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Moderna Tumbles After Nonpartisan Pledge, First Sell Rating

(Bloomberg) — Moderna Inc. fell as much as 13% on Tuesday after regulators and top drugmakers promised the Covid-19 vaccine approval process would be immune from political pressure and the biotech company drew its first sell rating since going public in 2018.Moderna’s vaccine is one of three leading candidates Wall Street expects may win an emergency use authorization near-term.. But pledges from the Food and Drug Administration and industry leaders have cast a pall over the prospects of a vaccine being approved before the U.S. election.The public letter signed by nine chief executive officers may not shift study schedules “all …read more […]

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Investing During a Recession: How to Do It Wisely

With some of the most powerful nations in the world sinking into recession due to the coronavirus pandemic, there are questions around investing during a recession and how you can manage your wealth right now.
The situation is changing by the day, with uncertainty around the stability of the US dollar and a weakened global economy. With so many unknowns, it can be difficult to know what to do next. Do you invest now, before the situation changes? Or sit tight and wait to see what unfolds towards the end of the year?
Although there are those who believe that now is …read more […]

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Apple to hold event on Sept. 15; new products anticipated

The event will be streamed on the company’s website from its campus in Cupertino, California, Apple said, without providing further details. While Apple uses its September events to showcase its most important products, new versions of iPhone handsets might still take time as the company in July had flagged a delay by few weeks from the usual timeline. Other products usually unveiled in September include new versions of Apple Watch and iPad. …read more […]