Global shares mixed…Facebook whistleblower on the Hill
UNDATED (AP) – Global shares are mixed after a broad slide on Wall Street led by technology companies. In early European trading, Germany’s DAX picked up 0.3% and the CAC 40 in Paris gained 0.6%. In London, the FTSE 100 advanced 0.5%. In Asian trading, Tokyo’s Nikkei 225 closed 2.2% lower and the Kospi in Seoul dropped 1.9%. Hong Kong’s Hang Seng index gained 0.3%. Wall Street futures are higher, with Dow and S&P 500 futures up 0.2%.
WASHINGTON (AP) – Facebook whistleblower Frances Haugen is expected to appear on Capitol Hill today. The former Facebook data scientist is testifying at a hearing before the Senate Commerce subcommittee on consumer protection. Haugen stunned lawmakers and the public with revelations of Facebook’s awareness of apparent harm to some teens from Instagram and her accusations of dishonesty in its fight against hate and misinformation.
WASHINGTON (AP) – Johnson & Johnson has asked U.S. regulators to allow booster shots of its COVID-19 vaccine as the U.S. government moves toward shoring up protection in more vaccinated Americans. J&J says it filed data with the Food and Drug Administration on giving a booster dose between two to six months after vaccination. The U.S. government last month authorized booster doses of Pfizer’s vaccine in vulnerable groups. A panel of FDA advisers meets next week to consider boosters for both J&J and Moderna vaccines.
LONDON (AP) – The British government is facing calls to tighten up defenses against “dirty money” after a leak of offshore data showed how London, especially, is the venue of choice for some of the world’s richest and most powerful people to conceal their cash. The cache of almost 12 million files, dubbed the “Pandora Papers” and published by the International Consortium of Investigative Journalists and its media partners, sheds light on the financial activities of many members of the global elite. The documents reportedly show how prominent figures from around the world set up offshore companies to secretly buy property.
BEIJNIG (AP) – A mid-size Chinese real estate developer has failed to make a $205.7 million bond payment, adding to financial strain in the industry as a bigger rival tries to avoid defaulting on billions of dollars of debt. In a statement issued through the Hong Kong Stock Exchange, Fantasia Holdings Group says it missed the payment deadline. It gave no explanation. Some Chinese developers are struggling to repay debt after regulators tightened limits last year on their use of borrowed money. That is fueling fears about possible defaults and turmoil in financial markets.