The Bank Of Nova Scotia Q3 Profit Advances

States Where COVID-19 Cases Are Climbing Fastest

As a the Delta variant continues to spread, new cases of COVID-19 are on the rise in the United States. There were an average of 43.0 new daily cases of the virus for every 100,000 Americans over the past week, up from an average of 38.0 new daily cases per 100,000 the week before.

Nationwide, the average number of new daily infections has increased in all but a handful of states over the past week.

In total, there have been about 37,085,000 documented cases of the novel coronavirus in the United States since the first known infection was identified in Washington state on Jan. 21, 2020.

Though the first case of the virus in the United States was on the West Coast, the early epicenter of the outbreak was on the other side of the country, in New York City. In the months since, the parts of the country hit hardest by the virus shifted to the Southeast, the Midwest, and California.

The current increase in cases nationwide is being driven disproportionately by Mississippi and Tennessee, the two states where the average number of new daily cases is climbing the fastest on a per capita basis.

To date, Rhode Island has had the highest number of COVID-19 cases per capita of any state, at 15,040 for every 100,000 people. Nationwide, there has been a total of 11,335 cases per 100,000 people.

All COVID-19 data used in this story is current as of August 22, 2021. It is important to note that in some states, weekly infection rates may include cases of the virus that occurred earlier but were not previously counted.

ManpowerGroup To Acquire Ettain Group For $925 Mln Cash – Quick Facts

Workforce solutions company ManpowerGroup (MAN) announced Monday that it has agreed to acquire ettain group for $925 million in cash. ettain will become part of Experis, ManpowerGroup’s global IT resourcing and services brand.

ettain is one of the largest privately-held IT resourcing and services providers in North America, with particular strength in Financial Services, Healthcare IT, Government and Technology clients.

The combination will provide increased strength in delivering IT services to the higher growth financial services and health care industries, and combined total annual revenues of more than $4.5 billion globally, with more than $1.7 billion in North America.

ManpowerGroup expects to fund this acquisition with existing cash and approximately $150 million from its revolving credit facility which it intends to repay over 12 months.

The acquisition will primarily be an asset purchase for tax purposes, resulting in significant anticipated annual cash income tax savings to ManpowerGroup.

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close as early as late September 2021.

Former Broncos nutrition guru says get vaccinated as he endures long hospital stay because of COVID-19

Trump Supporters Were Asked If They Got Vaccinated And You Know What Happened Next

CNN’s Donie O’Sullivan stopped by Donald Trump’s rally in Alabama this weekend to ask some of those attending if they were vaccinated from the coronavirus.

During his speech, Trump said that he has received the shot, and gently suggested that his supporters do the same. Some in the audience jeered and booed, and as O’Sullivan’s report shows, many in the crowd have no intention of protecting themselves from COVID-19: 

At 37 percent, Alabama has the nation’s lowest rate of fully vaccinated people, well below the U.S. average of 52 percent. It’s also battling the nation’s highest rate of new COVID-19 cases and the second-highest death rate, per 100,000 people. 

While many Alabamans won’t get the vaccine, some are taking drugs meant for livestock instead, which prompted an unusual warning from the FDA. 

Oil Extends Gains For Second Day

Oil prices rose for the second day running Tuesday after the U.S. drug regulator granted full approval to the Pfizer/BioNTech SE COVID-19 vaccine, helping increase hopes for higher fuel demand.

West Texas Intermediate crude futures for October delivery rose 1.1 percent to $66.34 in European trade after climbing 5.6 percent in the previous session.

Brent crude futures for November settlement jumped 1.2 percent to $69.16 a barrel.

The full FDA approval of Pfizer’s COVID-19 vaccine is expected to boost economic recovery and fed demand for fuel.

Speaking from the White House, U.S. President Biden called the approval a key milestone in the nation’s fight against COVID. He stressed that inoculation saves lives and that those awaiting final FDA approval no longer have a reason to delay.

A call by China’s central bank for more economic support and signs of falling COVID-19 infections in China and India also added to optimism over global growth.

Investors now await U.S. crude oil supply data from the American Petroleum Institute, due later in the day for further direction.

The Bank Of Nova Scotia Q3 Profit Advances

The Bank Of Nova Scotia (BNS.TO) reported a profit for its third quarter that increased from the same period last year.

The company’s bottom line totaled C$2.43 billion, or C$1.99 per share. This compares with C$1.33 billion, or C$1.04 per share, in last year’s third quarter.

Excluding items, The Bank Of Nova Scotia reported adjusted earnings of C$2.44 billion or C$2.01 per share for the period.

The company’s revenue for the quarter rose 0.4% to C$7.76 billion from C$7.73 billion last year.

The Bank Of Nova Scotia earnings at a glance:

-Earnings (Q3): C$2.44 Bln. vs. C$1.33 Bln. last year.
-EPS (Q3): C$2.01 vs. C$1.04 last year.
-Revenue (Q3): C$7.76 Bln vs. C$7.73 Bln last year.