U.S. markets open in 2 hours 21 minutes

  • S&P Futures

    3,804.00
    -12.75 (-0.33%)
     

  • Dow Futures

    31,166.00
    -70.00 (-0.22%)
     

  • Nasdaq Futures

    12,637.00
    -44.75 (-0.35%)
     

  • Russell 2000 Futures

    2,192.40
    -13.40 (-0.61%)
     

  • Crude Oil

    61.33
    +0.05 (+0.08%)
     

  • Gold

    1,714.00
    -1.80 (-0.10%)
     

  • Silver

    26.02
    -0.37 (-1.39%)
     

  • EUR/USD

    1.2042
    -0.0025 (-0.20%)
     

  • 10-Yr Bond

    1.4700
    0.0000 (0.00%)
     

  • Vix

    27.00
    +2.90 (+12.03%)
     

  • GBP/USD

    1.3937
    -0.0016 (-0.11%)
     

  • USD/JPY

    107.3420
    +0.3400 (+0.32%)
     

  • BTC-USD

    49,342.67
    -2,284.86 (-4.43%)
     

  • CMC Crypto 200

    988.99
    +1.78 (+0.18%)
     

  • FTSE 100

    6,609.77
    -65.70 (-0.98%)
     

  • Nikkei 225

    28,930.11
    -628.99 (-2.13%)
     
COMING UP:

Another 750,000 Americans likely filed new unemployment claims for week ended Feb. 27

Check back for results at 8:30 a.m. ET

SupplyHouse.com Adds over 800 ABB Electrical Products to their Website

·2 min read

MELVILLE, N.Y., March 4, 2021 /PRNewswire/ -- SupplyHouse.com, a leading e-commerce company that sells plumbing, HVAC, and electrical supplies added a major electrical brand, ABB, to their website. Customers can now purchase products from ABB's 8 sub-brands including:

  • Steel City - floor boxes, covers, and fittings for electrical construction

  • Red Dot - weatherproof boxes and covers, and conduit bodies

  • Carlon - non-metallic boxes, conduit bodies, and fittings

  • Superstrut - strut accessories, fittings, and hardware

  • Blackburn - overhead grounding, mechanical, and compression connectors

  • Sta-Kon - wire terminals, splices, wire joints, disconnects, and ferrules

  • Ty-Rap - cable ties and accessories

  • Thomas&Betts - fittings

SupplyHouse.com is always thinking of ways to better provide for their customers so adding ABB products was a no-brainer. "We receive a lot of feedback from our TradeMaster customers asking us to add more electrical products to our site, in fact - it's the most common suggestion we get," explained Yair Vichman, Product Catalog Manager at SupplyHouse.com. "It's been great to be able to listen and receive their feedback to improve our service and customer experience. As a result, we decided to add these brands to our website to better diversify our electrical inventory," he continued.

Since January 7th, the SupplyHouse.com data team has added over 800 electrical items to their site, expanding their electrical supply by 12.7%. The company now offers over 7,000 different electrical products in addition to their plumbing and HVAC supplies. In total, the company has over 180,000 products in inventory making the site a one-stop-shop for all trade professionals.

About SupplyHouse.com

SupplyHouse.com is an e-commerce company that focuses on providing excellent customer service in the plumbing, heating, and HVAC industry. SupplyHouse.com has a total of 560 employees across its four locations in Nevada, New Jersey, New York, Ohio, and soon Texas. With its core values and unique company culture, SupplyHouse.com strives to make a positive impact on its customers, employees, and the greater community.

SupplyHouse.com Real People, Real Service
SupplyHouse.com Real People, Real Service
Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/supplyhousecom-adds-over-800-abb-electrical-products-to-their-website-301239787.html

SOURCE SupplyHouse.com

Recommended Stories

  • Exxon and Macquarie in $11.7 million U.S. lawsuit over gas contract

    Exxon Mobil Corp is suing Australia's Macquarie Energy in a Texas court in a $11.7 million lawsuit over missed deliveries during last month's winter freeze in the central United States. The lawsuit filed by Exxon's natural gas business said the massive storm and state declarations of emergencies prevented it from fulfilling its supply commitment to Macquarie Energy, the second largest U.S. gas marketer.

  • China’s $1 Trillion Wealth Fund Gains 12% in ‘Unusual Year’

    (Bloomberg) -- China Investment Corp. posted a return of more than 12% on overseas investments in 2020 after markets rallied on loose monetary policies, marking a breakout year for China’s $1 trillion sovereign wealth fund.The unaudited returns bring the Beijing-based fund’s 10-year rolling average to more than 6.6%, beating its target. Executive Vice President Zhao Haiying expects calmer markets this year even as policy makers try to stimulate growth without spurring runaway inflation.“2020 was a very unusual year,” Zhao, also a member of the Chinese People’s Political Consultative Conference, said in an interview before the top advisory body convenes for its annual meetings in Beijing.CIC stuck to its position as a long-term investor despite market gyrations, Zhao said. “We withstood the test of strong winds and waves, and delivered relatively good returns.”The company will maintain its strategy of increasing alternative and direct investments to 50% of its global portfolio before the end of 2022. It moved closer to that target last year even after such assets’ contribution dropped in 2019 as stocks rallied, she said, without providing details.“Last year was a test to us in terms of both portfolio returns and investment management, but it turned out quite well,” Zhao said.CIC adjusted its allocation by “overweighting” technology stocks and Asian companies, Zhao said. The MSCI World Index rose 14% in 2020 after recovering from steep declines earlier in the year.The company revamped its investment committees earlier this year, forming two new bodies to oversee investments in public and non-public assets, Bloomberg reported in January. The move was meant to improve decision-making efficiency, deepen cooperation across teams and better implement asset allocation strategies for the entire company, “so that everybody is on the same page,” Zhao said.Alternative AssetsWhile CIC is seeking to beef up alternative assets for their stable long-term returns, those investments fell by 2 percentage points to about 42% in 2019 as stock and bonds rallied. The measure climbed again last year, and the company committed a record amount of capital in private deals, including private equity and credit, heralding further increases, Zhao said. She declined to give details because the company has yet to release its 2020 annual report.As global markets emerge from the pandemic-wrought crisis, governments should pay more attention to their policies’ long-term impact on economic productivity, even though stimulus packages help relieve consumer pain and tide companies over, said Zhao, who’s also the fund’s chief strategy officer.“We believe the markets this year, overall, will be relatively stable for investors,” Zhao said. “But policy makers face major challenges this year and next” with limited room for adjustments amid already high long-term debts and low interest rates.Loose monetary policies have spurred market rallies in developed countries like the U.S. Zhao cautions that valuations need to be supported by economic growth and corporate earnings in the long run. “Adding stimulus alone won’t be enough,” she said.Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said this week he’s “very worried” about risks emerging from bubbles in global financial markets and the nation’s property sector. Bubbles in U.S. and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and may face corrections “sooner or later,” he said.Global leaders should also enhance mutual trust and cooperation on issues from climate change to fighting Covid-19, Zhao said. “The global economy remains fragile and can’t afford miscalculations.”Bilateral FundsCIC also made more progress with its bilateral funds, a bid to forge stronger ties with partners to tackle rising protectionism. Four joint funds, launched respectively with counterparts in Italy, France, Japan and the U.K., all completed their first fundraising rounds last year and made a total of eight deals, Zhao said.Set up in 2007 to manage part of China’s foreign exchange reserves, CIC can’t make deals inside the country itself. But it can still benefit from the growth in the world’s second largest economy by investing in overseas-listed Chinese companies and non-Chinese assets that target the Chinese market or trade with China, Zhao said.One of the companies invested by the China-US Industrial Cooperation Fund, which CIC has contributed funding to, witnessed high growth in China last year as the pandemic depressed sales elsewhere, in another example of “how China can contribute to global growth,” she added.Despite the bilateral tensions between China and the U.S., the fund, started in 2017, has made two deals after raising $2.5 billion, with the second investment done last year in a U.S. manufacturing firm, she said, declining to disclose more details.(Updates with details about CIC’s bilateral funds in 15th graph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Sands to Sell Vegas Hotels to Apollo, Vici for $6.25 Billion

    (Bloomberg) -- Las Vegas Sands Corp., the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc. and Vici Properties Inc. for $6.25 billion, refocusing the company on its successful Asian resorts and other potential opportunities in the U.S.Apollo will run the properties, which will be owned by Vici, a real estate investment trust, the companies said in a statement Wednesday. The Venetian, Palazzo and related convention facilities in Vegas contributed less than 15% of the company’s revenue in 2019, before the coronavirus pandemic hit.Sands rose as much as 2.8% to $66.77 in New York trading, while Apollo gained 2% to $50.90 and Vici was up 2.3% to $29.12. Sands China Ltd. shares were little changed as of 10 a.m. in Hong Kong.Sands signaled last year that it no longer viewed Las Vegas, its home turf, as a priority when it tapped advisers to solicit interest in the properties. The company has identified over $5 billion in capital spending plans at its resorts over the next five years, most of it focused on Macau and Singapore, which generated 85% of its revenue in 2019.“This company is focused on growth, and we see meaningful opportunities on a variety of fronts,” Sands Chief Executive Officer Robert Goldstein said in the statement. “Asia remains the backbone of this company and our developments in Macau and Singapore are the center of our attention.”The company is also weighing a role in the fast-growing field of online gaming, something its late founder, Sheldon Adelson, shunned on moral grounds. Adelson died in January.Apollo, a private equity giant, is betting on a fast comeback for America’s gambling mecca as the pandemic plays out. It’s planning to market the high-end resort more specifically to gamblers and offer consumer tie-ins through some of the other companies in its portfolio. Also, the resort could serve as a focal point for the fast-growing business of sports betting in the U.S.The investment “underscores our conviction in a strong recovery for Las Vegas as vaccines usher in a reopening of leisure and travel in the United States and across the world,” Apollo Partner Alex van Hoek said in a statement.Apollo has made a number of investments in gambling businesses recently, including Great Canadian Gaming Corp., one of that country’s largest casino companies, and European lottery operator Sazka Group.Apollo, along with TPG, was also the owner for a number of years of Caesars Entertainment Corp., which the firms took private in a $30.7 billion leveraged buyout at the top of the market in 2008. The company struggled for years under its debt load before the investors sold out. Vici was spun off to Caesars debt holders in a restructuring.Seller FinancingUnder the terms of the deal, funds affiliated with Apollo will acquire the operating assets and liabilities of the Las Vegas business for about $2.25 billion, including $1.2 billion in seller financing. Vici will purchase the real estate and related assets of the Venetian for about $4 billion in cash.The sale of the Vegas properties would mark Sands’ exit, for now, from the U.S. gambling industry. The Venetian, Palazzo and Sands Expo Convention Center are all connected along the city’s famous Strip. However, they were already a small and shrinking part of the company, and the Las Vegas convention business has been particularly hard hit by the coronavirus and related restrictions on large gatherings.The money from a sale could allow the company to fund other development opportunities. Sands dropped out of the competition to build a casino in Japan last year due to terms that executives described as unfavorable. But the company has expressed interest in building in New York, which may consider an increase in the number of casinos it allows. Texas is considered another potential growth market, although some prominent legislators there have repeatedly signaled their opposition to casino legalization.Sands is the only major U.S. operator without a nationally focused online or sports betting business. Goldstein, its CEO, has been holding talks with potential partners, something that could be more of a focus with the cash proceeds from the sale.Keeping HeadquartersSands intends to keep its corporate headquarters in Las Vegas. The Adelson family, now led by Sheldon’s widow, Miriam, will also maintain a presence through their ownership of the city’s largest newspaper, the Las Vegas Review-Journal. Miriam’s son-in-law, Patrick Dumont, is the president of Sands.The company may consider resuming its dividend, stock buybacks and debt retirements, particularly once its business in Asia picks up. Sands is financing $1.2 billion of Apollo’s purchase price with a six-year note that begins at 1.5% interest and rises to 4.25% after three years, according to people familiar with the terms.Goldman Sachs Group Inc. acted as financial adviser to Las Vegas Sands in the latest deal. Skadden, Arps, Slate, Meagher & Flom LLP served as legal adviser.Sheldon Adelson was a big believer in the concept of resorts that linked meeting space for business travelers with casinos. A lifelong entrepreneur who made his first serious fortune in the trade-show business, he built the Sands convention center and its connected hotels, later copying the formula overseas. But he was also capable of parting ways with his developments, as he did in the past with the Venetian’s Grand Canal Shoppes in Las Vegas and a casino in Pennsylvania.The current deal will “pay tribute to Mr. Adelson’s legacy while starting a new chapter in this company’s history,” Goldstein said.(Updates with China Sands shares in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Australia Plans to Loosen China’s Grip on Minerals Supply Chain

    (Bloomberg) -- Australia wants to leverage off its position as a top mineral producer by boosting processing and manufacturing, part of a plan to challenge China’s dominance in the supply of products key to the clean-energy transition.The government unveiled a 10-year road map on Thursday that includes A$1.3 billion ($1 billion) of funding to help businesses capitalize on the country’s abundant natural resources and exploit opportunities in a de-carbonizing world. It encourages growth in high-value products like batteries and solar cells, as well as technologies and equipment that make mining safer and more efficient.The Modern Manufacturing Initiative comes as the U.S. and Japan look to cut their dependence on China for minerals that are vital to many manufacturing sectors. Australia is the top exporter of lithium, a key component in batteries, and is also a major source of rare earths. Beijing is reviewing its rare earths policy and there are signs it may ban the export of refining technology to nations or firms that it deems are a threat to state security.See also: Biden’s Hopes for Rare Earth Independence at Least a Decade Away“It’s a sovereign and strategic priority for Australia to ensure that we are hard-wired into this supply chain around the world,” Prime Minister Scott Morrison said at a media briefing following the announcement. It has to be “a supply chain that Australia and our partners can rely on, because these rare earths and critical minerals are what pull together the technology that we will be relying on into the future,” he said.Lynas Rare Earths Ltd. currently sends rare earths from its operations in Australia to Malaysia for processing, but has plans to build a facility close to its Mt. Weld mine in the country’s west. Lynas’ rival Iluka Resources Ltd. is also assessing options to build processing capacity. Energy Renaissance, meanwhile, and other companies are looking to establish a domestic battery manufacturing industry on Australia’s east coast.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Galaxy Digital, CoinShares Back Bitcoin Mining Intermediary Startup

    Compass raised $1.7 million from a cadre of cryptocurrency businesses and investors.

  • European Stocks Steady as U.K. Budget Winners Boost FTSE 100

    (Bloomberg) -- European equities were little changed as investors rotated into cyclicals and out of defensive shares, while some U.K. firms and sectors rose following the country’s budget.The Stoxx Europe 600 Index closed up less than 0.1%, as gains for carmakers and travel shares offset declines in utilities and health-care shares. The FTSE 100 rallied 0.9% after Britain’s spring budget. U.K. homebuilders climbed after the government confirmed support measures, while Diageo Plc advanced as a planned increase in alcohol duties was canceled in the announcement.Equities in Europe have had a bumpy start to 2021, with a vaccination-driven rally peaking in mid-February. Since then, spiking yields in U.S. treasuries and German bunds have damped investors’ appetite for stocks, particularly weighing on so-called bond-proxy haven sectors.“Markets are transitioning to a more robust and mature phase of the recovery trade,” according to Barclays Plc strategists led by Emmanuel Cau. They expect European stocks to continue to catch up with U.S. peers, because cheaper value shares and non-U.S. equities stand to benefit from rising growth and inflation expectations.Automotive stocks accounted for most of the day’s top performers, buoyed by overall cyclical strength, while UBS Group AG analyst upgrades additionally boosted Renault SA and Continental AG. British insurer Hiscox Ltd. trailed the pack, having scrapped its dividend amid worse-than-expected gross written premiums.You want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • GBP/USD Price Forecast – British Pound Gives Up Early Gains

    The British pound rallied a bit on Wednesday to peak above the 1.40 level early but have pulled back just a bit as we calm down ahead of the jobs number.

  • EUR/USD Mid-Session Technical Analysis for March 3, 2021

    The early price action suggests the direction of the EUR/USD into the close on Wednesday will be determined by trader reaction to 1.2074 and 1.2118.

  • Deutsche Bank’s DWS Rolls Out New Hierarchy, Scraps Job Titles

    (Bloomberg) -- Deutsche Bank AG’s asset manager is scrapping the role of managing director as it looks to flatten hierarchies and link career progression to performance instead of tenure.DWS Group on Wednesday replaced all corporate titles with functional role descriptions, Executive Office Head Bjoern Pietsch, one of the leaders of the project, said in a telephone interview.The roll-out coincided with the announcement of individual bonuses at DWS and Deutsche Bank. This year’s pool at DWS is about as big as last year’s, according to people familiar with the asset manager’s plans.DWS’s pretax profit rose 16% last year despite declining revenue as the business continued to cut costs. It paid out 200 million euros in bonuses to staff in 2020 for their performance in the previous year.DWS first announced its decision to eliminate corporate titles in late 2019 but the pandemic slowed down implementation, Pietsch said, adding that other financial services companies have reached out to learn about the policy.Scrapping corporate titles can increase transparency about an employee’s role and may be a better fit when responsibilities shift quickly, Nicole Fischer, Director, Talent and Rewards at Willis Towers Watson Germany, said by email.However, titles remain standard industry practice and help clients gauge an employee’s seniority, she said. She declined to comment on DWS specifically.“Functional leadership is better than hierarchical leadership,” said Matthias Scheiff, senior partner at executive search firm Russell Reynolds Associates. “It’s good to eliminate the barriers.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • SPAC Boom and SoftBank’s Mega-Rally Boost Masayoshi Son’s Billions

    (Bloomberg) -- Few fortunes are as volatile as Masayoshi Son’s.The SoftBank Group Corp. founder was briefly richer than Bill Gates at the start of the century before tech stocks crashed. In March 2020, as markets sank under Covid-19 and questions swirled over SoftBank’s investments, his wealth dipped to $8.4 billion, the lowest since 2016.Less than a year later, Japan’s second-richest person has more than quadrupled his fortune to $38 billion, according to the Bloomberg Billionaires Index, hitting the highest level since Bloomberg started tracking billionaire wealth in 2012.The surge is closely tied to the rally in SoftBank shares, which represent more than 95% of his net worth and have climbed almost fourfold from a low at the worst of the pandemic-fueled selloff. The Vision Fund -- the world’s largest investment pool for tech startups -- posted its best quarterly profit, while SoftBank sold assets, bought back stock and settled a legal dispute with WeWork Cos. It’s also gathered supporters along the way, with Paul Singer’s Elliott Management Corp. disclosing last year it took a stake as the stock was undervalued.“SoftBank’s current major assets have huge cashflow and will continue to grow,” said Thomas Hayes, chairman of Great Hill Capital. “If he balances his harvesting of winners, with appropriately timed share repurchases, he will avoid a repeat of 2000, even if tech stocks moderate.”SoftBank’s fate has been deeply intertwined with its founder, to the point the relationship recently raised corporate-governance concerns. Son, who’s also chairman and chief executive officer, is personally invested in a unit that poured about $20 billion into tech stocks and derivatives. The 63-year-old, who owns one-third of that division and has denied there was a conflict of interest, said the program was a way to put SoftBank’s cash pile to use.To amplify his leverage, Son uses a common tactic among the ultra-rich -- borrowing against his stock. He just does it much more than most other billionaires.Recently, though, he’s trimmed his pledges as shares of the Japanese giant have become more valuable. Son had committed about one-third of his stake in SoftBank to more than 16 financial institutions as of Feb. 9, down from 38% in September, according to regulatory filings. That still represents about $18 billion -- one of the highest figures among the 500 richest people in the world. The pledges are used as collateral for loans, whose size could be smaller than the value of the committed shares given the recent rally. Bloomberg doesn’t include the value of pledged stock in net-worth calculations.A representative for SoftBank declined to comment for this story.After closing at an all-time high on Wednesday, SoftBank shares slipped 5.3% Thursday amid a decline in the broader stock market. Its Vision Fund last month posted a record profit for the final quarter of 2020, thanks to a boost in the value of its stakes in newly-listed firms including food-delivery service DoorDash Inc. and Chinese online property agent platform KE Holdings Inc.“Since the Vision Fund launched, the number of golden eggs is in accelerating mode,” Son said at a briefing last month. “We are finally in the harvesting stage.”Some 15 companies have gone public from the Vision Fund, and SoftBank may see between 10 and 20 listings a year from its portfolio of 164 startups, he said. Coupang Inc., a South Korean e-commerce giant, is seeking a U.S. IPO and could be valued at more than $50 billion. Compass Inc., one of the largest U.S. real estate brokerages, has filed for a listing, and Chinese truck startup Full Truck Alliance could go public this year. SoftBank has also joined the SPAC bandwagon with plans for several blank-check companies.SoftBank has also had its share of troubles. The Vision Fund has written down its $1.5 billion holding in Greensill Capital and is considering dropping the valuation to near zero, people familiar with the matter have said. At its worst point last year, investors questioned several of SoftBank’s investments, including WeWork, whose IPO spectacularly imploded.The turnaround has been rapid. In addition to improving the outlook for the startups in the Vision Fund, the rally in tech stocks helped boost the value of SoftBank’s stakes in publicly traded firms like Uber Technologies Inc. The Japanese conglomerate also just settled a lawsuit with WeWork and its co-founder, Adam Neumann, paving the way for another attempt at a potential listing of the office-sharing company.“SoftBank Group may expedite its second attempt to list WeWork,” Anthea Lai, a senior analyst at Bloomberg Intelligence, wrote in a March 1 note. “The additional stake should tighten SoftBank’s control and facilitate potential merger talks with special purpose acquisition companies.”(Updates with stock move in 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • What Is a Certified Pension Consultant (CPC)?

    Earning the certified pension consultant (CPC) designation demonstrates that an employee benefits professional has mastered the ability to plan, set up, manage and maintain company-sponsored retirement plans. CPC holders may work as insurance agents, financial planners, pension actuaries or company … Continue reading → The post What Is a Certified Pension Consultant (CPC)? appeared first on SmartAsset Blog.

  • Why UK finance minister Rishi Sunak put a “super-deduction” in his budget

    British companies are sitting on mountains of cash, stockpiled through the uncertainty of Brexit and the pandemic. Sunak wants them to spend it.

  • Nordstrom warns of task to dispose excess holiday merchandise

    Although some of the merchandise did not reach the shelves on time, the upscale department store chain reported a smaller-than-expected fall in quarterly revenue powered by online sales and its off-price business. Nordstrom's focus on e-commerce, as consumers shift to shopping online in the wake of the health crisis, and the growth of its off price channel helped it bring in sales even amid restrictions. Nordstrom expects some pressure in gross margin as it aligns inventory in its first quarter, the time it expects its off-price Rack stores to return to normal inventory levels.

  • Novavax Partners With Poland's Mabion For COVID-19 Vaccine Production: Bloomberg

    Poland-based biotech firm Mabion has signed a preliminary agreement to manufacture Novavax Inc's (NASDAQ: NVAX) COVID-19 vaccine, reports Bloomberg. The polish company will get 40 million zlotys ($11 million) in loans and equity from a state-run fund to support doubling its production capacity in Poland. Mabion will start commercial-scale production trials of Novavax shot. European Union countries such as Poland have struggled to secure supplies of COVID-19 vaccines sourced by Brussels, leading some to step up their efforts. It has also secured eight million doses of Novavax's vaccine as part of EU joint purchases. The vaccine is yet to be approved by EU regulators. Mabion said it expects the technology transfer and verification to be complete by the middle of 2021. The country had to slow the pace of its vaccinations earlier this year due to supply shortfalls. Faced with a renewed surge in virus cases, Poland is now considering buying doses from China. Price Action: NVAX shares are down 3.6% at $198.6 in market trading hours on the last check Wednesday. See more from BenzingaClick here for options trades from BenzingaEU Considers Emergency Approvals To Boost COVID-19 Vaccine Rollout: ReutersEuropean Officials Seek To Garner Support For AstraZeneca COVID-19 Shot: CNBC© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Unions fear huge job losses as 'saviour of steel' hits crisis

    Unions fear for 5,000 jobs in UK steel and engineering as owner Sanjeev Gupta hits financial crisis.

  • GBP/USD Price Forecast – British Pound Finding Support

    The British pound initially fell a bit during the trading session on Tuesday but found buyers underneath the 1.39 level to turn around and rally.

  • China's Ant seeks to ease staff concerns about selling company's shares

    China's Ant Group is working on measures to help staff with "short-term liquidity problems", its executive chairman said in internal messages, after the halting of the fintech giant's $37 billion IPO dashed employees' hopes of cashing in their shares. The listing of the affiliate of Chinese e-commerce giant Alibaba Group Holding last November would have made some of the company's employees millionaires or billionaires. Eric Jing told Ant employees last week that the company would review its staff incentive programmes and roll out some measures starting from April to help solve their financial problems, according to two people who have seen the messages.

  • Kaepernick-Backed Social Justice SPAC Underwhelms in Debut

    (Bloomberg) -- Mission Advancement Corp., a company co-sponsored by former NFL quarterback-turned activist Colin Kaepernick, was little changed and thinly traded in its debut after boosting its initial public offering to raise $300 million.Shares of the blank-check firm, which boasts of a board made up entirely of “Black, Indigenous and people of color,” were flat at $10.01 Wednesday in New York. The market’s bland reception of the special purpose acquisition company gave it a market value of less than $400 million.The company, which is in part run by Jahm Najafi, who heads private-equity firm Najafi Companies, sold 30 million units for $10 apiece Tuesday. The pair will focus on diversity issues and racial justice and aim to acquire a consumer company with an enterprise value around $1 billion.A representative for Mission didn’t reply to a request for comment.Wednesday’s debut for Kaepernick’s SPAC, marked the second former-professional athlete-backed blank check company to go public in the last 10 days. Former Yankee all-star Alex Rodriguez’s Slam Corp. rose 5.1% in its first day of trading on Feb. 23, but has since trimmed gains to just 0.9%.For comparison, A-Rod’s SPAC had roughly 24.5 million shares traded in its first session compared to 13.9 million for Kaepernick’s.(Updates share movement throughout, adds trading volume in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Britain to loosen listing rules as Brexit puts London on back foot

    Britain will modernise its listing rules to attract more high-growth company and so-called blank cheque flotations, Finance Minister Rishi Sunak said after a government-backed review said London was on the back foot after Brexit. The London Stock Exchange is facing tougher competition from NYSE and Nasdaq in New York, and from Euronext in Amsterdam since Britain fully left the European Union on Dec. 31.

  • Volvo Cars to double U.S. footprint, as it aims to go all electric by 2030

    Volvo Cars’s aggressive push to go all electric by the end of this decade, is expected to expand the company’s U.S. operations significantly over the next several years, according to the President and CEO of Volvo Cars USA.