Month: November 2020

Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Snap on Monday announced the launch of Spotlight, a Snapchat feature that functions like TikTok and Instagram Reels. Spotlight will

Take a look at some of the biggest movers in the premarket: Merck (MRK) – Merck is buying privately-held drug maker OncoImmune for $425 million cash. OncoImmune is a developer of drugs designed to treat Covid-19, cancer and other diseases, and its vaccine candidate has shown promising results in a late-stage study. Merck shares added

A customer pushes a shopping cart containing stuffed toys at a Target Corp. store in the Queens borough of New York, U.S, on Thursday, Nov. 28, 2019. Bess Adler | Bloomberg | Getty Images On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through crowded aisles to get a

Pharmaceutical giant Merck said it plans to acquire privately held OncoImmune for $425 million in cash, gaining rights to an under-the-radar drug that’s shown striking results in hospitalized patients with Covid-19. The medicine, referred to as CD24Fc, was shown in a late-stage clinical study in September to reduce the risk of respiratory failure or death

The Champs-Elysees Avenue and the Arc de Triomphe are seen after the Christmas illuminations were switched on in Paris, France, Nov. 22, 2020. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON — Economic activity in the euro zone sank once again in November after governments introduced new lockdowns and social restrictions to

A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters LONDON — British pharmaceutical giant AstraZeneca on Monday said an interim analysis of clinical trials showed its coronavirus vaccine has an average efficacy of 70% in protecting against the virus. This is

Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others. Massachusetts-based biotech company Moderna said last week that its coronavirus vaccine was nearly 95% effective

A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety about shopping in stores and enclosed malls is only escalating, as Covid-19 cases surge across

Workers are seen at a production line manufacturing solar photovoltaic components at a factory in Huzhou, Zhejiang province, China February 12, 2019. Lin Yunlong | Zhejiang Daily | Reuters BEIJING — China is set to remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to

Bryn Mawr Trust’s Jeff Mills sees the recovery hitting major speed bumps tied to the new wave of lockdowns. But the top investor refuses to turn bearish on economically sensitive stocks — even if GDP turns negative. “The market is telling us it’s going to look past the slowdown that we’re going to experience in

Dow Jones Industrial average futures fell slightly in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow fell 66 points, or 0.2%. The move indicated an opening decline of about 50 points. S&P 500 futures fell 0.1%, while Nasdaq 100 futures were

Leaders of the world’s 20 biggest economies have pledged to address the global recession caused by the coronavirus and outlined plans to accelerate an equitable and sustainable recovery at the conclusion of the historic G-20 summit in Saudi Arabia. “We are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post-COVID-19

Henrique Dubugras, founder and chief executive office of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should’ve meant disaster for Brex, the high-flying Silicon Valley start-up that lends to thousands of other start-ups. Founded

Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow palettes and facial scrubs will be the next big thing to drive customers, especially younger

US President Donald Trump (L) speaks with Governor Chris Christie (R-NJ) after he delivered remarks on combatting drug demand and the opioid crisis on October 26, 2017 in the East Room of the White House in Washington, DC. Jim Watson | AFP | Getty Images WASHINGTON — President Donald Trump’s confidant former New Jersey Gov. Chris

Operation Warp Speed chief advisor Dr. Moncef Slaoui has had “no contact” with the incoming Biden administration regarding the transition process and vaccine distribution plans. Since President-elect Joe Biden won the election, President Donald Trump has refused to concede and his campaign has challenged the results of the election in court. Despite his lack of communication with the

Jose Luis Pelaez Inc | DigitalVision | Getty Images Don’t let the holidays distract you from last-minute opportunities to reduce your 2020 tax bill. There are about five weeks left in the year, which means the clock is ticking on tax-planning strategies. Some tactics are only in play for 2020, thanks to the federal CARES