Futures contracts tied to the major US stock indices held steady during Wednesday night’s overnight session as investors analyzed a large amount of corporate earnings during a positive week. Dow Jones Industrial Average futures fell 18 points, implying a slight opening loss when regular trading resumes on Thursday. The S&P …
Read More »Pershing Square ‘receives no compensation’ for new SPAC investment vehicle
Pershing Square Capital Management founder Bill Ackman said his new special-purpose acquisition company is the “investor-friendly SPAC in the world.” “What’s new in our structure is that it is the first SPAC where we are not receiving compensation: no management fees, incentive fees … we are not buying cheap stocks. …
Read More »US government turns to Pfizer to produce millions of doses of coronavirus vaccine
The United States will pay $ 1.95 billion for Pfizer to produce and deliver 100 million doses of its candidate vaccine Covid-19 in the US if proven to be safe and effective in humans, the government announced Wednesday. Under the agreement, the United States can purchase an additional 500 million …
Read More »Key Senate Committee Approves Shelton and Waller for Fed Positions
The Senate banking committee on Tuesday approved controversial Federal Reserve nominee Judy Shelton and Christopher Waller for two vacancies on the central bank’s board of governors. Their nominations are now directed to the full Senate for confirmation. President Donald Trump had announced his intention to nominate the couple in July …
Read More »IBM, Coca-Cola, Wells Fargo, Devon Energy and more
A bottle of Coca-Cola Light is removed for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | fake pictures Take a look at the companies that make headlines in the midday trade. Coca-Cola – Coca-Cola gained 2.5% after the beverage giant gave …
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