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Dow futures leap 200 points after Moderna states its vaccine creates antibodies to coronavirus

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Dow futures jump 200 points after Moderna says its vaccine produces antibodies to coronavirus

Stock futures climbed higher in right away investing on Tuesday just after Moderna claimed its coronavirus vaccine generated antibodies in all individuals in an early trial, elevating hope for a a lot quicker financial restoration.

Futures on the Dow Jones Industrial Normal jumped 300 details, pointing to a 270-stage gain at Wednesday’s open up. The S&P 500 futures and the Nasdaq 100 futures rose .7% and .5%, respectively.

Biotech Moderna’s prospective vaccine to avoid Covid-19 produced a “strong” immune response, or neutralizing antibodies, in all 45 sufferers in its early phase human demo, in accordance to newly unveiled info published Tuesday evening in the peer-reviewed New England Journal of Drugs.

Shares of Moderna surged a lot more than 12% in just after-several hours buying and selling on Tuesday. Stocks instantly tied to an financial reopening jumped adhering to the vaccine information. American Airways, United Airlines, Royal Caribbean Cruise all popped more than 4% each individual in prolonged trading.

“This need to further enhance self-confidence that we are obtaining a strong immune reaction, in that there should be better self-confidence that this will be protective to a diploma in transmission of Covid,” Michael Yee, a taking care of director at Jefferies, stated on CNBC’s “Speedy Revenue.” “This is all alongside our constructive thesis and our watch that both of those Moderna and Pfizer-BioNTech are certainly on a fantastic track to get a vaccine by the stop of the calendar year.”

Shares finished Tuesday’s volatile session on a higher take note with the Dow leaping additional than 500 points to publish its most effective day in two months. The S&P 500 jumped 1.3%, boosted by cyclical names delicate to the financial restoration. The tech-heavy Nasdaq underperformed for a 2nd working day, mounting .9% as the massive rally in Big Tech slowed down.

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Traders will keep an eye on a different batch of company earnings effects on Tuesday with Goldman Sachs, UnitedHealth, Bank of NY Mellon, U.S. Bancorp and PNC Monetary all established to report just before the bell.

Earnings from massive banks so considerably have been blended. JPMorgan Chase reported improved-than-envisioned quarter success on the back of a large surge in buying and selling earnings. Wells Fargo suffered a $2.4 billion decline and slice its dividend to 10 cents for every share.

Meanwhile, tensions amongst the U.S. and China carry on to rise. President Donald Trump mentioned Tuesday that he signed laws to impose sanctions on China in reaction to its interference with Hong Kong’s autonomy.

— CNBC’s Jesse Pound contributed reporting.

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Frankie Chavez releases single Cheguei Bem in Portuguese

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Frankie Chavez releases single Cheguei Bem in Portuguese


Franky Chavez, singer-songwriter and multi-instrumentalist, announces a new album and the first song in Portuguese. “Cheguei Bem” is the debut single, heralding the return to studio albums of one of the great names of Portuguese blues/folk.

The new single is now available on all digital platforms and is accompanied by a music video that can be viewed on the artist’s official YouTube channel.

“This topic appeared in December 2020. On a sunny and cold day in the heart of the Alentejo, music appeared in succession. I don’t know why, but I immediately remembered that I needed to send the recording that I made on my mobile phone to Pedro Puppe. Maybe because I was already thinking about starting to write lyrics in Portuguese and Pedro was one of my favorite lyricists. Two days later he sent me a text and a recording of his voice in addition to what he had done. I realized that the lyrics were talking about me, and by changing one here and the other there, I interpreted it as my own. Thus, Cheguey Bem was born. Chavez explains.

This is Frankie Chavez’s first adventure in which he explores the Portuguese language in writing his original songs, another new milestone in his career that has traveled all over the world. His repertoire is on a new path, which he adds to three studio albums and an EP.

Despite all these innovations, the unique characteristics of Chavez, the influence of blues, folk, tradition and electricity, past and present, as well as the future in his sound remain unchanged. It was his unmistakable music that allowed him to conquer the world, with numerous national and international tours that earned him critical acclaim and distinction.

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Former Portuguese minister criticizes the power of digital supercompanies

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Consolidation of the power of large digital conglomerates with a global reach is negatively affecting the global economy, as the power is concentrated in the hands of a few, and this situation requires a tough response from governments.

ConjurAccording to the former Minister of Economy of Portugal, the world has not adapted to the “new economy”.

This is the estimate of the former Minister of Economy of Portugal. Pedro Siza Vieira, who left his post in March this year after five years in the ministry. Participated in the X Lisbon Legal Forum organized by the Brazilian Institute of Education, Development and Research (IDP).

According to Vieira, the world has not yet adapted well to the “new economy”, and this must happen without delay.

“There are several phenomena that explain why the world is redefining the basic principles of the functioning of the global economy, and the most obvious is the emergence of new technologies. The emergence at the global level of companies that control the digital economy causes very big problems for companies that need to contact suppliers and customers through these platforms, which determines the functioning of the market, ”explained the former minister. “It requires legislative intervention to regulate this issue.”

In an interview with TV ConYur, the former Minister of Economy of Portugal also commented on the impact of Covid-19 and the war in Ukraine on the global economy. There is no small risk that the planet is going through a great recession, which could trigger a wave of company shutdowns in all countries, he said.

The 10th Lisbon Legal Forum was supported by FGV Knowledge, the Brazilian Institute of Insolvency (Ibajud), the Institute for the Reform of State-Company Relations (IREE) and Décio Freire Advogados.

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Niteroi signs a cooperation agreement with the Portuguese village of Forgins – Niteroi City Hall

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Niteroi signs a cooperation agreement with the Portuguese village of Forgins – Niteroi City Hall

The city of Niteroi signed this Thursday (30th) the terms of cooperation with Vila de Forjães, located in the city of Esposende, in the district of Braga, in Portugal. The Portuguese village mapped a significant number of foreigners who had emigrated to Niteroi and turned to the municipality to strengthen relations between the localities. The signing, held at a virtual meeting, is part of the program dedicated to the 33rd anniversary of the erection in the village of Forhains.

According to the cooperation agreement, Niteroi and Forjães will carry out exchanges and cooperation in various ways in the fields of science and technology, economics and trade, sports, agriculture, health, education, culture and tourism, thus promoting prosperity and development. .

Niteroi Mayor Axel Grael recalled that last month, Niteroi and Braga ratified a sister city agreement, signed in fact in February this year, to create commercial partnerships and exchange information to stimulate and develop new business. The partnership also prompted Foryaes to approach the city of Niteroi with an offer to sign.

“We have taken this initiative very positively, and we will cooperate, no matter what the cost. In Niteroi we have one of the largest communities of foreigners and a very active and representative Portuguese club. I believe that Brazil and Portugal need to cooperate more and more to share experiences. This approach has a great synergistic effect and will certainly bring positive results,” he stressed.

The project management office of the Niteroi City Hall (EGP), together with the chairman of the parish meeting, will be responsible for coordinating the cooperation. Project Management Office Secretary Katherine Azevedo stressed that the activities will be developed between the municipality and the village.

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“We are promoting Niteroi’s internationalization strategy to stimulate development in various areas of the city through activities that benefit both parties and bring people together. There is a natural synergy between peoples, mainly due to the language that facilitates this exchange. During the conversations with the Forjães team, several activities were conceived, which will be detailed in the work plan,” he said.

Forhaes Parish Assembly President Carlos Manuel Gómez de Sa said that the Forhaes Parish Council is partnering with communities where people from Forhaes live. More than 10,000 Brazilians currently live in Braga, he said, and it is one of the fastest growing cities in recent years.

“Right now we are developing the Forjanenses around the World project which, of their own accord, aims to track Forjanenses expats, the community that we have in Niteroi is very important. We had many foreigners who emigrated there, highlighting the figure of Antonio Rodriguez Alves de Faria, the founder of the Companhia de Comércio e Navegação in 1909,” he specified.

Photos: Luciana Carneiro

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