Year: 2020

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The narrative surrounding COVID-19-focused pharma companies is developing a new tone. While none of the players involved in the race to bring a vaccine to market have reached the final regulatory hurdles just yet, progress is being made with several Phase 3 trials already taking place.The talk is now centered around the issue of pricing – how much each company plans to sell its vaccine for.On the clinical trial front, mRNA vaccine maker Moderna (MRNA) is among the pack’s leaders. A Phase 3 clinical trial for mRNA-1273, its COVID-19 vaccine candidate, kicked off last week and data should be published …read more […]

(Bloomberg) — Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.More than two-thirds of the impairment was to account for the lower value of its domestic onshore acreage, with the remainder in the Gulf of Mexico and overseas, the Houston-based company said Monday in a statement. The shares fell 3.6% at 5:02 p.m. in after-market trading in New York.Occidental is not alone is taking large impairments after the Covid-19 pandemic crushed demand …read more […]

Tech stocks are on the rise. As the world continues to face a pandemic, our attention has turned to technology more than ever. Trend Expert Matthew Carr explains how investors can benefit.
Our world is moving quicker than ever before.
A couple of weeks ago, I wrote about E.M. Rogers’ “Diffusion of Innovation” theory. It lays out how a new technology moves from introduction to complete saturation.
But there’s another aspect of this theory that investors (and society in general) must come to terms with: Technology is being adopted more rapidly than ever before.
It used to take decades for a technological innovation to …read more […]

Canopy Growth shares jumped nearly 8% after its latest results showed a narrower than expected loss and a hot start for its cannabis beverages. …read more […]

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Eastman Kodak’s $765 million dollar deal was halted after a report from the Wall Street Journal sparked an SEC investigation into how the company disclosed the deal with the government to the public. Yahoo Finance’s The Final Round panel discuss the details of the probe and what will happen to Kodak’s deal. …read more […]

Vuzix Smart Glasses revenues for the second quarter increased 183% year-over-yearOverall revenues for the second quarter increased 98% sequentially compared to the first quarterROCHESTER, N., Aug. …read more […]

Are penny stocks a must-have or a must-avoid? Well, that depends on who you ask. There’s no middle ground when it comes to these tickers trading for less than $5 per share; those on the Street are either fans or harsh critics.Both sides make sense. The naysayers argue that the bargain price is just too good to be true, with it potentially indicating there are problems hiding beneath the surface like weak fundamentals or overwhelming headwinds.However, the investors that are pro-penny stocks just can’t get enough of them. Not only do the low prices mean that you get more bang …read more […]

It is doubtless a positive to see that the Ideanomics, Inc. (NASDAQ:IDEX) share price has gained some 272% in the last… …read more […]

(Bloomberg) — Nine years after Steve Jobs stepped down and thrust Tim Cook to the top of Apple Inc., the company is more valuable than ever — and so is Cook.Apple’s share price rose almost 5% last week, leaving the company Jobs co-founded 44 years ago in his parents’ California home on the cusp of stock-market milestone: a market value of nearly $2 trillion.It was valued at about $350 billion when Jobs died. Cook, meantime, has joined one of the most elite clubs for CEOs who didn’t actually found the companies they run: his net worth has eclipsed $1 billion, …read more […]

(Bloomberg) — David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is now worth $1.3 billion, joining fellow co-founders Forrest Li and Gang Ye among Singapore’s wealthiest individuals. Their company has thrived during the pandemic thanks to the popularity of battle royale mobile game Free Fire and e-commerce platform Shopee.By far the city-state’s biggest company by market value, Sea didn’t happen by accident. It’s the result of the island’s approach to lure foreign talent …read more […]

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