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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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Auto Industry
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U.S. Coronavirus Deaths Just Passed 200,000

Plus, Tesla shares are down ahead of the electric vehicle maker’s Battery Day event, Carvana shares are up after it said it expects to post records in multiple categories when it announces third quarter earnings, and Coca-Cola is entering the hard seltzer space next year.

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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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President Trump Could Make A Decision On The TikTok Deal In 24 – 36 Hours

Plus, jobless claims were lower than expected for last week though recovery in the labor market appears to be slowing, there’s a glimmer of hope on the stimulus front, and Moderna said it should have data for its late-stage coronavirus vaccine trial in November.

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FedEx Shares Surge On Better-Than-Expected Earnings Results

Plus, the Fed wraps up its last meeting before the presidential election today, U.S. consumer spending slowed in August, and Eli Lilly said its antibody treatment for the coronavirus appeared to reduce hospitalization rates in a trial.

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Kraft Heinz Shares Bounce After Company Says It’s Targeting $2 Billion In Cost Cuts Over 5 Years

Plus, Nikola shares are down following reports that the SEC is investigating a short-seller’s fraud claims, and Apple shares are up ahead of its first major product launch event of 2020.

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Oracle Won The Bid For ByteDance’s TikTok

Plus, Nvidia is buying Arm Holdings in the biggest deal in the semiconductor industry ever, Gilead said it’s continuing to study new ways to use its remdesivir treatment for the coronavirus, and Delta said it is borrowing $6.5 billion backed by its frequent-flyer program.

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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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Restoration Hardware Shares Up More Than 20% On Analyst Upgrade

Plus, weekly jobless claims were higher than expected, AstraZeneca said it still expects to know whether its coronavirus vaccine will be safe and effective before the end of this year, and LVMH is suing Tiffany.

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