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US calls for pause on J&J's Covid-19 vaccine after 6 clotting cases

The USFDA said one person had died from the rare blood clotting condition after taking the J&J vaccine and another was in a critical condition

Cipla doubles remdesivir production to meet 'unprecedented' demand

Just two months ago, Cipla had projected falling demand for remdesivir in India as coronavirus infections were on a steady decline.

Adani Ports removed from S&P index due to links with Myanmar military

S&P Dow Jones Indices on Tuesday said it had removed India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to its relationship with Myanmar's military

S&P 500, Nasdaq up as technology stocks rise after J&J vaccine pause

Technology and consumer discretionary sectors, which house high-flying technology names that tend to outperform during times of economic uncertainty, rose 0.6% and 0.4%, respectively.

S&P 500 opens nearly flat after strong inflation data; J&J slips

The S&P 500 opened nearly flat on Tuesday as data showed consumer prices increased by the most in more than 8-1/2 years in March

Toshiba activist investor Oasis unimpressed by CVC's $20 billion offer

U.S. hedge fund Farallon Capital Management has also asked Toshiba to seek multiple offers, but Oasis is the first to present what it considers a fair price.

Grab to unveil world's biggest SPAC merger, valued at nearly $40 bn: report

The deal for Grab, which was valued at just over $16 billion last year, will be a big win for its early backers such as SoftBank Group Corp and China's Didi Chuxing.

Britain offers all over-50s first Covid shots, Moderna rollout begins

Britain has offered shots to high-priority groups; PM Boris Johnson aims to offer all adults a shot by July-end

Oil prices climb on robust China data, Middle East tensions

Brent crude oil futures were up 37 cents

Gold retreats on firm dollar, yields; United States inflation data eyed

A stronger dollar pressures gold as the metal becomes expensive for buyers outside the United States

Bitcoin rallies to all-time high of $62,741 before landmark Coinbase IPO

Bitcoin is the world's biggest cryptocurrency

China warns online platform companies to halt anti-competitive practices

China's market regulator said on Tuesday it had warned nearly three dozen internet "platform" companies to stop using any banned practices

China exports rise at robust pace in Mar, imports growth highest in 4 years

Despite sporadic Covid-19 cases in China's border cities, authorities have been able to contain the virus in a boost to factory activity as production has gradually picked up to pre-pandemic levels

India becomes 60th nation to approve Sputnik V Covid-19 vaccine: Russia

Sputnik V, developed by Moscow's Gamaleya Institute, has proved 91.6% effective against Covid-19

Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators

Beijing-headquartered Waterdrop distributes insurance policies online and provides illness crowd-funding

Intel promises help for automakers as Biden works to fix chips shortage

The global chip shortage stems from a confluence of factors as carmakers, which shut plants during the Covid-19 pandemic last year

Microsoft doubles down on cloud healthcare business with $16 bn Nuance buy

The deal comes after the companies partnered in 2019 to automate clinical administrative work such as documentation

Microsoft buys AI firm Nuance Communications in $19.7-billion deal

With operations in 28 countries, the Burlington, Massachusetts-based company reported $1.5 billion in revenue in fiscal-year 2020

Oil price rises nearly 2% on US vaccine rollout, Middle East tension

Crude prices have remained rangebound in the past three weeks, as growing expectations of surging U.S. economic activity are balanced by the slow rate of vaccination in Europe

S&P 500, Dow ease from record levels; earnings results, data in focus

The S&P 500 technology sector fell the most among the 11 major S&P 500 sectors