Month: May 2020

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Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold

May 18, 2020 admin Comments Off on Bank of America Double-Downgrades Square on Fear Small Businesses Will Fold

(Bloomberg) — Bank of America double-downgraded payments stock Square Inc. to underperform from buy on concern small and medium businesses like restaurants, retailers and salons will struggle to stay afloat once they’ve spent government Covid-19 crisis funds.“A significant number” of small and medium outfits may struggle to survive, especially if the U.S. economy only partially reopens and firms are limited to 25% to 50% occupancy, analyst Jason Kupferberg wrote in a note.“The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another 6 months, but we note that 75% of Square’s payment volume comes …read more […]

Newsmakers

fuboTV (OTC: FUBO) to Present Virtually at the 15th Annual Needham Technology & Media Conference on May 20, 2020

May 18, 2020 admin Comments Off on fuboTV (OTC: FUBO) to Present Virtually at the 15th Annual Needham Technology & Media Conference on May 20, 2020

FaceBank Group, Inc. d/b/a fuboTV (OTCQB: FUBO) announced today that members of its management team will present virtually at the 15th Annual Needham Technology & Media Conference on Wednesday, May 20, 2020. The presentation will […]

Healthcare

CytoDyn to Prepare a Phase 3 Protocol to Submit to the FDA for a Three-Arm Comparative and Combination Trial of Leronlimab and Remdesivir

May 18, 2020 admin Comments Off on CytoDyn to Prepare a Phase 3 Protocol to Submit to the FDA for a Three-Arm Comparative and Combination Trial of Leronlimab and Remdesivir

VANCOUVER, Washington, May 18, 2020 — Three arms of this trial will be leronlimab, remdesivir, and leronlimab + remdesivir CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), […]

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Major markets move higher, but ‘the fed itself could run out of money’

May 18, 2020 admin Comments Off on Major markets move higher, but ‘the fed itself could run out of money’

Stocks are moving higher Monday after Moderna announced that its vaccine trial produced COVID-19 antibodies in all participants. Meanwhile, Jerome Powell told CBS’s 60 minutes ‘we’re not out of ammunition by a long shot.’ However, James McDonald, Hercules Investments CEO, thinks otherwise, he joins Yahoo Finance to discuss. …read more […]

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Venezuela Rejected by U.S. Supreme Court in Citgo Stake Clash

May 18, 2020 admin Comments Off on Venezuela Rejected by U.S. Supreme Court in Citgo Stake Clash

(Bloomberg) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting the country a step closer to losing its largest asset.The justices, without comment on Monday, left intact a federal appeals court victory for a defunct Canadian gold mining company seeking to force the sale of Citgo’s parent company. The gold miner, Crystallex International Corp., is trying to collect a $1.4 billion arbitration award, most of which remains unpaid.The rebuff leaves Venezuela at risk of losing a much-needed source of revenue in Citgo. The country’s opposition leader, …read more […]