Australian ‘state’ to deploy military, impose hefty fines to enforce virus lockdown – Reuters

SYDNEY (Reuters) - Australia’s second-most populous state Victoria said on Tuesday military personnel will be deployed to enforce COVID-19 isolation orders, with anyone caught in breach of those rules facing tough new fines. Victoria earlier this week imposed a night curfew, tightened restrictions on people’s daily movements and ordered large parts of the local economy …

U.S. agrees to pay Pfizer and BioNTech $2 billion for coronavirus vaccine 

Under the agreement, the U.S. will get 100 million doses of the vaccine, if it works, and can acquire 500 million additional doses if needed. The U.S. will pay Pfizer and biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine if it proves safe and effective, the companies …

Congress created virus aid, then reaped the benefits – SFGate

WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure from Congress and outside groups, the Trump administration this week disclosed …

Wall Street Gold Rush on Record Profit

(Bloomberg) -- Morgan Stanley wrapped up a week of wins for Wall Street trading desks, capitalizing on the Federal Reserve’s extraordinary rescue measures with record profit. Fixed-income trading revenue almost tripled, driving a 73% jump in total trading that surged past expectations, according to a statement Thursday. That spurred firmwide revenue and earnings to all-time …

Goldman Sachs shares rise as earnings blow past the Street on the best trading results in years

Goldman said it generated $2.42 billion in profit, or $6.26 a share, crushing the $3.78 a share estimate of analysts surveyed by Refinitiv. It was the New York-based bank’s biggest earnings outperformance in nearly a decade. Revenue of $13.3 billion was more than $3.5 billion higher than the estimate, fueled by strong results in its trading and investment …

Executives at Bankrupt Companies Scored $131 Million in Bonuses

(Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.That’s how much was promised to executives only weeks or in some cases days before bankruptcy, according to a Bloomberg analysis of regulatory filings. Of the 100 or so …