Month: August 2020

Peter Navarro, director of the National Trade Council, speaks to members of the media outside the White House in Washington, D.C., on Friday, Aug. 28, 2020. Stefani Reynolds | Sipa | Bloomberg | Getty Images A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the
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CRYPTIC: Restricted stock, restricted stock units, and restricted securities sound alike but are not … [+] the same. It’s important for employees to know which they have. getty Grants of restricted stock or restricted stock units (RSU) have become the equity compensation of choice for many public companies and some larger private companies. They may
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Dr. Nita Patel, Director of Antibody discovery and Vaccine development, lifts a vial with a potential coronavirus, COVID-19, vaccine at Novavax labs in Gaithersburg, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images American vaccine developer Novavax announced Monday that it’s
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Exclusivity clauses, even in a nonbinding term sheet, can blow up in your face if you’re not … [+] careful. RANJAN SAMARAKONE Early in any substantial real estate transaction, the parties will typically create a term sheet (or letter of intent) to describe the basic business terms of their possible transaction. They’ll put down on
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In a recently released memorandum, the IRS discussed the taxation of convertible virtual currency received in a crowdsourcing market.  The issue presented in the chief counsel advice memorandum was “Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?” The memorandum concluded that, yes, convertible
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China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.  The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed
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China’s five largest banks reported their biggest profit declines in at least a decade as they brace for further increases in bad loans in an economy weakened by the coronavirus pandemic. The five lenders — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communications —
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