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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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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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Apple
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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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Amazon
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Buffett’s Berkshire Hathaway Is Betting Big On These 5 Japanese Companies

Plus, U.S. cases of the coronavirus are about to surpass 6 million, China threw a wrench in TikTok-owner ByteDance’s sale of its U.S. operations, and Amazon one approval from the FAA for its drone delivery service.

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Oracle Is Now In The Running To Buy TikTok’s U.S. Operations

Plus, Senate Republicans are planning to introduce a scaled back stimulus bill as the standoff with Democrats over a new virus relief plan continues, Quest Diagnostics sped up its coronavirus testing turnaround time, and three big retailers reported earnings.

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Amazon
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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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Amazon
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China
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Kodak Shares Down By More Than 25% After It’s New Deal With The U.S. Is Put On Hold Pending Investigation

Plus, Treasury Secretary Mnuchin said the Trump administration is open to resuming talks with Democratic leaders on a new coronavirus relief bill as cases in the U.S. surpass 5 million, and Amazon is in discussions to take over old JCPenney and Sears stores to convert them into Amazon fulfillment centers.

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Biogen Shares Jump After FDA Gives Priority Review To Its Alzheimer’s Drug

Plus, President Trump issued an executive order banning TikTok and WeChat, July job gains came in just under 1.8 million, and coronavirus relief bill talks have stalled.

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Nintendo Just Reported Operating Profits Surged 428% Amid The Coronavirus Pandemic

Plus, weekly jobless claims hit their lowest level in the pandemic era but still came in above 1 million, White House and congressional Democratic negotiators have a self-imposed deadline of Friday to come to agreement on a relief package, and Bausch Health is spinning off is eye care business.

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Chinese State Media Call U.S. A “Rogue Country” Amid Conflict Over TikTok

Plus, democrat and republican negotiators made some progress on the next coronavirus relief bill, Ford’s Hackett is out as CEO, and Take-Two Interactive reported strong earnings results.

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