Moderna Inc’s highly effective Covid vaccine, in addition to protecting millions, is officially a cash cow. The company disclosed during its earnings presentation that it expects the shot to generate $20 billion in sales this year. Now it has to figure out what to do with its windfall as it tries to justify a market valuation that has surged by ...

“Some modest tightening of monetary policy over the forecast period is likely to be necessary” was how the Bank of England worded the forward guidance at its quarterly review on Thursday. It sounded like tough talk. Indeed, the BOE is the first of the major central banks to set out a template for reducing stimulus, with parameters for when the ...

Bloomberg The UK’s long-promised strategy for reducing carbon emissions from heating drafty homes will be published next month, Business Secretary Kwasi Kwarteng said, as the government gears up to host a key climate change summit in the fall. During a media round, Kwarteng suggested the so-called heat and buildings strategy may include a plan for phasing out gas boilers. He ...