Stock futures sank Monday morning, following global equities lower and setting the three major indices up to extend last week’s sharp declines. …read more […]
Trevor Milton says the ‘focus should be on the company’ and tha the intends to defends himself against ‘false allegations.’ …read more […]
(Bloomberg) — Genetic sequencing giant Illumina Inc. agreed to acquire Grail Inc. in a deal valuing the cancer-detection startup at $8 billion.Grail shareholders will receive $3.5 billion in cash and $4.5 billion in Illumina common stock, the companies said on Monday. Illumina already holds 14.5% of Grail’s outstanding shares, and approximately 12% on a fully diluted basis.Illumina, a giant in the DNA sequencing space, serves as the backbone for consumer genetics tests and is becoming an integral part of pharmaceutical research efforts. Grail, originally founded by Illumina and later spun out as a standalone company, is developing a blood test …read more […]
During a virtual ceremony that was the first major award show of the Covid-19 era, Zendaya became the youngest lead actress winner in a drama for her role in “Euphoria.” Regina King and Jeremy Strong were among the other actors to earn Emmys. Photo: Television Academy/ABC/Associated Press …read more […]
It’s difficult not to see Walmart’s deal with Oracle for TikTok as shareholder positive. …read more […]
Tesla Inc has a chance to deliver a record number of vehicles in the third quarter, the U.S. electric carmaker’s Chief Executive Officer Elon Musk said in an internal email, urging employees to work hard to achieve that goal. The quarter-end rallying cry has become a familiar theme in recent quarters at Tesla, with Musk calling on employees to quickly build and deliver vehicles at the end of the quarter to achieve specific targets. …read more […]
Barrick Gold’s (TSE:ABX) stock is up by 9.2% over the past three months. Since the market usually pay for a company’s… …read more […]
Supreme Court Justice Ruth Bader Ginsburg’s death has made her open seat a central issue in the November election. President Trump said he would nominate a woman as Joe Biden appealed to Republicans to not confirm a nominee. Photo: Megan Jelinger/Zuma Press …read more […]
Top news and what to watch in the markets on Monday, September 21, 2020. …read more […]
Sep.21 — Donald Trump’s plans to name a replacement for Supreme Court Justice Ruth Bader Ginsburg this week offer Joe Biden the chance to galvanize newly energized Democrats, while providing the president a fresh battle in a culture war he’s waged for four years. Early reaction to Ginsburg’s death on Friday suggests Biden stands to gain more politically from the sudden vacancy, as it underscores the stakes of the contest for liberal voters who had been reluctant to endorse his centrist candidacy. Derek Wallbank reports on “Bloomberg Surveillance.” …read more […]
Investors and big auto makers are pouring money into electric-vehicle startups in a search for the next Tesla, with the hopes of cashing in. One company is drawing more scrutiny than most. WSJ explains. Illustration: Jacob Reynolds/WSJ …read more […]
(Bloomberg) — U.S. equity-index futures extended declines, signaling losses at the open on Wall Street, as global stocks were hit by concern about new restrictions spurred by rising coronavirus cases.Futures contracts on the S&P 500 Index dropped 1.4% as of 10:20 a.m. in London, pointing to a fourth straight daily decline, the longest stretch of losses for the gauge since the end of February. Contracts on the Dow Jones Industrial Average and Nasdaq 100 fell 1.6% and 1.2%, respectively.U.S. deaths related to Covid-19 are nearing 200,000 and the nation’s new cases rose in line with a one-week average. At least …read more […]
Tesla’s stock has risen in recent sessions ahead of the event scheduled for Tuesday after the close of trading. Many analysts expect Musk to unveil battery improvements extending the Palo Alto, California automaker’s lead over General Motors, Volkswagen and other rivals. Tesla options are pricing in a stock move of around 17% – up or down – by Friday, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. …read more […]
Sep.21 — Democratic Presidential Nominee Joe Biden makes a plea to Senate Republicans who are moving quickly to fill the Supreme Court seat of Justice Ruth Bader Ginsburg who passed away on Friday. He spoke at news briefing in Philadelphia. …read more […]
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