Anonymous ID: 42c43c Sept. 30, 2021, 6:45 a.m. No.97103   🗄️.is đź”—kun   >>7135 >>7145 >>7147 >>7154

Czech central bank shocks with 75 basis-point interest rate increase

 

The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, an even heftier policy tightening than markets and analysts had expected, delivering its biggest hike since 1997 as inflation soars. The two-week repo rate stands at 1.50% after the hike, the highest level since March 2020 when the central bank slashed its rates to support an economy hit by the first wave of the COVID-19 pandemic.

 

In a Reuters poll, all eight analysts had expected a 50-basis point hike that several central bankers had flagged in public comments.

 

Governor Jiri Rusnok was due to comment on the decision at a news conference at 3:45 p.m. (1345 GMT), where he will also present the board’s assessment of risks to the central bank’s macroeconomic outlook.

 

The crown jumped by 0.5% after the announcement, and traded at 25.30 to the euro at 1300 GMT, just off its highest level since February 2020 hit earlier this month. Shorter-dated interest rate swaps climbed up to 5 basis points after the decision.

 

Several central bankers have been concerned about a rise in inflation expectations, and the country’s tight labour market as factors adding to global price pressures. The Czech central bank is one of only two in the European Union to have started the tightening cycle, together with Hungary’s central bank. The latter slowed down its pace last week, however, when it raised its main rate by lower-than-expected 15 basis points.

https://www.reuters.com/article/czech-economy-rates/update-2-czech-central-bank-shocks-with-75-basis-point-interest-rate-increase-idUSL8N2QW4BK

Anonymous ID: 42c43c Sept. 30, 2021, 7:24 a.m. No.97114   🗄️.is đź”—kun   >>7135 >>7145 >>7147 >>7154

Trudope heading out west-prolly to Vancouver since he had few 'issues' while teaching at West Point Grey Academy in Vancouver 1998-2001 and bailed when the heat came on him

 

RCAF CFC01 Challenger CL60 wn from Ottawa

Statement by the Prime Minister on the National Day for Truth and Reconciliation

The Prime Minister, Justin Trudeau, today issued the following statement on the National Day for Truth and Reconciliation: “Today, I invite everyone across the country to recognize and observe the first National Day for Truth and Reconciliation. It is a day to reflect on the painful and lasting impacts of residential schools in Canada, and to honour survivors, their families, and their communities. It is also a day to remember the many children who never returned home, and an opportunity for us all to learn more, and to affirm the need for reconciliation and commit ourselves to the work ahead. “The National Day for Truth and Reconciliation recognizes that at least 150,000 Indigenous children from across the country were forcibly separated from their families and their communities. Children were brought to residential schools where too many experienced abuse and were removed from their cultures, languages, and traditions. This federal day builds on the momentum of Orange Shirt Day, which was inspired by the story of Phyllis Webstad and chosen by Indigenous peoples to remember the legacy of residential schools and promote the path of reconciliation. The National Day for Truth and Reconciliation was established through legislation passed earlier this spring, and is a direct response to the Truth and Reconciliation Commission’s Call to Action number 80. As part of commemorations for this historic day, I was honoured to participate in a sunset ceremony to commemorate survivors and those who never returned to their families and communities, as the Peace Tower and other buildings near Parliament Hill were illuminated in orange, and a newly commissioned Survivors’ Flag from the National Centre for Truth and Reconciliation was raised.

https://pm.gc.ca/en/news/statements/2021/09/30/statement-prime-minister-national-day-truth-and-reconciliation

Anonymous ID: 42c43c Sept. 30, 2021, 7:40 a.m. No.97116   🗄️.is đź”—kun   >>7135 >>7145 >>7147 >>7154

Deputy Pima County Attorney Found Dead In Apparent Accident

 

Deputy Pima County Attorney Chris Straub, 64, was found dead Wednesday, in what appears to be an accident during a fishing trip, according to a news release from the county. Straub's wife reported him missing when he did not return from a fishing trip to Oak Creek Canyon, near Sedona on Tuesday, the county said.

 

Straub, who worked for the Pima County Attorney's office in Tucson for more than 30 years, was found in an area of thick overgrowth by deputies with the Coconino County Sheriff's Department, according to the news release. Although it appeared that Straub suffered a fatal accident, his death is still under investigation, the county said. An autopsy by the Coconino County Medical Examiner is planned to determine his cause of death.

 

"Our thoughts and condolences are with Chris' family and everyone who loved him," said Pima County Attorney Laura Conover in the release.

https://patch.com/arizona/tucson/deputy-pima-county-attorney-found-dead-apparent-accident

Anonymous ID: 42c43c Sept. 30, 2021, 7:57 a.m. No.97125   🗄️.is đź”—kun   >>7135 >>7145 >>7147 >>7154

Merck buying Acceleron Pharma in $11.5B deal

 

Merck will spend about $11.5 billion to buy Acceleron Pharma and its potential treatment for high blood pressure in vessels that connect the lungs heart.

 

Merck will pay $180 per share in cash for Acceleron, the Kenilworth, New Jersey, company said Thursday. Acceleron is running late-stage studies of a potential treatment for patients with pulmonary arterial hypertension, a potentially life-threatening blood vessel disorder.

 

The drug represents a "potential blockbuster" and a way for Merck to add a new source of revenue, Mizuho Securities USA analyst Mara Goldstein wrote. Merck has long faced investor criticism that it’s far too dependent for revenue from its drug Keytruda, which is now approved for treating a dozen types of cancer. Keytruda brought in $4.2 billion for Merck in the second quarter, more than one-third of the company's total revenue. Merck also is developing a potential COVID-19 treatment, and the company expects to have results from late-stage research into that drug by later this year.

 

Acceleron also makes Reblozyl, a treatment for anemia in some rare blood disorders. The company developed and sells that drug through a collaboration with another drugmaker, Bristol Myers Squibb Co., which also is the largest institutional shareholder in the Cambridge, Massachusetts, company, with more than an 11% stake. The acquisition is expected to close in the fourth quarter.

https://www.foxbusiness.com/markets/merck-buy-acceleron-pharma-billion-deal

Anonymous ID: 42c43c Sept. 30, 2021, 8:14 a.m. No.97137   🗄️.is đź”—kun   >>7139 >>7145 >>7147 >>7154

Virgin Galactic shares surge after FAA clears it for launch, ends probe

 

Shares of Virgin Galactic surged almost ten percent after the Federal Aviation Administration said it has closed its investigation into a “mishap” on the company’s July 11 flight that carried its billionaire founder Sir Richard Branson into space — allowing the company to resume launches after a nearly month-long suspension.

 

The federal agency grounded Virgin Galactic earlier this month after media reports revealed that the company’s spacecraft went off course during the widely watched flight that carried Branson and five other crew members to space. “The investigation found the Virgin Galactic SpaceShipTwo vehicle deviated from its assigned airspace on its descent from space. The FAA also found Virgin Galactic failed to communicate the deviation to the FAA as required,” a representative for the federal regulator said Wednesday evening.

 

“The FAA required Virgin Galactic to implement changes on how it communicates to the FAA during flight operations to keep the public safe. Virgin Galactic has made the required changes and can return to flight operations.” The news that Branson’s widely watched launch into space had in fact not gone as smoothly as it appeared in the onboard livestream and media coverage of the launch was difficult to digest for shareholders.

 

After the FAA’s investigation, which barred the company from any more launches until the probe was closed, shares of Virgin Galactic fell almost ten percent in intraday trading. “We appreciate the FAA’s thorough review of this inquiry. Our test flight program is specifically designed to continually improve our processes and procedures. The updates to our airspace and real-time mission notification protocols will strengthen our preparations as we move closer to the commercial launch of our spaceflight experience,” Virgin Galactic CEO Michael Colglazier said Wednesday in a statement.

 

The FAA’s announcement will allow Virgin Galactic to go ahead with its “Unity 23” launch with the Italian Air Force some time in mid-October, as previously announced.

moar

https://nypost.com/2021/09/30/virgin-galactic-shares-surge-after-faa-clears-it-for-launch/

 

62k ft is NOT Space-cap from July 11th