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China Is Threatening To Kill The Deal For TikTok

Plus, Johnson & Johnson started its phase three trial for its possible coronavirus vaccine, Nike shares are up after its earnings report, and Tesla shares are down after its disappointing Battery Day event.

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Banking Sector
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Nikola Shares Plummet After Founder Milton Resigns

Plus, President Trump ok-ed the deal between Oracle and ByteDance for TikTok’s U.S. operations, bank stocks are down following a report detailing $2 trillion in transactions of possible money laundering, and Microsoft is buying the video game publisher of Fallout and The Elder Scrolls.

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The Commerce Department Just Moved To Ban TikTok & WeChat From U.S. App Stores Starting Sunday

Plus, Atlanta Fed President Bostic urged Congress to pass additional fiscal support for the U.S. economy, Herman Miller shares surged after the company’s blowout earnings report, and Beyond Meat shares are down following a downgrade.

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Biopharmaceuticals
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Nikola Shares Tank After Allegations Of Fraud From A Short Seller

Plus, wildfires continue to burn on the U.S. West Coast, Trump won’t extend the deadline for TikTok to feel its U.S. operations, China is testing a intranasal spray vaccine, and Peloton delivered an earnings beat.

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Nikola Shares Skyrocket On News Of GM Taking 11% Stake In The Electric Truck Maker

Plus, the Senate will vote on a “skinny” coronavirus relief bill this week, companies in the race to produce COVID-19 vaccines pledged to avoid shortcuts on science in the approval process, and Microsoft announced a smaller version of its new Xbox gaming console.

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Auto Industry
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One Hot Stock

China Yuchai International Limited (CYD) – Buy Price: $17.00 or better

Stock Picking Secrets –  Now you can buy the best stocks at the best time in under 30 mins a day. See How Buy Price: $17.00 or better Sell Price: TradersPro Sell Signal China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People’s Republic of China and internationally. […]

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AstraZeneca Shares Are Up On Reports Trump Administration May Fast Track Its COVID-19 Vaccine

Plus, the FDA issued emergency use authorization of convalescent plasma to treat hospitalized coronavirus patients, TikTok is suing the U.S. government, and another electric vehicle startup is going public.

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Lyft Is Officially Suspending Its Ride-Share Service In California

Plus, initial jobless claims again came in above 1 million, Johnson & Johnson is launching a trial for its coronavirus vaccine candidate with 60,000 people next month, and Airbnb filed to go public.

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Barrick Gold Shares Surge Higher After Buffet’s Berkshire Discloses A New Stake In The Gold Miner

Plus, the FDA granted Yale University’s saliva-based coronavirus test emergency use authorization, Sanofi is buying Principia Biopharma, and Amazon is mulling an investment in Rackspace Technologies.

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Tesla Just Announced A Five-For-One Stock Split

Plus, China wants TikTok and WeChat to be on the agenda in upcoming trade talks with the U.S., the U.S. government will purchase at least 100 million doses of Moderna’s coronavirus vaccine, and Stein Mart just became the latest retailer to declare bankruptcy.

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