In its current form, the bill provides $52 billion for domestic semiconductor manufacturing, as well as a 30 percent boost in funding for the National Science Foundation and $29 billion for a new science directorate to focus on applied sciences.
“Whoever wins the race to the technologies of the future will be the global economic leader,” Schumer said in a tweet on Tuesday. “We must invest in science, R&D, manufacturing, and innovation.”
SSP Group said the recovery in travel has started but remained cautious about the speed at which trading can return to pre-pandemic levels as it reported heavy losses in the first half of its financial year.
The company, which operates food and beverage outlets at major travel locations around the world, said revenue plunged 79% in the six months to the end of March to £256.7 million, with like-for-like sales plummeting by a similar rate.
While it is the responsibility of states to order vaccines to match demand, states and healthcare providers say the pause in the J&J vaccine rollout left them with far more unused doses than they had planned for. They are seeking federal guidance to redistribute the expiring doses and meanwhile have had to improvise, with some offering lottery tickets or gift certificates to entice people to get vaccinated. Some health systems have redistributed the J&J doses inside and outside their networks, and some states have rerouted them to physician offices, pharmacies or other states.

So, with that said, I'll just start first with I -- Mike and I are aligned on Mike's priorities, which is portfolio transformation, innovation, people, and culture. At the same time, prior to my time, Mike had realigned the businesses into the four go-to-market business units, Safety and Industrial goes through Distribution, Transportation and Electronics goes through a -- it's a spec business, goes through OEM, the Health Care goes through the Health Care segment, and then the Consumer is pretty much the retail business. And then they also -- he also created a pipe that's horizontal, called Enterprise Operations, think about supply chain, customer experience, all end-to-end.
And I'm fully aligned with that too, because at the stage of where 3M is, I think this is a great way to drive growth, to drive efficiency, and also drive strong cash. But with that said, the way I look at it, and I've always said this multiple times, Markus, my belief is that every company, however good they are, has an opportunity to do more. I believe in driving operating rigor through daily management, continuous improvement.
The Biden Administration is to donate 500 million doses of Pfizer covid vaccine globally. Two hundred million are earmarked for this year with the remaining 300 million to be allocate for the first half of next year. The deal is expected to be announced at the G7 mean later today in the UK.
US indices take comfort in US inflation report:
CPI YoY rise to 5% (its most inflationary level since 2008). However, some of its rise can be attributed to the ‘basing effect’ and low figures last year, which are expected to level off in next month’s report. On the month CPI rose 0.6%, down from 0.8% prior. Basically, inflation is rising but not above and beyond expectations and, whilst the jury remains out as to whether it is transitory or not, the Fed is not seemingly under too much pressure to pop the stock market fun and begin ‘talking about talking’ about tapering.
![]()
bearish short term chart.
accumulation peaked.
RSI broke out of descending trend. if can hold will be good.

Q1 Net Revenue: $832 million, grew by 20% year-on-year
- Q1 Gross Margin: 50.2% GAAP gross margin; 64.3% non-GAAP gross margin
- Q1 Diluted income (loss) per share: $(0.13) GAAP diluted loss per share; $0.29 non-GAAP diluted income per share
- Cash and cash equivalents: $523 million
- The dip in Alibaba’s share price does not present a buying opportunity yet and investors should Hold on Alibaba.
- Alibaba’s latest earnings report lowered profit guidance for next year due to reinvestment of a substantial amount of profits back into the core business as a result of heightened competition.
- Alibaba is required to adjust Ant Financial's business model, curb its monopolistic practices, and invest in technological advancements as a result of regulatory pressure.
- Alibaba Cloud has grown slower this quarter due to fallout of a top-class customer, loss of government contracts and a strong rival, Huawei Cloud.
One major shift that is likely to take place in the years ahead is that Exxon (XOM) will reduce its capital expenditure budget. The company had already cut the budget after Covid-19 caused demand to plunge, but its long-term spending plans still indicate that Exxon would be investing heavily in producing oil and gas.
Exxon could also sell considerably more assets where its production isn’t as efficient, and several refineries, the analyst writes. “This would have several benefits, including bringing cash in the door for the balance sheet, streamlining the asset base and providing a headline ESG (environmental, social and governance impact) reduction,