‘Live And Let Die’ Plays At Trump Ohio Speech And Twitter Loses It

New Jersey Resources Q3 Loss Widens On Lower Revenues; Reaffirms FY20 NFE Outlook

New Jersey Resources (NJR) reported a wider loss for the third quarter, reflecting a sharp decline in revenues. Further, the company reaffirmed its Net Financial Earnings outlook for fiscal 2020.

The company’s third-quarter net financial loss was $5.8 million or $0.06 per share compared to a loss of $17.5 million or $0.20 per share last year.

Net loss for the quarter was $27.2 million or $0.28 per share versus a loss of $8.40 million or $0.09 per share a year ago.

Total operating revenues declined to $298.9 million from $434.9 million in the prior year period.

Analysts polled by Thomson Reuters expected earnings of $0.10 per share on revenue of $447.88 million for the quarter. Analysts’ estimate typically exclude certain special items.

For fiscal 2020, NJR reaffirmed its Net Financial Earnings guidance range of $2.05 – $2.15 per share.

COVID-19 crisis crippling South America's largest economy

Brazil is facing its highest unemployment rate in three years.

The coronavirus pandemic is crippling South America’s biggest economy, leaving millions out of work.

Brazil is facing its highest unemployment rate in three years.

Between April and June, nearly nine million people lost their jobs.

Al Jazeera’s Monica Yanakiew reports from Rio de Janeiro.

Biogen: FDA To Review Biologics License Application For Aducanumab

Biogen (BIIB) and Eisai, Co., Ltd. announced that the U.S. FDA has accepted the Biologics License Application for aducanumab, an investigational treatment for Alzheimer’s disease. The application has been granted Priority Review, with a PDUFA action date on March 7, 2021.

Biogen did not use its Priority Review voucher for the aducanumab BLA. The FDA is currently planning to hold an Advisory Committee meeting for this application on a yet-to-be-determined date.

Biogen licensed aducanumab from Neurimmune under a collaborative development and license agreement. Since 2017, Biogen and Eisai have collaborated on the development and commercialization of aducanumab.

Sudan faces disease threats after floods displace hundreds

There are concerns they will now be exposed to water-borne diseases like malaria and cholera.

Hundreds of families left homeless by flooding in Sudan are facing new threats.

There are concerns they will now be exposed to water-borne diseases like malaria and cholera.

Al Jazeera’s Hiba Morgan reports from Al Gitaina in White Nile state, where at least five people have died.

Mexico's Oaxaca state bans sale of junk food to children

It is an effort to cut down on high levels of obesity in Mexico, which, for children, are among the highest in the world.

Children in Mexico’s Oaxaca state are not allowed to buy sugary junk food any more.

It comes in an effort to cut down on high levels of obesity in Mexico, which, for children, are among the highest in the world.

Health experts say the COVID-19 outbreak, which has now killed more than 50,000 people in Mexico, has highlighted the added risks of being overweight.

Al Jazeera’s Manuel Rapalo reports from Mexico City.

Oil Slips Below $45 On Demand Fears

Oil dipped below $45 a barrel on Friday amid worries that a resurgence of coronavirus infections and lockdowns will crimp fuel demand.

Benchmark Brent crude dropped 0.7 percent to $44.77 a barrel, with a pledge from OPEC member Iraq to cut oil output further in August helping to limit the downside. U.S. West Texas Intermediate (WTI) crude futures were down 0.8 percent at $41.61.

There are signs of a second wave of coronavirus infections emerging in Europe after data showed an uptick in cases in some countries, including Spain, Belgium and Luxembourg.

Many other European states are seeing an increase in infections, based on a seven-day rolling average compared to the week prior.

Registering over 60,000 cases in 24 hours for the first time, India’s Covid-19 tally galloped past 20 lakh today.

Elsewhere, a widely cited University of Washington model predicted that the U.S. death toll may almost double by December if the pandemic’s pace doesn’t change.

Meanwhile, U.S. stimulus talks remain at an impasse ahead of the deadline, with analysts warning that failure to extend aid would deal a massive blow to the recovering U.S. economy and the fragile oil demand outlook.

On the positive side, Saudi Arabia’s energy minister and his Iraqi counterpart stressed their countries’ full commitment to an OPEC-plus deal curbing oil production.

Goldman Sachs cuts quarterly earnings, citing legal provisions relating to the 1MDB scandal

Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion.

The bank said in a filing it had set aside $2.96 billion for potential legal and regulatory costs, up from the $945 million announced on July 15 with its second-quarter earnings.

On July 24, the bank agreed to pay the Malaysia government $3.9 billion to settle a criminal probe over its role in the multibillion-dollar 1MDB scandal.

Stock Alert: Biogen Ticking Up

Shares of drugmaker Biogen Inc. (BIIB) are rising more than 9% Friday morning after the company said that the FDA has accepted the Biologics License Application (BLA) for aducanumab, the company’s drug candidate for Alzheimer’s disease.

The application has been granted Priority Review, with the decision due on March 7, 2021.

Biogen stock is currently trading at $304.02. It has traded in the range of $215.78- $374.99 in the past 52 weeks.

‘Live And Let Die’ Plays At Trump Ohio Speech And Twitter Loses It

Whoever was behind the music at President Donald Trump’s appearance at an Ohio washing machine factory on Thursday might want to rethink the playlist.

The Guns N’ Roses’ cover of Paul McCartney and Wings’ “Live and Let Die” blared on the loudspeaker before the president’s speech at a Whirlpool plant in Clyde, Ohio.

The Intercept’s Robert Mackey posted video of the tasteless moment, noting that Ohio Gov. Mike DeWine could not attend because he had tested positive for COVID-19, “the disease that killed over 1,400 Americans yesterday.” A second test later showed DeWine negative.

The U.S. has surpassed 160,000 coronavirus deaths under Trump’s watch and the toll is projected to reach nearly 300,000 by December.

The same song played during Trump’s visit to a Honeywell factory that makes face masks in May.

Twitter was aghast at the offensive encore, which was perhaps made worse by Trump’s callous “It is what it is” comment about the death toll in an HBO interview broadcast this week.

“They’ll soon be playing Queen’s ‘Another one bites the dust,’ one person sniped on Twitter.