Tag Archives: commercial

Commercial real estate a ‘manageable’ problem but some banks will close: Powell

Commercial real estate a ‘manageable’ problem but some banks will close: Powell

Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately “manageable.” The central bank official made this point during a 60 Minutes interview that aired Sunday night. It was Powell’s first comments about the industry following a new bout of turmoil cascading through the stocks of many regional banks. “I don’t think there’s much risk of a repeat of 2008,” Powell said,… Source link

Read More »

Novavax has its sights set on the commercial COVID-19 vaccine market

Novavax has its sights set on the commercial COVID-19 vaccine market

Novavax (NVAX) is awaiting the FDA’s decision on its COVID-19 vaccine booster, and whether or not the agency will accept the original formula rather than a new variant-specific formula. However, the company is expecting the FDA to green-light the booster as an option even for those who received other vaccines for their primary or previous booster doses. That’s according to chief commercial officer John Trizzino. While Novamax already received booster approval in other countries, the U.S…. Source link

Read More »

The market isn’t going away and it’s going to be a massive commercial opportunity

The market isn’t going away and it’s going to be a massive commercial opportunity

Vaxxinity (VAXX) CEO Mei Mei Hu sees opportunity in low and middle income markets, underserved by the largest COVID-19 vaccine players to-date, for the pandemic and moving forward. “COVID taught us to look at black swans as a macro event. I think everyone has to be open to LMICs … as there’s a market to still be had — and it’s large,” Hu told Yahoo Finance in a recent interview. The Dallas–based company (a merger of formerly COVAXX and United Neuroscience in 2021), went public amid a… Source link

Read More »

Hybrid work ‘bigger concern’ than inflation or recession for commercial real estate: expert

Hybrid work ‘bigger concern’ than inflation or recession for commercial real estate: expert

Commercial real estate is down and hybrid work is a big reason why, according to one real estate executive. According to data from MSCI, commercial real estate transactions fell 22% in the second quarter from a year ago. And while inflation and an economic recession are both weighing heavily on the minds of real estate investors and “creating some hesitation,” Marcus and Millichap CEO Hessam Nadji said that it’s “not really a long-term concern.” “The bigger concern is this hybrid work… Source link

Read More »

Google and the Internet Archive are the first customers to pay for commercial access to Wikipedia content – TechCrunch

Google and the Internet Archive are the first customers to pay for commercial access to Wikipedia content – TechCrunch

Google is going to start paying for its use of Wikipedia information to help power its knowledge panels in Google Search. The search giant, along with the digital library the Internet Archive, are the first customers for the still relatively new commercial product launched by the Wikimedia Foundation — the nonprofit that operates Wikipedia. Its new service, Wikimedia Enterprise, offers access to Wikimedia content to companies that reuse and source Wikipedia and other Wikimedia… Source link

Read More »

DOD's Commercial IT Innovation Hub to Deploy Google Secure Cloud Offering – Nextgov

DOD's Commercial IT Innovation Hub to Deploy Google Secure Cloud Offering – Nextgov

Cookie List A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our… Source link

Read More »

Italy’s antitrust fines Google, Apple for commercial use of data

Italy’s antitrust fines Google, Apple for commercial use of data

A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo ROME, Nov 26 (Reuters) – Italy’s antitrust regulator has fined Alphabet’s Google (GOOGL.O) and iPhone maker Apple (AAPL.O) 10 million euros ($11.23 million) each for “aggressive practices” linked to the commercial use of user data. The authority said in statement that the two tech groups did not provide “clear and immediate information” with regards to… Source link

Read More »

Palantir Expects 40% Revenue Growth in FY 2021; Q3 US Commercial Revenue up 103% Y/Y

Palantir Expects 40% Revenue Growth in FY 2021; Q3 US Commercial Revenue up 103% Y/Y

DENVER, November 09, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the third quarter ended September 30, 2021. Q3 2021 Highlights Total revenue grew 36% year-over-year to $392 million Added 34 net new customers in Q3 Commercial customer count grew 46% quarter-over-quarter US commercial revenue grew 103% year-over-year Cash flow from operations of $101 million, representing a 26% margin Adjusted free cash flow of $119 million, representing a 30%… Source link

Read More »

Virgin Galactic Falls After Delaying First Commercial Flight

Virgin Galactic Falls After Delaying First Commercial Flight

(Bloomberg) — Virgin Galactic Holdings Inc. is pushing the start of commercial flights further into next year after rescheduling a test flight, disappointing investors with the unexpected delay to its space tourism business plans. Most Read from Bloomberg A program to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of four and the start of commercial service into the fourth quarter of 2022, it said… Source link

Read More »