Year: 2020

(Bloomberg) — Large, venture-backed businesses that haven’t gone public yet be advised: by the end of Tuesday billionaire investor Bill Ackman could have as much as $4 billion in his back pocket ready to put toward a bumper acquisition.Ackman’s blank-check company — the latest in a slew of special purpose acquisition companies that have hit the market in recent months — is offering 200 million units at $20 apiece, after earlier filing to sell 150 million units. Pershing Square Tontine Holdings Ltd., backed by Ackman’s Pershing Square Capital Management, will stop taking investor orders for its initial public offering on …read more […]

What is financial independence and how can you obtain it? This is a question that many Americans struggle to answer today. In fact, you may come across thousands of different responses to this question.
Let’s dig a bit deeper and determine what it means and what it takes to become financially independent. And remember; your path will depend on your unique set of goals.

What is Financial Independence Exactly?
Is it a process or a concept? Possibly a strategy or a financial status? Maybe it’s a combination of them all.
So, what is financial independence? It’s the status of not having to rely on …read more […]

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani speak with Sorrento Therapeutics CEO & Founder Dr. Henry Ji about the company’s FDA clearance for a COVID-19 drug trial, to be used on patients with milder symptoms. …read more […]

Amazon.com Inc. (AMZN) has officially confirmed that it is delaying its online retail event known as Prime Day to sometime later this year, citing the fallout from COVID-19. However, Amazon said that in India its Prime event would occur from August 6-7.A spokesperson for Amazon told The Verge on July 21, “This year we’ll be holding Prime Day later than usual while ensuring the safety of our employees and supporting our customers and selling partners.” The spokesperson added, “Members all around the world will experience Prime Day later this year.”In June, Amazon was forced to suspend its popular Amazon Shipping …read more […]

Moleculin Biotech (MBRX) on Tuesday announced that a second round of independent laboratory testing has confirmed the antiviral activity of its drug candidate WP1122 as a potential treatment against coronavirus. The news is pushing shares up 33% to $1.46 in early market trading.Moleculin said that it contracted with IIT Research Institute for additional in vitro testing of its WP1122. The testing involved a cell viability assay in the VERO E6 cell line infected with SARS-CoV-2 and compared the therapeutic effects of 2-deoxy-D-glucose or 2-DG (the active ingredient in WP1122) alone with those of WP1122, a 2-DG prodrug. Results of a …read more […]

Despite COVID-19’s devastating impact on the economy, Goldman Sachs’ chief U.S. equity strategist David Kostin believes 2020 earnings might not be as bad as previously expected. Kostin gave his estimate for S&P 500 earnings per share in 2020 a lift, from $110 to $115. For 2021, the forecast remains at $170, which is 4% above 2019’s realized level, with the figure landing at $188 for 2022.That said, management commentary will be an essential factor in gauging the outlook. “Given the heightened investor focus on the earnings outlook in 2021 and 2022, we expect management commentary will prove more valuable than …read more […]

Does the July share price for OPKO Health, Inc. (NASDAQ:OPK) reflect what it’s really worth? Today, we will estimate… …read more […]

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss the race for a COVID-19 vaccine. …read more […]

Microsoft is set to report its fiscal Q4 2020 earnings on Wednesday after the bell, and the focus will be on how much the company’s Azure platform continues to grow. …read more […]

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we’d like to… …read more […]

Capital One froze a SoCal customer’s credit card because it was concerned a bank transfer to pay off $14,000 in debt may have been made by a scammer. …read more […]

WAKEFIELD, Mass., July 21, 2020 /CNW/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading vertically integrated cannabis operator in the United States, announces today the closing of the private placement offering previously announced on July 2, 2020 (the “Offering”). Pricing of the initial tranche of the Offering was set on July 2, 2020. Under the initial tranche, subscribers purchased an aggregate of 3,541,429 subordinate voting shares of the Company (the “Subordinate Voting Shares”) at a price of C$7.70 per Subordinate Voting Share for aggregate gross proceeds of approximately C$27,269,003. …read more […]

Appointed to the chief post on an interim basis in fall 2019, Zeitlin said in March that he planned to stay in the roles of chairman and CEO for the next three years. …read more […]

Tesla Inc. (TSLA) is reportedly pushing for a new all-time record in deliveries in the third quarter despite the coronanvirus pandemic impact on the economy and a renewed wave of infectious cases.The electric carmaker has informed its staff that the goal for this quarter is a new all-time record in deliveries, according to Electrek. Tesla’s last all-time delivery record was in Q4 2019 when it delivered 112,000 vehicles.During the second quarter, Tesla’s production was affected by the pandemic, like most other automakers. Its main California factory was shut down for more than a month, and a lot of its retail …read more […]