Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential. …read more […]
Plant-based meat pioneer Beyond Meat (BYND) has announced the company’s first co-manufacturing capabilities in Europe with the opening of the Zandbergen co-manufacturing facility in Zoeterwoude, the Netherlands.The new facility, which is owned and operated by Zandbergen, will produce the Beyond Burger and Beyond Sausage, and BYND hopes it will enable more efficient distribution of Beyond Meat’s products across EMEA.This week, Beyond Meat also snapped up its first manufacturing facility in Europe in Enschede, the Netherlands. This Beyond Meat owned facility will be the first outside of Missouri, USA to handle Beyond Meat’s texturizing of plant proteins, the first step in …read more […]
Moderna Inc on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing. The Cambridge, Massachusetts-based biotech said the primary goal of the study would be to prevent symptomatic COVID-19, the disease caused by the novel coronavirus. The key secondary goal would be prevention of severe disease, as defined by keeping people out of the hospital. …read more […]
Menlo Therapeutics Inc.’s (NASDAQ:MNLO): Menlo Therapeutics Inc., a pharmaceutical company, focuses on developing and… …read more […]
Stock futures slid following the Federal Reserve’s monetary policy decision, in which policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it. Meanwhile, market participants also eyed a rise in new coronavirus cases in key states including Arizona, Florida, North Carolina and Texas. …read more […]
(Bloomberg) — Fortunes have been made — and lost — in the oil market this year on an unprecedented scale, but it looks like the world’s traders will have to forgo their last chance to get together and celebrate or commiserate.That’s because S&P Global Platts, the organizer of Singapore’s Annual Asia Pacific Petroleum Conference, just announced that it’s going to hold the event virtually because of the coronavirus.The gathering, in its 36th year, is the biggest of its kind in Asia and one of the industry’s three most important global conclaves, all of which have now been disrupted by the …read more […]
(Bloomberg) — Gold futures rallied as the Federal Reserve vowed to hold interest rates lower for longer and investors tracked signs of a resurgence in infections in some U.S. states.The haven pushed higher after Chairman Jerome Powell said Wednesday the Fed is committed to “do whatever we can, for as long as it takes.” Almost all officials forecast keeping rates near zero through 2022, and the central bank also said it will at least maintain the current rate of bond purchases.“The conditions are here for gold still going to $1,800,” Dominic Schnider, head of commodities & Asia Pacific currencies at …read more […]
We wait for what comes next.
The nation is like a family that’s been plagued with pain. The poor folks have suffered from one bad thing after the next. Divorce, job loss and disease… The community around it keeps its distance and wonders what more could go wrong. People whisper about its fate in church.
The United States has been through a pandemic and deadly riots, and, oh look, a decisive election is on the horizon. What else can there be?
An alien invasion?
If they’re intelligent beings, the aliens will drop in, grab all of our Hershey bars and head back to whence …read more […]
Top news and what to watch in the markets on Thursday, June 11, 2020. …read more […]
Shares in Sorrento (SRNE) are rallying 17% in Thursday’s pre-market trading after the company announced that an Application for Emergency Use Authorization (EUA) is under review at the US FDA for is Covid-19 diagnostic test kit.Its COVI-TRACK in vitro diagnostic test kit enables the independent detection of IgG and IgM antibodies in sera of patients exposed to the SARS-CoV-2 virus.The rapid antibody test allows for results to be available in eight minutes or less. It reveals whether someone has been exposed to or potentially had coronavirus, and subsequently created antibodies to combat the infection.Analytical validation was performed by testing sample …read more […]
Boeing Co. (BA) is facing another setback as the U.S. Air Force has delayed by four years a decision on whether its $44 billion KC-46 tanker program should be approved for full-rate production.According to a Bloomberg report, the U.S. Air Force will announce a decision in July to September of 2024. It was previously planned for this September.The decision comes as Boeing, who is the contractor of the program since 2011, is trying to show it has fixed the flawed camera system used for the plane’s midair refueling mission.The Pentagon’s testing office seeks to postpone completion of ongoing combat testing …read more […]
(Bloomberg) — Losses picked up in U.S. stock index futures after the Federal Reserve signaled that the path to economic recovery will be long and as worries over a second wave of coronavirus infections grew.June contracts on the S&P 500 fell 1.6% as of 8:28 a.m. in London, extending earlier declines. Those on Dow Jones Industrial Average dropped 2%.In Europe, the benchmark Stoxx 600 Index slumped 2.7%, with all subgroup gauges dropping and the losses led by shares of travel companies and banks.Fed Chairman Jerome Powell Chair indicated on Wednesday the central bank will keep providing stimulus into the U.S. …read more […]
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