(Tuesday Market Open) U.S. investors and traders returned from a long holiday weekend with an apparent continued sense of optimism about prospects for a coronavirus vaccine and the reopening of the domestic economy.
In addition to holiday goers getting out over the Memorial Day weekend in the United States as restrictions ease, there were also signs of reopening in Spain, Germany, and Britain, and news that a German airline will resume flights to 20 destinations in June.
The market also started the holiday-shortened week buoyed by news that biotech company Novavax Inc (NASDAQ: NVAX) had started human trials of its vaccine candidate. That encouragement was reminiscent of last week’s boost to stocks from positive vaccine news from Moderna Inc (NASDAQ: MRNA).
What if your new audio system offered the same kind of performance as one of the auto industry’s most legendary sports cars? Thanks to Porsche Design’s latest tech release, we finally have the answer.
Inspired by the 911 GT3, the company took the rear silencer and tailpipe cover––both finished by hand––and used them as a subwoofer Helmholtz resonator extension to create a soundbar like no other. Though a silver-toned stainless-steel version was released prior, this new limited-edition iteration is rendered entirely in shades of black.
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Just like Porsche cars, the soundbar is produced in the marque’s workshops in Germany. It emits 2.1 virtual surround sound through a 200-watt power system. In a nod to the model it’s based on, only 911 of this noir version will ever be produced, and each one will come fixed with a
SPOILER ALERT: Do not read if you have not yet watched “Mythic Quest: Quarantine,” streaming now on Apple TV Plus.
When Rob McElhenney decided he wanted to do a virtual episode of one of his television series during the COVID-19 pandemic, there was no question that it would be his new Apple TV Plus comedy “Mythic Quest” and not his long-running FXX sitcom “It’s Always Sunny in Philadelphia.”
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“The thing about the ‘Mythic Quest’ characters is that, like the filmmakers, they believe in science and they respect the law. And so we could make an episode that we felt was socially responsible,” McElhenney tells Variety. The “Sunny” characters on the other hand, do not, he adds, which means the kind of episode the production team would have delivered would have been the opposite of what he did with “Mythic
Bill Gates recommends five books every summer.
This year, he added eight additional books to his reading list to distract or enlighten people during the pandemic.
Gates’s favorite titles include a nonfiction book about the 1918 influenza pandemic and a few comic books.
When Bill Gates isn’t working with pharmaceutical companies to develop drugs and vaccines for the coronavirus, he’s an avid reader.
“Most of my conversations and meetings these days are about COVID-19 and how we can stem the tide,” the billionaire wrote on his blog, Gates Notes. “But I’m also often asked about what I am reading and watching — either because people want to learn more about pandemics, or because they are looking for a distraction.”
Gates’s summer reading list for 2020 offers both distractions and important lessons for
“You only find out who is swimming naked when the tide goes out,” Warren Buffett famously wrote in the 2001 Berkshire Hathaway annual report.
Right now we’re starting to see some bashful bathers.
One huge consequence of the coronavirus is a culling of the economy. A slew of weak companies could perish, particularly in sectors like airlines, cruise ships, hotels, restaurants and retail. Any business predicated on congregating is suspect.
With all the grim economic news though, maybe none is grimmer than for retailers—especially department stores and apparel. Yesterday the U.S. Commerce Department reported that retail sales tanked 16.4% for the month of April. As for clothing retailers the news was almost unimaginably bleak: Sales plunged 78.8%. (That’s not a typo.)
How do you survive that? For a good many, you don’t. Yesterday evening J.C. Penney, founded by one James Cash Penney in Kemmerer, Wyoming 118 years ago, filed
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