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Hurricanes may cause more pain for pandemic-hit insurers -

Hurricanes may cause more pain for pandemic-hit insurersThe official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. Meteorologists are forecasting that the Atlantic 2020 hurricane season, which officially finishes on Nov. 30, will be above average. Lloyd's of London this month forecast more than $100 billion in underwriting losses from the pandemic in 2020, with those losses coming before the hurricane season even gets going.

Mon, 01 Jun 2020 03:06:35 -0400

AstraZeneca-Merck Lynparza gets EMA's positive recommendation -

AstraZeneca-Merck Lynparza gets EMA's positive recommendationThe recommendation from the EMA's Committee for Medicinal Products for Human Use (CHMP) was based on positive results from a late-stage trial, where Lynparza nearly doubled the time patients with gBRCAm metastatic pancreatic cancer lived without the disease getting worse. Lynparza leads a class of drugs known as PARP inhibitors, which keep cancer cells damaged by chemotherapy from repairing themselves, and is a key asset for AstraZeneca with approvals in ovarian, breast and pancreatic cancers.

Mon, 01 Jun 2020 02:17:18 -0400

'All of us versus bad people and bad cops': Some police step out to support demonstrators -

'All of us versus bad people and bad cops': Some police step out to support demonstrators"It's all of us versus bad people and bad cops — and we want to get them out of the line of duty," said a Nebraska police sergeant.

Mon, 01 Jun 2020 02:05:00 -0400

George Floyd protest live updates: Trump was moved to bunker, sources confirm -

George Floyd protest live updates: Trump was moved to bunker, sources confirmThe death of George Floyd, a black man who died on Memorial Day after he was pinned down by a white Minnesota police officer, has sparked outrage and protests in Minneapolis and across the United States. The National Guard has been activated in Washington, D.C., and 17 states: Colorado, Georgia, Kentucky, Minnesota, Ohio, Tennessee, Texas, Washington, Wisconsin, Utah, North Dakota, California, Missouri, Virginia, Kansas, Illinois and Nevada. In the wake of Floyd's death, murder and manslaughter charges have been filed against Derek Chauvin, the officer who prosecutors say held his knee on Floyd's neck for nearly nine minutes.

Mon, 01 Jun 2020 01:06:00 -0400

Escalating China tensions could become an obstacle for U.S. stock rally -

Escalating China tensions could become an obstacle for U.S. stock rallyU.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets. The trade war, which began in earnest in the spring of 2018, had been a constant source of volatility for global markets, as a steady drip of headlines whiplashed investors. While tension between the world's two largest economies started to re-emerge over the past month as the United States blamed China for the spread of the virus, Trump's move now could mark the beginning of a new round of escalation.

Mon, 01 Jun 2020 01:03:33 -0400

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