US President Donald Trump speaks at an event honoring Bay of Pigs veterans in the East Room of the White House in Washington, DC on September 23, 2020. Mandel Ngan | AFP | Getty Images In his final days in office, former President Donald Trump pressured top Department of Justice officials to challenge his election […]
Stocks making the biggest moves in the premarket: Vroom, Ping Identity, Sage Therapeutics & more
Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom intends to offer $500 million in convertible senior notes due in 2026. The used-vehicle e-commerce platform provider plans to use the proceeds for a variety of corporate purposes as well as investing in or acquiring new technologies. Its shares […]
Online sign-up now available for advance child tax credit payments
The IRS opened an online site Monday that allows taxpayers who are not required to file a 2019 or 2020 individual income tax return to sign up to receive advance child tax credit (advance CTC) payments, which will begin July 15 (see IRS News Release IR-2021-129). The “Child Tax Credit Non-Filer Sign-Up Tool” (CTC tool) […]
Novavax says its Covid vaccine is 90% effective, plans to submit data to FDA in third quarter
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Biotech firm Novavax said Monday its Covid-19 vaccine was shown to be safe and 90.4% effective overall in a phase three […]
Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia’s $40 billion acquisition
Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Steve Marcus | Reuters U.S. chip goliath Qualcomm has said it is open to the idea of investing in U.K. chip […]
Israel bet banks billions for venture firm Insight as Monday.com and WalkMe go public
Monday.com celebrates its IPO at the Nasdaq, June 10, 2021. Source: Nasdaq In April, Insight Partners’ Jeff Horing hopped on a flight to Israel for a breakfast with tech CEOs. It was also an opportunity to pay a visit to his firm’s first international office, which had opened less than two years before. Now, CEOs […]
Depreciation Deductions Can Boost Your Tax Return
Small business owners want to take advantage of every tax break they qualify for. So, one deduction that should be on your radar is depreciating assets. Depreciation can provide valuable income tax deductions that save small business owners thousands of dollars each year. How depreciation works At tax time, the IRS will tax a business […]
Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit, the satellite-launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions […]
Southern states have a ‘real vulnerability’ to Delta Covid variant this summer, warns Dr. Peter Hotez
Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates. “I’m really holding my breath about the South and what happens over the summer,” said Hotez, co-director of the Center for Vaccine Development at […]
United Airlines says rising travel demand will spare flight attendants, thousands of others from furlough this fall
United was the first commercial airline to fly the first FDA-authorized Covid vaccines to the U.S. Source: United Airlines United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector expires this fall thanks to a rebound in travel demand. The recovery in bookings, led […]