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  • Amazon offers to help the incoming Biden admin with COVID response

    Amazon offers to help the incoming Biden admin with COVID response

    Fast on the heels of now-President Joe Biden’s inauguration on Wednesday morning, Amazon Consumer CEO Dave Clark sent a letter on behalf of his employer to the incoming administration pledging its help with Federal government’s ongoing COVID pandemic response, per NBC News. “Amazon stands ready to assist you,” the statement reads. In his letter, Clark notes that Amazon and its subsidiary Whole Foods, have already partnered with a third-party company to rapidly inoculate its 800,000-person workforce and will do so “once vaccines are available.”

  • Why Verastem Stock Sank Today
    Motley Fool

    Why Verastem Stock Sank Today

    Shares of Verastem (NASDAQ: VSTM) sank Wednesday, trading down by 10% as of 2:30 p.m. EST after the company announced that Chief Medical Officer Dr. Frank Neumann is departing. The surprise news comes just two weeks after Neumann joined Verastem from Bluebird Bio, where he had served as head of oncology clinical research. Neumann, an industry veteran, was expected to be instrumental in Verastem's development of VS-6766 and defactinib, a pair of oral small-molecule inhibitors that are currently undergoing clinical trials as potential cancer treatments.

  • Reuters

    CANADA FX DEBT-Loonie notches 3-year high as Bank of Canada skips 'micro rate cut'

    The arrival of a COVID-19 vaccine and stronger foreign demand is brightening the outlook for the Canadian economy in the medium term, the Bank of Canada said, as it held its key overnight interest rate at 0.25%. Money markets had seen a chance of a so-called micro rate cut of less than 25 basis points, after the BoC said in recent months that the floor for rates could be less than the current level and COVID-19 lockdowns weighed on Canada's economy.