Mylan NV on Wednesday named Chairman Robert Coury to the role of executive chairman to help steer the drugmaker through the coronavirus pandemic and its delayed merger with Pfizer Inc’s off-patent branded drug unit, Upjohn.
Stock futures opened slightly lower Wednesday evening after a batch of historically weak economic data revealed the extent of the coronavirus’ damage on the domestic economy. …read more […]
Amazon.com Inc’s vice president of the European Union segment, Roy Perticucci, has stepped down, the company confirmed on Wednesday.
What’s the next panic-buy sector?
Well, according to Doug McMillon, the CEO of Walmart, it’s hair products.
How on earth can you play that?
Luckily for you, I reveal that below – in this special Wednesday continuation of Trade Talk Tuesdays!
Check it out by clicking the link below…
For full instructions on how to play picks like this, join me in The War Room!
The post Walmart CEO Reveals Next Panic-Buy Sector appeared first on Investment U. …read more […]
Stocks fell Wednesday after new economic data showed U.S. retail sales and manufacturing output each declined by massive margins in March amid the coronavirus pandemic. …read more […]
Costco Wholesale Corp said on Wednesday it would raise its quarterly dividend by 7.7% to 70 cents per share, at a time when several major companies have suspended cash returns to shareholders to shore up liquidity.
A federal judge said Tesla Inc and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction.
Several major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
By Marc Jones, Karin Strohecker, Tom Arnold and Cassandra Garrison
Canadian auto supplier Magna International Inc is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday.
U.S. companies have been battered by the fallout from the novel coronavirus outbreak, with economic activity plunging at an unprecedented speed over the past few weeks, a Federal Reserve report released on Wednesday showed.
(Bloomberg) — Gilead Sciences Inc. is considering acquiring a stake in Arcus Biosciences Inc., a cancer therapeutics company backed by Alphabet Inc., people familiar with the matter said.The companies have held discussions about Gilead taking a significant stake in the Hayward, California-based company, and also about possible development partnerships, said the people, who asked not to be identified as the details are private.Arcus shares jumped as much as 54% after the close of regular trading Wednesday. Earlier in the day, the shares fell 7.2% to $15.58 in New York during the regular trading session, giving the company a market value …read more […]
The Trump administration plans to buy milk and meat from U.S. farmers as part of an initial $15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday.
The Oxford Club’s Chief Income Strategist, Marc Lichtenfeld, takes a look at SMFG stock and its dividend safety rating below.
Earlier in the year, I recommended Sumitomo Mitsui Financial Group (NYSE: SMFG) in my newsletter, The Oxford Income Letter.
This was before COVID-19 made its appearance in the U.S. I liked Japan’s prospects for economic recovery and Sumitomo Mitsui’s position as the fourth-largest financial institution in Japan (although it generates 30% of its revenue from 39 other countries).
The company is also one of the technology leaders in the cashless society movement, which is something the Japanese government is strongly in favor of.
Now …read more […]
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