What will stand in the way of market gains? Clearly, it’s not bad news about COVID-19, as investors try to see the silver lining in these uncertain times. Take this chart that shows how Arizona cases have started to flatten, by Pantheon Macroeconomics, which expects that state to respond earlier …
Read More »
Shares of Pfizer Inc. PFE, + 1.10% gathered 2.3% and BioNTech SE BNTX, + 7.24% On Monday, it rose 5.3% in premarket trading, after companies said two of their vaccine candidates to protect themselves against the virus that causes COVID-19 received the Fast Track designation status from the Administration. Food …
Read More »
European stocks rose on Monday as optimism about second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key US state of Florida. After rising 0.4% last week, the Stoxx Europe 600 SXXP, + 0.56% It gained 0.6%. The German DAX DAX, + 0.96%, French CAC 40 PX1, …
Read More »
The 2020 coronavirus and the 1918 Spanish influenza pandemics share many similarities, but also diverge on one key point. “A big difference between the Spanish flu and COVID-19 is the age distribution of deaths,” according to Deutsche Bank DB, + 4.40%. “For COVID-19, the elderly have been overwhelmingly the most …
Read More »
Residential Solar Panel Installer Sunrun Inc. RUN, + 6.70% announced a deal Monday night to acquire rival Vivint Solar Inc. VSLR, + 5.56% for about $ 3.2 billion, including debt. In a statement, the companies said Vivint shareholders would get 0.55 Sunrun shares for each share they own, leaving Vivint …
Read More »