Tag Archives: commercial

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

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

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

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

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

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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

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

(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

(White House updates numbers of evacuees) By Idrees Ali and Susan Heavey WASHINGTON, Aug 22 (Reuters) – The United States has enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul. The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations… Source link