Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live

Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live

US Federal Reserve chair Jerome Powell said the US is ‘getting back on a disinflationary path,’ minutes of Fed’s June meeting due later today

Several rich individuals in the UK are reportedly selling shares, property and other assets days before an expected landslide for the Labour party, which they fear would raise capital gains tax.

Financial planners representing wealthy people told the Financial Times that some clients, from corporate chief executives to entrepreneurs, were offloading investments.

We are excited about our flu/Covid-19 programmes and the opportunity to develop best-in-class mRNA vaccines to change the standard of care. With this new agreement, we will apply GSK’s capabilities, partnerships and intellectual property to CureVac’s technology, to deliver these promising vaccines at pace.

The collaboration with GSK has been instrumental in developing promising, late clinical-stage vaccine candidates, leveraging our proprietary mRNA platform. This new licensing agreement puts us in a strong financial position and enables us to focus on efforts in building a strong R&D pipeline.

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