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Takeda-led Covid plasma treatment enters clinical trial with first patient

Takeda Pharmaceutical said an alliance of drugmakers it spearheads has enrolled its first patient in a global clinical trial of a blood plasma treatment for Covid-19 after months of regulatory delays

Asian markets to inch up as US economic stimulus talks restart

In energy markets, oil prices rallied on production shutdowns ahead of a storm in the US Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway

'Get Lost': Taiwan strongly reacts to China's note to Indian media

China's hackles were raised by advertisements placed in leading Indian newspapers by Taiwan's govt to mark the democratic, Chinese-claimed island's national day on Saturday

IBM to break up 109-year old firm to focus on high-margin cloud computing

IBM will list its IT infrastructure services unit, which provides services including technical support for data centers, as a separate company with a new name by the end of 2021

UK parliament committee accuse Huawei of 'collusion' with Beijing

The lawmakers said that UK operators might have to consider ripping out Huawei gear from their 5G networks by 2025, rather than 2027, if certain conditions change

Wall Street closes higher as Donald Trump boosts hopes of stimulus

Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further Covid-19 relief

Morgan Stanley to buy Eaton Vance for $7 bn in asset management push

Morgan Stanley's wealth management and investment management businesses already account for 40-50% of the bank's revenue

Paytm targets a million apps on its mini app store to take on Google

Paytm founder Vijay Shekhar Sharma called Google "judge, jury and executioner" after his app was temporarily removed from the Android app store last month

Denmark seeks talks on North Sea oil and gas after application withdrawn

Denmark has considered discontinuing the tender process because of the country's ambitious target of reducing greenhouse gas emissions by 70% by 2030.

Wall Street gains on stimulus bets as jobless claims remain high

The Dow Jones Industrial Average rose 45.40 points, or 0.16%, at the open to 28,348.86

Trump says Covid-19 aid talks have restarted, good chance for deal

The Republican president also said discussions include a second round of $1,200 direct payments to individuals.

US vice presidential debate reinforces concerns of policy deadlock

Mike Pence and his Democratic rival candidate Kamala Harris clashed over President Donald Trump's handling of the coronavirus pandemic, economic policy, law enforcement, and race relations

Europe buys 500,000 courses of Gilead's remdesivir amid supply worries

Several European countries have said they are experiencing shortages of the drug, whose global stock has been secured almost entirely by the United States

Worst recession in South Asia; millions falling into poverty: World Bank

India, the region's biggest economy, is likely to see its economy contract by 9.5% this year, the World Bank report said

JPMorgan Chase pledges $30 billion to address racial wealth gap

JPMorgan, the largest US bank by assets, earned $36.4 billion in profit last year

Citigroup fined $400 million, agrees to fix 'longstanding deficiencies'

Citi said it was disappointed to have fallen short of regulatory expectations and has "significant remediation projects" under way

AstraZeneca could profit from Covid-19 vaccine as early as July: Report

AstraZeneca could start profiting from its Covid-19 vaccine as soon as July next year, the Financial Times reported

Ex-Tesla executive Straubel aims to build world's top battery recycler

With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to "make a material impact on sustainability, at an industrial scale"

Chevron's deal with Noble Energy helps top Exxon Mobil m-cap for first time

Chevron's market value leapfrogged that of Exxon Mobil for the first time during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer

Asian shares to open higher on renewed US economic stimulus hopes

The Dow Jones Industrial Average rose 1.91%, the S&P 500 gained 1.74% and the Nasdaq Composite added 1.88%