Financial Post

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• Apple backs far-reaching emissions disclosure rules
• Facebook faces formal Irish privacy probe into data leak that affected half a billion users
• Will Ottawa unveil new taxes in the budget next week?
• Moderna COVID-19 shot production unlikely to significantly increase in next few months -CEO
• Oil climbs 5% on signs of increasing crude demand
• U.S. utilities want protection from Biden’s tight timeline in clean energy mandate
• Coinbase valued at $100 bln in Nasdaq debut
• Investors on death of notorious Wall Street scammer Bernie Madoff
• GM to announce second U.S. battery plant, in Tennessee, with LG Chem -sources
• Powell: QE taper likely ‘well before’ interest rate increase

Apple backs far-reaching emissions disclosure rules Posted: 14 Apr 2021 10:48 AM PDT Apple Inc on Tuesday called for the U.S. Securities and Exchange Commission (SEC) to require companies to disclose far-reaching emissions information such as how customers use their products, according to a tweet from Apple Vice President Lisa Jackson. Read More

Facebook faces formal Irish privacy probe into data leak that affected half a billion users Posted: 14 Apr 2021 10:46 AM PDT Facebook Inc. faces a formal probe by its main privacy regulator in the European Union following the leak of the personal data of more than half a billion users of the social media service. Read More

Will Ottawa unveil new taxes in the budget next week? Posted: 14 Apr 2021 10:45 AM PDT Dino Infanti Partner, National Leader, Enterprise Tax KPMG, talks with Financial Post's Larysa Harapyn about whether Ottawa will unveil new taxes in the budget. Read More

Moderna COVID-19 shot production unlikely to significantly increase in next few months -CEO Posted: 14 Apr 2021 10:44 AM PDT The pace of Moderna Inc's COVID-19 vaccine production is unlikely to speed up markedly in the next few months, though the drugmaker expects its manufacturing capacity to expand significantly by 2022, Chief Executive Stephane Bancel said during a Wednesday investor call. Read More

Oil climbs 5% on signs of increasing crude demand Posted: 14 Apr 2021 10:44 AM PDT NEW YORK -- Oil prices surged 5% on Wednesday, after a report from the International Energy Agency, followed by U.S. inventory data boosted optimism about returning demand after the coronavirus lockdowns last year crushed fuel consumption. Read More

U.S. utilities want protection from Biden’s tight timeline in clean energy mandate Posted: 14 Apr 2021 10:43 AM PDT The U.S. power industry is willing to comply with a proposed requirement that it eliminate carbon emissions by 2035 as long as it has flexibility on how to achieve that goal and the ability to miss compliance deadlines that prove unrealistic, according to the nation's top electric utility lobby group. Read More

Coinbase valued at $100 bln in Nasdaq debut Posted: 14 Apr 2021 10:42 AM PDT Cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets. Read More

Investors on death of notorious Wall Street scammer Bernie Madoff Posted: 14 Apr 2021 10:27 AM PDT NEW YORK -- Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Read More

GM to announce second U.S. battery plant, in Tennessee, with LG Chem -sources Posted: 14 Apr 2021 10:23 AM PDT General Motors Co and South Korean joint-venture partner LG Chem Ltd will announce a second U.S. battery cell manufacturing plant on Friday, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee, three people familiar with the matter said. Read More

Powell: QE taper likely ‘well before’ interest rate increase Posted: 14 Apr 2021 10:23 AM PDT WASHINGTON -- The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said on Wednesday, clarifying the order of monetary policy changes that are still months if not years in the future. Read More

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