China’s Covid instances in Guangzhou enhance as authorities tighten measures

People in Liwan District were given nucleic acid tests on May 26, 2021 in Guangzhou, Guangdong Province, China. Southern image | Visual China Group | Getty Images GUANGZHOU, China – Guangzhou police have arrested people for violating Covid prevention laws as the southern Chinese city grapples with an outbreak of the Delta variant first identified …

How Gojek and Tokopedia teamed up in Indonesia’s greatest merger

Kevin Aluwi and William Tanuwijaya recently made Indonesian history. As founding members of GoTo Group, the 30-somethings are responsible for creating Indonesia’s newest and most valuable tech company after merging their ride-hailing and e-commerce start-ups in the country’s biggest-ever business deal. The combined entity contributes 2% to Indonesia’s GDP via its various business lines including …

Biohaven’s CEO says drug approval for migraineurs is “monumental”

Vlad Coric, CEO of Biohaven, told CNBC on Tuesday that a recent approval of the company’s migraine drug will “change the paradigm” of migraine prevention and treatment. The US Food and Drug Administration approved the drug Nurtec ODT for the preventive treatment of migraines last week. This came about a year after Nurtec was launched …

Ford’s new Maverick hybrid pickup begins at $ 19,995 and will get 40 mpg

DETROIT – Ford Motor’s new Maverick truck will be the first pickup truck in America with a standard gas-electric hybrid engine when it goes on sale from around $ 20,000 this fall. The company presented the compact pickup on Tuesday as the smallest vehicle in its highly profitable truck range, which is among the full-size …

Rich buyers are fearful about inflation, CNBC survey exhibits

Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due to inflation and could continue …

Biogen faces robust questions on an annual value of $ 56,000 for a newly accredited Alzheimer’s drug

A person skates past Biogen Inc. headquarters in Cambridge, Massachusetts on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen faced tough questions from Wall Street analysts Tuesday about the annual cost of $ 56,000 for its newly approved Alzheimer’s drug Aduhelm – a price that executives call “fair” and “responsible”. Biogen’s …

5 issues to know earlier than the inventory market opens Tuesday, June 8

Here are the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to make a run at last month’s record highs Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures turned positive Tuesday, with the S&P 500 set to make …

T-Cellular CEO says the corporate is poised to dominate 5G for the subsequent decade

Mike Sievert, CEO of T-Mobile, outlined his vision for the next decade on Monday, telling CNBC that he believes his company can lead the way in 5G for the next decade. “We’re making the rules for the 5G era because we’re way ahead – and I mean miles ahead – and those rules are going …

Assured LGBTQ small companies haven’t any succession plans

MoMo productions | Stone | Getty Images According to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey, LGBTQ small business owners are confident they will recover from the pandemic, but more than 78% have no succession plan. With so many small businesses being passed down from generation to generation, that’s …

Jim Cramer says Yellen’s rate of interest feedback ‘spooked the market’

CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury. On Sunday, Secretary Janet Yellen told Bloomberg News that raising the interest rate would be positive for the country, should the Biden administration’s big spending plans help trigger some inflation in an expanding economy. “The prospect of higher interest …