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Cramer Weighs In On American Tower, Starbucks And More

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said that Vroom Inc (NASDAQ: VRM) is a great company and the auto industry is coming back. He likes the stock and he thinks that used cars are very, very hot.Cramer doesn’t like Archer-Daniels-Midland Co (NYSE: ADM). The stock has really done absolutely nothing.If it’s a financial technology digitized bank, it’s going to go up, said Cramer. Green Dot Corporation (NYSE: GDOT) belongs to the group, but Cramer prefers Paypal Holdings Inc (NASDAQ: PYPL) and Square Inc (NYSE: SQ).Cramer is not recommending the oil stocks, so he is not a buyer of …read more […]

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Fuel Cell Stock Rallies to 17-Year High After China Order

(Bloomberg) — Shares of Ballard Power Systems Inc. rallied to a 17-year high after the company announced a $7.7 million order from China.The Vancouver-based hydrogen fuel-cell maker jumped as much as 8.3% to its highest since December 2002 after the receiving a purchase contract from Guangdong Synergy Ballard Hydrogen Power Co., a 10%-owned joint venture located in China.The company’s technology currently powers over 650 electric buses and more than 2,200 electric trucks in China, according to Alfred Wong, managing director at Ballard.“This follow-on order from the Synergy-Ballard joint venture is an important indicator of the continued progress and market demand …read more […]

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Elon Musk To Bring Tesla Cybertruck On Cross-Country Drive

Tesla Inc’s (NASDAQ: TSLA) Cybertruck was recently on display at the Petersen Automotive Museum in Los Angeles, California. Anyone that wanted to see the Cybertruck up close in person could purchase tickets to the museum. The tickets sold out shortly after the event was scheduled, so the event was extended to allow more people to see the truck.This is reminiscent of the early days of Model 3 events, where lines would wrap around buildings for people to get five minutes to sit in the car.> Sure, we will aim to do a cross-country drive with Cybertruck later this year> > …read more […]

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Gilead's COVID-19 antiviral remdesivir gets conditional EU clearance

The European Commission said on Friday it had given conditional approval for the use of antiviral remdesivir in severe COVID-19 patients following an accelerated review process, making it the region’s first therapy to be authorised to treat the virus. The move comes just a week after the European Medicines Agency (EMA) gave its go-ahead for the drug produced by Gilead Sciences to be use in adults and adolescents from 12 years of age who are also suffering from pneumonia and require oxygen support. It also comes just days after the company allocated nearly all of its supply of …read more […]

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Accolade IPO: Healthcare Companies Launches Stock on Nasdaq

The Accolade IPO was filed back in February. But it wasn’t until July the company went public. After a wave of healthcare IPOs, investors are wondering if Accolade stock is a good buy.
But is it a good investment? Here’s what we know…
Accolade IPO: The Business

Accolade provides personalized solutions to help people understand and use both the healthcare system and their workplace benefits. The company’s biggest customers are employers. Employers subscribe to Accolade to provide employees and families with a place to go to for help.
The platform combines cloud-based technology with support from a team of Accolade Health Assistants and clinicians. …read more […]

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Deutsche Bank’s Wirecard Ties: From Margin Loan to Merger Talks

(Bloomberg) — In late 2018, as Deutsche Bank AG executives mulled the future of their troubled lender, Chairman Paul Achleitner encouraged them to emulate a payments firm that had become a wunderkind of German finance: Wirecard AG.The two companies were already close. Deutsche Bank was a key lender to Wirecard and its chief executive officer, Markus Braun, who also sat on one of its regional advisory boards. Andreas Loetscher, an Ernst & Young partner who had overseen several audits of Wirecard’s results, had recently joined Deutsche Bank as chief accounting officer. DWS, the bank’s asset-management unit, was a shareholder.Yet behind …read more […]