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    SpaceX Crew-2 reaches orbit, with Elon Musk's company launching 10 astronauts in under a year

    SpaceX launched a group of astronauts for NASA early on Friday morning, with Elon Musk’s company now having sent 10 astronauts to space in under a year.The Crew-2 mission, the company’s second operational crew launch for NASA and its third to date, reached orbit after launching from NASA’s Kennedy Space Center in Florida at 5:49 a.m. ET. A SpaceX Falcon 9 rocket carried the four astronauts to space in the company’s Crew Dragon spacecraft named Endeavour.The launch marked multiple new firsts for SpaceX, with the company reusing both a rocket and a capsule for the mission, as well as surpassing the total number of astronauts launched to space under the Mercury program that began in 1958.In this handout provided by NASA, Acting NASA Administrator Steve Jurczyk watches the launch of a SpaceX Falcon 9 rocket from the balcony of Operations Support Building II carrying the company’s Crew Dragon spacecraft on NASAs SpaceX Crew-2 mission with NASA astronauts Shane Kimbrough and Megan McArthur, ESA (European Space Agency) astronaut Thomas Pesquet, and Japan Aerospace Exploration Agency (JAXA) astronaut Akihiko Hoshide onboard on April 23, 2021 at NASA’s Kennedy Space Center in Cape Canaveral, Florida.NASA | Getty Images”It was just spectacular,” acting NASA administrator Steve Jurczyk said after the Crew-2 mission launched. “Our partnership with SpaceX has been tremendous.”SpaceX’s Crew Dragon capsule — carrying NASA astronauts Shane Kimbrough and Megan McArthur, Japan’s Akihiko Hoshide and Thomas Pesquet of France — is on its way to the International Space Station. The mission is scheduled to dock with the ISS about 24 hours after launch, at around 5:10 a.m. ET on Saturday.”We’re just glad to be back in space, and we’ll send our regards to Crew-1 when we get there,” Kimbrough said, speaking from the spacecraft after the launch.The Crew-2 team will perform a full duration mission on the ISS, spending about six months on board. The four will join the Crew-1 astronauts, who launched in November, before the latter team’s Crew Dragon capsule Resilience undocks and returns to Earth.Acting NASA Adminstrator Steve Jurczyk (L hidden) and SpaceX Chief Engineer Elon Musk (C) speak with NASA astronaut Bob Benkhen (R) before Crew-2 NASA astronauts Shane Kimbrough and Megan McArthur, ESA (European Space Agency) astronaut Thomas Pesquet, and Japan Aerospace Exploration Agency (JAXA) astronaut Akihiko Hoshide, depart the Neil A. Armstrong Operations and Checkout Building for Launch Complex 39A to board the SpaceX Crew Dragon spacecraft for the Crew-2 mission launch, April 23, 2021, at NASA’s Kennedy Space Center in Florida.Gianrigo Marletta | AFP | Getty ImagesAfter the launch, SpaceX also landed the booster of its Falcon 9 rocket, which is the large, lower section of the rocket. This Falcon 9 rocket booster previously launched the Crew-1 mission in November, and SpaceX plans to continue using it to launch future missions.”Thrilled to be part of advancing human spaceflight and looking forward to going beyond Earth orbit to the Moon and Mars, and helping make humanity a spacefaring civilization,” Musk said during a post-launch press conference.SpaceX developed its Crew Dragon spacecraft and fine-tuned its Falcon 9 rocket under NASA’s Commercial Crew program, which provided the company with $3.1 billion to develop the system and launch six operational missions.Commercial Crew is a competitive program. NASA also awarded Boeing with $4.8 billion in contracts to develop its Starliner spacecraft — but that capsule remains in development due to an uncrewed flight test in December 2019 that experienced significant challenges.In this handout image provided by NASA, (L-R) ESA (European Space Agency) astronaut Thomas Pesquet, NASA astronauts Megan McArthur and Shane Kimbrough, and Japan Aerospace Exploration Agency (JAXA) astronaut Akihiko Hoshide, wearing SpaceX spacesuits, prepare to depart the Neil A. Armstrong Operations and Checkout Building for Launch Complex 39A to board the SpaceX Crew Dragon spacecraft for the SpaceX Crew-2 mission at NASA’s Kennedy Space Center on April 23, 2021, in Cape Canaveral, Florida.NASA | Getty ImagesCrew-2 represents the second of those six missions for SpaceX, with NASA now benefiting from the investment it made in the company’s spacecraft development.NASA emphasizes that, in addition to giving the U.S. a way to send astronauts to space, SpaceX offers the agency a cost-saving option. The agency expects to pay $55 million per astronaut to fly with Crew Dragon, as opposed to $86 million per astronaut to fly with the Russians. NASA last year estimated that having two private companies compete for contracts saved the agency $20 billion to $30 billion in development costs. More

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    Presumptive top NFL draft pick Trevor Lawrence announces first endorsement deal — with Gatorade

    Source: GatoradeIt’s about to get real for star-studded quarterback Trevor Lawrence.The 21-year-old presumptive No. 1 NFL draft pick announced Friday he has signed his first endorsement deal — with Gatorade.The Clemson quarterback, who is expected to be drafted on Thursday by the Jacksonville Jaguars, has signed a multiyear deal with the sports drink company and will be part of their marketing efforts and national campaigns.Lawrence is the first quarterback to sign with Gatorade since Cam Newton and joins other young rising stars such as Fernando Tatis Jr., Zion Williamson, Jayson Tatum and Mallory Pugh also with the brand. Exact terms of the detail were not disclosed.”It has been a staple in my sports journey since I was a kid, so I couldn’t be more excited to join the brand,” Lawrence told CNBC. “I don’t just look at the financial aspects of it, but do I really fit with companies? … I always have to ask myself, ‘Is this me?’ So Gatorade was an easy choice,” he said.Lawrence said his taste for Gatorade has gone back years. At Clemson, he used its protein products to build muscle and maintain his weight. He said his favorite flavor of Gatorade is Berry Rain.”We want to work with athletes who are leaders among their peers, committed to performance and authentic users of our products,” said Jeff Kearney, Gatorade global head of sports marketing. “Trevor is all of those things, and with his help we hope to inspire and fuel the next generation of athletes.”Gatorade dominates the U.S. sports drink category, holding a 72% market share of retail sales, according to Euromonitor. Coke’s Powerade is number two with 16% share.Lawrence holds great appeal to brands, according to marketing experts.”He has a proven track record, he isn’t shy, and isn’t afraid to take a stand on issues,” said Joe Favorito, sports marketing consultant and professor at Columbia University.During his three year career at Clemson, Lawrence led the Tigers to a national championship, was a Heisman runner-up, was 34-2 as a starter and adored by fans.Favorito said when it comes to athlete endorsers, Lawrence reminds him a lot of a former New York Giants quarterback Eli Manning.”He wasn’t Joe Namath when he came to New York, you know, loud and boastful, he let his athletics do the talking and then figured out how to be a great brand marketer,” Favorito said.Fans in Jacksonville area are already embracing the quarterback, buying him and his wife wedding gifts and donating to their favorite charities.Lawrence said despite the big payday coming up, not much will change for him and he’s not planning any big splurges. His focus remains on football, and his first goal is earning the respect of his teammates.”It’s really just not changing anything, just being who I am,” he said. “Making sure money doesn’t ever change me. It won’t, but honestly I’m not too concerned with it [the money].”He said he has financial advisors to make sure his savings are well accounted for but he still plans to be involved.”If I’m going to have money invested in something or in a few different things, I want to know what’s going on and be educated,” he said. The Tigers star said he’s kept a watchful eye on his colleagues starting NFTs and he’s be open to it in the future.”I definitely think there is a future in that and it will be cool to see that unfold,” he added.When it comes to social media, Lawrence has the highest earning potential among draft prospects, according to athlete marketing firm Opendorse. He can expect to earn millions more over the course of his career via social media alone. Opendorse said he has the ability to command $10,000 per tweet or $50,000 per Instagram post.In addition to Gatorade, Lawrence is expected to sign an apparel deal with Adidas, joining the ranks of Patrick Mahomes and Aaron Rodgers, who are also Adidas endorsers.The only thing that could stand in his way long term: winning.”The downside of course is, he’s going to a place that is rebuilding but that’s nothing he can control and that’s nothing a brand can control,” said Favorito. “It’s very rare that you will see an athlete be unbelievably successful for the long run if they don’t perform well on the field.” More

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    Stocks making the biggest moves in the premarket: Kimberly-Clark, Boston Beer, Mattel & more

    Take a look at some of the biggest movers in the premarket:Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of challenges during the quarter, including supply chain issues and difficult comparisons to a year ago when consumers stocked up on items as the pandemic began.Boston Beer (SAM) – The Sam Adams brewer surged 7.6% in premarket action after beating top and bottom line estimates by a wide margin for its latest quarter. Boston Beer’s results were helped by a jump in sales for its Truly hard seltzer brand.Mattel (MAT) – The toy maker’s shares rallied 6.8% in premarket action after it reported record 47% sales growth for its latest quarter compared to a year ago. Mattel reported a much smaller-than-expected loss, but revenue beat forecasts on strong sales of toys like Barbie dolls and Hot Wheels cars.American Express (AXP) – American Express reported first-quarter profit of $2.74 per share, beating the consensus estimate of $1.61 a share. The financial services company’s revenue came in slightly short of forecasts. The bottom line was helped by $1.05 billion in credit reserve releases as the macroeconomic environment improved. American Express shares fell 2.2% in premarket trading.Honeywell (HON) – The industrial conglomerate beat estimates by 12 cents a share, with quarterly earnings of $1.92 per share. Revenue beat estimates as well. Sales for Honeywell’s aerospace segment declined, but it saw strength in its safety and productivity business. Honeywell shares slid 1.5% in the premarket.Schlumberger (SLB) – The oilfield services company’s shares rose 1.4% in the premarket after it reported better-than-expected profit and revenue on improved international drilling activity. That follows upbeat reports earlier this week from rivals Halliburton (HAL) and Baker Hughes (BKR).Intel (INTC) – Intel fell 2.2% in premarket trading despite beating estimates on both the top and bottom lines for the first quarter. Investors are focusing on a lighter than expected full-year sales forecast, even though the chipmaker raised that outlook from its prior guidance.Snap (SNAP) – The parent of Snapchat reported a breakeven quarter, compared to consensus forecasts for a 6 cents per share loss. Revenue also beat estimates, as did user growth for Snapchat, and the stock rallied 4.5% in the premarket.Seagate Technology (STX) – The hard disk drive maker’s shares slipped 2% in the premarket despite better-than-expected profit and revenue for its latest quarter. Seagate forecast slightly better-than-expected profit for the full year, with its revenue projection roughly in line with Wall Street forecasts.Skillz (SKLZ) – The esports platform surged 10.1% in premarket trading following news that Cathie Wood’s ARK funds bought another 1.2 million shares following a 5 million share purchase on Wednesday.Skechers (SKX) – The footwear maker beat estimates on the top and bottom lines for its latest quarter, boosted by strong overseas demand for its shoes. Skechers shares soared 10.4% in premarket action.World Wrestling Entertainment (WWE) – The media and entertainment company’s shares rose 2.9% in premarket action after it reported better-than-expected profit and revenue for the first quarter. Profit fell from a year ago, however, reflecting a decline in live events due to the pandemic.Skyworks Solutions (SWKS) – The chipmaker is buying the infrastructure and automotive business of Silicon Labs (SLAB) for $2.75 billion in cash. The deal will help Skyworks expand into new markets like electric vehicles and 5G technology. Skyworks rose 4.1% in the premarket, while Silicon Labs rallied 12.3% after saying it would return $2 billion of the deal’s proceeds to shareholders.Harley-Davidson (HOG) – The motorcycle maker’s stock fell 2.6% in the premarket after Morgan Stanley downgraded it to “underweight” from “equal-weight.” The stock rallied after strong first-quarter earnings, but Morgan Stanley said recent positive dynamics are now priced in and that investors are underappreciating the challenges that lie ahead. More

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    California's Cal State and UC to require Covid vaccinations for the fall semester

    Students on the UC Berkeley campus on March 4, 2020 in Berkeley, California.Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers via Getty ImagesCalifornia State University and the University of California announced Thursday they will require all students, staff and faculty who plan to be on campus to be vaccinated against Covid.The two California university systems are the largest among dozens of higher education institutions that will require vaccinations for the fall semester, with more than 1 million students and staff affected by the decision. Students and staff will be able to request exemptions based on medical or religious reasons as they would with other mandatory vaccines.”Together, the CSU and UC enroll and employ more than 1 million students and employees across 33 major university campuses, so this is the most comprehensive and consequential university plan for COVID-19 vaccines in the country,” said Cal State Chancellor Joseph I. Castro.The universities hesitated to make the decision previously because of legal questions around requiring vaccines that have not been fully approved by the Food and Drug Administration. The Pfizer-BioNTech and Moderna vaccines are being distributed under emergency-use authorization, but the companies expect FDA approval by the fall.Both universities are planning to operate mostly in-person for the semester.Vaccines are a “key step people can take to protect themselves, their friends and family, and our campus communities while helping bring the pandemic to an end,” said UC President Michael V. Drake, a physician.Some health experts believe that requiring vaccinations for college and universities will help stop the spread of Covid among young people, who have been increasingly at risk for severe illness from variants that are rapidly mutating and spreading.California recorded almost 2,000 new cases of Covid-19 on Wednesday and a “double mutant” Covid variant was recently detected in the state. The state has plans to reopen businesses by June 15 while keeping a mask mandate in place. Almost half of adults in the state have received at least one dose of a coronavirus vaccine. More

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    China's fintech giants are hitting roadblocks in planned listings at home

    In this articleANTMAn employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021.Qilai Shen | Bloomberg via Getty ImagesMonths after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the mainland, analysts told CNBC.According to EY’s Asia-Pacific IPO leader, Ringo Choi, few firms in the fintech sector have managed to list on mainland exchanges in Shanghai and Shenzhen.”For financial technology, you can see that … some of the largest one(s), if they’re competing with the bank or insurance company, they will have a hard time,” Choi told CNBC.Last Friday, the China Securities Regulatory Commission announced a series of updated guidelines for companies seeking to list on the Shanghai’s STAR market — the Nasdaq-style tech board officially known as the Shanghai Stock Exchange Science and Technology Innovation Board.One of the guidelines was that financial technology companies were banned from listing on the STAR board. “Real estate and firms mainly engaged in financial services and investment businesses are prohibited from listing on the Science and Technology Innovation Board,” the CSRC said in the release.The latest development presents yet another obstacle for Chinese fintech companies looking to list on the mainland.It comes weeks after Chinese e-commerce giant JD.com withdrew the planned listing of its financial technology arm on the STAR market.The current IPO climate is a stark contrast to the situation less than six months ago, when a slew of Chinese start-ups were planning to list domestically. One such listing was the highly-anticipated public debut of Alibaba-affiliate Ant Group — poised at that time to become the world’s largest IPO.Ant’s planned listing — set to take place in both Shanghai and Hong Kong — was abruptly shelved days before the debut after top executives including its founder and controller, Jack Ma, were summoned by Chinese regulators for questioning.The unexpected suspension largely marked a turning point in Beijing’s stance toward its domestic technology giants including fintech firms, which had enjoyed largely unencumbered growth for years.”The sentiment for this sector face(s) some questions,” Bruce Pang, head of macro and strategy research at China Renaissance Securities (Hong Kong), told CNBC.He said firms in the financial technology sector are now looking toward Ant’s “rectifications” of its business as an “example” for others that are looking to list on the mainland.Earlier in April, Chinese regulators ordered Ant — which runs the massively popular mobile payments app Alipay in China — to revamp its business. Reuters reported over the weekend that the fintech powerhouse is exploring options for its founder Ma to divest his stake and give up control — but Ant swiftly denied those claims as “untrue and baseless” in a post from its official Twitter account.Looking elsewhereFinancial technology firms that are currently facing a “closed door” trying to raise capital on the STAR board may seek listings elsewhere, said Pang.The U.S. and Hong Kong are still viable options for Chinese financial technology firms looking for alternative destinations to go public, according to the analysts. One example of a Chinese fintech firm that has successfully listed outside the mainland is Lufax, which had a U.S. IPO in late 2020.The Securities and Exchange Commission will likely “give a pass” to Chinese firms wanting to list in the U.S. as long as the companies are able to meet the requirements of full disclosure, said EY’s Choi. As for Hong Kong, the process may be “more stringent,” but they still have a chance to go public too if the requirements are met.Still, potential delisting concerns for Chinese firms stateside may weigh on investor sentiment. Under a new law passed by the administration of Donald Trump, the SEC can stop the trading of securities that fail to meet its auditing requirements.— CNBC’s Evelyn Cheng contributed to this report. More

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    China's best-selling, GM-backed electric car brand launches a mini convertible

    In this article104-SZ305-HKGMWuling Motors unveiled a convertible model of its highly popular budget mini electric car at the Shanghai auto show in April 2021.Evelyn Cheng | CNBCSHANGHAI – General Motors’ joint venture in China is launching a miniature electric convertible under a low-cost brand that has soared in popularity in the last year.Called the Hongguang Mini EV Cabrio, the convertible will begin mass production next year, according to a release. Details on pricing and availability weren’t available at the time of the vehicle’s unveiling at the Shanghai auto show this week.The car is the latest from the popular Hongguang Mini EV line developed by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor. GM China has a 44% stake, while SAIC holds 50.1%, according to GM’s website.The initial Hongguang Mini EV launched in July with a starting price of just a couple thousand U.S. dollars. It has sold more than 270,000 units over 270 days, according to the company.That Mini EV was second only to Tesla’s Model 3 by the number of new energy cars sold in China last year and climbed past it into first place during the first quarter, according to figures from the China Passenger Car Association.Another new model from Hongguang Mini EV, the Macaron, has received more than 45,000 orders in just 10 days, according to a release.General Motors and its joint ventures delivered more than 780,000 vehicles in China in the first quarter of 2021, with the Hongguang Mini EV accounting for about 9%, according to GM. More

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    Surging Covid cases globally send medical supplier stocks higher in Singapore

    In this articleTPGC-MYRVHL-SGUGHE-SGMTCS-SG.STILatex gloves are filled with water in a watertight test room at a Top Glove factory in Selangor, Malaysia, on Dec. 3, 2015.Charles Pertwee | Bloomberg | Getty ImagesSINGAPORE — Shares of several medical suppliers in Singapore have jumped this month, coinciding with a renewed surge in daily global Covid-19 infections.Singapore-listed shares of Top Glove, the world’s largest medical glove maker, have risen 18.4% as of Thursday from its March 31 close. The company’s shares in Malaysia, where it’s based, jumped 24.3% in the same period.Other medical supplier stocks in Singapore that have surged this month include:Rubber glove maker Riverstone Holdings, which has risen 16.3% so far this month.UG Healthcare, another glove maker, which has jumped 15.2% in the same period.Personal protective equipment manufacturer Medtecs International, which has climbed 15.1%.These stocks have all outperformed the benchmark Straits Times Index, which inched 0.7% higher between March 31 and Thursday. They have also been among the 100 most traded stocks in the Singapore market this year, Geoff Howie, market strategist at the Singapore Exchange, told CNBC in an email. Howie said a resurgence in daily confirmed Covid-19 cases and concerns about vaccine safety may have driven investors’ interests in those stocks.Globally, the seven-day moving average of daily reported Covid cases reached a record high of more than 797,500 on Wednesday, according CNBC analysis of data compiled by Johns Hopkins University. A major contributor of the increase is a surge in daily reported cases in India, the data showed.A moving average smooths out big spikes and slumps in the daily data that could be caused by availability of tests or frequency of reporting.Cumulatively, coronavirus cases globally reached more than 143 million cases with around 3 million deaths as of Wednesday, Hopkins data showed. The jump in cases have also come as Covid vaccination progress varies widely between rich and poor countries, which the World Health Organization has described as a “shocking imbalance.”   Ben May, director of global macro research at consultancy Oxford Economics, said the recent rise in Covid infections is “clearly a huge public health concern” — but it’s not yet weighing down the global economy.”For now, it seems that the rise in cases may partially reflect a growing desire from governments and individuals to get back to normal. If this is the case, higher case numbers may not necessarily signal weaker activity to come,” he wrote in a Monday report.But May added that the economic outlook could become more uncertain if the jump in Covid infections derails further attempts to reopen economies or leads to greater voluntary social distancing among people. More

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    Stock futures tick higher after concerns over capital gain tax hike prompt selling

    Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the capital gains tax.S&P 500 futures climbed less than 0.1% while contracts tied to the Dow added 22 points. Nasdaq 100 contracts also inched just north of the flatline.The after-hours moves came following a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.Bloomberg News reported that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans.The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later matched the headlines.Though the capital gains tax headlines appeared to weigh on sentiment Thursday afternoon, selling was tempered by the tough battle such a proposal would face in a split Senate.The Dow Jones Industrial Average dropped more than 300 points by the end of regular trading. At its low of the day, the blue-chip benchmark fell 420 points. The S&P 500 erased earlier gains and closed 0.9% lower, while the Nasdaq Composite slid 0.9%.Week to date, the S&P 500, Dow and Nasdaq are down 1.2%, 1.1% and 1.6%, respectively.Before the news hit, major averages were trading slightly higher as investors sifted through generally positive corporate earnings and economic data.Both chipmaker Intel and social media platform Snap reported earnings for the first calendar quarter Thursday after the closing bell.Though Intel’s revenues and earnings were better than what Wall Street had been expecting, it issued second-quarter earnings guidance below analysts’ hopes. Intel, which said it expects earnings per share of $1.05 for the next quarter, saw its shares fall 3.1% in extended trading.Snap shares, meanwhile, added 4.7% in after-hours trading after it said it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.Strategists say already-high valuations and near-record-high levels on the S&P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.The Labor Department said Thursday morning that first-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate of 603,000.Later in the day, Republicans rolled out a counteroffer to Biden’s $2 trillion infrastructure plan. The GOP pitched a $568 billion framework that includes funding for bridges, airports, roads and water storage. It does not include tax increases.Become a smarter investor with CNBC Pro. Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today More