Shares of Inovio Pharmaceuticals Inc. INO, -9.79% 7.5% was recovered in premarket operations on Friday, to extend its recent rocket launch to a maximum of 20 years, even as the biotech company was downgraded in Stifel Nicolaus over valuation concerns. The stock is up 119% amid a four-day streak to …
Read More »Dow falls 300 points early Friday morning when the Fed limits bank investor payments and coronavirus cases record a surge
Benchmarks for US equities fell sharply lower on Friday morning, with major indices poised to end the week’s losses as investors analyzed a record surge in new coronavirus cases and the implications of Federal Reserve Bank stress test results announced Thursday night. How are the benchmarks working? The Dow Jones …
Read More »Why is a strategist really encouraged by an increase in new cases of US coronavirus?
It is only the nature of the market that the coronavirus pandemic has forced all fund managers and analysts to become hobbyist epidemiologists. So here are some of the thoughts from COVID-19 by Christopher Wood, global head of capital strategy at Jefferies. In fact, he is encouraged by the latest …
Read More »CDC Estimates 10 Times More Cases of US Coronavirus Than Reported
WASHINGTON – US officials estimate that 20 million Americans have been infected with the coronavirus since it first came to the United States, meaning that the vast majority of the population remains susceptible. Thursday’s estimate is about 10 times more infections than the 2.3 million confirmed cases. Officials have long …
Read More »‘Greener Ice in the NHL’ – Amazon names headquarters for Seattle’s new hockey franchise, the Climate Pledge Arena
Amazon.com Inc., the fast-delivery giant historically under fire for its impact on the environment, has bought the name rights to Seattle’s KeyArena, giving up a corporate nickname for calling the site Climate Pledge Arena. The facility, where the city’s incoming NHL franchise will play and where the WNBA’s Storm already …
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