Year: 2020

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U.S. to pay over $1 billion for 100 million doses of J&J's potential COVID-19 vaccine

August 5, 2020 admin Comments Off on U.S. to pay over $1 billion for 100 million doses of J&J's potential COVID-19 vaccine

It said it would deliver the vaccine to the Biomedical Advanced Research and Development Authority (BARDA) on a not-for-profit basis to be used after approval or emergency use authorization by the U.S. Food and Drug Administration (FDA). J&J has already received $1 billion in funding from the U.S. government – BARDA agreed in March to provide that money for the company to build manufacturing capacity for more than 1 billion doses of the experimental vaccine. …read more […]

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Stock market news live updates: Stock futures rise after strong earnings; Gold tops $2,000 per ounce

August 5, 2020 admin Comments Off on Stock market news live updates: Stock futures rise after strong earnings; Gold tops $2,000 per ounce

Stock futures rose Wednesday morning as investors awaited more updates on stimulus talks out of Washington and another batch of corporate earnings and economic data reports. During the regular session, the Nasdaq logged a fifth straight session of gains and closed at a record, and the S&P 500 and Dow rose for a third straight day. Gold topped $2,000 per ounce. …read more […]

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Apple Stock Split Fuels Retail-Trader Bets on Further Gains

August 5, 2020 admin Comments Off on Apple Stock Split Fuels Retail-Trader Bets on Further Gains

(Bloomberg) — Apple Inc.’s planned stock split in the wake of the surge in its shares and strong earnings is stirring more bets on the company, according to TD Ameritrade Holding Corp.Activity in the world’s largest technology company “sticks out” over the past week, a repeat of the pattern seen in previous years when Apple split its stock, Christopher Brankin, chief executive officer of brokerage TD Ameritrade Asia Pte in Singapore, said in an interview Tuesday.“It’s something that we’re seeing across our options here because of that announcement,” he said, referring to the use of derivatives to bet on more …read more […]

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This Chart Shows the Only Place the Fed’s Money Can Go

August 5, 2020 admin Comments Off on This Chart Shows the Only Place the Fed’s Money Can Go

A few weeks ago, we had an intruder on the farm… and now we’ve got helicopters buzzing the tree line.
It’s proof that one mistake leads to another… and that one economic goof can lead to an explosion of mistakes.
This tale is one you’ll want to note.
You see, Mrs. Manward called us in a bit of a panic the other day. There was a small black helicopter circling our house. He was flying within feet of the ground, going back and forth… back and forth.
It got so close that she could see the pilot looking at her. He waved, cocked the …read more […]

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The 880% Stock Rally That’s Trouncing Tesla and Everything Else

August 5, 2020 admin Comments Off on The 880% Stock Rally That’s Trouncing Tesla and Everything Else

(Bloomberg) — It gets far less attention than Tesla, the FAANGs or even the Robinhood flavor of the week.Yet Sea Ltd. has quietly become the world’s best-performing large-cap stock, stoking a debate on Wall Street over whether the Singapore-based gaming, e-commerce and payments company is the next great internet colossus or just Exhibit A in a global tech bubble that’s destined to burst.For now at least, bulls have the upper hand. Swelling optimism that loss-making Sea may one day become both the Tencent and Alibaba of Southeast Asia has boosted its New York-listed shares by more than 880% in the …read more […]

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BP Walks Away From the Oil Supermajor Model It Helped Create

August 5, 2020 admin Comments Off on BP Walks Away From the Oil Supermajor Model It Helped Create

(Bloomberg) — In the late 1990s, BP Plc boss John Browne used an oil-price slump to usher in the age of the supermajor, buying U.S. rivals Amoco and Arco to create a transatlantic giant. He kicked off a round of mergers that saw his company and four others dominate the industry — Exxon Mobil Corp. and Chevron Corp. in the U.S., Royal Dutch Shell Plc and Total SA in Europe.That era ended on Tuesday when Bernard Looney, the third chief executive officer since Browne’s swashbuckling reign ended in 2007, declared BP would be a supermajor no more and proposed a …read more […]

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Tencent in Talks to Create $10 Billion Streaming Giant

August 5, 2020 admin Comments Off on Tencent in Talks to Create $10 Billion Streaming Giant

(Bloomberg) — Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the matter said, in a deal that would allow it to dominate the $3.4 billion arena.The Chinese social media titan — which owns a 37% stake in Huya and 38% of DouYu — has been discussing such a merger with the duo over the past few months, although details have yet to be finalized, said the people, who asked not to be identified because discussions are private. Tencent is seeking to become the largest shareholder in …read more […]