Richard Branson’s house flight was a significant milestone

NASA Administrator Bill Nelson on Monday praised Virgin Galactic founder Richard Branson after traveling to the edge of space as a passenger on his company’s VSS Unity spacecraft.

“We put Alan Shepard and Gus Grissom in suborbit 60 years ago, and now we’ve got there and I think it’s great,” said Nelson, who went into space in the 1980s, in an interview with CNBC’s Squawk Box “. . “

Branson’s flight marked a milestone, nearly two decades in the making, after the billionaire businessman founded his space tourism company in 2004. VSS Unity reached an altitude of 86.1 kilometers on Sunday, which is 53.5 miles or approximately 282,000 feet. It started from Spaceport America in New Mexico and later landed back at the facility.

Branson’s closely watched flight made him the first of the multi-billion dollar space company creators to fly his own spacecraft, ahead of Jeff Bezos, who founded Blue Origin, and Elon Musk, who founded SpaceX.

Bezos, the founder and CEO of Amazon and the richest person in the world, is scheduled to travel a week on Blue Origin’s New Shepard rocket from Tuesday.

Virgin Galactic and Blue Origin are more direct rivals, competing in the suborbital space tourism arena. SpaceX is flying long journeys into orbit and has taken astronauts to the International Space Station.

Musk has a ticket for a future flight on a Virgin Galactic trip.

Billionaire entrepreneur Richard Branson prepares to spray champagne after taking a crew in the Virgin Galactics VSS Unity passenger rocket plane to the edge of space at Spaceport America near Truth or Consequences, New Mexico, the United States, July 11, 2021 has flown.

Joe Skipper | Reuters

“I think what these billionaires are doing is great, and I think what Elon Musk did when he went into orbit with crews of astronauts is great,” said Nelson, describing all efforts to go beyond the surface of the earth in philosophical language.

He has also dismissed criticism that it wasn’t worth it. “We never want to lose our character as explorers, as adventurers,” said Nelson, a former Democratic US Senator from Florida who officially took over the helm of NASA in May.

Nelson is also a retired astronaut. In 1986, as a member of the House of Representatives, Nelson served as a payload specialist on a NASA mission and orbited the earth nearly 100 times in six days.

Virgin Galactic announced its plans for Sunday’s test space flight, including Branson’s participation, on July 1. The July 20th scheduled flight from Bezos was already public by then, sparking the widespread belief that Branson was intent on defeating Bezos into space.

Blue Origin and Virgin Galactic executives have publicly gone back and forth across the boundaries of space, and Nelson said the spirit of competition and “trash talk” is an understandable element of what some have called the billionaire space race.

NASA boss says “real space race” with China

But as for the US, Nelson said the government is focused on China.

“The real space race that took place with the Soviet Union years ago will, in my opinion, increasingly take place with China as the Chinese government becomes more and more aggressive in its space program, and I could say very successfully.”

Nelson said China hasn’t been very transparent about its space program, but noted that despite geopolitical tensions on Earth, the US has been able to collaborate in space with rival nations – the former Soviet Union, now Russia.

“Back in the middle of the Cold War in 1975, an American spaceship met and docked with a Soviet spaceship, and the crews lived together for nine days,” recalled Nelson. “Since then we have had cooperation between Russians and Americans in civil space. They are our partners on board the International Space Station.”

China’s efforts so far “remind us of the early days of the old Soviet Union, but we broke that mold with the Russians,” he said.

– CNBC’s Michael Sheetz contributed to this report.

England expects the lockdown to be confirmed regardless of fears of a surge within the delta

Football fans wrapped in English flags stand in front of Wembley Stadium ahead of the Euro 2020 England v Italy final.

SOPA pictures | LightRakete | Getty Images

LONDON – UK Prime Minister Boris Johnson is expected to confirm on Monday that the final easing of lockdown rules in England will take place on July 19th.

The move comes despite a sustained surge in coronavirus cases caused by the more contagious Delta variant. Over 31,000 new cases were reported in the UK on Sunday.

However, Johnson is expected to caution as the country reopens, stressing that some public actions, such as the wearing of masks, are a matter of personal responsibility and sensible choice. Johnson had previously said Covid should “become a virus we learn to live with,” like the flu.

In comments the government released Monday morning, Johnson said, “We’re temptingly close to the final milestone on our lockdown roadmap, but the plan to restore our freedoms must come with a warning.”

“While the phenomenal introduction of vaccines has offered every adult some protection from the virus and the critical link between cases, hospital admissions and deaths has been weakened, the global pandemic is not over.”

Johnson said Covid cases will increase if the country is unlocked. “As we confirm our plans today, our message will be clear. Caution is absolutely essential. “

Freedom Day – or step 4 in the government’s long-term plan to ease restrictions – has been postponed to July 19, after it was previously scheduled for June 21.

The government has said that “four tests” to relax Covid restrictions must be passed before relaxation can continue, including examining data to confirm vaccine adoption continues successfully and infection rates do not spike in hospital stays take risk.

The latest data will be presented on Monday, “with current modeling suggesting that Covid cases will continue to increase if restrictions are relaxed,” the government said in a statement on Monday.

“Hospitalizations, serious illnesses and deaths will also continue, albeit at a much lower level than before the vaccination program,” it said.

The delay in easing restrictions came when the variant of Delta Covid, originally discovered in India, spread across the country. While infection rates have increased, hospital admissions and deaths have not increased (although there was a slight increase in these latter two records), suggesting that coronavirus vaccines are preventing serious infections.

The analysis suggests that the Pfizer BioNTech vaccine is 96% effective against hospitalization after two doses and the Oxford-AstraZeneca vaccine is 92% effective.

The UK’s Covid vaccination program has been one of the fastest in the world, with 87.1% of the adult population now receiving a first dose of a vaccine and 66% two doses, government data shows.

The government said Monday that vaccination rollout will be further accelerated by moving second doses for under 40 to eight weeks.

Millie Bobby Brown and Jake Bongiovi Get Cozy in New Photographs

Millie Bobby Brown and Jake Bongiovi appear to be holding on to what they’ve got. 

After first sparking romance rumors during the spring, the 17-year-old Stranger Things star and Jon Bon Jovi‘s 19-year-old son shared images to their Instagram Stories over the weekend of themselves getting cuddly. The pics have since disappeared but have been saved by fan accounts. 

Millie posted one shot in which she was resting her cheek on Jake’s head, and she added a sticker reading, “Happy weekend.” They were both casually dressed in T-shirts, with Millie wearing a green Jimmy Buffett top. 

In an image that Jake posted to his account, the pair looked somberly at the camera as the sun set on the skyline behind them. 

This follows Millie and Jake having been photographed on June 17 while holding hands in New York City as they walked the Enola Holmes actress’ dog, Winnie. Earlier in the month, Jake had posted a selfie of the pair in a car and captioned it, “BFF <3."

Authorities bond yields fall with inflation information in focus

US Treasury yields fell Monday morning, with investors turning their attention to the inflation data release and Federal Reserve Chairman Jerome Powell’s testimony later this week.

The benchmark ten-year government bond yield fell 2 basis points to 1.334% at 3:45 a.m. ET. The yield on the 30-year government bond fell 1 basis point to 1.963%. The returns move inversely to the prices and 1 basis point corresponds to 0.01 percentage points.

The June inflation rate for the United States is due to be released on Tuesday.

In the meantime, Powell will present his biannual monetary policy report to the US House of Representatives and the US Senate on Wednesday and Thursday.

CNBC Pro Stock Pick and Investment Trends:

No major business news will be published on Monday.

Auctions are scheduled to be held Monday for $ 54 billion 13-week notes, $ 51 billion 26-week notes, $ 58 billion 3-week notes and $ 38 billion 10-year notes.

The founding father of WazirX shares his prediction for the following massive crypto wave

As the founder of India’s largest cryptocurrency exchange, Nischal Shetty has his finger on the pulse of new trends.

In 2017, after it took him more than a week to buy his first Bitcoin, he discovered a niche in the market to make trading the then-booming digital currency easier.

By 2018, he had launched WazirX as a localized cryptocurrency trading platform for his native India – a company that was later acquired by Binance, the world’s largest crypto exchange.

Now he has the next phase of growth for cryptocurrencies in mind.

The challenge is to understand when the time is right for the idea because crypto is still early days.

Nischal Shetty

Founder and CEO, WazirX

“The last three to four years were (were) the time to build crypto exchanges, first-tier blockchain products,” Shetty told CNBC Make It.

Blockchain refers to a decentralized, digital ledger that can be used to record data and transactions. One of its main uses is in the storage and management of digital currencies such as Bitcoin and Ethereum – forms of virtual cash that operate independently of state governments.

Choosing the right idea at the right time will be key to building the next big crypto company, he added.

Sameer Mhatre, Nischal Shetty and Siddharth Menon, co-founders of the Indian crypto trading exchange WazirX.

WazirX

It’s not easy to spot this trend, but 36-year-old software developer Shetty expects the next wave of consumer goods to take place, making digital currencies more accessible in everyday life.

According to Deutsche Bank estimates, there are around 50 million blockchain wallet users worldwide today. By 2030, the bank expects it to grow to 200 million as digital currencies become more common.

“I think the next few years would be about developing consumer-oriented crypto products. It’s not really in human hands right now, ”Shetty said. “Then crypto-education will also turn out to be another big area for people to explore.”

A challenging business

The key for aspiring entrepreneurs is getting the timing right, Shetty said, noting that mainstream adoption of cryptocurrencies and blockchain technology is still a long way off right now.

“The challenge is understanding when the time is right for the idea because crypto is still early days,” Shetty said. “Many of these ideas are not feasible given the current technological status of the cryptocurrency.”

The crypto industry is facing increasing pressure internationally as authorities weigh concerns that it could support tax evasion and criminal activity.

For its part, WazirX was caught amid an ongoing crypto debate between Indian authorities, leading Shetty to partner with other exchanges to collectively involve the country’s top financial decision-makers.

It is a time of opportunity where any entrepreneur or anyone with an idea can step in and build it.

Nischal Shetty

Founder and CEO, WazirX

“There will not be a smooth ride because mistakes will be made and in that we will see many difficulties that will come from a regulatory perspective,” he said.

Shetty compared the situation to the early days of the internet. In the beginning, poor technology and slow internet speeds made it difficult to send email. Today, video calls are commonplace and an important part of the work society.

Still, regulators are trying to get a grip on the rapidly evolving technology industry.

In the same way, new blockchain technologies offer developers and entrepreneurs the opportunity to help build the next wave of innovation, Shetty said.

“It will take time, but it is a time of opportunity where any entrepreneur or anyone with an idea can step in and build it,” he said.

Don’t Miss: How This 36 Year Old Programmer Built India’s Largest Crypto Trading Exchange

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Singapore’s Tharman Shanmugaratnam on the subsequent pandemic after Covid

SINGAPORE – The next global pandemic could come at any time and the world must prepare for it now, said Singapore Senior Minister Tharman Shanmugaratnam.

“We do not have the luxury of waiting for the end of Covid before we prepare for the next pandemic, because the next pandemic can come at any time,” Tharman told CNBC’s Annette Weisbach at the G-20 summit in Italy.

“So we have to use our current efforts to fight Covid to also build the necessary capacities to fight off the next pandemic,” he added.

The World Health Organization declared the Covid-19 outbreak a global pandemic in March last year. The coronavirus – first discovered in China in late 2019 – has infected more than 186 million people and caused at least 4 million deaths worldwide, according to data compiled by Johns Hopkins University.

A G-20 panel of global experts released a report on Friday suggesting measures to prevent outbreaks and respond quickly to a future pandemic. Tharman chairs the committee with former US Treasury Secretary Larry Summers and World Trade Organization Director General Ngozi Okonjo-Iweala.

The measures include “better and more reliable funding” for the World Health Organization, as well as tapping into multilateral institutions like the World Bank and the International Monetary Fund to fund the fight against a pandemic, Tharman said.

He added that the current international system for responding to a global pandemic was “fragmented” and “underfunded”. To fill this gap, the panel proposed setting up a new global fund with at least $ 10 billion a year, the Singapore minister said.

“What is missing in the global system today, you have a health administration under the World Health Assembly and WHO, you do not have a system that brings finance and health together,” Tharman said.

“And that’s why the system is underfunded. It reacts after the event after a crisis has broken out and cannot proactively avert future crises,” he added.

Nordstrom takes stake in four Asos style manufacturers to win youthful consumers

A woman is seen shopping on ASOS the online fashion store on a laptop.

Dinendra Haria | SOPA Images | LightRocket | Getty Images

Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos.

The brands — Topshop, Topman, Miss Selfridge and the activewear label HIIT — all target younger consumers in their 20s. Financial terms of the deal weren’t disclosed.

Nordstrom President and Chief Brand Officer Pete Nordstrom said he views the collaboration as a way to redefine the business model of a wholesaler, such as Nordstrom, working with a retailer. He also expects it to open up the possibility of further strategic partnerships in the future.

Although Asos will retain operational and creative control of the Topshop brands, Nordstrom will have the exclusive retail rights for Topshop and Topman across North America.

“Bringing the Asos brands, including Topshop and Topman, to our customers allows us to create newness and excitement,” Pete Nordstrom said in a statement.

The department store has been the exclusive distributer of Topshop and Topman in the United States since 2012. Nordstrom will now be the only brick-and-mortar location for these brands globally.

Starting this fall, customers will also be able to pick up online orders from Asos at all Nordstrom and Nordstrom Rack locations, the companies said.

Asos acquired Topshop, Topman, Miss Selfridge and HIIT in February. The brands were put on the block after Arcadia Group, the British retail empire that had been run by the billionaire Philip Green for 18 years, filed for bankruptcy protection late last year. Lockdowns initiated throughout 2020 due to the pandemic dealt a huge blow to Arcadia, which operated hundreds of stores. Asos, meanwhile, had an online-only business model.

Nordstrom is looking for ways to keep its existing customers coming back frequently to shop, while also reaching people who have never visited its stores or website before. It has an opportunity coming out of the pandemic to do so — especially as many people head back to work and back to school, and require brand new wardrobes.

The company’s hope is that by exclusively offering merchandise from Topshop, Topman, Miss Selfridge and HIIT, Nordstrom will reach a younger generation of shoppers who have growing spending power.

It could use a boost, too. Nordstrom has yet to surpass its pre-pandemic revenue. For the three-month period ended May 1, its sales were down 13% relative to 2019. Elevated labor and shipping costs, as well as supply chain disruptions, have added further pressure on its business.

Nordstrom shares are up about 15% year to date. The company has a market cap of $5.7 billion.

Donell Jones, Carl Thomas, And Dave Hollister Kind New R&B Group

Donell Jones Carl Thomas Dave Hollister

Please don’t call it a comeback! Just when it seems like there are no male R&B groups, a few Chicago natives are looking to change the current narrative of R&B music. Carl Thomas, Dave Hollister, and Donell Jones are the men we can thank for running it back!

The crooners are no stranger to the R&B industry and made a major announcement Saturday. Donell Jones took to his Instagram to announce that the three men have created a new supergroup named ‘The Chi’ to honor their hometown of Chicago.

Each man has collectively created songs that have become timeless staples in the culture. You can’t mention good R&B without putting some ‘respeck’ on Donell’s 1999 hit, ‘Where I wanna be.’’ The following year Carl dropped ‘I wish’ along with Dave’s anthem, ‘One woman man.’ All three songs are still relevant to this day! Over 10k fans of the R&B singers went off in our comments.

Entrepreneur Miss Bling Miami stepped into The Shade Room and commented, “Omggg, this is a major. A true supergroup. I can’t wait!” Another Roommate commented and brought up the former R&B group TGT. “This is going to be good. I miss when men used to grab the air and sing their hearts out in music videos. Hopefully, this is not another Tank, Ginuwine, and Tyrese.”

If you recall, the men of TGT came together in 2007 and released their debut album, “Three Kings,” in 2013. The album did well and debuted at Number 1 on the Top R&B/Hip-Hop Albums chart. Although the group was successful, it didn’t last long. The group unfortunately disbanded in 2015.

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Biden pronounces ambassadors for France, India, Chile and Bangladesh

United States President Joe Biden speaks prior to signing an executive order in the State Dining Room of the White House in Washington, DC on Friday, July 9, 2021.

Alex Edelmann | CNP | Bloomberg | Getty Images

President Joe Biden announced the names of four new candidates on Friday to serve as US ambassadors to nations such as France, India, Bangladesh and Chile, the White House said in a press release.

Biden will appoint Denise Campbell Bauer as his ambassador to France and Monaco. Bauer was reportedly a key fundraiser for former President Barack Obama, serving as U.S. ambassador to Belgium between 2013 and the end of Obama’s last term in his administration.

Los Angeles Mayor Eric Garcetti was officially listed in the press release as Biden’s intended candidate for US Ambassador to India. Outlets, including NBC News, reported back in May that Garcetti would be nominated for the post.

Peter Haas, a career member of the Foreign Ministry’s senior foreign service, has been selected as Biden’s ambassador to Bangladesh. Haas, who speaks French and German, was the head of the US Consulate General in Mumbai, India.

Biden will also appoint Bernadette Meehan, currently director of the Obama Foundation’s global programs, as his ambassador to Chile. Meehan has more than a decade of experience as a field officer and previously served as a spokesperson for the National Security Council.

The recent nominees reflect Biden’s penchant for selecting officials with sufficient experience in relevant institutions, unlike his predecessor, former President Donald Trump, who selected many individuals with limited experience in government for key roles.

Biden’s selection for the role of ambassador must be confirmed by the Senate. More than 80 of the president’s candidates have been ratified by the Senate, according to The Washington Post, while the chamber is currently considering about 160 more.

GoodRx helps gig workers in drug low cost enterprise with DoorDash

GoodRx has signed a deal with DoorDash to help gig and contract workers find prescription drugs at affordable prices, pharmaceutical market CEO Doug Hirsch told CNBC on Wednesday.

The partnership gives the grocery supplier’s couriers, known as Dashers, preferential access to GoodRx’s Gold Program to receive prescription drugs at a discount at pharmacies in the United States

The DoorDash deal follows a similar arrangement GoodRx made to serve members of the USAA, which provides insurance and other financial services to military veterans and their families.

“We are focused on serving not only American consumers but organizations as well [and] Employers – anyone who basically finds these pain points and wants to have a healthy population, ”said Hirsch in a“ Mad Money ”interview.

Dashers will also be able to make virtual doctor visits on GoodRx Care and receive free prescriptions in the mail, the company said in a press release. GoodRx claims the Gold Program can help individuals and families save thousands of dollars in prescription costs each year.

According to a 2019 study by the freelancer platform Upwork and the Freelancers Union, more than 57 million U.S. workers, or about 35% of the country’s workforce, were considered freelancers.

In the interview, Hirsch shook off any concerns investors might have about the company’s competition with mega-disruptor Amazon, which announced its own online prescription fulfillment service last year.

Hirsch said the two companies are not in a battle as GoodRx is a marketplace that works with pharmacies.

“You can get better prices and more choice with GoodRx, and yet somehow the people you still know believe Amazon is going to win this battle,” he said.

“Nothing beats a marketplace because we work very closely with all retailers to have the best prices in the place you want to go.”

GoodRx’s shares rose 2.35% to $ 33.14 on Thursday. The stock has fallen nearly 18% since the start of the year.