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Read More »Bill and Melinda Gates-backed coronavirus vaccine maker makes debut on Wall Street
CureVac priced its initial public offering at $ 16 per share. The stock grew rapidly more than 200%, to about $ 49. The company that competes with the likes of Modern (MRNA), Novavax (NVAX), BioNTech (BNTX) en Pfizer (PFE), is also supported by billionaire Dietmar Hopp, the co-founder of German …
Read More »Gold prices fall, looking at the first loss of the week since early June
Gold futures led lower Friday, pulling back to two straight days of gains, with prices ready to record their first weekly loss in 10 weeks on the back of recent strength in U.S. Treasury yields. The week began with gold trading in record highs, but will end with “several factors …
Read More »Here’s a tip for pandemics: Buy on the rumor of a COVID-19 vaccine, sell on the news
The stock market may fall if a COVID-19 vaccine receives formal FDA approval. I know I’m advancing myself because it does not guarantee that an effective vaccine will ever be produced. But with eight faxes now in Phase III studies, and with Russia claiming bragging rights by being the first …
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