Gilead Sciences Inc.’s COVID-19 drug remdesivir will cost much less than Wall Street analysts had predicted in a move that likely points to a more measured and responsible approach to the price of treatments and vaccines during the pandemic. Gilead GILD Shares, It gained 0.9% in trading on Monday following …
Read More »Pending home sales had a historic rebound in May, meaning the worst may have already come for the property market
The counts: After two consecutive months of decline, the pending home sales index soared 44.3% in May compared to April, the National Association of Realtors said on Monday. The monthly increase was the largest since the National Association of Real Estate Agents began the index in January 2001. “This has …
Read More »Wirecard Investors Remain On Roller Coaster As Stocks Rise 150%
Shares in Wirecard AG WDI, + 154.48% More than 150% soared on Monday, with some speculation that French group Worldline may try to buy parts of the German scandal payments company that filed for bankruptcy last week. Others said it was a so-called dead cat bounce: speaking on the market …
Read More »Oil prices rise a bit as industry weighs pandemic-related demand uncertainty
Oil futures rose cautiously on Monday, buoyed by some recovery in energy demand, even as COVID-19 cases exceed 10 million worldwide, raising the possibility of new closings in parts of the world. world to contain the spread. “As global demand recovers, the natural inclination for oil is to increase as …
Read More »High volatility is here to stay in 2020. Goldman names 31 stocks to offer best risk-adjusted returns amid turmoil
The grim milestones of 10 million global coronavirus cases and more than 500,000 deaths, along with spikes in various U.S. states, have not deterred investors on Monday. US stocks rose in early trading, despite further indications that a second wave may be just around the corner. The Dow Jones Industrial …
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