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We start with the reddit fueled amateur trading frenzy. It has dominated this week. It has seen wild swings in shares hyped on Social Media Platforms the likes of gamestop and caused multibillion Dollar Losses for big wall Street Investors betting against them. Later today, us Treasury Secretary janet yellen will meet with the countrys financial regulators to discuss the issue. According to bloomberg news, one of the watchdogs, the securities and exchange commission, is now scouring social media posts for evidence of potential fraud. Certainly it appears that the regulators are certainly taking a look, as they have said publicly, you know, the recent market action. Its hard to say whether additional regulations would be written wired. Certainly, again, ....
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control a ....
For most companies, making a product for which theres guaranteed demand Around The World sounds too good to be true, but a successful covid 19 vaccine promises to be just that. One vaccine shot, or a couple as your first booster, is not going to provide lifetime immunity to the virus, so the manufacturers are set to reap the profits for years to come. Drug maker pfizer reports its earnings later today, the question is which of the drugs firms are going to come out on top, and how lucrative Will Making Vaccines actually turn out to be . Joining me now is Sunaina Sinha haldea, managing partner, cebile capital. Thank you for being on the program. First of all, pfizer, when it comes to its news today. This will obviously not have in todays earnings, profits it is going to make with this vaccine it has come up with thi ....
Weather systems around the world and as you can see it is steering weather systems in our including this frontal system here, sliding slowly eastward, bringing further out breaks of heavy rain particularly over high ground in southern scotland, Northern England and wales where we already have a lot of water flowing through the river catchments. As we go through thursday this band of rain will work eastwards and contained within this there will be a short and sharp burst of torrential downpours with some squally and gusty wind. Behind the rain things will brighten up with sunshine but it will turn colder from the north as the day wears on and we will see showers across Northern Ireland and scotland, even to lower levels at times and for the scottish mountains there are likely to be blizzard conditions because the wind will pick up again as we head towards the end of the da ....