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Morgan Stanley: 2 Stocks That Could Climb Over 40%

Since President Trump was released from the hospital, following his bout with the coronavirus, the headlines have turned towards the possibility of a new economic stimulus package. On both sides of the aisle, there’s a perception that the public needs this – support for unemployment benefits, support for small businesses, more cash injected into the system – as a new wave of COVID cases starts ramping up.The stumbling block is partisan politics. House Democrats put together a $2.2 trillion proposal, but it was loaded down with the traditional Congressional pork: plenty of funds for majority party pet projects, that would …read more […]

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China’s Games Streaming Giants Huya and DouYu to Merge

China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. The deal was initiated by social media, games and streaming giant Tencent. According to terms published on Monday, the shareholders of the two companies will come out roughly equal, and Huya will make an all […] …read more […]

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3 COVID-19 Antibody Stocks That Are Leading the Race

Antibodies to the rescue? According to a top U.S. health official, the U.S. government expects to provide 1 million doses of antibody treatments for COVID-19 similar to the one President Trump received at no cost.Currently, the administration’s Operation Warp Speed program has “a couple of hundred thousand doses” of the antibody treatments being developed by Regeneron and Eli Lilly. The therapies differ in that Regeneron’s is a cocktail or combination of two monoclonal antibodies, while Eli Lilly’s approach uses a single antibody.The President received Regeneron’s treatment under “compassionate use”, or when the FDA allows access to experimental drugs outside of …read more […]

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Huya Agrees to Buy DouYu to Create Chinese Game Streaming Giant

(Bloomberg) — Huya Inc. has agreed to buy DouYu International Holdings Ltd. in an all-share deal that will create a Chinese game-streaming giant with a market value of more than $11 billion.Investors have been offered 0.73 American depositary shares of Huya for each ADS of DouYu, the companies said in a statement on Monday. That values DouYu’s ADSs at about $18.83 apiece as of Friday’s closing price, a 35% premium, and values the company’s equity at about $5.98 billion.Tencent Holdings Ltd., which currently owns stakes in both companies, will hold about 68% of the merged business’s voting shares, giving the …read more […]