European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington. Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion). The pan-European


European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.
Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods.
The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).
The pan-European
European stocks move higher ahead of US jobs report; Swiss Re up 2.8% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.

Meanwhile, Glencore dropped 1.5% in early deals. The Wall Street Journal reported that the mining company is being investigated in a U.K. bribery probe.

Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).

The pan-European Stoxx 600 traded 0.3% higher with almost every sector in the black. Banking and tech stocks were among the top performers in early deals.

Overall, stock markets are following news on the U.S.-China trade front. President Donald Trump said Thursday that trade talks with China were “moving right along,” according to Reuters. However, earlier this week, the U.S. president said that it might be better to wait until after the presidential election in November of next year to finish a trade deal with Beijing. Meanwhile, spokespersons for the Chinese government have avoided commenting on the prospects of a trade deal.

Oil prices rose Thursday after OPEC members agreed in principle to another cut to output during the first quarter of 2020. OPEC members are starting their second day of talks on Friday.

On the data front, Germany’s industrial output dropped unexpectedly in the month of October. Industrial output fell 1.7% against a market expectation of a 0.1% increase in activity. In France, data on Friday showed a drop of 4.73 billion euros in its trade deficit. There will also be payroll figures out in the U.S. at 1:30 p.m. London time.

In the U.K., the leaders of the Conservative and Labour parties are set to have their final TV debate Friday ahead of the December 12 election. In France, a general strike is carrying on to a second day as public sector workers protest against changes to the pension system.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


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Kudlow says a trade deal is close, but Trump is prepared to ‘walk away’ if some conditions not met

Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted. We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday. “The president has said that if we can not get the enforcement and the assurances, then we will not go forward.” The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 bil


Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted.
We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday.
“The president has said that if we can not get the enforcement and the assurances, then we will not go forward.”
The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 bil
Kudlow says a trade deal is close, but Trump is prepared to ‘walk away’ if some conditions not met Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, fact, walk, away, good, kudlow, tariffs, close, president, trade, conditions, talks, met, trump, deal, prepared


Kudlow says a trade deal is close, but Trump is prepared to 'walk away' if some conditions not met

Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted.

“The president has said many times if the deal is no good, if the assurances with respects to preventing future thefts, if the enforcement procedure is no good he has said we will not go for it. We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday. “The president has said that if we can not get the enforcement and the assurances, then we will not go forward.”

The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 billion in Chinese imports are set to kick in Dec. 15. Kudlow said the two sides are moving closer to a deal.

“The deal is close. It’s probably even closer than in mid-November,” Kudlow said. “Deputy level met again … The reality is constructive talks, almost daily talks. We are in fact close…There’s no arbitrary deadlines, but the fact remains December 15 is a very important date with respect to a no go or go on tariffs.”


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, fact, walk, away, good, kudlow, tariffs, close, president, trade, conditions, talks, met, trump, deal, prepared


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MLS enters final talks to award Charlotte its 30th franchise; stadium issues remain

“We’ve got great confidence that it’ll be a great city,” Garber said. Tepper’s group, which includes Panthers team president Tom Glick, did not receive the final approval they need to ensure “MLS-ready” improvements to the stadium, Garber said. MLS doesn’t expect to draw as many fans consistently to the stadium and doesn’t want extra seats showing during broadcasts. Though the MLS approved final negotiations with Tepper’s group, Garber said the league would keep an open dialogue with Las Vegas a


“We’ve got great confidence that it’ll be a great city,” Garber said.
Tepper’s group, which includes Panthers team president Tom Glick, did not receive the final approval they need to ensure “MLS-ready” improvements to the stadium, Garber said.
MLS doesn’t expect to draw as many fans consistently to the stadium and doesn’t want extra seats showing during broadcasts.
Though the MLS approved final negotiations with Tepper’s group, Garber said the league would keep an open dialogue with Las Vegas a
MLS enters final talks to award Charlotte its 30th franchise; stadium issues remain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: jabari young
Keywords: news, cnbc, companies, enters, franchise, award, city, stadium, final, league, group, tepper, mls, talks, teppers, garber, issues, charlotte, receive, remain


MLS enters final talks to award Charlotte its 30th franchise; stadium issues remain

CHARLOTTE, NORTH CAROLINA – DECEMBER 01: Carolina Panthers owner David Tepper looks on before their game against the Washington Redskins at Bank of America Stadium on December 01, 2019 in Charlotte, North Carolina.

Major League Soccer is in the final stages of adding Charlotte as the next destination to receive a franchise, Commissioner Don Garber said at the league’s board of governor’s meeting in New York on Thursday.

Billionaire hedge fund manager David Tepper, who also owns the Carolina Panthers, led the presentation in front MLS officials, including deputy commissioner Mark Abbott, one of the key figures on the league’s expansion committee. Garber said board members were impressed by Tepper and are authorizing the committee to finalize negotiations.

“We’ve got great confidence that it’ll be a great city,” Garber said. “When David came in, there was a great level of support for his presentation, and for everything he hopes to achieve there.

“I think our board really appreciated all the detail they provided,” Garber added.

Tepper, who paid $2.2 billion to purchase the Panthers in 2018, is expected to pay an entry fee that could exceed $300 million to land a club in Charlotte.

One holdup to make the move official is Bank of America Stadium. Tepper’s group, which includes Panthers team president Tom Glick, did not receive the final approval they need to ensure “MLS-ready” improvements to the stadium, Garber said.

According to the Charlotte Business Journal, Tepper’s group will also need to receive approval from city officials for $100 million in taxpayer revenue that will fund changes to the stadium.

One of the issues that need to be addressed at the 75,000-plus seat football stadium is figuring out how to conceal seats, especially near the top of the facility. MLS doesn’t expect to draw as many fans consistently to the stadium and doesn’t want extra seats showing during broadcasts.

“We’ve got to get the stadium right,” Garber said.

Speaking to Charlotte-based NBC affiliate WCNC-TV, Glick, who assisted in starting the MLS’ 20th team NYCFC, said he feels “optimistic” a deal will be reached with city officials leading to final approval by the league.

“We’re working tirelessly to try to make this happen,” Glick told the station.

Added Garber: “We’ve got confidence in David Tepper and his management group and confidence in the city leaders that they’ll continue to want to support the efforts to bring Major League Soccer to Charlotte.”

Though the MLS approved final negotiations with Tepper’s group, Garber said the league would keep an open dialogue with Las Vegas and Phoenix officials, who were also in the running to receive a franchise.

Garber said the goal is to “finalize something by the end of the year,” with Tepper’s group, but cautioned it could be delayed well into 2020. Once approval is granted, Charlotte will become the fourth city rewarded an MLS club over the last year, joining St. Louis, Austin, and Sacramento.

Entering its 25th season, the MLS will also see two new clubs (Nashville SC and Inter Miami CF) make their debuts in 2020. The league hopes to have a Charlotte club in place by the 2021 season.

“We believe it’s a growing city on the rise,” Garber said, “and one that has got so much opportunity for us to be able to continue to expand our league.”


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: jabari young
Keywords: news, cnbc, companies, enters, franchise, award, city, stadium, final, league, group, tepper, mls, talks, teppers, garber, issues, charlotte, receive, remain


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Trade update, Toll Brothers earnings, impeachment watch: 3 things to watch for in the markets on Monday

Diego Perez works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida. President Donald Trump said on Thursday that trade talks with Beijing were going “very well.” Toll Brothers earningsWe’ll get a read on the housing market on Monday when home building company Toll Brothers reports fiscal fourth quarter earnings. Susquehanna Financial Group is expecting Toll Brothers to report earnings of $1.35 per share, compared to the $2.08 per share reported in the fourth quarter of 2018. Sha


Diego Perez works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida.
President Donald Trump said on Thursday that trade talks with Beijing were going “very well.”
Toll Brothers earningsWe’ll get a read on the housing market on Monday when home building company Toll Brothers reports fiscal fourth quarter earnings.
Susquehanna Financial Group is expecting Toll Brothers to report earnings of $1.35 per share, compared to the $2.08 per share reported in the fourth quarter of 2018.
Sha
Trade update, Toll Brothers earnings, impeachment watch: 3 things to watch for in the markets on Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, brothers, reported, markets, toll, impeachment, share, watch, update, susquehanna, fourth, things, earnings, trade, talks, quarter


Trade update, Toll Brothers earnings, impeachment watch: 3 things to watch for in the markets on Monday

Diego Perez works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida. Joe Raedle | Getty Images

Here are the most important things to know about Monday before you hit the door.

1. Trade update

Investors will be looking for clarity on the U.S.-China trade war on Monday after a volatile week of trade headlines. The world’s two largest economies are in talks to finalize a so-called phase one trade deal as 15% tariffs on billions of dollars in Chinese imports are set to kick in Dec. 15. Director of the White House National Economic Council Larry Kudlow said Friday the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms it wanted. President Donald Trump said on Thursday that trade talks with Beijing were going “very well.” However, the Wall Street Journal reported Thursday the two countries still haven’t reached a consensus on the amount of agriculture goods that China will purchase.

2. Toll Brothers earnings

We’ll get a read on the housing market on Monday when home building company Toll Brothers reports fiscal fourth quarter earnings. U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high. Susquehanna Financial Group is expecting Toll Brothers to report earnings of $1.35 per share, compared to the $2.08 per share reported in the fourth quarter of 2018. Susquehanna lowered its 2020 full year earnings estimate to $4.09 from $4.25 ahead of earnings. “Our downward estimate revisions in this preview continue to reflect our concern over the outlook for gross margin for the company in the coming fiscal year,” said Susquehanna analyst Jack Micenko in a note to clients on Friday. Shares of Toll Brothers have risen more than 11% in the last three months.

3. Impeachment hearing


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, brothers, reported, markets, toll, impeachment, share, watch, update, susquehanna, fourth, things, earnings, trade, talks, quarter


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US futures point to slightly higher open

U.S. stock index futures were slightly higher on Thursday. At around 02:15 a.m., Dow futures rose 27 points, indicating a positive open of more than 20 points. Futures on the S&P and Nasdaq were both slightly higher. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.” On the data front, the latest weekly jobless claims and international trade figures for October will be released at 8:30 a.m.


U.S. stock index futures were slightly higher on Thursday.
At around 02:15 a.m., Dow futures rose 27 points, indicating a positive open of more than 20 points.
Futures on the S&P and Nasdaq were both slightly higher.
President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”
On the data front, the latest weekly jobless claims and international trade figures for October will be released at 8:30 a.m.
US futures point to slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
Keywords: news, cnbc, companies, trade, report, goods, slightly, open, points, higher, talks, tariffs, latest, point, limited, futures


US futures point to slightly higher open

U.S. stock index futures were slightly higher on Thursday.

At around 02:15 a.m., Dow futures rose 27 points, indicating a positive open of more than 20 points. Futures on the S&P and Nasdaq were both slightly higher.

Market focus is largely attuned to global trade developments, following a media report suggesting the world’s two largest economies were on the cusp of signing a so-called “phase one” trade deal.

A Bloomberg report, which cited people familiar with U.S.-China trade talks, said both countries were inching closer to securing an agreement on the amount of tariffs that would be rolled back in a limited trade deal. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”

Market participants are closely monitoring the prospect of a limited trade agreement with 10 days to go before Washington is poised to impose even more tariffs on Chinese goods. Dec. 15 is the date when tariffs on another $156 billion in Chinese goods would go into effect.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

In corporate news, Toronto-Dominion Bank, Dollar General and Tiffany are among some of the companies scheduled to report earnings before the opening bell.

CrowdStrike, DocuSign and Okta are all set to report their latest quarterly figures after market close.

On the data front, the latest weekly jobless claims and international trade figures for October will be released at 8:30 a.m. ET. Factory orders for October will follow slightly later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
Keywords: news, cnbc, companies, trade, report, goods, slightly, open, points, higher, talks, tariffs, latest, point, limited, futures


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European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election. The statement comes after two-d


The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black.
Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler.
Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress.
However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.
The statement comes after two-d
European markets higher ahead of data and OPEC meeting; Moncler up 11% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Shares of the latter rose 11% in early deals.

Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. According to a Bloomberg report, citing people familiar with the talks, the two economies are moving closer on their first-phase deal. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.

Elsewhere, a joint statement by NATO leaders on Wednesday said that the transatlantic alliance will stand together against threats from Russia and China. The statement comes after two-days of intense meetings in the U.K., where members clashed over the organization’s role.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


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China gives little indication US trade talks are progressing

Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018. BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached. “China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of


Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018.
BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached.
“China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of
China gives little indication US trade talks are progressing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, commerce, gao, tariffs, china, ministry, feng, gives, spokesman, indication, talks, details, progressing, trade, provide, little, phaseone


China gives little indication US trade talks are progressing

Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018.

BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached.

“China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of his Mandarin-language remarks.

The comments reiterated the position Beijing has expressed in the last few weeks, since both countries indicated a rollback of tariffs would be part of a so-called phase-one agreement.

On Thursday, Gao noted both trade delegations remain in communication, but disclosed few additional details about the negotiations.

He did not provide a direct response when asked about China’s view on additional U.S. tariffs, which are set to take effect Dec. 15. Gao also did not provide details on the unreliable entities list. The commerce ministry raised the threat of such a designation in late May, shortly after U.S. President Donald Trump’s administration put Chinese telecommunications giant Huawei on a blacklist that effectively prevents it from buying from American suppliers.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, commerce, gao, tariffs, china, ministry, feng, gives, spokesman, indication, talks, details, progressing, trade, provide, little, phaseone


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Treasury yields little changed as investors await economic data, auctions

U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.” Market participants are closely monitoring


U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%.
President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”
Market participants are closely monitoring
Treasury yields little changed as investors await economic data, auctions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, uschina, auctions, yield, investors, yields, report, data, limited, talks, trade, changed, await, goods, little, economic, treasury


Treasury yields little changed as investors await economic data, auctions

U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%.

Market focus is largely attuned to global trade developments, following a media report suggesting the world’s two largest economies were on the cusp of signing a so-called “phase one” trade deal.

A Bloomberg report, which cited people familiar with U.S.-China trade talks, said both countries were inching closer to securing an agreement on the amount of tariffs that would be rolled back in a limited trade deal. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.”

Market participants are closely monitoring the prospect of a limited trade agreement with 10 days to go before Washington is poised to impose even more tariffs on Chinese goods. Dec. 15 is the date when tariffs on another $156 billion in Chinese goods would go into effect.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, uschina, auctions, yield, investors, yields, report, data, limited, talks, trade, changed, await, goods, little, economic, treasury


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If peace talks with Russia fail, ‘we’ll build a wall,’ Ukraine official says

Tensions between Ukraine and Russia rose on November 25, 2018 when Russian forces seized three Ukranian navy vessels and their crew. Ukraine imposed martial law for 30 days in 10 regions that border Russia, the Black Sea and the Azov Sea on November 28. LONDON — If peace talks between Ukraine and Russia go nowhere and the conditions of a cease-fire are not implemented, Kiev will consider building a wall along its borders with Russia, an aide to President Volodymyr Zelensky said Thursday. “Ukrain


Tensions between Ukraine and Russia rose on November 25, 2018 when Russian forces seized three Ukranian navy vessels and their crew.
Ukraine imposed martial law for 30 days in 10 regions that border Russia, the Black Sea and the Azov Sea on November 28.
LONDON — If peace talks between Ukraine and Russia go nowhere and the conditions of a cease-fire are not implemented, Kiev will consider building a wall along its borders with Russia, an aide to President Volodymyr Zelensky said Thursday.
“Ukrain
If peace talks with Russia fail, ‘we’ll build a wall,’ Ukraine official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: holly ellyatt
Keywords: news, cnbc, companies, minsk, official, ukraine, russia, plan, wall, talks, president, paris, implement, build, peaceful, peace, fail


If peace talks with Russia fail, 'we'll build a wall,' Ukraine official says

Ukrainian servicemen take part in brigade tactical exercises with combat shooting near Goncharivske willage, Chernihiv region, not far from the border with Russia on December 3, 2018. Tensions between Ukraine and Russia rose on November 25, 2018 when Russian forces seized three Ukranian navy vessels and their crew. Ukraine imposed martial law for 30 days in 10 regions that border Russia, the Black Sea and the Azov Sea on November 28.

LONDON — If peace talks between Ukraine and Russia go nowhere and the conditions of a cease-fire are not implemented, Kiev will consider building a wall along its borders with Russia, an aide to President Volodymyr Zelensky said Thursday.

“Ukraine will do everything in order to stop this war and achieve peace in a non-military, peaceful way. But certainly we do have a plan B,” Andriy Yermak, an aide to the president, told an audience at the Royal Institute of International Affairs in London.

“If we don’t see readiness from Russia to implement the Minsk Agreement or to move towards a peaceful solution with a clear cut time-frame, well in this case we’ll be building a wall,” he said.

The leaders of Russia and Ukraine are to meet in Paris on Monday in an attempt to find a peaceful resolution to the long-running conflict in the Donbass region in eastern Ukraine.

The meeting will also be attended by France’s President Emmanuel Macron and German Chancellor Angela Merkel who have previously tried to broker a peace deal between Russia and Ukraine.

Yermak said that Ukraine will attend the so-called “Normandy” format summit in Paris on Monday with goodwill, but that it would not wait “years” for Russia to implement the ‘”Minsk Agreements,” the name given to a cease-fire brokered in 2015 that had strict conditions attached.

Yermak added that he didn’t want to give any further details on Ukraine’s ‘”plan B” as the government would go to Paris “with the desire and willingness to negotiate.”

“But we won’t be wasting too much time if we see that Moscow is not willing to implement the Minsk Agreements. We are not going to wait for years and if so, we’ll go for plan B,” he said.

The aide, who like his boss Zelensky has a background in TV and film production, said that Ukraine would be looking to other countries who have built walls with their neighbors.

“We do have friends and we’ll be borrowing from their experience, first of all Israel, and in this scenario I’m afraid we’ll be living in a frozen conflict,” Yermak said.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: holly ellyatt
Keywords: news, cnbc, companies, minsk, official, ukraine, russia, plan, wall, talks, president, paris, implement, build, peaceful, peace, fail


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Veritas Genetics, the start-up that can sequence a human genome for less than $600, ceases US operations and is in talks with potential buyers

Veritas Genetics had big plans to lower the price of sequencing the human genome, making it on par with the price of buying an Apple Watch or a fancy dinner. The source asked not to be named because they were not authorized to speak for Veritas Genetics. “All of the customers outside of the U.S. will continue to be served by Veritas Europe and Latin America.” As a result, Veritas has also been in talks with potential acquirers in recent months, said the person. Veritas in November experienced a


Veritas Genetics had big plans to lower the price of sequencing the human genome, making it on par with the price of buying an Apple Watch or a fancy dinner.
The source asked not to be named because they were not authorized to speak for Veritas Genetics.
“All of the customers outside of the U.S. will continue to be served by Veritas Europe and Latin America.”
As a result, Veritas has also been in talks with potential acquirers in recent months, said the person.
Veritas in November experienced a
Veritas Genetics, the start-up that can sequence a human genome for less than $600, ceases US operations and is in talks with potential buyers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: christina farr
Keywords: news, cnbc, companies, companies, genome, sequencing, sequence, human, price, talks, operations, veritas, potential, startup, genetics, tests, company, customers, ceases


Veritas Genetics, the start-up that can sequence a human genome for less than $600, ceases US operations and is in talks with potential buyers

Veritas Genetics had big plans to lower the price of sequencing the human genome, making it on par with the price of buying an Apple Watch or a fancy dinner.

The company, which was the first in the world to map out a person’s DNA for less than $1,000 back in 2016, just shared with customers via email that it is ceasing operations in the U.S.

“Due to an unexpected adverse financing situation, we are being forced to suspend our operations in the U.S. for the time being,” the email, which was viewed by CNBC, reads. “We are currently assessing all paths forward, including strategic options.”

The company also laid off the bulk of its employees based in the U.S., about 50 people, earlier this week, according to a source familiar with the company. The source asked not to be named because they were not authorized to speak for Veritas Genetics.

“I can clarify this temporarily affects U.S. operations only,” a spokesperson for the company said. “All of the customers outside of the U.S. will continue to be served by Veritas Europe and Latin America.”

Veritas, which made this year’s CNBC Disruptor 50 list, hoped to expand to millions more consumers in the coming years by bringing down the price of whole genome sequencing to just a few hundred dollars. It raised more than $50 million in financing since it got its start in 2015.

But the company’s investors, including Simcere Pharmaceutical and Lilly Asia Ventures, are based in China, at a time when the Trump administration is cracking down on Chinese firms making investments in U.S. companies. Earlier this year, the Committee on Foreign Investment in the United States, or CFIUS, forced a health-tech company called PatientsLikeMe to find a buyer after ordering its Chinese owner to divest its stake. PatientsLikeMe eventually sold to UnitedHealth.

For Veritas, it meant that new investors who were interested in the business got skittish because of the potential for oversight from CFIUS, according to the person familiar with the company. As a result, Veritas has also been in talks with potential acquirers in recent months, said the person.

If Veritas is able to figure out a path forward, it hopes to be competitive with companies such as Ancestry and 23andMe by offering more information for about the same price. 23andMe has dabbled with offering sequencing to its customers, but currently provides only genotyping services, meaning it looks at specific parts of the genome which are known to be associated with a certain condition or trait.

While 23andMe and Ancestry primarily sell tests for people interested in their ancestral composition and wellness traits, Veritas has long stressed that it’s different because it provides potentially actionable insights into its users’ health.

Veritas’ decision to stop selling its tests in the U.S. comes as other consumer-facing DNA testing companies report that sales have slowed. One potential factor is that people have grown more concerned about protecting their privacy, especially in the wake of high-profile news events such as the Golden State Killer case. That stoked fears about whether individuals could be found and convicted for past crimes based on distant relatives’ DNA.

But for Veritas, which bills itself as more of a medical company, sales of its tests have been increasing since it dropped its price in July, according to the person familiar.

Veritas in November experienced a security breach that included some customer information, the start-up confirmed to Bloomberg. The company stressed that only a handful of people were affected.

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Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: christina farr
Keywords: news, cnbc, companies, companies, genome, sequencing, sequence, human, price, talks, operations, veritas, potential, startup, genetics, tests, company, customers, ceases


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