Politics

Politics

Former NFL Player Burgess Owens Wins GOP Primary for US House Seat

A former professional football player won the Republican primary for Utahs 4th Congressional District, setting up a closely-watched race in November. Burgess Owens, 68, earned 43.5 percent of the vote, according to preliminary official results. The Associated Press called the race late Tuesday. Owens beat a field that included state Republican Rep. Kim Coleman. She garnered 23.8 percent of the vote. “I am so grateful for all the support weve received. Friends from across the country, countless hours from volunteers have united behind our message of the American Dream,” Owens said in a statement overnight. Owens played 10 years in the NFL after being selected in the first round of the 1973 NFL Draft. He won a championship with the Oakland Raiders in 1980. According to his campaign website, he supports the right to bear arms, opposes abortion, and wants to cut down on illegal immigration. Rep. Ben McAdams (D-Utah) in a 2018 file photograph. (Scott G Winterton/Deseret News, via AP,..

Politics

Pfizer and BioNTech shares jump as early data from coronavirus vaccine trial cheers investors

Shares in drugs titan Pfizer Inc (NYSE:PFE) surged on Wednesday in New York as did those of German group BioNTech (NASDAQ:BNTX) as the pair posted positive early-stage trial results for a vaccine against the deadly coronavirus (COVID-19). An ongoing collaborative Phase1/2 clinical trial in the US and involving 45 participants aged between 18 and 55 have received either 10, 30, or 100 microgram doses of the drug BNT162b1 vaccine or a placebo over 21 days. READ: Coronavirus: Whats happening in the labs of pharma companies worldwide[hhmc] It was reported that 24 people who received two doses of the vaccine had 'significantly elevated' antibodies within four weeks of the first injection. "These preliminary data are encouraging in that they provide an initial signal that BNT162b1 targeting the RBD SARS-CoV-2 is able to produce neutralizing antibody responses in humans at or above the levels observed in convalescent sera – and that it does so at relatively low dose levels. We lo..

Politics

FTSE 100 closes in red after volatile session as health fears weigh

FTSE 100 index closes in red Pfizer's vaccine shows early signs of efficacy US private payrolls increase by 2.2mln in June 5pm: FTSE closes down FTSE 100 index closed marginally lower on Wednesday after what was a volatile trading day. The UK's index of leading shares finished in the red to the tune of nearly 12 points, or 0.19%, to close at 6,157. However, the more domestic focused FTSE 250 added over 70 points to close at 17,189. "Stocks saw a lot of volatility today as health concerns weighed on sentiment in the morning, but the mood picked up on hopes of a Covid-19 vaccine," noted David Madden, analyst at CMC Markets. "The tick up in tensions in Hong Kong also contributed to the negative move. Beijing have introduced a controversial law that will give it more control over the former British Overseas Territory, and that could impact Chinas international relations," he added, Shares in drugs firms Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) ticked higher in New York..

Politics

Google and Facebook under fire as CMA calls for new rules to break tech monopolies

Tech platforms such as Alphabet Incs (NASDAQ:GOOG) Google and Facebook Inc (NASDAQ:FB) that rely on digital advertising to make money are facing renewed pressure on their market dominance after UK regulators called for new rules to boost competition in the sector. On Wednesday, the Competition and Markets Authority (CMA) said existing laws were “not suitable to effective regulation” and a new “pro-competition regulatory regime” was needed to govern the platforms. READ: Google faces multi-billion dollar lawsuit for monitoring private internet usage[hhmc] The watchdog pointed out that of the £14bn spent on digital advertising in the UK in 2019, 80% of this was earned by Google and Facebook, with the former also controlling more than 90% of the £7.3bn search advertising market in the UK. “While both [platforms] originally grew by offering better services than the main platforms in the market at the time, the CMA is concerned that they have developed such unassailable market positions t..

Politics

Keir Starmer p***** off with Jeremy Corbyn over Brexit

It emerged in September 2018 that Sir Keir Starmer, then Shadow Brexit Secretary, was pushed to the brink of resignation amid growing disputes with Jeremy Corbyn. Senior Labour Party sources told the Guardian that there had been a big row between the two prominent figures in the party. The party’s Brexit policy had evolved in the 18 months prior to the argument as Labour struggled with holding on to both Remain and Leave supporting voters. Changes to the policy had been undertaken after painstaking negotiations between key players at the top of the party, the most fraught of which came at a stormy meeting of the “Brexit subcommittee” in 2018. Mr Corbyns close allies ambushed Sir Keir with a paper which shelved the decision on joining a customs union, a policy he had been pushing privately for weeks, the Guardian reported. Several people present at the meeting told the Guardian the general feeling in the room was that Sir Keir was willing to resign rather than accept the proposals, nu..

Politics

New deal signed cementing global role outside EU

In a fresh boost for British prospects outside the EU, the Chancellor and his Swiss counterpart Ueli Maurer signed a joint commitment to work on a new international financial services agreement. Treasury officials said the move – seeking to reduce costs and trade barriers – showed the Governments ambition for the UK to cement its role as an international financial centre once fully independent of Brussels next year. Mr Sunak said: “The UKs financial sector is integral to the success of the British economy, creating jobs, driving regional growth, and contributing taxes that pay for essential public services. “Leaving the EU means we are now free to chart our own course, driven by our clear values as a financial centre: a safe and transparent place to do business, innovative markets that drive change for the better, and openness to the whole world. “Today’s agreement is about our vision of the world economy as open, global and free – a vision shared by Switzerland, with our long histo..

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Theresa May slams appointment of David Frost to senior security role

FURIOUS Theresa May hit out after the PM’s national security adviser was replaced by the Brexit chief in a Downing Street power battle. The fuming ex-prime minister said David Frost had “no proven expertise” to take on a job so pivotal in keeping the country safe. Mr Frost replaces chief civil servant Sir Mark Sedwill, ousted amid claims mandarins are being driven out in a radical Whitehall overhaul. Normally restrained Theresa May was unable to hide her anger during a Commons clash with Cabinet minister Michael Gove yesterday. [contfnewc] Theresa May said: “I served on the National Security Council for nine years. During that time I listened to the expert independent advice from national security advisers.” She pointed out Mr Gove had talked of promoting people “with proven expertise” and demanded: “Why then is the new national security adviser a political appointee with no proven expertise in national security?” Sir Mark is also stepping down as Cabinet Secretary and head of the..

Politics

Gun Rights Activist Lauren Boebert Upsets Congressman in Colorado Primary

Political newcomer Lauren Boebert, who gained fame after confronting Beto ORourke over his stance on guns last year, beat U.S. Rep. Scott Tipton (R-Colo.) in a primary on Tuesday. Boebert had a lead of nearly 10,000 votes with most precincts reporting. “Our freedom and our constitutional rights are on the ballot this November and Republicans just sent a loud and clear message that they want me there to fight for them,” Boebert said in a statement after the win. “I joined this race because thousands of ordinary Americans just like me are fed up with politics as usual. Colorado deserves a fighter who will stand up for freedom, who believes in America and who is willing to take on all the left-wing lunatics who are trying so hard to ruin our country,” she added. Tipton, who has been in office for five terms, said Republicans chose who they wanted to run against Democrats in November. “I want to congratulate Lauren Boebert and wish her and her supporters well,” he added in a statement..

Politics

Circle Property making progress with portfolio

What it does Circle Property's strategy is to identify under-utilised office buildings and rejuvenate them to boost the underlying value and rental income. The sweet spot is properties worth between £5mln and £15mln or that are too small for institutional funds and too large for most private investors. About 94% of the portfolio is regional offices, a property sub-sector that has been one of UKs performers in recent years. There is a minimum total return target of 12% on acquisitions and 20% on development projects. Circle is not a REIT, so it is not obliged to return rental profits to shareholders, something that gives it the financial flexibility to acquire and renovate. How it's doing In a year-end statement in April, the company said its investment and development portfolio was independently valued at £139.5mln at the end of March, up from £124.6mln a year earlier. Net asset value (NAV) per share of 290p was up 4.7% versus a share price at the time of 170p. At the..

Politics

Ariana Resources rises after buyer formally commits for asset acquisitions

Ariana Resources PLC (LON:AAU) added 11% to 4.32p in the early afternoon after Özaltin formally committed to buy 53% of both the Salinbas project and the Zenit Madencilik joint venture. The AIM-listed miner will receive half of the US$50mln set for Zenit, with the other half going to its partner Proccea Construction. Turkish firm Özaltin will initially pay US$5mln for the Salinbas project and will inject a further US$8mln of equity to acquire 53% of it. 12.15pm: MS International slips after swinging to a loss MS International plc (LON:MSI) slipped 8% to 119p at noon after swinging to a full-year loss due to lower trading amid travel restrictions during the pandemic. In the year to April 30, the engineering products manufacturer posted loss before tax of £3mln from £4mln profit in the previous period. However, as lockdowns are being lifted, the AIM-listed firm has seen signs of recovery. 11.10am: Cadence Minerals higher after joint venture partner deemed eligible for Finnish state..

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