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The Latest Breaking News from China

Markets Pare Early Losses As Musk-Twitter Agree On Buyout Deal

U.S. indices pared early losses and closed higher Monday. Markets were trading lower to start the session as stocks continued to fall after the Fed last week indicated it may move more quickly on rate hikes to combat inflation. China’s COVID-19 outbreak has also added to global macro uncertainty.

Benzinga

FDA Gives Green Signal To Human Trial For Sorrento's STI-9167 Against Omicron

The FDA has cleared Sorrento Therapeutics Inc's (NASDAQ:SRNE) investigational new drug application (IND) for intravenous (IV) STI-9167 (COVISHIELD) to study the safety and pharmacokinetics in healthy volunteers. STI-9167 is the IV formulation of the intranasal STI-9199 neutralizing antibody. Also Read: Sorrento To Start Late-Stage Trial Of Abivertinib In Critically-Ill COVID-19 Patients. The Phase 1 study…

Benzinga

Shares plunge as fears grow over impact of China’s draconian Covid lockdown

In China, shares saw their biggest slump since the start of the Covid pandemic in 2020

The Independent UK

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Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Newsroom.co.nz

What's Happening With BioNTech SE Shares?

Shares of vaccine companies, including BioNTech SE - ADR (NASDAQ: BNTX), are trading higher amid COVID-19 concerns due to rising cases in China.

Benzinga

Why This Starbucks Analyst Says Stock Valuation Is At 'Historical Low'

Starbucks Corporation (NASDAQ: SBUX) is off to a brutal start to 2022, but Bank of America analyst Sara Senatore said Monday that there's reason for optimism after taking a close look at Starbucks' quarterly demand trends.

Benzinga

Iran Urges New Nuclear Meet 'as Soon as Possible'

Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in Vienna aimed at restoring its frayed 2015 nuclear deal with major powers. Tehran has been engaged in negotiations with Britain, China, France, Germany and Russia directly and the United States…

Asharq Al-Awsat

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Why Novavax Shares Are Rising

Shares of vaccine companies, including Novavax, Inc. (NASDAQ: NVAX), are trading higher amid COVID-19 concerns due to rising cases in China.

Benzinga

Labor pledges to restore Pacific relations

Labor has unveiled a plan to restore Australia's standing in the Pacific, but the prime minister claims it is a copy of what his government is already doing.

AAP

Economic outlook 'tricky' despite strength

Australia's economic recovery has been faster and better than expected, but war in Europe and China's COVID-19 outbreaks are wildcards for the nation's outlook.

AAP

Labor pledges more foreign aid to Pacific with plan ‘to restore Australia’s place as first partner of choice’

Seven-point plan also includes funding boosts for regional broadcasting and fight against illegal fishing

The Guardian - AU

Richard Marles’ contentious China trip was praised by Coalition MP

Deputy Labor leader was joined in Beijing in 2019 by Ted O’Brien who wrote a positive testimonial of the study tour

The Guardian - AU

What's Going On With Moderna Shares?

Shares of vaccine companies, including Moderna Inc (NASDAQ: MRNA), are trading higher amid COVID-19 concerns due to rising cases in China.

Benzinga

No limits to Russia-China deal, warns EU chief amid Ukraine crisis

European Commission’s President seeks “diplomatic solution” to Ukraine crisis

The Hindu

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The Guardian - UK

Global stocks fall amid fears of new Covid lockdowns in China

FTSE 100 drops by 141 points to 7380.5, its lowest close in more than five weeks

InsideEVs

China: Zeekr Delivered Over 8,000 Cars In Q1 2022

Zeekr, one of the latest Chinese all-electric brands (part of Geely), has slowed down a bit after its outstanding start in late 2021.

InsideEVs

Lucid Air Reportedly Launching In Europe In June Or July

The electric vehicle startup also has plans to expand into China come 2023, according to the same source.

Benzinga

Hollywood Films That Stumbled At US Box Office Are Popular In China

There was good news and bad news for several American films that turned out to be disappointments at the domestic box office. The good news is that these films are finding a new level of popularity in China. The bad news, though, is that they are being released in China…

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news in one place.

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Benzinga

Chindata Potentially Up for Sale as M&A Heats Up in China Data Centers

Key Takeaways: Data center operators GDS and EdgeConneX have reportedly expressed interest in making bids for Chindata Chindata’s control by U.S. private equity giant Bain and the recent departure of its founder may make it ripe for such a buyout By Doug Young

Reuters

China's Beijing city to expand mass COVID testing to more districts

Beijing will expand its mass COVID-19 testing campaign to another 10 districts and one economic development area from Tuesday to Saturday, an official for the Chinese capital said late on Monday.

Tribune News Service

Xi puts ideology before economy with market-busting lockdowns

China’s worst equity selloff since early 2020 reflects a growing concern about President Xi Jinping: He can’t afford the political costs of shifting from a COVID Zero strategy that is pummeling the economy.

The Conversation

Africa faces hard knocks as rich countries take manufacturing back home

The global economic crisis triggered by the outbreak of the COVID pandemic in 2020 and Russia’s invasion of Ukraine in February this year has intensified the risk of declining trade integration between countries. A process referred to as the deglobalisation of trade.

Benzinga

Tesla China Announces Battery Design Challenge For Highly-Anticipated Cyberquad EV: What You Should Know

Tesla, Inc. (NASDAQ: TSLA) is providing renewable energy and tech enthusiasts in China an opportunity tor design batteries for a vehicle it announced way back in 2019 and is yet to see the light of the day.

ABC News

Labor to announce Pacific plan to boost diplomatic relations in region

Following the controversy surrounding the signing of a security pact between Solomon Islands and China, Labor is set to announce a package of reforms to boost Australia's relationship with the Pacific.

Caixin Global

Opinion: Will U.S. Rate Hikes Send Chinese Stocks and Bonds Tumbling?

It depends on whether the slowdown in Chinese economy can be reversed

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