Take a look at some of the most important engines on the previous market:
Becton Dickinson (BDX) – The medical products maker said the Food and Drug Administration has granted emergency use authorization for its Covid-19 rapid test that can deliver results in 15 minutes. The test can be used with the company’s portable “BD Veritor PLUS” analysis system.
Dominion Energy (D) – Dominion sold its natural gas transmission and storage network to Warren Buffett’s Berkshire Hathaway (BRK.B) for $ 4 billion, and Berkshire also assumed a debt of $ 5.7 billion. Separately, Dominion and Duke Energy (DUK) abandoned their $ 8 billion Atlantic Coast pipeline project after long legal delays that caused the cost of the project to almost double.
Uber Technologies (UBER) – Uber has entered into an agreement to purchase the Postmates food delivery service in a $ 2.65 billion stock deal, according to multiple reports. Uber had been in talks earlier this year with Grubhub (GRUB) about a possible acquisition deal, but those talks were unsuccessful.
Qiagen (QGEN) – A major Qiagen shareholder told Reuters that the acquisition deal agreed to by the medical device maker in March is no longer meaningful unless that offer is substantially increased. Qiagen agreed to be purchased by Thermo Fisher Scientific (TMO) for $ 11.5 billion in March, but demand for Qiagen coronavirus test products has increased since then.
Fiat Chrysler (FCAU) – Fiat Chrysler may cut its planned special dividend related to its upcoming merger with Peugeot parent PSA Groupe, according to Italian newspaper Il Sole 24. The automaker is trying to save cash amid the impact of the COVID-19 pandemic in the world selling cars.
Regeneron Pharmaceuticals (REGN) – Regeneron said its antibody drug cocktail to treat Covid-19 is starting phase 3 trials, less than a month after treatment started phase 1. Separately, Regeneron and partner Sanofi (SNY) said a US trial involving the use of their arthritis medication Kevzara to treat patients with Covid-19 failed to help those patients recover. The trial has now stopped.
Boeing (BA): Another key test flight for Boeing’s 737 Max jet could take place as early as this week, according to The Wall Street Journal. An “operational readiness review” will be conducted with the participation of government pilots and airline crews from around the world.
Netflix (NFLX): Netflix had a robust library of black content before anyone else in Hollywood, according to an article in today’s New York Times. The article says that video streaming service rivals are now struggling to catch up.
Spotify (SPOT) – Spotify was downgraded to “underperforming” from “market performance” in Bernstein, which said that while podcasts could increase the streaming service’s market share, it won’t add much to the bottom line.
Embraer (ERJ) – A union representing the workers of the Brazilian aircraft maker filed a lawsuit to dismiss the company’s board, after a $ 4.2 billion deal to sell the majority of Embraer’s commercial aviation unit Boeing will fall apart. The union accuses the company of acting in bad faith, while Embraer said the union’s allegations are unfounded.
Harley-Davidson (HOG) – The motorcycle maker received a “buy” rating in a new coverage at Citi, which sees an attractive valuation and the potential for significant change under the company’s new CEO.
Tesla (TSLA) – JMP Securities raised its price target to $ 1,500 per share from $ 1,050, saying the automaker is in a position to generate $ 100 billion in annual revenue by 2025.
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