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Moderna Partners With Catalent For First 100 Million Covid-19 Vaccine Doses In Q3

Moderna Inc. (MRNA) said it entered into a collaboration with Catalent (CTLT) for large-scale, commercial manufacturing of its mRNA-based experimental vaccine candidate against the novel coronavirus.As part of the agreement, Catalent will provide vial filling and packaging, as well as additional staffing at its facility for the production of an initial 100 million doses of the vaccine candidate to supply the U.S. market starting in the third quarter of this year. The companies said that they are also in talks to secure capacity for continued production of hundreds of millions of additional doses.The announcement pushed Catalent shares up 3.2% to …read more […]

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Tesla Plans to Make Batteries Around the Clock in Bay Area

(Bloomberg) — Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area, adding manufacturing capabilities that would run 24 hours a day.The electric-car maker laid out its plans in documents filed with the city of Fremont, California, where the facility is located. It’s near Tesla’s auto factory and would employ 470 workers.The plans were filed earlier this year but surfaced weeks after Chief Executive Officer Elon Musk, in a contentious battle with Alameda County over coronavirus-prompted stay-at-home orders, threatened to yank the company’s headquarters from the Golden State.Read More: Lockdown Strains Relations Between California and …read more […]

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Occidental Plans First Junk Bond Sale to Fund Debt Buybacks

(Bloomberg) — Occidental Petroleum Corp. is selling new high-yield debt to fund its planned buyback of up to $1.5 billion of bonds maturing in the coming years as it seeks to tackle its wall of upcoming maturities.The Houston-based company is issuing five-, seven- and 10-year unsecured notes to fund its repurchase offer and refinance existing debt, according to a person familiar with the matter, who asked not to be named because the offering is private. Occidental said in a regulatory filing Thursday that it may take a $6 billion to $9 billion writedown in the second quarter as it deals …read more […]

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GNC Jumps After Bankruptcy Filing, Defying Warning of a Wipeout

(Bloomberg) — Here we go again. A day after filing for bankruptcy protection, shares of GNC Holdings Inc. had their biggest gain in weeks.GNC jumped as much as 71% in New York on Thursday. That’s the biggest gain since June 8, with the beleaguered stock briefly trading for over $1 a share — the highest in more than a week. It’s happening even though the company’s turnaround plan warns shareholders they’ll be wiped out.The move will likely remind investors of the bizarre trading this month in Hertz Global Holdings Inc. Its stock rose almost tenfold after the car renter filed …read more […]

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How to Achieve Financial Freedom

You may be wondering how to achieve financial freedom. After all, it would be nice to be free from any and all money troubles. But how do you get there?
I may have some bad news for you: it’s going to take a lot of patience, sweat and hard work. But here’s the good news: if one is willing to put in that patience, sweat and hard work, anyone can achieve financial freedom. Even you.
In this article, we’ll dive deeper into how you can there. There are many steps it will take for you to be truly financially free. But in …read more […]

Spotlight Stocks

DraftKings Inc. (NASDAQ:DKNG), CEO Jason Robins: “The Intersection of Digital Sports Entertainment and Gaming”

        DraftKings Inc. (NASDAQ:DKNG) Q1 2020 Earnings Conference Call Summary Highlights Jason Robins, CEO “DraftKings is uniquely positioned at the intersection of digital sports entertainment and gaming in a rapidly growing industry. […]

Spotlight Stocks

Penn National Gaming, Inc. (NASDAQ:PENN) CEO, Jay Snowden: “Positioned to Thrive with Barstool Sports & Digital Transformation of Gaming”

              Penn National Gaming, Inc. (NASDAQ:PENN) Q1 2020 Earnings Conference Call Summary Highlights Jay Snowden, CEO: “I’d like to transition and focus the balance of my time this morning, […]