Southwest cancels over 1,000 weekend flights

[ad_1] Southwest Airlines canceled hundreds of flights over the weekend, blaming the woes on air traffic control issues and the weather. The airline canceled more than 1,000 flights, or 28% of its schedule, as of 5 p.m. ET Sunday, according to FlightAware flight tracker. It was by far the highest rate of major US airlines. … Read more

Goldman Sachs lowers US economy forecast again

[ad_1] What’s happening: Over the weekend, the Bank of Wall Street downgraded its forecast for U.S. economic growth, which is being closely watched by the investment community. Goldman Sachs now expects the economy to grow 5.6% this year, down from a previous estimate of 5.7%. In 2022, growth is expected to increase by 4%, compared … Read more

Futures lower as rally in oil fuels inflation concerns By Reuters

[ad_1] © Reuters. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York, New York, United States, July 19, 2021. REUTERS / Andrew Kelly By Shreyashi Sanyal (Reuters) – U.S. stock index futures fell on Monday as soaring commodity prices added to inflation concerns, which … Read more

Merck asks FDA for emergency approval of its COVID-19 antiviral pill

[ad_1] Pharmaceutical giant Merck and its partner Ridgeback Biotherapeutics announced Monday that it has asked the Food and Drug Administration for emergency approval of its COVID-19 pill after the investigational drug showed “convincing results” in clinical trials. The pill, called molnupiravir, reduced the risk of hospitalization or death in patients with mild to moderate COVID-19 … Read more

Stock futures drop as inflation fears persist and oil prices rise

[ad_1] Equity futures fell on Monday morning as investors pondered persistent signs of inflation and supply challenges and waited for more data on corporate earnings. S&P 500, Dow and Nasdaq contracts fell before the opening bell. Treasury yields rose especially on the long end of the curve, and the benchmark 10-year yield hovered around 1.61%, … Read more

Protagonist Therapeutics Announces Removal of FDA Clinical Suspension on Rusfertide Clinical Development Program

[ad_1] All ongoing clinical trials of rusfertide to resume dosing Phase 3 registration trial set to begin in Q1 2022 Conference call scheduled for today at 8:00 a.m.ET NEWARK, Calif., October 11, 2021 / PRNewswire / – Protagonist Therapeutics, Inc. (Nasdaq: PTGX) (“Protagonist” or “the Company”) today announced that the United States Food and Drug … Read more

Businesses call for help amid skyrocketing gas prices – BBC News

[ad_1] Businesses call for help amid skyrocketing gas pricesBBC News UK ministries bicker over efforts to tackle energy crisisYahoo finance Hinds defends business secretary over supply crisisSky News Ministers seem powerless to stop the coming energy The energy price cap REMAINS, and here are more rumors that are false, according to KWASI KWARTENGExpress See … Read more

Southwest Airlines, Robinhood, SoFi Technologies and more

[ad_1] Take a look at some of the biggest drivers in the premarket: Southwest Airlines (LUV) – The airline canceled more than 1,800 flights over the weekend, citing bad weather, air traffic control issues and staff shortages. Southwest took issue with speculation that its high level of cancellations compared to other airlines was due to … Read more