Mohamed El-Erian on the U.S. economic recovery from coronavirus

The U.S. economic recovery has been held back because Americans lack trust with one another over the coronavirus, Mohamed El-Erian told CNBC on Thursday. 

“It is very difficult for any individual to be certain whether the other person is healthy or not, and that other person is not certain whether you’re healthy or not,” El-Erian said in a “Squawk Box” interview. “So until we have a way of saying, ‘the probability of us getting sick is low,’ then you’re going to have hesitancy.” 

El-Erian, chief economic advisor at Allianz, compared the situation to increased counterparty risk during the financial crisis, when banks lost confidence in other financial institutions being able to meet their obligations in a transaction. 

“When banks don’t trust each other, they step back. What we’re having here is human counterparty risk,” he said. “I know lots of people who are able to go out and interact in

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Regenerative Medicine Market Size, Share to Grow Significantly Over 2020-2025 – Industry News

The MarketWatch News Department was not involved in the creation of this content.

Sep 17, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, Has Added A New Report On Regenerative Medicine Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Regenerative Medicine Market In Tandem With Its Competitive Terrain.

The prevalence of diseases Alzheimera??s, diabetes and other chronic disorders is higher among the aging population across the globe. The incidence of diseases is getting increased day by day among the population. According to the Alzheimera??s Association, it is the 6th leading cause in the United States in 2020 and around 5 million individuals are living with Alzheimera??s. The use of regenerative medicine is getting popular

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AHPA Virtual Sports Nutrition Congress to identify opportunities and challenges for growing industry |

Silver Spring, MD, Sept. 17, 2020 (GLOBE NEWSWIRE) — The American Herbal Products Association (AHPA), is excited to present the virtual Sports Nutrition Congress on Oct. 21 to deliver critical information that will help companies capitalize on opportunities, address challenges and help ensure the long-term success of the perpetually growing sport and fitness food and supplement industry.

“This first-of-its-kind event will showcase industry and sports nutrition experts who will cover key sport nutrition industry issues providing the most up-to-date information, resources and practical tools and guidelines,” said AHPA Sports Nutrition Committee Chair Robert Wildman who serves as Chief Science Officer at Post Active Nutrition Brands.

“For more than a decade, AHPA’s Sports Nutrition Committee has guided companies to best practices that help businesses succeed while also promoting the responsible commerce of sports nutrition products. The committee leverages AHPA’s expertise working with regulators, industry veterans and legal experts to identify challenges

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Cetera Welcomes Nestlehut Financial Services

LOS ANGELES, Aug. 26, 2020 /PRNewswire/ —  Cetera has announced the affiliation of Nestlehut Financial Services, a boutique financial planning team located in the Chicagoland area. The team of nine provides holistic planning services and supports nearly 700 families with assets under management of $275 million.

Nestlehut has been offering financial planning services to clients for 40 years. The office holds professional development and training in high regard and emphasizes personalized customer service with an efficient and confidential delivery to its investors.

Principle of the firm, Financial Advisor, Thomas Nestlehut, said, “In evaluating the evolution of our firm, opportunities for cost savings and more robust technology for our clients were top considerations. Platforms like Cetera’s AdviceWorks™ create an environment for efficiency in managing our clients’ money and an enhanced digital experience for investors which is key in today’s virtual business environment.”

Brett Harrison, Head of Traditional

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Cloud management software provider Sumo Logic prices IPO above the range at $22

Sumo Logic, which provides on-demand cloud log management solutions to enterprises, raised $326 million by offering 14.8 million shares at $22, above the range of $17 to $21. Existing shareholder Tiger Global had indicated on buying up to 10% of the shares in the offering. At pricing, the company raised 16% more in proceeds than anticipated.

Sumo Logic plans to list on the Nasdaq under the symbol SUMO. Morgan Stanley, J.P. Morgan, RBC Capital Markets and Jefferies acted as lead managers on the deal.

The article Cloud management software provider Sumo Logic prices IPO above the range at $22 originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS),

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Apellis Announces Submission of Pegcetacoplan Marketing Applications to FDA and EMA for Patients with PNH

WALTHAM, Mass., Sept. 15, 2020 (GLOBE NEWSWIRE) — Apellis Pharmaceuticals, Inc. (Nasdaq: APLS), a global biopharmaceutical company and leader in targeted C3 therapies, today announced that the company has submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) and a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for pegcetacoplan for the treatment of paroxysmal nocturnal hemoglobinuria (PNH) in the United States and European Union, respectively.

“Pegcetacoplan has demonstrated its potential to elevate the standard of care in PNH and the submissions of the U.S. and EU marketing applications represent an important step in our efforts to bring the first targeted C3 therapy to people with PNH as quickly as possible,” said Federico Grossi, M.D., Ph.D., Chief Medical Officer of Apellis. “Building on our progress with the FDA and EMA, we are also proud that the TGA has granted pegcetacoplan orphan drug

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It’s a mistake to get election information on social media

If a Facebook page or an Instagram post is offering the location of your polling place, you should double check that with your local elections office, the FBI director said Thursday at a congressional hearing. Better yet, don’t get your election information from social media at all. 



a close up of a sign: Go to your local elections website for the reliable information, the FBI director said. Angela Lang/CNET


© Provided by CNET
Go to your local elections website for the reliable information, the FBI director said. Angela Lang/CNET

The House Committee on Homeland Security hosted on Thursday its annual worldwide threats hearing, where intelligence agencies in past years have warned about international cyberattacks and online disinformation. 

Disinformation campaigns remained a focus of Thursday’s hearing. FBI Director Christopher Wray warned that Russia is looking to influence the 2020 US presidential election by attacking Democratic nominee Joe Biden on social media. 

Trump’s top cybersecurity official: Mail-in ballots are safe

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Wray’s testimony confirms findings from the Office of the

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New Thai restaurant opening in San Antonio’s Five Points neighborhood Friday

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INSTAGRAM / S.A.VORY

SA’s Five Points area will soon be home to a new Thai curbside and delivery spot, MySA reports.

Owned by husband-and-wife team Jerry Gonzales and Siwaporn Archariya, Hew by Akhanay Coffee Roasters serve up authentic Thai street food, coffee and teas for at-home enjoyment.




Menu items available at Friday’s soft opening will include the classic Thai stir-fry pad krapow — made with garlic, Thai chili, and lots of holy basil — plus wing zaap, chicken drumettes seasoned with homemade sweet, spicy and salty seasoning.


Hew will operate from a commercial kitchen at 1430 N. Flores St., pumping out a small menu that can be ordered for curbside service via the eatery’s website, or for delivery via Favor or Postmates. The soft opening will run 5 p.m. to 9:30 p.m. Friday.


Gonzales, whose coffee roasting

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Dalfen Industrial Acquires Property in Alpharetta, GA

Shiloh Crossing Distribution Center is located in the North Central submarket of Atlanta – an area of Atlanta whose demand for industrial properties consistently outpaces supply. The acquisition of these two properties comes off the heels of the Dalfen’s recent purchase of Northfield Fulfillment Center located in the same highly desired submarket. Alpharetta has one of the highest median household incomes in the Atlanta metro area. Within a 30-minute drive from the property, you can access over 1 million people.

“We are very excited to add these assets to our rapidly growing Atlanta portfolio – a market that is a critical southeast distribution hub. The sustained business and population growth that the Atlanta market has achieved is tremendous. As available land continues to be scarce, the ever-increasing barriers to entry will lead to the continued increase in the property’s strategic importance,” said Kevin Caille, Market Officer at Dalfen Industrial.

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Investor Proposes Technology Application to Stimulate Tourism Industry Rebound

Mexico City, Mexico, Sept. 07, 2020 (GLOBE NEWSWIRE) — JORGE LEAL KIRCHBACH- an expert on economic and tourism issues and a partner at Fibra Kapital, professes that the integration of technology in the tourism industry is the key to its eventual rebound. With 20 years of experience investing in hotels, he already has anticipated in previous months the complications that the current crisis will bring to the tourism industry. 

After hotel occupancy rates dramatically plummeted in previous months due to the COVID-19 pandemic, Leal Kirchbach noted that the industry experienced dreadful setbacks. Cutting down of salaries and forced under-staffing in many hotels and airlines pushed such occupancy rates to an all-time low. 

According to the Organization for Economic Cooperation and Development (OECD), worldwide tourism took a dramatic fall by 60 to 80 percent during the lockdown. In such circumstances, Kirchbach affirmed that technology is a great tool to set the

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