings per share: $1.18 expectedRevenue: $132.23 billion expected- Advertisement –center_img Walmart has been one of the beneficiaries of stay-at-home trends during the pandemic. Since the spring, Americans have turned to its stores and website for groceries, cleaning supplies and items to pass the time, from puzzles to bicycles. The company also got a bounce from stimulus money, which customers rushed to stores to spend.Now, however, investors and analysts will see if the retailer can sustain that momentum. With no sign of another stimulus package or additional unemployment benefits, some customers may feel financially strapped. Others may feel apprehensive about rising coronavirus cases, causing them to limit trips to the store or make more purchases online — transactions that come with additional costs and could contribute to the anticipated crush of packages this holiday season.Starting Saturday, Walmart said it would resume counting and restricting the number of customers in the store to make sure stores don’t exceed capacity limits. Some grocers, including Kroger, Wegmans and Publix, have reinstated purchasing limits on toilet paper, disinfecting spray and hand sanitizer.- Advertisement – This story is developing. Please check back for updates. last_img read more

World Health Assembly addresses pandemic flu

first_imgMay 19, 2005 (CIDRAP News) – The world has an unprecedented warning that pandemic influenza may be imminent, the World Health Organization (WHO) said in a report that urges swift action to prevent global illness and death.A WHO report, “Strengthening pandemic influenza preparedness and response,” is slated for discussion tomorrow at the organization’s annual World Health Assembly (WHA) in Geneva.Although distinct from the recent report produced by experts convened by the WHO in Manila on May 6 and 7, this document makes similar points about the threat of a flu pandemic.”The virus may be evolving in ways that increasingly favor the start of a pandemic,” the report states, later adding, “The ecology of the disease and behavior of the virus have created multiple opportunities for a pandemic virus to emerge.”Changes have occurred since a year ago, when the WHO advocated eliminating the virus in its animal reservoir. Experts now agree it is endemic in parts of Asia, and the public health focus is shifting to reducing the risk for people exposed to H5N1, particularly subsistence farmers, and improving response to illness, such as with a vaccine. However, the report says, creation of a vaccine “has moved forward, but not with a speed appropriate to the urgency of the situation.”Vaccines against H5N1 are being made and tested now, although the virus has changed since the current vaccine seed stock was created.The WHO report suggests that vaccine against the H5 subtype should be produced in bulk and stored.”Even if the actual pandemic H5 subtype virus shows mutational changes when compared with the current H5N1 strain, a vaccine that is protective against infection due to that strain could confer almost as much protection,” WHO said. “Stockpiles of an H5N1 vaccine would be useful in the early phase of a pandemic when large-scale production of a vaccine has not yet been initiated.”The report also emphasizes the importance of preparedness, particularly stressing vigilance for clusters of respiratory disease cases in affected countries.The meeting about pandemic flu caps a week of high-profile discussions on the topic that began May 16, when the WHO director-general sounded a warning as he convened the annual assembly.Calling avian flu “the most serious known health threat the world is facing today,” Lee Jong-wook, MD, MPH, noted the importance of the window of time between hints of a pandemic and its actual occurrence.”By good fortune we have had time—and still have time—to prepare for the next global pandemic, because the conditions for it have appeared before the outbreak itself. We must do everything in our power to maximize that preparedness,” he said.Mike Leavitt, US secretary of health and human services, said in Geneva on May 16 that transparency, strong surveillance, and communication are essential parts of a response. Leavitt’s remarks were posted on the US State Department’s Web site.Leavitt also urged strong international collaboration, with an emphasis on developed countries effectively helping developing countries control the virus and treat patients. He urged health ministers to support a draft resolution on pandemic preparedness and response, offered by the United States and several other nations, saying it “provides a good blueprint for action.”The WHO’s top flu official, Klaus Stohr, emphasized that fast response is important, according to a story published today by Agence France-Presse. “We are working on pandemic preparedness on borrowed time,” he said.While health officials in Geneva discussed the possible pandemic, new avian flu developments were reported in Asia:A positive serum sample from a poultry worker has led to concerns about human H5N1 infection in Indonesia, which has been plagued with poultry outbreaks. The worker, from hard-hit South Sulawesi province, is being retested, according to an Associated Press (AP) story May 18. He has shown no signs of illness, the AP reported. The WHO said the serum sample was positive for avian flu antibodies, which on its own doesn’t constitute a confirmed case. The worker returned to health officials for more blood tests, which are expected to be done within 2 weeks. Indonesia has tested 83 people for exposure to H5N1, according to an earlier report in the Jakarta Post. This is the first positive finding.Chinese authorities confiscated contaminated eggs from Vietnam hidden in the carry-on luggage of two airline passengers on separate flights, according to The Standard newspaper of China. Dogs sniffed out the 45 chicken, duck, and goose eggs Apr 28. The duck and goose eggs tested positive for the presence of H5N1 virus, the newspaper said.Thailand and Hong Kong are collaborating to create an Asian bank of influenza vaccine and antiviral drugs, the Thai News Agency (MCOT) said today. The countries will establish a bank of the antiviral drug oseltamivir and serve as a regional resource in event of a pandemic flu, a Thai official announced yesterday in Geneva. The collaboration will help link Hong Kong’s expertise in laboratory diagnosis with Thailand’s expertise in epidemiology, said Thailand’s health minister, Suchai Charoenratanakul. The partnership also will include research and the exchange of lab samples of the virus, the story noted.See also: WHO draft report “Strengthening Pandemic Influenza Preparedness and Response” resolutions presented at WHA meeting; pandemic flu resolution is EB115.R16 read more

China, Egypt report new H5N1 cases

first_imgMar 28, 2007 (CIDRAP News) – China announced today that a 16-year-old boy died of H5N1 avian influenza, and yesterday Egypt reported that a 46-year-old woman had tested positive for the disease, according to news services.Officials in China said the boy is from Bengbu in eastern Anhui province, Agence France-Presse (AFP) reported. China’s health ministry told Xinhua, the state news agency, that the boy got sick Mar 17 and was hospitalized the following day and that surgical treatment was unsuccessful, the AFP report said. If the boy’s case is confirmed by the WHO, he will be listed as China’s 24th case-patient and 15th fatality.Media reports have not said if the boy had contact with infected birds. Local health authorities told AFP that no bird outbreaks have been reported in the boy’s town and that his close contacts have so far shown no symptoms of the disease, AFP reported.In Egypt, the health ministry reported that the 46-year-old woman who tested positive for H5N1 is from the northern Nile delta city of Damnhour, about 80 miles north of Cairo, the Associated Press (AP) reported. Few details were available about her illness, though health officials said the woman and other recent H5N1 patients contracted the virus from domestic birds, the AP report said.If the WHO confirms the woman’s case, she will be listed at Egypt’s 30th case-patient. Her case is the country’s 12th reported this year.Also today, the WHO confirmed two other Egyptian cases that were reported earlier yesterday, involving a 6-year-old girl and a 5-year-old boy. Both were hospitalized on Mar 25, had contact with infected birds, and remain in stable condition, according to the WHO report.The 6-year-old girl is from the southern province of Qena, and the 5-year-old boy is from Menia province in central Egypt.In Indonesia, the Jakarta Post reported today that a 40-year-old man who had tested positive for H5N1 died in Surabaya, capital of East Java. Yesterday an AFP story had listed the Surabaya patient as a 39-year-old.See also:Mar 28 WHO statementlast_img read more

Egypt, Vietnam report new H5N1 cases

first_imgFeb 9, 2009 (CIDRAP News) – Egypt’s health ministry reported that an 18-month-old Egyptian boy has been hospitalized with an H5N1 avian influenza infection, the World Health Organization (WHO) reported today, following news reports yesterday that a 23-year-old Vietnamese woman is also battling the virus.The boy, from Menia governorate, got sick on Feb 6 and was hospitalized the next day at Maghagha Fever Hospital, where he is in stable condition, according to the WHO. His illness boosts Egypt’s H5N1 case count to 55, of which 23 have been fatal.The boy received oseltamivir (Tamiflu) treatment, Xinhua, China’s state news agency, reported today.Egypt’s Central Public Health Laboratory confirmed the boy’s infection. Menia governorate is about 100 miles south of Cairo.An investigation into the source of the boy’s illness found that he had close contact with dead poultry before he got sick, the WHO report said.So far this year Egypt has had four H5N1 cases, and all were in children age 2 or younger who had contact with sick or dead poultry. None of the children have died, and all received prompt hospital care after they got sick, according to WHO reports.In Vietnam, a hospital official from Quang Ninh province said a 23-year-old woman has an H5N1 infection, according to a report today from Agence France-Presse (AFP). If the woman’s case is confirmed by the WHO, she will become Vietnam’s 108th case, of which 52 have been fatal.A doctor from the provincial hospital told AFP yesterday that the woman has been hospitalized for 5 days and is “not doing very good.” She is Vietnam’s first official H5N1 case of the year. The country’s last case, an 8-year-old girl from Thanh Hoa province, got sick on Dec 27, so the WHO counted her infection as a 2008 case. She has since recovered.The woman got sick on Jan 28 after eating chicken, AFP reported. Sick and dead poultry had been reported in her neighborhood. Quang Ninh is on Vietnam’s northeastern coast.If the WHO confirms the Vietnamese patient, the two new cases would push the global H5N1 case count to 407 cases, 254 of them fatal.See also:Feb 9 WHO statementlast_img read more

NEWS SCAN: No answers in E coli probe, NIH biodefense grant

first_img Nestle: So far no E coli in dough samplesA Nestle spokeswoman told CIDRAP News today that the multistate outbreak strain of Escherichia coli O157: H7 has not been found so far in any of the company’s refrigerated cookie dough products. Roz O’Hearn, the spokeswoman, said FDA investigators were still at the Danville, Va., plant and that the company is fully cooperating with the probe. She said the company and federal officials have a difficult task defining what products might be contaminated, because the voluntary recall covers so many dough varieties, product sizes, and production dates. Nestle said earlier this week that investigators were also testing the plant’s equipment, water, and air handling systems. The Wall Street Journal reported today that, according to FDA inspection reports, Nestle refused to turn certain records—such as pest-control documents and consumer complaints—over to the agency during routine inspections. In a statement today, Nestle said it gave the FDA all of the information required by law in the September 2006 inspection, which it called a standard industry practice. Nestle also said no food safety issues were identified in that inspection. In other developments, the CDC said yesterday that the E coli outbreak involves 69 cases in 29 states—one fewer case and state than reported on Jun 22. A case from Hawaii is no longer included in the total.[Jun 26 Wall Street Journal report][Jun 26 Nestle statement][Jun 25 CDC outbreak update] Jun 26, 2009 Biodefense consortium receives $37 million NIH grant extensionWashington University in St Louis recently announced that the National Institutes of Health extended funding—a 5-year, $37 million grant—for the Midwest Regional Center for Excellence in Biodefense and Emerging Infectious Diseases, headquartered at the institution’s medical school. The center’s areas of study include (1) innate immunity against biological assaults and (2) West Nile virus and poxviruses. The center is a consortium that includes eight other midwestern institutions and collaboration activities in Africa and China.[Jun 24 Washington University press release]last_img read more