Bill Gates commits $750M to help Oxford vaccinate the world against COVID-19

The Bill and Melinda Gates Foundation has contributed $750 million towards the manufacturing and distribution a potential COVID-19 vaccine developed by Oxford University. The funds come as part of a deal with British-Swedish pharmaceutical firm AstraZeneca, who’s joined forces with organisations fighting to protect the world against infectious diseases like COVID-19: the Serum Institute of…

The ‘average’ Robinhood trader is no match for the S&P 500, just like Buffett

Robinhood users simply can’t catch a break. First, a series of interruptions rocked the platform on some of the most volatile days in stock market history, for which the company offered only lacklustre subscription discounts. Now, fresh analysis has shown that the average Robinhood trader hasn’t just underperformed in 2020 — they’ve also posted 6.2% fewer returns…

This $350M ‘quant fund’ played the stock market using real-time data — then 2020 happened

Coatue’s $350 million data-driven ‘quant fund’ made a swift exit from the market in early April — having realised the coronavirus pandemic had rendered its algorithm unreliable, Business Insider reports. The tech-focused fund, launched by billionaire Philippe Laffont just over one year ago, joins a growing list of “quant funds” to have failed to turn a…