A U.S. biotech company says it has created a coronavirus vaccine. Pennsylvania-based Inovio Pharmaceuticals’ San Diego lab made the discovery reportedly just hours after getting access to the virus’ genetic sequence last month. Inovio Pharmaceuticals CEO Dr. J Joseph Kim joins Yahoo Finance’s On the Move to discuss. …read more […]
(Bloomberg) — Kraft Heinz Co., the iconic food giant created in a merger five years ago, was downgraded to junk by Fitch Ratings, raising fresh worries among investors that a slowing economy could threaten the broader corporate bond market. The packaged-food company was cut one level to BB+, its first high-yield rating. Similar action from S&P Global Ratings or Moody’s Investors Service would officially dub Kraft Heinz as a fallen angel, taking it out of investment-grade indexes. Though Kraft Heinz, with just under $30 billion of debt, is a relatively small investment-grade issuer, it would become one of the top …read more […]
Naturally, famed chocolatier Jacques Torres doesn’t send roses on Valentine’s Day. “You cannot eat flowers. You can just smell them,” he joked on Yahoo Finance’s The Final Round. “Chocolate is the best thing,” he said. …read more […]
Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google , Amazon and Facebook , a document showed.
Shares of Kraft Heinz, in which billionaire Warren Buffett’s Berkshire Hathaway Inc and Brazilian private equity firm 3G own major stakes, fell about 4%. Chicago-based Kraft Heinz, which last year took a $15.4 billion writedown of key brands including Oscar Mayer hot dogs, has been struggling to grow sales as consumers shift to healthier options and private-label brands. “Following Kraft’s commentary around 2020 operating headwinds and its commitment to maintain its dividend, Fitch estimates the company may need to divest up to 20% of its projected 2020 EBITDA to support debt reduction,” the agency said. …read more […]
Kraft Heinz Co’s debt rating was cut to “junk” by global credit ratings agency Fitch on Friday, a day after the ketchup and sausage maker reported lower-than-expected quarterly sales and wrote down the value of some businesses.
VANCOUVER, Washington, Feb. 14, 2020 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today continued positive […]
A big win for Amazon after a federal judge halted Microsoft’s Pentagon cloud contract following a lawsuit by the e-commerce giant. Yahoo Finance’s On the Move panel breaks down what this means for the two companies. …read more […]
NEW YORK and TORONTO, Feb. 14, 2020 — NexTech AR Solutions (NexTech) (otcqb:NEXCF) (NTAR)(N29), the leader in augmented reality for e-commerce and AR learning applications, has decided to voluntarily halt stock trading for one business day. Evan […]
The S&P 500 and the Dow barely moved on Friday, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory.
Shell said on Friday a contractor working at its Singapore refinery had contracted coronavirus, as the city state reported its biggest jump in new cases so far. The oil giant said earlier it had sent some staff home from its main office in Singapore after discovering another employee had been in contact with a carrier. Singapore on Friday reported 9 new cases of the virus, its biggest increase to date and bringing the total to 67. …read more […]
Fiat Chrysler (FCA) said on Friday it had temporarily halted production at its Serbian plant due to disruptions related to components sourced from China, where businesses have been hampered by the outbreak of a new coronavirus.
Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. Airbus, Europe’s biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet programme – Embraer’s main rival – as Canada’s Bombardier sold out of the project it had set up. …read more […]
Celebrating Valentine’s Day, Yahoo Finance’s Alexis Christoforous and Brian Sozzi take a look at an eHarmony report that breaks down how happy couples are in their relationships with Licensed Clinical Psychologist and Author, Dr. Seth Meyers. …read more […]
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