Abbott Laboratories and Johnson & Johnson separately reported recoveries from elective procedures earlier than expected in US hospitals in the second quarter, even as the nation struggles with an increasingly severe COVID-19 pandemic. Shares of Abbott ABT, + 2.95% closed at a year-to-date high of $ 99.25, the day after …
Read More »UK signs agreements with BioNTech, Pfizer and Valneva for COVID-19 vaccines
The UK government said on Monday it has secured early access to 90 million doses of vaccines from two potential COVID-19 vaccines developed by a partnership between Germany’s BioNTech and US drug maker Pfizer, as well as one by the group. French Valneva. The business ministry said it had signed …
Read More »Microsoft reports earnings on Wednesday. This is what to expect.
Text size Dominick Reuter / AFP via Getty Images Microsoft shares have climbed to new highs during the Covid-19 pandemic, as companies accelerate their adoption of cloud-based software. This has given a boost to both Azure, the company’s public cloud service, and cloud-based apps like Office 365 and Teams. How …
Read More »Nikola Stock could have a wild week ahead
Text size Courtesy of Nikola. Investors must prepare for volatile week of stock trading by heavy-duty fuel cell truck pioneer Nikola. Stock guarantees, issued in some of the transactions that eventually brought the company to the public markets, can now be exercised. Shares slumped on the news on Friday, but …
Read More »Facebook’s biggest advertiser Disney is reportedly cutting advertising spending
MENLO PARK, California – Walt Disney Co. has “dramatically” cut its advertising budget on Facebook and Facebook-owned Instagram, according to a report published in the Wall Street Journal. It is the latest setback for the social network, which is facing a growing advertising boycott of its policies and actions on …
Read More »