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Morgan Stanley’s Record Earnings Clouded By $911 Million Archegos Loss

Plus, Johnson & Johnson asked rivals to participate in a trial investigating the potential risk of blood clots following COVID-19 vaccine, GM and LG Chem are investing $2.3 billion in a second EV battery factory, and Dogecoin is sparking bubble concerns.

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JPMorgan Kicked Off Earnings Season With Better-Than-Expected Q1 Results

Plus, Goldman Sachs and Wells Fargo also delivered earnings beats, Coinbase is set to go public at $355 per share, and Kohl’s reached an agreement with a group of activist investors to add two new independent directors to its board.

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FDA & CDC Recommend Pause Of J&J’s COVID-19 Vaccine On Rare Blood Clotting Disorder Concern

Plus, airlines shares are down on the J&J news, bitcoin surged to a new high above $63,000, Taco Bell is opening its first digital-only store in the U.S., and a SoftBank-backed ride hailing company is going public in the U.S. via a SPAC merger.

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1 In 5 Americans Now Fully Vaccinated Against COVID-19

Plus, Europe’s drug regulator is now examining Johnson & Johnson’s vaccine for links to rare blood clots, Boeing’s 737 MAX is temporarily grounded again, and Netflix inked a deal with Sony to exclusively stream its movies after their theatrical releases.

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EU Medicines Regulator Says It Found Link Between AstraZeneca COVID-19 Shot & Rare Blood Clots

Plus, UPS is buying 10 electric vertical takeoff and landing aircraft from Beta Technologies, Morgan Stanley sold $5 billion worth of shares owned by Archegos Capital a day before it collapsed, and Fibrogen shares are down 40%.

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Stocks Soar On Blowout March Jobs Report

Plus, the Supreme Court just sided with Google against Oracle, Tesla beat on Q1 delivery and production expectations, and AMC got an upgrade.

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S&P 500 Rises To Fresh Record Ahead Of Biden’s $2.25 Trillion Infrastructure Announcement

Plus, Pfizer’s COVID-19 vaccine was found to be 100% effective in kids aged 12 to 15, Volkswagen tried and failed to make a funny, and Goldman Sachs is gearing up to offer bitcoin and other digital assets for its wealth management clients.

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Volkswagen Accidentally Leaks It Is Rebranding To Voltswagen On EV Push

Plus, Spotify is getting into live audio with its latest acquisition, Virgin Galactic unveiled its newest spacecraft, and Merck shares are down after the FDA rejected its application for approval of Keytruda for a new indication.

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Credit Suisse & Nomura Shares Drop On Warnings Of “Significant” Hits To Q1 Earnings From Archegos Fallout

Plus, the CDC said Pfizer and Moderna’s COVID-19 vaccines are 80% effective two weeks after the first dose, Boeing shares are up after Southwest announced an order for the manufacturer’s 737 Max jets, and Cazoo is going public through a SPAC merger.

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Biopharmaceuticals
One Hot Stock

Vericel Corporation (VCEL) – Buy Price: $57.00 or better

Buy Price: $57.00 or better Sell Price: TradersPro Sell Signal Vericel Corporation, a commercial-stage biopharmaceutical company, researches, develops, manufactures, and distributes cellular therapies for sports medicine and severe burn care markets in the United States. The company markets autologous cell therapy products comprising MACI, an autologous cellularized scaffold product for the repair of symptomatic, and […]

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WeWork Is Finally Going Public Through A SPAC Merger

Plus, GlaxoSmithKline and Vir Biotechnology applied for emergency use authorization for their COVID antibody drug with the FDA, Chinese EV-maker Nio shut down production due to the global semiconductor shortage, and the shipping vessel blocking the Suez Canal is expected to be stuck until Wednesday.

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Intel To Spend $20 Billion To Build Two New Chip Foundries

Plus, GameStop shares sink after the company reported disappointing earnings results, Pfizer has begun human testing for a pill to treat the coronavirus, and Robinhood confidentially filed to go public.

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AstraZeneca Shares Down After U.S. Says Company Included Outdated Information In COVID-19 Trial Data

Plus, the Fed’s Kaplan said higher interest rates could come next year, Microsoft is reportedly in talks to buy messaging platform Discord for more than $10 billion, and Cineworld said its Regal Cinema chain will reopen 500 U.S. locations on April 2.

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AstraZeneca’s COVID-19 Vaccine Found To Be 79% Effective In Large U.S. Trial

Plus, Deutsche Bank said Volkswagen could surpass Tesla in EV sales by next year, while ARK Invest says Tesla could see $3,000 per share by 2025, and Canadian Pacific Railway is buying Kansas City Southern for $25 billion.

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Is AZN a smart bet on global vaccines right now?

As the pace and progress of vaccinations across the country, and the world begins to increase, more and more commentary is starting to talk in practical terms about concepts like “herd immunity,” when a large enough portion of the population has built antibodies either by recovery from coronavirus or through vaccination itself. Most of the […]

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