China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.
Quidel (QDEL) has now received Emergency Use Authorization (EUA) from the US FDA for its Sofia 2 SARS Antigen FIA, a rapid point-of-care test for suspected COVID-19 infection.According to the FDA, this is a new category of tests that will now be available for use in the ongoing pandemic. “The antigen diagnostic tests quickly detect fragments of proteins found on or within the virus by testing samples collected from the nasal cavity using swabs” the FDA says.One of the main advantages of an antigen test is the speed of the test, which can provide results in minutes. However, antigen tests …read more […]
The US Department of Health has now announced the allocation plan for Gilead’s (GILD) Covid-19 treatment remdesivir, revealing that states rather than federal government will be in charge of distribution.The donated doses of the treatment, which received an Emergency Use Authorization (EUA) from the FDA on May 1, will be used to treat hospitalized COVID-19 patients in areas of the country hardest hit by the pandemic.Gilead plans to supply 607,000 vials of the experimental drug over the next six weeks to treat an estimated 78,000 hospitalized COVID-19 patients. The donation to the US is part of 1.5 million vials of …read more […]
Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect. Tesla filed a lawsuit against the county on Saturday, calling the continued restrictions a “power-grab” by the county since California’s governor had said on Thursday that manufacturers in the state would be allowed to reopen. …read more […]
Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic.
* This weekend’s Barron’s shows how to prepare for the resumption of bank mergers. * Other featured articles offer tips for finding value in real estate stocks and what stocks to buy as Warren Buffett sits on the sidelines. * Also, the prospects for a gambling stock, stay-at-home picks and more.Carleton English points out that low interest rates and high technology costs are pushing smaller banks into the arms of bigger ones. What’s that mean for Regions Financial Corp (NYSE: RF) and many others? Read on in “Bank M&A Will Resume Postcrisis. How to Prepare.”Lawrence C. Strauss’s …read more […]
Benchmark Mineral Intelligence shines a light on how China has become the dominating player in the lithium-ion battery markets …read more […]
Frustrated by state shutdown orders amid the coronavirus outbreak, Elon Musk threatens to move Tesla headquarters and manufacturing out of California. …read more […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * Bullish calls included stay-at-home winners and a bankrupt utility. * Bearish calls included struggling airlines and a lagging social media player.The major U.S. indexes ended last week with solid gains, led by a 6% rise in the Nasdaq, despite a historically bad jobs report and U.S.-China relations deteriorating once again. Also, another big retailer filed for bankruptcy last week, ahead of the coming retail earnings season.Benzinga continues to examine the prospects for many of the stocks most popular with investors. The …read more […]
Tesla Inc’s chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
