As the Covid-19 crisis intensifies in the United States, the fight for an effective vaccine is about to collide with the electoral calendar. Pfizer (ticker: PFE) says it will seek authorization from the Food and Drug Administration for its Covid-19 vaccine starting in October. Meanwhile, the federal government’s Covid-19 vaccine …
Read More »EV Stock NIO rally has gone too far, says Goldman
Text size Goldman Sachs analyst Fei Fang downgraded US depositary receipts from Chinese electric vehicle maker NIO to Sell from Hold. ADRs are falling on Friday, but that’s after nearly doubling in the past month. Photography by Giulia Marchi / Bloomberg Recovery of a stock of electric vehicles has gone …
Read More »Nio Stock Drops, Netflix Sinks and Dow Might Open Higher
Text size US stocks rose slightly in pre-trade, as investors worried about rising tensions between the US and China, as well as cases of coronaviruses continuing to rise in what appears to be a stereotypical summer. on Friday. Dow Jones Industrial Average futures were up 75 points, or 0.3%. S&P …
Read More »Netflix Shares Fall As Covid Subscriber Slowly Rises
Shares of the video streaming giant are trading sharply lower after hours on Thursday amid signs that the company’s Covid-19-fueled growth is coming to an end. In the June quarter of Thursday, Netflix added 10.1 million new net subscribers, above the company’s forecast of 7.5 million, but fell short of …
Read More »The new Virgin Galactic CEO made a Star Wars attraction at Disney. Wall Street is stumped.
Text size George Whitesides, left, will become Virgin Galactic’s chief space officer. Michael Colglazier takes over as CEO. Courtesy of Virgin Galactic. Shares of Virgin Galactic, a pioneer of space tourism, shot up after the company named a new CEO. He comes from Disney and the former CEO stays. The …
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