China sees 'Cold War mentality' in U.S., British, Australia security pact

Stocks making the biggest moves after hours: Electronic Arts, Moderna and more

Check out the companies making headlines after the bell

Electronic Arts — Shares of the video game company jumped more than 2% in after-hours trading after the company announced that its highly-anticipated game Battlefield 2041 is now slated for a worldwide launch on Nov. 19.

Moderna  — The drug maker's stock rose slightly in extended trading after the company released more data on so-called breakthrough Covid cases that supports the push for the wide use of vaccine booster shots. The study that showed the incidence of breakthrough Covid cases was less frequent in a group of trial participants who were more recently inoculated, suggesting immunity for earlier groups had started to wane.

Danimer Scientific — Shares of the biopolymer manufacturer rebounded about 3% after a near 15% sell-off during the regular trading session on Wednesday. The sharp decline came after short-seller Muddy Waters published a negative report on the company. Danimer "greatly misrepresented the state of its business," including "customer relationships, product development, scalability and TAM for PHAs," the report said.

Enact Announces Pricing Of IPO Of 13.31 Mln Shares At $19.00/shr

Enact Holdings Inc. announced the pricing of its initial public offering of 13.31 million shares of common stock at a price to the public of $19.00 per share.

All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc. (GHI), a wholly owned subsidiary of Genworth Financial, Inc., and Enact will not receive any proceeds from the sale of shares by GHI.

The shares are expected to begin trading on the Nasdaq Global Select Market on September 16, 2021 under the ticker symbol “ACT.”

The offering is expected to close on September 20, 2021.

GHI has granted the underwriters a 30-day option to purchase up to an additional 1,996,560 shares of Enact common stock from GHI at the initial public offering price, less the underwriting discount.

In addition, certain investment funds managed by Bayview Asset Management, LLC have agreed to purchase 14.66 million shares of Enact’s common stock from GHI in a concurrent private sale at a price per share equal to the initial public offering price, less the underwriting discount per share.

Opinion | Democrats Continue to Struggle With Men of Color

By Charles M. Blow

Opinion Columnist

Australian employment falls by 146,000 jobs in Aug as lockdowns hit

SYDNEY, Sept 16 (Reuters) – Australian employment dived in August as coronavirus lockdowns in Sydney and Melbourne forced businesses to lay off workers and slash hours, while the jobless rate was nudged lower by a sharp fall in the number of people looking for work.

Thursday’s data from the Australian Bureau of Statistics (ABS) showed employment fell by 146,000 in August, compared to median forecasts of a drop of 90,000. The unemployment rate dipped to 4.5%, having already fallen to 4.6% in July when lockdowns also distorted the data.

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Japan August exports rise 26.2% year/year – MOF

TOKYO, Sept 16 (Reuters) – Japan’s exports rose 26.2% in August from a year earlier, Ministry of Finance (MOF) data showed on Thursday.

The rise compares with a 34.0% increase expected by economist in a Reuters poll, and follows growth of 37.0% in July.

August imports rose 44.7% year-on-year, versus the median estimate for a 40.0% increase.

The trade balance came to a deficit of 635.4 billion yen ($5.81 billion), versus a median estimate for a 47.7 billion yen deficit.

To view full tables, go to the MOF website at: here

China sees 'Cold War mentality' in U.S., British, Australia security pact

China's Washington embassy reacted to a new security pact announced by the United States, Britain and Australia on Wednesday by saying that countries should "shake off their Cold-War mentality and ideological prejudice."

The United States, Britain and Australia said on Wednesday they would establish a security partnership for the Indo-Pacific that will involve helping Australia acquire nuclear-powered submarines, as Chinese influence over the region grows.

Asked to comment, Chinese embassy spokesman Liu Pengyu said countries "should not build exclusionary blocs targeting or harming the interests of third parties. In particular, they should shake off their Cold-War mentality and ideological prejudice."

CNBC Politics

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