Vaccine technology is the key, but can it be shared for free?
As U.S. stocks head into a seasonally rocky stretch, investors are gauging to what extent markets have anticipated a number of factors that could sway asset prices, from massive government stimulus to looming inflation.
British construction activity expanded quickly last month, almost matching the six-and-a-half-year record struck in March as a lifting of coronavirus lockdown measures boosted new orders, a survey showed on Friday. Overall the survey added to signs that the economy is on track for a swift rebound.
U.S. employers hired far fewer workers than expected in April, likely frustrated by labor shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government. Nonfarm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said in its closely watched employment report on Friday.
Demand for workers from British employers soared this month at the fastest rate since the late 1990s as much of the economy reopened following the latest coronavirus lockdown, a survey of recruitment consultants showed on Friday. While the labour market remains a long way from its pre-pandemic state, the Recruitment and Employment Confederation (REC) survey adds to signs that a swift recovery is underway, helped by Britain’s swift roll-out of COVID-19 vaccines.
U.S. support for waiving intellectual property rights on COVID-19 vaccines could be a tactic to convince drugmakers to back less drastic steps like sharing technology and expanding joint ventures to quickly boost global production. President Joe Biden on Wednesday supported a proposal to waive World Trade Organization intellectual property (IP) rules, which would allow poorer countries to produce vaccines for themselves. European Union leaders are divided over whether to follow Washington in supporting a waiver of patent rights to COVID-19 vaccines, as many argue this would take years and not address the immediate issue of making more shots to end the pandemic.
|U.S. Labor Secretary Marty Walsh’s move this week to block a rule making it easier to classify gig workers as independent contractors is just a first step in what is likely to be a long battle over how to delineate the rights of America’s growing gig army.|
|Tesla Inc told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the California Department of Motor Vehicles (DMV) showed.|
|McDonald’s benefited from the economic rebound that has lifted most consumer-focused businesses in the past few months. But the chain generated its own good luck, too, with major investments in the digital, delivery, and drive-thru channels sending customer satisfaction levels higher.|