George Washington is seen with printed medical mask on the one dollar banknote in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/IllustrationREALITY STARTS SETTING IN FOR EARNINGS. Around half the S&P 500 Index constituents have reported first-quarter earnings, including the start of the sharp downturn triggered by the coronavirus. Profit for the group in the period is set to drop nearly 15%, according to Refinitiv data.
IN IT TO WIN IT? AstraZeneca has struck a deal with Oxford University researchers to produce and distribute the latter’s potential Covid-19 vaccine. The treatment, developed by the Jenner Institute and Oxford Vaccine Group, is already being tested in England. Chief Executive Pascal Soriot reckons the Anglo-Swedish drugmaker could produce 100 million doses by year end.
Goldman has had bigger say-on-pay thwacks, as have peers. In 2016 its pay proposals garnered just 66% support. While Bank of America has polled above 90% since the financial crisis, Citigroup lost its non-binding vote as recently as 2012. JPMorgan, whose boss Jamie Dimon is the best paid of all, got just 72% support last year, leading it to tweak its incentives.
Revenue rose only 3%, though, a challenge for Twitter even before Covid-19 snapped shut wallets. It’s an opportunity, too, though: Dorsey, fresh from a fight with activist investor Elliott Management, needs to focus on the “m” in mDAU.
Breakingviews Great news:-) STICK IT TO THEM MR. PRESIDENT!!!!!!!! THESE SANCTUARY CITIES AND STATES ARE VIOLATING FEDERAL IMMIGRATION LAWS!!!!!! CAN’T WAIT TO SEE THE LOOK ON GOVERNOR GAVIN NEWSOM’S FACE WHEN FEDERAL FUNDING IS SLASHED:-) SAME SAME FOR NYC, LOL!Is Newsom getting a haircut
Breakingviews lolR 😷
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