Year: 2020

Players like Cigna and United Health are reaping the benefits of growing demand for senior care. …read more […]

Optimism for the prospects for a U.S. stimulus package rose after the White House boosted its offer to Democrats on a pandemic relief package Friday. …read more […]

(Bloomberg) — President Donald Trump scrapped fiscal stimulus talks this week after failing to swing Senate Republicans behind a package Democrats could support. With negotiations back on, the obstacles are just as daunting.Treasury Secretary Steven Mnuchin heads into weekend negotiations with House Speaker Nancy Pelosi with the top-line number for relief fast approaching the $2 trillion level that many Senate Republicans say they cannot accept.Mnuchin has already alienated some in his party by moving toward policies in the House Democrats’ $2.2 trillion proposal that they oppose. His counteroffer contains language allowing taxpayer-funded abortions through Obamacare and stimulus checks to undocumented …read more […]

If you want to know who really controls GlaxoSmithKline plc (LON:GSK), then you’ll have to look at the makeup of its… …read more […]

…read more […]

…read more […]

The agreement, under the Trump administration’s Operation Warp Speed, is for developing a monoclonal antibody cocktail that can prevent COVID-19, especially in high-risk population like those over 80 years old, the U.S. Department of Health and Human Services said. The treatment has come under the spotlight after Trump was treated with Regeneron Pharmaceuticals’ antibody drug last week. …read more […]

The deal, which had not been finalized as of Friday afternoon, was expected to be at least partially based on Twilio stock, the report added, citing two sources it did not name. San Francisco-based Segment has recently been open to acquisition offers, according to the report. Twilio declined to comment to Reuters. …read more […]

It’s a bullish start to the day. A Bitcoin breakthrough to $11,200 levels would deliver support to the broader market following yesterday’s gains. …read more […]

With its stock trading at 52-week high, and up 496% year-to-date, DraftKings (DKNG) has cashed out at the top. On Monday, the sports-betting provider announced it is selling 32 million DKNG shares to raise capital. The company expects to raise over $1.6 billion from the sale with 16 million being sold by DraftKings and the rest by existing shareholders. At $52 per share, the company is offering the stock for a price 14% below what its shares cost prior to the offering announcement. The result will be a windfall of an estimated $830 million, which DraftKings will use for general …read more […]

Momentum appears to be firmly in Roku’s (ROKU) favor right now. The OTT leader’s stock closed the week at an all-time-high, and one analyst once again raised his bull-case price target for the stock.Deutsche Bank analyst Jeffrey Rand reiterated a Buy rating on Roku shares and increased the price target from $185 to $235. (To watch Rand’s track record, click here)What’s behind the positive assessment? Rand’s explanation is simple and clear.“We have become more positive on Roku as consumers continue to stream more content due to the pandemic and advertisers appear to be spending again after pausing/delaying advertising in 2Q,” …read more […]

…read more […]

It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last month in anticipation of the holiday season, announced another round of hiring, intent on adding another 100,000 staff members.While Benchmark’s Daniel Kurnos believes “costs could be a potential headwind for 2H20,” the 5-star analyst points out the continued uptick in COVID-19 cases, particularly in Europe …read more […]

After mixed messages from the president, work is back underway to get you another $1,200. …read more […]

(Bloomberg) — Much of Lisa Su’s success as chief executive officer of Advanced Micro Devices Inc. has come from banishing the ghosts of predecessors’ mistakes. Stretching to make a multibillion-dollar acquisition is the scariest chapter she must now rip from the chipmaker’s history book.AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction from 2006 that left the company mired in debt and flirting with bankruptcy.Wall Street is betting Su …read more […]