Hints and tips:
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Here’s what Tricia Griffith, the chief executive officer of Progressive, told investors and analysts in the company’s first-quarter earnings call....
...This is the FDIC’s preferred playbook for closing banks. JPMorgan will pay $10.6bn to the regulator while the FDIC will provide JPMorgan with a $50bn five-year fixed-term loan....
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...At the time, Alzheimer’s research was considered a costly, hopeless cause and investors preferred companies to chase larger rewards in areas such as cancer....
...For progressives, the early days of the DeSantis administration were also earth-shaking....
...These workers pay taxes at a flat rate of 24 per cent on income up to €600,000 per year, and start-ups launching companies within Spain will pay 15 per cent — which works out to be less than the progressive...
...Top donors to Gottheimer included Tim Wentworth, president of both Express Scripts Holding Company, the pharmacy benefit manager, and Cigna, the health insurance company, as well as Tony James, executive...
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...The African Union will pay three times more for Russia’s Sputnik V jab than it is paying for the Oxford/AstraZeneca and Novavax vaccines, undermining Moscow’s claim that it is supplying poor countries with...
...I see no signs of a fast, V-shaped recovery in the advanced world. There will also be big changes from the acceleration of the digital and automation revolution....
...According to SEC filings, Elon Musk’s company is the $60bn hedge fund’s second largest holding, behind Bristol-Myers Squibb....
...CIB missed on lower EQ revenues, while Insurance & Corporate Center beat. Payments were line....
...Financials the key sector beneficiary: We are Overweight Banks and Insurance from a top-down strategy perspective....
...We recommend owning lower-risk companies or companies with catalysts that can drive share price performance. ......
...” ● Babcock gained after the UK’s Ministry of Defence named it as preferred bidder to build five frigates at its Rosyth dockyard in Scotland....
...(Reuters, FT) Renault-Nissan talks Renault aims to restart merger talks with Nissan within 12 months and then acquire another carmaker, with Fiat Chrysler among the preferred targets....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Simon French: The UK economy faces a real problem from the growing disincentives to be a publicly listed company....
...The incredible demand to buy into a Chinese company that does not yet have any clear products is just one sign that China's venture capital market is overheating (FT) Xerox v activist investors Xerox is...
...Higher payouts for claims at the car insurance company Geico were among the culprits, along with losses that Berkshire recorded as a result of its $10bn underwriting agreement with AIG....
...But the same watches will probably be available through other dealers on the site, no doubt at a discount to the brand’s preferred price....
...Mr Trump and his companies are seasoned consumer marketers....
...Among the many tradeoffs emphasised by economists are guns v butter, public v private, efficiency v equity, quality v quantity or cost and short-term v long-term performance....
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