The company missed analyst estimates with its Q4 results and didn't have a firm date for filing for authorization of its COVID vaccine.
Mikko Rantanen had two goals and the Colorado Avalanche beat the Arizona Coyotes 4-2 Monday night for their eighth victory in nine games. Brandon Saad and Nathan MacKinnon also scored as the Avalanche improved to 12-0-1 in their last 13 games at Ball Arena, the fourth longest home point streak in franchise history. Philipp Grubauer made 35 saves for his career-high 25th win.
Beijing sends 25 military aircraft into Taiwan as the US warns against an 'increasingly aggressive' China.
The Snake River, crucial habitat for salmon and relied on by native people in the Pacific Northwest, is the most endangered river in the United States, according to an annual ranking released on Tuesday by the American Rivers environmental group. The organization, which focuses on the health and restoration of rivers and streams throughout the country, said the Snake River is threatened by four federal dams in Idaho, Washington and Oregon. “We’re facing a critical choice on the Snake River," said Tom Kiernan, president of American Rivers.
Tensions between protesters and police escalated Monday, a day after a police officer fatally shot Daunte Wright during a traffic stop in Minnesota.
OTTAWA — After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline. Under the agreement, Air Canada can access up to $5.9 billion from the public purse but must refund passengers whose flights were cancelled due to COVID-19, cap executive compensation at $1 million and restore service to regional airports. The package, which will see the federal government pay $500 million for a six-per-cent stake in the country's biggest airline, also requires the carrier to maintain employment at current levels or higher. “Taxpayers aren't footing the bill. This is a loan facility, and the government of Canada fully expects to be paid back," Finance Minister Chrystia Freeland said Monday night, referring to the $5.4-billion credit facility. Some $1.4 billion of that is earmarked to help reimburse the thousands of customers who paid for tickets but remained in the lurch at the end of 2020. “We have agreed with Air Canada that refunds should be issued as soon as possible, beginning in the coming weeks and months," said Transport Minister Omar Alghabra, though Air Canada has up to seven years to draw on the low-interest loan. Both Goldy Hyder, chief executive officer of the Business Council of Canada, and Canadian Labour Congress president Hassan Yussuff expressed approval of a rescue package tailored to a devastated industry. But the Canadian Union of Public Employees, which represents 10,000 Air Canada flight attendants, decried the deal, saying it "betrays the government’s commitment to support airline workers affected by the pandemic." "We had a commitment from the Trudeau government that any relief money for the airline sector would flow directly to support workers, and that commitment is not reflected in this agreement,” CUPE president Mark Hancock said in a statement. "This deal is exactly what we feared a deal cooked up behind closed doors would look like: it’s a year late, no transparency, and not nearly enough to support the thousands of flight attendants still reeling from the impacts of the pandemic." Travel restrictions introduced through the beginning of the pandemic have been catastrophic for the airline sector. Air Canada's passenger numbers declined 73 per cent in 2020 following several years of record growth for the airline. During 2020, it reduced staff by more than 20,000, more than half of the pre-COVID total, then cut another 1,700 employees in January. The Montreal-based company posted a staggering $1.16-billion loss in the fourth quarter of last year, a result that caps off what the carrier's then-CEO called the bleakest year in aviation history. Freeland, asked whether the package could provide a framework for a deal with WestJet, stressed the importance of two national airlines and characterized negotiations with the Calgary-based No. 2 carrier as "constructive." The deal was hashed out under the watch of Michael Sabia, who was named deputy finance minister in December following decades in senior roles in both the corporate world and public service. He stepped down as CEO of the Caisse de depot et placement in February 2020 after 11 years at the helm. The deal he helped hammered out bars dividend payments and share buybacks by Air Canada, on top of capping executive compensation for as long as the loans play out, Freeland said. The company has also committed to resume service at 13 regional airports as well as seven others through "interline agreements" with regional carriers. It has further pledged to complete the purchase of 33 Airbus A220 aircraft, manufactured at the Mirabel facility in Quebec, guaranteeing continued employment for factory workers. Refunds will be available for flights purchased on or before March 22, 2020, for travel after Feb. 1 of last year, regardless of whether they were cancelled by the passenger or the airline, Freeland said. Tickets purchased after March 22, 2020, where the flight was subsequently cancelled by the airline will also be refundable, she said. Air Canada confirmed that customers who accepted flight credit or Aeroplan points as well as those who declined both will be eligible for reimbursement. Ottawa's half-million-dollar purchase of 21.6 million shares at $23.18 per share leaves it with a small ownership stake and the right to buy 14 million more. Its voting interest in the company is capped at just under 20 per cent. Jacques Roy, a professor of transport management at HEC Montreal business school, deemed the equity stake "a little bit of a surprise." Canadian airlines had been resisting that tool, though it's been deployed elsewhere. Last week the French government announced it would up its stake in Air France-KLM to about 30 per cent with a $6-billion investment. Germany unveiled a 20 per cent stake in Lufthansa last May as part of a $13.7-billion bailout. Under the terms of the agreement, Ottawa can buy millions of shares at $27 per share — Air Canada's closing price Monday — over 10 years, if Air Canada chooses to trigger that option. "Assuming that Air Canada does well and that two, three, five years from now the company shares are back to $40, $50, then the Canadian government can actually make a good deal out of this," Roy said. More than $2.3 billion of the $5.4 billion in available loans have an interest rate below two per cent, a "cheap" rate that would be enviable to other Canadian carriers, he added. On top of the massive loan under Canada's Large Employer Emergency Financing Facility (LEEFF) program, the company has raised $6.8 billion in liquidity to stay afloat during the pandemic. "This program provides additional liquidity, if required, to rebuild our business to the benefit of all stakeholders and to remain a significant contributor to the Canadian economy through its recovery and for the long term," CEO Michael Rousseau said in a statement. Air Canada collected $554 million from the Canada Emergency Wage Subsidy in 2020 and said it would continue to access the program in 2021. The company lost $4.6-billion in 2020, compared with a profit of $1.5 billion the year before. In early April, Air Canada pulled the plug on its planned $190-million takeover of Montreal-based tour operator Transat AT, citing Europe's unwillingness to approve the deal, thus triggering a $12.5-million termination fee. Organizations supporting Air Canada's calls for a bailout have included unions such as Unifor and the Canadian Air Traffic Control Association, as well as the National Airlines Council of Canada industry group. This report by The Canadian Press was first published April 12, 2021. Companies in this story: (TSX:AC, TSX:TRZ) — With files from Dan Healing Christopher Reynolds, The Canadian Press
SYDNEY, Australia — Manchester United is reported to be interested in joining its English Premier League city rival and become a team owner Down Under in the A-League, although the chief executive of the Australian club is calling it “nothing more than speculation." Nine newspapers reported Tuesday that Manchester United officials were in discussions with Central Coast Mariners owner Mike Charlesworth, who has been seeking a buyer for the cash-strapped club for the past year. Nine said the English club would likely move the team now based at Gosford, about 90 kilometres (55 miles) north of Sydney, to Sydney’s northern beaches. Matches would be played at either North Sydney Oval or Brookvale Oval in harbour-side Manly, the report says. But Mariners chief executive Shaun Mielekamp says the Manchester United link is speculative. “The chairman has held discussions with a number of clubs and interested parties across a number of years regarding the sale of the club,” Mielekamp said. “And it’s important, like in the pre-season, none of this distracts anyone at the club. It is just noise." The Mariners are in first place in the A-League with nine wins, four losses and three draws. They have a two-point lead over Melbourne City. Any sale hinges on support from a majority of A-League clubs. Governing body Football Australia, which has been asked for comment, also has to ratify any deal. Manchester City took a controlling stake in the A-League’s then-Melbourne Heart in 2014. It changed the team’s name to Melbourne City and also the A-League club’s colours. Manchester United is owned by the American Glazer family which has owned the NFL’s Tampa Bay Buccaneers since 1995. ___ More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports The Associated Press
Trevor Noah discussed Daunte Wright in a Monday segment of the "Daily Show" as George Takei wrote he's "too heartbroken for words."
SALT LAKE CITY — Bradley Beal scored 34 points to help the Washington Wizards beat Utah 125-121 on Monday night, ending a franchise-record, 24-game home winning streak for the Jazz. Russell Westbrook had 25 points, 14 rebounds and 14 assists for the Wizards. Daniel Gafford matched his season high with 15 points while Robin Lopez and Davis Bertans each chipped in 10 for Washington. The Wizards swept the season series with the Jazz after shooting 52% from the field and 47% from 3-point range. Donovan Mitchell scored 42 points and Bojan Bogdanovic added a season-high 33 for Utah. Joe Ingles chipped in 18 but the Jazz also had a two-game winning streak snapped while losing at home for the first time in 2021. The Jazz rallied late and cut a 19-point deficit to 121-119 on a driving layup from Mitchell with 12.3 seconds left. Beal hit a pair of free throws with 11.5 seconds remaining. Bogdanovic missed a corner 3-pointer on the other end and Westbrook added two more free throws to secure the win. Washington seemingly broke open the game starting late in the third quarter. After Mitchell hit a pair of free throws to give Utah an 80-79 lead, the Wizards went on a 30-10 run to take control. Westbrook scored a basket and assisted on five others to help Washington pull away. Ish Smith capped the lengthy run with a running layup, giving the Wizards a 109-90 lead with 8:23 left. Mitchell imposed his will on offence during the first quarter, scoring 17 points on 7-of-10 shooting. Utah scored on 11 straight possessions and staked out a 39-30 lead in the final minute of the quarter. Mitchell fueled that with six consecutive baskets. The Jazz shot 16 of 23 from the field in the first quarter. Every Utah player who scored points during the quarter shot 50% or better from the field. Washington was even more efficient on offence in the second quarter. The Wizards made 13 of their first 15 shots from the field and shot 16 of 22 overall during the quarter. It helped Washington build a 66-59 lead after stringing together a 12-4 run. Beal scored or assisted on four out of five baskets to fuel the run, and had 23 points on 10-of-17 shooting by halftime. TIP INS Wizards: Alex Len made Washington’s only 3-pointer in the first quarter. It was just the seventh made 3-pointer for Len this season and his only basket of the game. … The Wizards outscored Utah 57-14 in bench points and 58-46 in the paint. Jazz: Jordan Clarkson (right sprained ankle) and Mike Conley (right hamstring injury management) did not play. … Mitchell is averaging 40.5 points over his last four games. … Utah outscored Washington 18-11 in second-chance points. … Rudy Gobert and Royce O’Neale each finished with 12 rebounds. UP NEXT Wizards: Visit the Sacramento Kings on Wednesday. Jazz: Host the Oklahoma City Thunder on Tuesday. ___ More AP NBA: https://apnews.com/NBA and https://twitter.com/AP_Sports -30- John Coon, The Associated Press
The Lokayukta is an anti-corruption watchdog, comprising four officers from non-political backgrounds.
TOKYO — Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite surging coronavirus cases in many places. China reported its exports rose nearly 31% in March, in line with expectations but weaker than the 60% growth seen in the first two months of the year. The rising trade activity reflects higher demand in overseas markets even as some countries reimpose precautions to counter rising numbers of new infections. Japan's benchmark Nikkei 225 gained 1.0% in morning trading to 29,832.50. South Korea's Kospi gained 0.8% to 3,159.49. Australia's S&P/ASX 200 inched up 0.1% to 6,980.50. Hong Kong's Hang Seng surged 1.2% to 28,779.09, while the Shanghai Composite was little changed at 3,413.29. Robert Carnell, Regional Head of Research Asia-Pacific at ING, expects trading in the region to be tentative as investors await data that will help assess the recovery from pandemic damage. Apart from the Chinese trade data, “Asian markets, like others, will be on tenterhooks pending the release of important March U.S. inflation figures later today," he said in a report. Earnings season is approaching and corporate results may indicate the direction of future growth as nations gradually emerge from the damage set off by the pandemic. JPMorgan Chase and Wells Fargo report on Wednesday, while Bank of America and Citigroup report on Thursday. Worries remain about recent surges in COVID-19 cases, including Brazil and Michigan state in the U.S. Earlier this week, Japan, which trails the world in the vaccine rollout, called for government-backed measures to curb the recent surge in the sickness in some areas. In Thailand, authorities are warning of a potential explosion in cases after many new infections were found among people who frequent clubs and other entertainment venues. On Wall Street, indexes gave up some of their recent gains as technology, communication and energy stocks weighed on the market. Bond yields inched higher after easing most of last week. Investors have been focusing on the economic recovery as well as the risks higher inflation poses to consumers and companies. Monday's pullback snapped a three-day winning streak for the benchmark S&P 500, which closed out last week with its third straight weekly gain. “It’s this back and forth as the market tries to figure out how strong the economy is going to be and how long its going to last,” said Tom Martin, senior portfolio manager with Globalt Investments. The S&P 500 slipped 0.81 points to 4,127.99. The Dow Jones Industrial Average fell 0.2% to 33,745.40. The tech-heavy Nasdaq composite lost 0.4%, to 13,850. The S&P 500 and Dow each set record highs Friday. Small company stocks, which have been outgaining the broader market this year, also fell. The Russell 2000 index of smaller companies gave up 0.4%, to 2,233.78. The index is up 13.1% so far this year, while the S&P 500, which tracks large companies, is up 9.9%. Technology stocks were the biggest drag on the market. Apple fell 1.3% and Google's parent company slid 1.1%. The sector has been choppy as investors shift money to other industries that could see solid gains as the economy recovers. Rising bond yields have also made technology stock values look pricey after months of big gains. The yield on the 10-year U.S. Treasury note, which influences interest rates on mortgages and other loans, inched up to 1.69% on Tuesday. While many economists are projecting a strong economic rebound this year, some companies that stand to benefit from the reopening of the economy were among the decliners Monday. Cruise operators Carnival and Royal Caribbean fell 5.3% and 3.1%, respectively. Nuance Communications soared 15.9% after Microsoft said it would buy the speech technology company for about $16 billion. Alibaba's U.S.-listed shares jumped 9.3% after the Chinese conglomerate said it would restructure its Ant Group financial affiliate to placate Chinese government regulatory concerns. In energy trading, benchmark U.S. crude added 32 cents to $60.02 a barrel in electronic trading on the New York Mercantile Exchange. It gained 38 cents on Monday to $50.70 per barrel. Brent crude, the international standard, gained 37 cents to $63.65 a barrel. In currency trading, the U.S. dollar inched up to 109.68 Japanese yen from 109.40 yen late Monday. The euro slipped to $1.1893 from $1.1911. ___ AP Business Writers Damian J. Troise and Alex Veiga contributed. Yuri Kageyama, The Associated Press
Following Luke Bryan's post on Twitter Monday morning sharing that he won't be a part of this American Idol Season 19's first live show, due to testing positive for COVID-19, Paula Abdul, one of the original Idol judges for the first eight seasons, returned to her old stomping grounds as a guest judge for the first time in 12 years. Paula was her usual awkwardly endearing self, calling her old castmate Simon Cowell an “STD” and telling the talented contestants that she was meeting for the first time, “I just want to ask all of you, what did your mothers breastfeed you? It's incredible!” She even FaceTimed with Randy Jackson on Ryan Seacrest’s iPad at one point. “if I'm being honest, it's kind of nostalgic,” she told Seacrest. “I feel like I'm visiting my little brother on a show that we started, with our other brother Randy and of course our grandfather, Simon.” Bryan's temporary leave from the show wasn't the only big Idol news Monday night. Seacrest also announced that 20-year-old Park City singer Wyatt Pike had unexpectedly dropped out of the competition, but gave no explanation, which left viewers totally confused and wanting answers. A source close to the show told Yahoo Entertainment, “Wyatt could not continue due to personal reasons, and we cannot comment further,” and left it at that. The final surprising news of the night was when Seacrest revealed "the biggest shake-up in Idol history." Since last season's contestants didn't get their moment to perform on the big stage due to COVID-19 pandemic and subsequent quarantine, Idol is inviting ten of the Season 18 finalists back to perform next week for a spot in this season's competition.
Mozilla revealed that users all across the world will be switched to Amazon’s Silk browser once Firefox ends support.
NEW ORLEANS — Brandon Ingram scored 34 points, Zion Williamson added 30 points and the New Orleans Pelicans held off a furious Sacramento Kings comeback for a 117-110 victory on Monday night. Steven Adams had 16 rebounds and Eric Bledsoe scored 13 points for the Pelicans, who saw their 26-point, second-quarter lead trimmed down four in the final minute when De'Aaron Fox rose up for a 3 that could have made it a one-point game with 14 seconds left. The shot missed and Wes Iwundu rebounded for New Orleans to help secure the victory, which also dropped the Kings to their seventh straight loss. What had looked like a laugher became a tense affair after Fox, who scored 43 points, drained a 19-foot fade to make it 91-84 with 8:33 still remaining. Isaiah Thomas’ floater — his first home basket with the Pelicans — sparked a 9-3 run that included Williamson’s baseline turnaround at the end of the shot clock and a 3 by Ingram to make it 100-87. By the time Sacramento pulled as close as five on Fox's floater, just 2:28 remained. A pivotal sequence occurred soon after, when Adams tapped an offensive rebound of Bledsoe's missed 3 out to Ingram, who converted a contested driving layup to make it 110-101 with 1:02 left. Harrison Barned had 16 points and 11 rebounds for the Kings, who were done in partly by 15 missed free throws. Prior to the game, Kings coach Luke Walton sought to convey a heightened sense of urgency to “stop the bleeding.” “We’ve got to buckle down and put an end to this,” Walton said of the losing streak. His players didn't open the game as if they'd gotten the message. New Orleans led 66-40 after Eric Bledsoe's 3 in the final minute of the second quarter before taking a 68-45 lead into halftime. Sacramento came alive in the second half, trimming 11 points off New Orleans' lead in the third quarter, helped by the Pelicans' 10 turnovers in the period. The Kings might have made it even closer if not for seven missed free throws in the period. On March 30th, after the Kings had won five straight, they led New Orleans in the standings and sat just one game behind Golden State for 10th place in the West, very much in contention for a post-season play-in spot that goes to the seventh through 10th seeds. Now Sacramento sits in 12th, three full games behind 11th-place New Orleans with 18 games remaining in the regular season. TIP INS Kings: Finished 22 of 37 on free throws (59.5%) and also missed 25 of their 35 3-point shots (28.6%). ... Tyrese Haliburton and Delon Wright each scored 12 points. Pelicans: Lonzo Ball missed his third straight game because of soreness in his left hip flexor. “He said he’s making progress," Pelicans coach Stan Van Gundy said before the game. "He’s not ready to play tonight, but he is feeling better.” ... Iwundu and rookie Kira Lewis Jr. each scored 11 points. ... New Orleans outrebounded Sacramento 51-34 and outshot the Kings, 54.5% (42 of 77) to 43.3% (39-90). ... Committed 23 turnovers, which the Kings converted into 27 points. UP NEXT Kings: Host Washington on Wednesday night. Pelicans: Host the New York Knicks on Wednesday night. ___ More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports Brett Martel, The Associated Press
Endangered US rivers at grave risk from dams, mining and global heating. New report lays out dire situation facing the most imperiled rivers but environmental activists say situation is salvable
CHICAGO — First baseman Yu Chang hit Yasmani Grandal with a throw trying to force him at second base as Nick Madrigal raced home with the winning run in the ninth inning, and the Chicago White Sox beat the Cleveland Indians 4-3 on Monday night. Adam Eaton homered in his second straight game and rookie Yermín Mercedes got the winning rally started with one out in the ninth when he singled to shortstop against Emmanuel Clase (1-1). Grandal walked to put runners on first and second before Nick Williams sent a grounder toward Chang. His throw trying to get Grandal at second hit the runner in the head. The ball ricocheted toward the left side of the infield, and Madrigal — running for Mercedes — sped home. Eaton hit a three-run homer in the third against Triston McKenzie. Dallas Keuchel pitched into the sixth for the White Sox after Carlos Rodón was scratched because of an upset stomach. Codi Heuer (1-0) struck out a career-high four over 2 1/3 innings, and Chicago stopped Cleveland’s four-game win streak. Keuchel gave up three runs and three hits. The two-time All-Star, working on four days’ rest, retired 12 in a row following Eddie Rosario’s two-run homer in the second before exiting with the bases loaded and none out in the sixth. Keuchel walked Chang leading off and gave up a single to Jordan Luplow before walking Cesar Hernandez. Evan Marshall came in and struck out José Ramírez. Franmil Reyes tied it at 3 with a sacrifice fly before Rosario struck out. The White Sox loaded the bases in the bottom half, only to come away empty-handed when Cal Quantrill struck out Mercedes and got Grandal to ground into a double play. McKenzie gave up three runs and two hits over four innings in his first start of the season. The 23-year-old right-hander struck out six and walked two. TRAINER'S ROOM White Sox: Manager Tony La Russa said he expects SS Tim Anderson (strained left hamstring) to start Thursday's series finale when he's eligible to come off the 10-day injured list. UP NEXT AL Cy Young Award winner Shane Bieber (0-1, 3.65 ERA) and Chicago RHP Lucas Giolito (1-0, 4.22) meet in a matchup of aces as the AL Central rivals continue their four-game series. Bieber is 2-2 with a 2.94 ERA in eight starts against the White Sox, while Giolito is 2-2 with a 2.62 ERA in seven outings versus Cleveland. ___ More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_Sports Andrew Seligman, The Associated Press
"Rarely has a river been in such need of bold, swift action than the Pacific Northwest’s Snake River," American Rivers said in a statement.
First, Krispy Kreme offered free donuts for people who get COVID vaccinations. Next up could be local governments handing out gift cards. Is that OK?
McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, today released its McAfee Threats Report: April 2021, examining cybercriminal activity related to malware and the evolution of cyber threats in the third and fourth quarters of 2020. In Q4, McAfee Labs observed an average of 648 threats per minute, an increase of 60 threats per minute (10%) over Q3. The two quarters also saw COVID-19-related cyber-attack detections increase by 240% in Q3 and 114% in Q4, while Powershell threats again surged 208% due to continued increases in Donoff malware activity.
For the first time, Canada takes the top spot overall in the 2021 Best Countries Report, a ranking and analysis project by U.S. News & World Report; BAV Group, a unit of global marketing communications company VMLY&R; and the Wharton School of the University of Pennsylvania.
Turkey’s economic turmoil drives Bitcoin frenzy. Investors turn to cryptocurrency after Erdoğan’s sacking of central bank governor caused further fall in lira