Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Second, comprehensive. In covering not just the voyage for the first few years, working philips war, all of which have recently been done, but in covering the entire story, allowing us, the readers, to enjoy the true benefits of history, which is the scope, to follow consequences of actions through generations. Narratives, because what nat does best is to tell a story. An adventure story, but in many ways, and unexpected adventure story. Look at the cover. I of course love it because it is our painting, the mayflower on her arrival in plymouth harbor. Thathat i really love is even though the book is entitled the mayflower, this cover doesnt put the mayflower front and center, it doesnt show a by waves. D that would be the expected adventure story. Instead, it focuses on this little group of pilgrims leaving the ship that has brought them through peril, headed off toward the shore on the verge of starting new lives. And it is there in the territory of these wideopen possibilities that t
Set to become the bundesliga is youngest player of all time. A math anyhow. Bookham u. S. Drug giant pfizer and its german patent a biotech have applied for emergency authorized they Coronavirus Vaccine in the United States. The vaccine has performed well in initial safety trials. And based on that, the u. S. Food and Drug Administration could grant permission before testing is complete. If it does the 1st does, this could be administered as soon as next month. That means hope for many people for whom the vaccine cant come fast enough. A small pub with a big history, 60 years of the albatross pub in california, once hosted intellectuals of the Free Speech Movement in the sixtys. Today, its shutting down for good jude to the coronavirus pandemic. Where people, everybody hang out is a community. Its, a familiar story, not just in the u. S. , but all across the world. The lives of many have been up ended by the pandemic. But on friday, some good news. German drug developer biotech and its
Underway at the masters, while one of the trail blazing golf legends is one of my winners of the week. All that and so much more on making money. Muck charles well, markets rerutted out of the gate erupted out of the gate nicely, but the tale has been the case all year long. The emergence of buyers yesterday is when youve got to watch out. In the final hour of trading all year long, thats when you know the next day is going to be big. Shakeout sessions are becoming somewhat more predictable. To the pros, they buy into these dips into the close, and then the next day the market opens bigger. Put that on your notes for how to make money. Now, there continue to be some dark clouds including, of course, covid cases, a lack of fiscal stimulus and just exactly what the fed is doing because so far not what they promised. In fact, the ecb is doing a whole lot more pumping than [inaudible] meanwhile though, earnings remind investors of fundamentals. Great earnings reports include disney, cisco
As timing who gets it and when, that is all still to be decided. There is a bit of a protocal for this. Well get into that with a prominent doctor as well. The left and right view on this battle, but first to blake burman on this latest news and this efficacy rate which was higher than both companies originally said, right . Reporter exactly, neil. We knew this Pfizer Vaccine candidate was effective. Pfizer though reiterating that today, in fact raising the effective rate on their covid19 vaccine candidate but just as important pfizer today also reported that they believe their vaccine candidate is safe which is why they say they are going to be applying for the eua. That is the emergency use authorization that the fda gives out. They will apply for that in the coming days. Here is what pfizer said earlier today as part of their news release they put out this morning. To date the Data Monitoring Committee for the study has not reported any serious safety concerns related to the vaccine