Gilead reaches multiyear agreement with White House to donate PrEP

Pharmaceutical giant Gilead Sciences has agreed to donate drugs that reduce the risk of HIV transmission for up to 200,000 people a year, the Trump administration says. The deal will “help us achieve our goal of ending the HIV epidemic in America!,” President Donald Trump said in a tweet. Trump has pledged to end the HIV epidemic in the United States by 2030, a goal long sought by public health advocates. Gilead said it will donate its Truvada pill until a second-generation version, Descovy, bec


Pharmaceutical giant Gilead Sciences has agreed to donate drugs that reduce the risk of HIV transmission for up to 200,000 people a year, the Trump administration says. The deal will “help us achieve our goal of ending the HIV epidemic in America!,” President Donald Trump said in a tweet. Trump has pledged to end the HIV epidemic in the United States by 2030, a goal long sought by public health advocates. Gilead said it will donate its Truvada pill until a second-generation version, Descovy, bec
Gilead reaches multiyear agreement with White House to donate PrEP Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, epidemic, gilead, united, house, prep, trump, reaches, hiv, end, agreement, donate, 2030, administration, multiyear, truvada, white


Gilead reaches multiyear agreement with White House to donate PrEP

Pharmaceutical giant Gilead Sciences has agreed to donate drugs that reduce the risk of HIV transmission for up to 200,000 people a year, the Trump administration says.

The agreement between Gilead and the Trump administration will last until at least Dec. 31, 2025, and possibly through the end of 2030, Health and Human Services Secretary Alex Azar said in a statement Thursday. Gilead will donate its PrEP medication Truvada, which is used to reduce the risk of HIV infection and usually sells for $1,600 to $2,000 a month in the United States.

The deal will “help us achieve our goal of ending the HIV epidemic in America!,” President Donald Trump said in a tweet.

Trump has pledged to end the HIV epidemic in the United States by 2030, a goal long sought by public health advocates. According to the latest data from the Joint United Nations Programme on HIV/AIDS, about 36.9 million people worldwide are living with HIV or AIDS, and an estimated 21.7 million of those people are using antiretroviral medicines to suppress the infection.

Gilead said it will donate its Truvada pill until a second-generation version, Descovy, becomes available. The Trump administration has agreed to cover costs associated with distributing the drugs.

“Securing this commitment is a major step in the Trump Administration’s efforts to use the prevention and treatment tools we have to end the HIV epidemic in America by 2030,” Azar said.

California-based Gilead Sciences dominates the $26 billion-a-year HIV medication market.


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, epidemic, gilead, united, house, prep, trump, reaches, hiv, end, agreement, donate, 2030, administration, multiyear, truvada, white


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Uber prices IPO at $45 per share, at low end of range

When going public, there needs to be path to profitability: Pro 4 Hours Ago | 03:34Uber priced its IPO at $45 per share Thursday, at the low end of its stated range. On a fully diluted basis, Uber has an implied market valuation of $82.4 billion. Early reports suggested Uber was seeking a valuation of up to $120 billion. Its expected range was between $44 and $50 per share, according to a filing last month. While Khosrowshahi is working to restore Uber’s reputation, the company faced driver stri


When going public, there needs to be path to profitability: Pro 4 Hours Ago | 03:34Uber priced its IPO at $45 per share Thursday, at the low end of its stated range. On a fully diluted basis, Uber has an implied market valuation of $82.4 billion. Early reports suggested Uber was seeking a valuation of up to $120 billion. Its expected range was between $44 and $50 per share, according to a filing last month. While Khosrowshahi is working to restore Uber’s reputation, the company faced driver stri
Uber prices IPO at $45 per share, at low end of range Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: leslie picker, lora kolodny, ali balikci, anadolu agency, getty images, alex kraus, bloomberg
Keywords: news, cnbc, companies, needs, prices, 45, companies, share, uber, ubers, company, billion, losses, ipo, range, car, end, low


Uber prices IPO at $45 per share, at low end of range

When going public, there needs to be path to profitability: Pro 4 Hours Ago | 03:34

Uber priced its IPO at $45 per share Thursday, at the low end of its stated range.

At the IPO price of $45 per share, the company will be valued on a non-diluted basis at about $75.46 billion, which will put the stock’s market cap right around the size of Caterpillar’s and make it one of the most valuable companies ever to go public. On a fully diluted basis, Uber has an implied market valuation of $82.4 billion.

Early reports suggested Uber was seeking a valuation of up to $120 billion. Its expected range was between $44 and $50 per share, according to a filing last month.

The company is offering 180 million shares of its common stock, which means it could raise around $8.1 billion on Friday, with an option for underwriters to buy an additional 27 million shares.

A ride-hailing pioneer and Silicon Valley darling, Uber made on-demand transportation a new norm throughout the world, while accumulating massive losses and controversy along the way.

In 2018, Uber’s revenue reached $11.3 billion for the year, up 43% from 2017, while reporting adjusted losses of $1.8 billion, an improvement over losses of $2.6 billion in 2017, according to its IPO filing. The company has never turned a profit.

To cover these losses and fund its rapid expansion, the company raised more than $24 billion from a wide range of investors since its founding a decade ago, according to Crunchbase. Investors have included traditional VC firms like Benchmark, and companies with interests in transportation like Alphabet and Toyota. Its biggest shareholder is Japanese tech conglomerate SoftBank, which invested more than $8 billion through its Vision Fund and owns 16.3% of the company pre-IPO.

Shawn Carolan, an early Uber investor and partner at Menlo Ventures, said: “Uber is a great reminder to venture capitalists that the biggest opportunities lie in our most common needs as humans. When a startup presents, look beyond the current product, which often feels trivial, to the underlying need being served. An on-demand black car service was easy to dismiss, but nearly everyone needs transportation.”

At Uber, CEO Dara Khosrowshahi replaced co-founder Travis Kalanick in 2017 after myriad missteps for the company. Kalanick’s ouster was preceded by revelations about unchecked sexism within Uber’s ranks, and a high-stakes lawsuit over trade secrets from Waymo, Alphabet’s self-driving car business.

While Khosrowshahi is working to restore Uber’s reputation, the company faced driver strikes in major cities this week leading up to the IPO.

Personal mobility remains Uber’s core business. Its ride-hailing services reach into 63 countries and more than 700 cities. But its ambitions and revenue streams have diversified into bike and scooter rentals, food delivery and freight. Uber is also developing air taxis and driverless car technology, among other things.

Uber is engaged in an intense pricing battle with its chief competitor in the U.S., Lyft, as the companies try to attract and retain riders with low fares, while paying drivers just enough to keep them on the platform too.

The company plans to list on Friday with the ticker “UBER.”


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: leslie picker, lora kolodny, ali balikci, anadolu agency, getty images, alex kraus, bloomberg
Keywords: news, cnbc, companies, needs, prices, 45, companies, share, uber, ubers, company, billion, losses, ipo, range, car, end, low


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Temptation to ‘game the system’ could derail US-China trade deal, says former American official

A trade deal between the United States and China — which may be just around the corner — could be derailed by a “temptation to game the system,” a former U.S. diplomat and ambassador told CNBC on Friday. “There’s always a temptation for someone to game the system. No deal is comprehensive, always there’s some issue or group or segment that isn’t addressed. “So the scope for gamesmanship, I think, with some of these issues, and that’s going to be where the U.S. does have to discipline the system,


A trade deal between the United States and China — which may be just around the corner — could be derailed by a “temptation to game the system,” a former U.S. diplomat and ambassador told CNBC on Friday. “There’s always a temptation for someone to game the system. No deal is comprehensive, always there’s some issue or group or segment that isn’t addressed. “So the scope for gamesmanship, I think, with some of these issues, and that’s going to be where the U.S. does have to discipline the system,
Temptation to ‘game the system’ could derail US-China trade deal, says former American official Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: shirley tay weizhen tan, shirley tay, weizhen tan
Keywords: news, cnbc, companies, official, trade, thats, system, game, china, american, temptation, deal, theres, uschina, issues, derail, end, lavin, going


Temptation to 'game the system' could derail US-China trade deal, says former American official

A trade deal between the United States and China — which may be just around the corner — could be derailed by a “temptation to game the system,” a former U.S. diplomat and ambassador told CNBC on Friday. While there’s a “strong likelihood” that the two sides will be able to hammer out a deal, there are a few factors that could derail its prospects, said Frank Lavin, who formerly served as U.S. under secretary of commerce for international trade. “There’s always a temptation for someone to game the system. If you and I are in an agreement, and we’re there and we’re going to sign tomorrow, I always have an incentive to say, ‘Why don’t I just take my offer down one percent?’ And you’re already at the table, you’re already set for celebration, and let me just see if I can do this,” said Lavin, who is now chief executive of business consultancy Export Now. In particular, there’s potential for “gamesmanship” when it comes to trade concessions that will be “painful for China,” involving the trickier intellectual property issues, according to Lavin, who was also U.S. ambassador to Singapore.

No deal is comprehensive, always there’s some issue or group or segment that isn’t addressed. And so they are going to scream bloody murder. Frank Lavin Export Now CEO

“But on some of the IP issues — we’re going to end compulsory licensing, or end compulsory sharing of IP data — that’s a little harder to enforce, because what is compulsory? There might not be anything formally legal that requires it, but there might be incentives, or pressure, or say, you want to build a new plant in China, can we really go along with it?” he said. “So the scope for gamesmanship, I think, with some of these issues, and that’s going to be where the U.S. does have to discipline the system, and … police what’s going on,” Lavin added. And while some parts of the deal may require external enforcement, the elements of an agreement that are less painful for China are likely to see a “self-enforcing, self-discipline” type of system, Lavin said. “Because look, lower tariffs help China, they help the consumers, they temper inflation. So, that’s easy to live with, and it’s very visible, very transparent,” he said. China earlier this month announced it would lower tariffs on some imported consumer goods ranging from computers to furniture and bicycles.

President Donald Trump (L) shakes hand with China’s President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: shirley tay weizhen tan, shirley tay, weizhen tan
Keywords: news, cnbc, companies, official, trade, thats, system, game, china, american, temptation, deal, theres, uschina, issues, derail, end, lavin, going


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Venezuela’s Guaido in video says troops have joined him to end Maduro presidency

Venezuela’s opposition leader Juan Guaido gestures during the ‘Venezuela Aid Live’ concert, organized to raise money for the Venezuelan relief effort, at the head of the Tienditas International Bridge in Cucuta, Colombia, on February 22, 2019. Venezuelan opposition leader Juan Guaido said on Tuesday he had begun the “final phase” of his plan to oust President Nicolas Maduro, calling on Venezuelans and the military to back him to end Maduro’s “usurpation.” “The national armed forces have taken th


Venezuela’s opposition leader Juan Guaido gestures during the ‘Venezuela Aid Live’ concert, organized to raise money for the Venezuelan relief effort, at the head of the Tienditas International Bridge in Cucuta, Colombia, on February 22, 2019. Venezuelan opposition leader Juan Guaido said on Tuesday he had begun the “final phase” of his plan to oust President Nicolas Maduro, calling on Venezuelans and the military to back him to end Maduro’s “usurpation.” “The national armed forces have taken th
Venezuela’s Guaido in video says troops have joined him to end Maduro presidency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sue-anne tang
Keywords: news, cnbc, companies, presidency, venezuelan, military, joined, opposition, guaido, national, video, leader, phase, venezuelas, maduro, end, oust, troops, maduros


Venezuela's Guaido in video says troops have joined him to end Maduro presidency

Venezuela’s opposition leader Juan Guaido gestures during the ‘Venezuela Aid Live’ concert, organized to raise money for the Venezuelan relief effort, at the head of the Tienditas International Bridge in Cucuta, Colombia, on February 22, 2019.

Venezuelan opposition leader Juan Guaido said on Tuesday he had begun the “final phase” of his plan to oust President Nicolas Maduro, calling on Venezuelans and the military to back him to end Maduro’s “usurpation.”

Guaido, in a video posted on his Twitter account, was speaking in the company of men in military uniform and opposition politician Leopoldo Lopez, who is under house arrest. He said he was at the Caracas air base La Carlota.

“The national armed forces have taken the correct decision, and they are counting on the support of the Venezuelan people,” Guaido said.

Guaido, the leader of Venezuela’s opposition-controlled National Assembly, in January, he invoked the constitution to assume an interim presidency, arguing that Maduro’s re-election in 2018 was illegitimate.

He has been traveling outside the capital, Caracas, more and more in recent weeks to try to put pressure on Maduro to step down.

Protests are planned for Wednesday, May 1, including what Guaido has said will be “the largest march in Venezuela’s history”, part of what he calls the “definitive phase” of his effort to take office in order to call fresh elections.

Maduro calls Guaido a U.S-backed puppet who seeks to oust him in a coup. The government has arrested his top aide, stripped Guaido of his parliamentary immunity and opened multiple probes. It has also barred him from leaving the country, a ban Guaido openly violated earlier this year.

Last week, Guaido said his congressional ally – opposition lawmaker Gilber Caro – had been detained, and that 11 members of his team had been summoned to appear before the Sebin intelligence agency.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sue-anne tang
Keywords: news, cnbc, companies, presidency, venezuelan, military, joined, opposition, guaido, national, video, leader, phase, venezuelas, maduro, end, oust, troops, maduros


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Home Depot’s CFO to retire at the end of August

Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019. Home Depot announced Tuesday that Chief Financial Officer Carol Tomé will retire on Aug. 31. Tomé, who has been with the company for 24 years, will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. Since joining Home Depot in 2005, McPhail has served as senior vice president of finance as well as both director and vice president of strategic


Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019. Home Depot announced Tuesday that Chief Financial Officer Carol Tomé will retire on Aug. 31. Tomé, who has been with the company for 24 years, will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. Since joining Home Depot in 2005, McPhail has served as senior vice president of finance as well as both director and vice president of strategic
Home Depot’s CFO to retire at the end of August Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: nadine el-bawab, lauren hirsch
Keywords: news, cnbc, companies, end, depots, team, carol, retire, president, joining, senior, vice, menear, leadership, depot, cfo, mcphail


Home Depot's CFO to retire at the end of August

Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019.

Home Depot announced Tuesday that Chief Financial Officer Carol Tomé will retire on Aug. 31.

Tomé, who has been with the company for 24 years, will be succeeded by Richard McPhail, the current senior vice president of finance control and administration.

“Since Carol was named our CFO in May 2001 we have delivered more than a 450% increase in value to our shareholders, due in part to her many contributions. We are truly grateful to Carol for her service, and I am deeply appreciative of her partnership over the past five years,” Craig Menear, chairman, CEO and president of Home Depot, said in a statement.

Since joining Home Depot in 2005, McPhail has served as senior vice president of finance as well as both director and vice president of strategic business development.

“Richard has been a key contributor to our senior leadership team and I’m excited about him joining our executive leadership team,” Menear added.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: nadine el-bawab, lauren hirsch
Keywords: news, cnbc, companies, end, depots, team, carol, retire, president, joining, senior, vice, menear, leadership, depot, cfo, mcphail


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Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019

Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. Similar features have been available through various third-party apps, including one known as Down. Facebook is also expanding Dating to 14 more countries around the world, including Brazil and


Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. Similar features have been available through various third-party apps, including one known as Down. Facebook is also expanding Dating to 14 more countries around the world, including Brazil and
Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: salvador rodriguez
Keywords: news, cnbc, companies, feature, end, notify, 2019, friends, crushes, including, let, facebook, available, countries, dating, apps


Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019

Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another.

Users will be able to choose up to nine friends who they have crushes on. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. If not, Facebook claims “no one will know that you’ve entered a friend’s name.”

Similar features have been available through various third-party apps, including one known as Down.

Facebook is also expanding Dating to 14 more countries around the world, including Brazil and Malaysia, and it will be available in the U.S. by the end of 2019, said Fidji Simo, the head of the Facebook app.

Facebook Dating was announced about a year ago as a way to find potential matches within users’ friend lists or groups, and has been available in Colombia, Thailand, Canada, Argentina and Mexico.

Facebook made the announcements at its F8 conference for software developers, which is happening in San Jose, California, this week.

The company’s shares are up about 6% since reporting stronger-than-expected revenue growth in its Q1 2019 earnings report last Wednesday, and are up more than 40% year to date.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: salvador rodriguez
Keywords: news, cnbc, companies, feature, end, notify, 2019, friends, crushes, including, let, facebook, available, countries, dating, apps


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Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019

Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. Similar features have been available through various third-party apps, including one known as Down. Facebook is also expanding Dating to 14 more countries around the world, including Brazil and


Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. Similar features have been available through various third-party apps, including one known as Down. Facebook is also expanding Dating to 14 more countries around the world, including Brazil and
Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: salvador rodriguez
Keywords: news, cnbc, companies, crushes, dating, countries, including, let, apps, 2019, end, feature, facebook, available, friends, notify


Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019

Facebook’s dating service will soon be available in 19 countries with the U.S. coming by the end of this year, and is introducing a new Secret Crush feature that will notify friends who like one another.

Users will be able to choose up to nine friends who they have crushes on. If those friends are also on Facebook Dating, and similarly select them, the feature will notify both. If not, Facebook claims “no one will know that you’ve entered a friend’s name.”

Similar features have been available through various third-party apps, including one known as Down.

Facebook is also expanding Dating to 14 more countries around the world, including Brazil and Malaysia, and it will be available in the U.S. by the end of 2019, said Fidji Simo, the head of the Facebook app.

Facebook Dating was announced about a year ago as a way to find potential matches within users’ friend lists or groups, and has been available in Colombia, Thailand, Canada, Argentina and Mexico.

Facebook made the announcements at its F8 conference for software developers, which is happening in San Jose, California, this week.

The company’s shares are up about 6% since reporting stronger-than-expected revenue growth in its Q1 2019 earnings report last Wednesday, and are up more than 40% year to date.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: salvador rodriguez
Keywords: news, cnbc, companies, crushes, dating, countries, including, let, apps, 2019, end, feature, facebook, available, friends, notify


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Five ways this economic expansion could come to an abrupt end

Deutsche Bank chief economist Torsten Slok identified five different ways the decade long cycle could end. Even though job growth is strong, a slowdown in consumer spending could cause economic growth to “fizzle out.” The U.S. economy would be at risk if the trade war intensifies, with Europe in particular. President Donald Trump has criticized the Fed and Fed Chairman Jerome Powell for rate hikes and is now seeking rate cuts. Slok warns that any increase in U.S. long term interest rates from lo


Deutsche Bank chief economist Torsten Slok identified five different ways the decade long cycle could end. Even though job growth is strong, a slowdown in consumer spending could cause economic growth to “fizzle out.” The U.S. economy would be at risk if the trade war intensifies, with Europe in particular. President Donald Trump has criticized the Fed and Fed Chairman Jerome Powell for rate hikes and is now seeking rate cuts. Slok warns that any increase in U.S. long term interest rates from lo
Five ways this economic expansion could come to an abrupt end Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: patti domm
Keywords: news, cnbc, companies, credit, trade, risk, interest, expansion, ways, loans, come, growth, economic, consumer, serious, abrupt, fed, economy, end


Five ways this economic expansion could come to an abrupt end

The U.S. economy is buzzing along, but at any time, there could be an event that would signal an end of the expansion, including a blow up in credit markets, a consumer slowdown, or politicization of the Federal Reserve.

Deutsche Bank chief economist Torsten Slok identified five different ways the decade long cycle could end.

1. Credit market bombshell. First a blow-up in credit markets would be a quick catalyst, after years of easy money from the world’s central banks created a global hunt for yield. “Easy money pushed a lot of investors into financial assets and any sudden re-pricing of risks for example in loans, [high-yield], or [investment grade] could have serious negative consequences for the economy,” he wrote.

2. Consumer fatigue. The U.S. consumer is a major part of the U.S. economy, and delinquencies on consumer loans have moved higher for the past two years, as interest rates on credit cards and auto loans have widened. Even though job growth is strong, a slowdown in consumer spending could cause economic growth to “fizzle out.”

3. Trade wars. The U.S. economy would be at risk if the trade war intensifies, with Europe in particular. With growth already slowed, downside risk would be serious for both Europe and the U.S. if there was an escalated or prolonged trade war.

4. Fed damaged. President Donald Trump has criticized the Fed and Fed Chairman Jerome Powell for rate hikes and is now seeking rate cuts. His recent Fed board choices, like Stephen Moore and Herman Cain, have also been seen as political. Cain has removed himself from the process and Moore is still in the running. If investors suddenly see the Fed as politically driven, or if it becomes motivated by the election cycle, “it could trigger a decline in the dollar and introduce serious risk premia in US long-term interest rates.”

5. China current account deficit. Once China has a current account deficit and has to rely on financing from abroad, there would be downside risks to its currency and it would have to sell its FX reserves, meaning U.S. Treasurys. Slok warns that any increase in U.S. long term interest rates from lower demand for Treasurys could be a “potential game stopper for the current expansion.”

Source: Deutsche Bank


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: patti domm
Keywords: news, cnbc, companies, credit, trade, risk, interest, expansion, ways, loans, come, growth, economic, consumer, serious, abrupt, fed, economy, end


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Saudi’s Falih sees no need for swift output action after Iran oil waivers end

“Inventories are actually continuing to rise despite what is happening in Venezuela and despite the tightening of sanctions on Iran. I don’t see the need to do anything immediately,” Falih said in Riyadh. “Our intent is to remain within our voluntary (OPEC) production limit,” Falih said, adding that Riyadh would “be responsive to our customers, especially those who have been under waivers and those whose waivers have been withdrawn.” He said Saudi Arabia’s oil production in May was pretty much s


“Inventories are actually continuing to rise despite what is happening in Venezuela and despite the tightening of sanctions on Iran. I don’t see the need to do anything immediately,” Falih said in Riyadh. “Our intent is to remain within our voluntary (OPEC) production limit,” Falih said, adding that Riyadh would “be responsive to our customers, especially those who have been under waivers and those whose waivers have been withdrawn.” He said Saudi Arabia’s oil production in May was pretty much s
Saudi’s Falih sees no need for swift output action after Iran oil waivers end Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: mladen antonov
Keywords: news, cnbc, companies, oil, falih, opec, saudis, iran, months, sanctions, output, need, production, saudi, level, sees, end, waivers, swift, million, tightening


Saudi's Falih sees no need for swift output action after Iran oil waivers end

“Inventories are actually continuing to rise despite what is happening in Venezuela and despite the tightening of sanctions on Iran. I don’t see the need to do anything immediately,” Falih said in Riyadh.

The United States has decided not to renew exemptions from sanctions against Iran granted last year to buyers of Iranian oil, taking a tougher line than expected.

“Our intent is to remain within our voluntary (OPEC) production limit,” Falih said, adding that Riyadh would “be responsive to our customers, especially those who have been under waivers and those whose waivers have been withdrawn.”

“We think there will be an uptick in real demand but certainly we are not going to be pre-emptive and increase production,” the minister said.

He said Saudi Arabia’s oil production in May was pretty much set with very little variation from the last couple of months. June crude allocations would be decided early next month, he said.

The kingdom’s exports in April will be below 7 million barrels per day (bpd), while production is around 9.8 million bpd, Saudi officials have said.

Under the OPEC-led deal on supply cuts, Saudi Arabia can pump up to 10.3 million bpd.

Falih said there would most likely be “some level of production management beyond June” by OPEC and its allies, but it was too early to predict the output targets now.

Oil prices rallied to their highest level since November after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Eight countries, including China and India, were granted waivers for six months, and several had expected those exemptions to be renewed.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: mladen antonov
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Elizabeth Warren’s $1.25 trillion education plan aims to end the cycle of student debt—here’s how

I’m calling for universal free college and the cancellation of student loan debt for more than 95% of Americans. In 2015, President Barack Obama proposed a national policy that would make two years of community college free for all eligible students. Providing two years of community college at no cost for every responsible student is one of the best ways to do that.” Today, at least 17 states offer tuition-free community college for residents. Warren’s proposal also emphasizes the benefits — bey


I’m calling for universal free college and the cancellation of student loan debt for more than 95% of Americans. In 2015, President Barack Obama proposed a national policy that would make two years of community college free for all eligible students. Providing two years of community college at no cost for every responsible student is one of the best ways to do that.” Today, at least 17 states offer tuition-free community college for residents. Warren’s proposal also emphasizes the benefits — bey
Elizabeth Warren’s $1.25 trillion education plan aims to end the cycle of student debt—here’s how Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: abigail hess, reuters karen pulfer focht, -elizabeth warren
Keywords: news, cnbc, companies, trillion, student, aims, warrens, elizabeth, cycle, community, debtheres, free, college, debt, plan, cost, end, policy, students, obama, public, education


Elizabeth Warren's $1.25 trillion education plan aims to end the cycle of student debt—here's how

I’m calling for universal free college and the cancellation of student loan debt for more than 95% of Americans. This is the kind of big, structural change we need to make sure our kids have opportunity in this country. pic.twitter.com/KERw3APDMo

Free community college has become an increasingly popular policy among progressive politicians. In 2015, President Barack Obama proposed a national policy that would make two years of community college free for all eligible students.

“No hardworking student should be stuck in the red,” said Obama during his final State of the Union address in 2017. “We’ve actually got to cut the cost of college. Providing two years of community college at no cost for every responsible student is one of the best ways to do that.”

Today, at least 17 states offer tuition-free community college for residents.

Warren’s proposal also emphasizes the benefits — beyond reducing future student debt — that free public university would have on future and current college students.

“We expect everyone but the wealthy to take on mountains of debt if they want to get a post-secondary education. This is closing off opportunities for generations of Americans and widening this country’s racial wealth gap,” Warren wrote. “The cost of college deters people from attending college.”

She also argues that eliminating tuition and fees at public institutions would help increase graduation rates, especially among low-income students. According to the National Center for Education Statistics, just 40 percent of first-time full-time students earn a bachelor’s degree in four years, and only 59 percent earn their bachelor’s in six years.

With more than half of students struggling to graduate in four years, most students are forced to take — and pay for — extra years of college.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: abigail hess, reuters karen pulfer focht, -elizabeth warren
Keywords: news, cnbc, companies, trillion, student, aims, warrens, elizabeth, cycle, community, debtheres, free, college, debt, plan, cost, end, policy, students, obama, public, education


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