Plus, House Democrats unveiled their latest coronavirus relief bill, Sanofi said the U.S. will get its COVID-19 vaccine before the rest of the world if successful, JCPenney is talking with lenders ahead of an expected bankruptcy filing, and Tesla won its battle to start reopening its Fremont, CA plant.
Read MoreTrade Setup Buy Target $4.31 Sell Target $5.36 Vaccinex, Inc., a clinical-stage biotechnology company, discovers and develops bio therapeutics to treat serious diseases and conditions with unmet medical needs. The company offers its products for the treatment of cancer, neurodegenerative diseases, and autoimmune disorders. Its lead product candidate is pepinemab that is in clinical development […]
Read MorePlus, the FDA granted emergency use authorization for Abbott Laboratories’ COVID-19 antibodies test, oil is higher after Saudi Arabia said it would cut production by an additional 1 million barrels per day, and Constellation Brands got a downgrade from MKM Partners.
Read MorePlus, Sorrento Therapeutics is partnering with New York’s Mount Sinai on developing a antibody cocktail to shield health care workers and other front-line workers from the coronavirus, Tesla is resuming production at its Fremont, CA plant, and Disney shares got a boost from tickets selling out within minutes for the reopening of its Shanghai Disneyland park.
Read MorePlus, stocks are higher on hopes for trade talks between the U.S. and China, weekly jobless claims came in at 3.17 million, luxury department store Neiman Marcus filed for Chapter 11, and Tesla has temporarily halted production at its Shanghai plant.
Read MorePlus, oil snapped its five-day winning streak, Uber is laying off 14% of its workforce, Disney saw $1.8 billion in lost profit last quarter due to the coronavirus, while General Motors managed to eke out a profit.
Read MoreAs North America, and most of the world starts to move from broadly implemented lockdown and shelter-in-place mandates to gradually easing restrictions, I think it’s pretty normal to see corporate managers, market analysts, and talking heads commonly talking about the need for a COVID-19 vaccine to really understand the point where things can actually begin […]
Read MorePlus, oil is gaining as demand begins to pickup again, Pfizer has begun human trials of its COVID-19 vaccine candidate, Wendy’s restaurants are running out of beef, and Wayfair shares are up after it reported sales surged 20% last quarter.
Read MoreBuy Price: $8.25 or better Sell Price: TradersPro Sell Signal Cassava Sciences, Inc., a clinical stage biotechnology company, develops drugs for nervous system disorders. Its lead therapeutic product candidate is PTI-125, a small molecule drug, which is completed Phase 2b clinical trial; and investigational diagnostic product candidate is SavaDx, a blood-based biomarker/diagnostic to detect Alzheimer’s […]
Read MorePlus, stocks were lower on fears that President Trump may reignite tensions with China, Amazon said that it expects to spend as much as it earns in the second quarter on COVID-related expenses, and Apple shares took a hit after the iPhone maker declined to give forecast for the first time in a decade.
Read MoreBuy Price: $3.10 or better Sell Price: TradersPro Sell Signal Soleno Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases. Its lead candidate is Diazoxide Choline Controlled Release (DCCR), a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is being evaluated […]
Read MorePlus, the FDA is moving at “lightning speed” to review data on Gilead’s remdesivir treatment for COVID-19, Tesla CEO Musk decried stay-at-home orders in an expletive-filled earnings call rant, Macy’s plans to reopen all of its stores within the next six weeks, and American Airlines reported it lost more than $2.2 billion last quarter.
Read MorePlus, U.S. GDP contracted 4.8% in the first quarter, Spotify saw a 31% increase in active premium subscribers to its music streaming platform in the first quarter, while Boeing is cutting its payroll costs by 10% amid an aviation market “frozen” by the coronavirus pandemic.
Read MorePlus, oil prices rose on reports of an explosion at an oil tanker in Syria, Treasury Secretary Mnuchin said it’s “outrageous” that the Los Angeles Lakers and other large companies received aid meant for small businesses, Simon Property Group is preparing to reopen 49 of its mall properties nationwide, and its a busy day for earnings.
Read MorePlus, oil fell lower again, GM is suspending its dividend to shore up cash, Tesla is calling employees back to its Fremont, California plant ahead of schedule, and Starbucks shares are higher after the coffee giant struck a partnership with Sequoia Capital China to expand its operations in the world’s second largest economy.
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