Here are the top news, trends, and analysis investors need to start their trading day:
A trader works on the New York Stock Exchange on August 27, 2021.
Samuel Corum | Getty Images News | Getty Images
House Democrats are expected to propose dramatic tax hikes for US corporations, wealthy Americans, and investors to pay their $ 3.5 trillion household bills. The plan provides for a corporate tax increase from 21% to 26.5% and a 3% surcharge on individual incomes over $ 5 million, Reuters said, citing two people familiar with the matter. The Democrats are also considering raising the top tax rate on capital gains from 23.8% to 28.8%. The House of Representatives will return from its summer break on September 20. The Senate will be back on Monday.
A Pfizer-BioNTech Covid-19 vaccine vial will be given on Jan.
Robyn Beck | AFP | Getty Images
based in the USA Pfizer‘s Covid vaccine, developed in collaboration with a German partner BioNTech, could be approved for use in children 5-11 next month, according to two sources familiar with the situation who spoke to Reuters. By then, Pfizer is expected to have enough study data to file an emergency application with the FDA. The two-dose Pfizer shot is already fully approved for adolescents between 12 and 15 years of age in an emergency and for people aged 16 and over.
The headquarters of Ant Group Co. in Hangzhou, China on Wednesday January 20, 2021.
Qilai Shen | Bloomberg | Getty Images
Hong Kong listed shares of Alibaba fell more than 4% overnight after the Financial Times reported that Beijing wants to split up Alipay from Ant Group and force the creation of a separate credit app. US stocks from Alibaba, the e-commerce subsidiary of the Ant Group, was also under pressure in the premarket on Monday. Chinese electric vehicle stocks also fell after the industry minister said there were “too many” electric vehicle manufacturers in China and that industry consolidation was needed. However, EV manufacturer Xpeng‘s stocks stabilized in US pre-trading.
Simu Liu plays Shang-Chi in Marvel’s “Shang-Chi and the Legend of the Ten Rings”.
Disney will show the remainder of this year’s list of films exclusively in theaters rather than simultaneously making them available through its Disney + streaming service. Disney’s “Shang-Chi and the Legend of the 10 Rings” only in theaters has once again crowned the weekend box office after his record debut on Labor Day weekend. “Shang-Chi” in the Marvel Cinematic Universe has grossed nearly $ 250 million worldwide, and there isn’t even a release date in China.