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The stock market is heating up, and some Wall Street bulls are turning even more positive. Among those adapting an increasingly bullish approach is Stifel’s Head of Institutional Equity Strategy, Barry Bannister, who believes the worst is behind us, freeing up the S&P 500 to continue its ascent. Previously calling for an aggressive rebound right before the market’s March lows, he now projects that by the end of August, the S&P 500 will hit 3,250, reflecting an 8% rise from current levels.“We now raise our S&P 500 price target to 3,250 by Aug-30, 2020 (in 3 months), supported by economic …read more […]

The experimental shot is also being produced by the Serum Institute of India, the world’s largest manufacturer of vaccines by volume, and AstraZeneca is in talks with several governments and global partners to increase production. Oxford Biomedica said on Thursday it signed a one-year clinical and commercial supply agreement with AstraZeneca to provide multiple batches of the vaccine, called AZD1222, and that the majority of the batches would be produced throughout 2020. Last month, Oxford Biomedica said it joined a consortium, including the Jenner Institute, that came together for possible large-scale manufacturing of AZD1222. …read more […]

President Trump is expected to sign an executive order, targeting Twitter and Facebook. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Rick Newman break down the details.
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(Bloomberg) — Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets.Now, he’s poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook Inc. and other technology giants by having the government narrow liability protections that they enjoy for third parties’ posts, according to a draft of an executive order obtained by Bloomberg.“This will be a Big Day for social media and FAIRNESS!” Trump said in a tweet Thursday morning.Twitter slumped to a session low …read more […]

(Bloomberg) — South Korea reported its biggest spike in new coronavirus cases in nearly two months, raising concerns about a second wave of infections. Small clusters also emerged in several locations in Japan in its first week since the emergency was lifted.Cases continued to soar in Brazil and America reached the grim milestone of 100,000 deaths, the most in the world. The U.K.’s coronavirus tracing program was hit by technical problems on the day of its launch, with some health-care workers unable to log-on to the system.Roche’s immune suppressor Actemra will be paired with Gilead’s antiviral remdesivir in a late-stage …read more […]

Stock futures were mixed Thursday morning, mostly holding gains after the S&P 500 pushed to an 11-week high a day earlier. …read more […]