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Showing posts from December, 2020

FOX BIZ NEWS: CDC's Redfield officially recommends Pfizer coronavirus vaccine

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CDC's Redfield officially recommends Pfizer coronavirus vaccine Centers for Disease Control and Prevention Director Dr. Robert Redfield said Sunday that he signed the CDC's official recommendation for Americans 16 and older to use the Pfizer-BioNTech coronavirus vaccine and applauded the vaccine as a step to "help restore some normalcy to our lives and our country."

FOX BIZ NEWS: First shipment of Pfizer-BioNTech coronavirus vaccine leaves Michigan facility

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First shipment of Pfizer-BioNTech coronavirus vaccine leaves Michigan facility The first truck carrying a COVID-19 vaccine for widespread use in the United States pulled out of a Kalamazoo, Mich., manufacturing plant Sunday morning, with the shots that are critical to stopping the nation's coronavirus outbreak destined to reach locations in all 50 states a day later.

FOX BIZ NEWS: AstraZeneca to buy Alexion for $39 billion to expand in immunology

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AstraZeneca to buy Alexion for $39 billion to expand in immunology Britain’s AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in cash and shares to bolster its positions in immunology and rare diseases.

FOX BIZ NEWS: COVID-19 vaccine makers turn to testing children

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COVID-19 vaccine makers turn to testing children Health experts urge more research to help curb transmission and to reopen schools.

FOX BIZ NEWS: US Supreme Court takes up Goldman securities class action appeal

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US Supreme Court takes up Goldman securities class action appeal Goldman is appealing a decision allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis.

FOX BIZ NEWS: How Pfizer delivered a COVID vaccine in record time: Crazy deadlines, a pushy CEO

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How Pfizer delivered a COVID vaccine in record time: Crazy deadlines, a pushy CEO Albert Bourla and his team overcame unproven science and manufacturing bottlenecks; ‘you’re asking for too much.’

FOX BIZ NEWS: Oracle moving from California to Texas, joins Tesla, Hewlett Packard 

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Oracle moving from California to Texas, joins Tesla, Hewlett Packard  The tech giant is kissing California goodbye.

FOX BIZ NEWS: FDA's Pfizer COVID vaccine approval means Moderna's just days away

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FDA's Pfizer COVID vaccine approval means Moderna's just days away Moderna is next in line to win FDA approval for its COVID-19 vaccine.

FOX BIZ NEWS: Chinese auto giant Nio follows Tesla's lead to take advantage of surging stock prices

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Chinese auto giant Nio follows Tesla's lead to take advantage of surging stock prices Chinese electric-car maker Nio Inc. is following U.S. rival Tesla Inc. by offering new shares to take advantage of its surging stock price.

FOX BIZ NEWS: Coronavirus vaccine, congressional gridlock to herald stock market 'nirvana'

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Coronavirus vaccine, congressional gridlock to herald stock market 'nirvana' The S&P 500 is poised to surge 20% next year as the U.S. economy strengthens and risks recede, according to J.P. Morgan.

FOX BIZ NEWS: UK businesses plea for EU deal as talks stall

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UK businesses plea for EU deal as talks stall British trucking firms, supermarkets and other businesses on Friday implored the government to strike a last-minute trade deal with the European Union, as the two sides’ leaders told their citizens to brace for New Year upheaval in the U.K.-EU trading relationship.

FOX BIZ NEWS: Stock futures slide as coronavirus relief talks stall

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Stock futures slide as coronavirus relief talks stall U.S. stock futures were under pressure Friday morning amid concerns a deal on a COVID-19 stimulus package won’t materialize until after the holidays.

FOX BIZ NEWS: Pfizer coronavirus vaccine to receive FDA emergency-use authorization: Alex Azar

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Pfizer coronavirus vaccine to receive FDA emergency-use authorization: Alex Azar The Food and Drug Administration will grant emergency-use authorization for the COVID-19 vaccine developed by Pfizer and BioNTech, Health and Human Services Secretary Alex Azar said Friday.

FOX BIZ NEWS: US stocks mixed as near-term U.S. fiscal stimulus appears unlikely

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US stocks mixed as near-term U.S. fiscal stimulus appears unlikely

FOX BIZ NEWS: Disney dives deep into streaming with a supersized line-up of content planned for Disney+, Hulu & ESPN+

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Disney dives deep into streaming with a supersized line-up of content planned for Disney+, Hulu & ESPN+ Disney chief financial officer Christine McCarthy said the streaming service is on track to reach profitability in 2024.

FOX BIZ NEWS: CEO Brian Chesky on Airbnb's road to becoming 2020's biggest IPO

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CEO Brian Chesky on Airbnb's road to becoming 2020's biggest IPO Airbnb has become 2020's biggest IPO.

FOX BIZ NEWS: Brent oil tops $50 in Biden bounce

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Brent oil tops $50 in Biden bounce The oil market is starting to price in the possibility of a new sheriff in town: Biden.

FOX BIZ NEWS: Airbnb soars over 100% in opening Nasdaq trade

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Airbnb soars over 100% in opening Nasdaq trade Airbnb’s business was hit hard as stay-at-home orders aimed at slowing the spread of COVID-19 eliminated most nonessential travel.

FOX BIZ NEWS: 853,000 Americans filed for unemployment benefits last week

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853,000 Americans filed for unemployment benefits last week The number of Americans filing for first-time unemployment benefits rose more than expected last week amid a surge in COVID-19 infections and governments ordering stricter measures to help slow the spread of the virus.

FOX BIZ NEWS: Moderna starts testing coronavirus vaccine's effectiveness among teens

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Moderna starts testing coronavirus vaccine's effectiveness among teens Massachusetts biotech company Moderna, which is at the cutting edge of a coronavirus vaccine, announced Thursday it has begun testing its vaccine's efficacy among adolescents ages 12 to 17.

FOX BIZ NEWS: Stock futures muted as jobless claims rise, Airbnb IPO on tap

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Stock futures muted as jobless claims rise, Airbnb IPO on tap Investors eye stimulus talks, a key FDA mtg. and Airbnb's big debut.

FOX BIZ NEWS: If you invested $1,000 in Moderna in January, this is how much you'd have now

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If you invested $1,000 in Moderna in January, this is how much you'd have now To put into perspective just how hot the healthcare stock has been this year, consider that investing in Moderna would have generated better returns than if you'd invested in electric car maker Tesla, which is up more than 680%.

FOX BIZ NEWS: Stocks flat in early trading after investors showed appetite for DoorDash IPO

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Stocks flat in early trading after investors showed appetite for DoorDash IPO U.S. equity futures were flat early Thursday, hours before the opening bell after investors showed a strong appetite for IPOs Wednesday for DealDash and before that Airbnb.

FOX BIZ NEWS: Airbnb to price IPO above range at $68 per share: report

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Airbnb to price IPO above range at $68 per share: report Airbnb will price its initial public offering at $68 per share, people familiar with the matter told the Wall Street Journal, far exceeding its previously announced target range of $56 to $60 a share.  

FOX BIZ NEWS: Market analyst advises against buying DoorDash, calls it the ‘WeWork of 2020’

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Market analyst advises against buying DoorDash, calls it the ‘WeWork of 2020’ DoorDash stock skyrocketed in its NYSE debut Wednesday, but New Constructs CEO and market analyst David Trainer told FOX Business Network's “The Claman Countdown” investors shouldn’t waste their money.

FOX BIZ NEWS: Billionaire Jeffrey Gundlach explains what could make him flee California

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Billionaire Jeffrey Gundlach explains what could make him flee California Billionaire bond fund manager Jeffrey Gundlach isn’t planning to cut his ties to California just yet, despite the departure of his wealthy peers from the Democrat-led state and others with high tax rates.

FOX BIZ NEWS: DoorDash IPO delivers big, opens at $182 per share

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DoorDash IPO delivers big, opens at $182 per share The coronavirus pandemic is driving demand for DoorDash, a food-delivery company headquartered in San Francisco.

FOX BIZ NEWS: Stock futures mixed with coronavirus stimulus, vaccine in focus

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Stock futures mixed with coronavirus stimulus, vaccine in focus U.S. stock futures pointed to a mixed open as traders weighed a setback in COVID-19 relief talks and the pending approval of a vaccine.

FOX BIZ NEWS: UK investigates possible allergic reactions to Pfizer coronavirus shot

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UK investigates possible allergic reactions to Pfizer coronavirus shot U.K. regulators said Wednesday that people who have a "significant history'' of allergic reactions shouldn't receive the new Pfizer-BioNTech vaccine.

FOX BIZ NEWS: US stock futures trending higher on coronavirus vaccine, stimulus news: report

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US stock futures trending higher on coronavirus vaccine, stimulus news: report U.S. equity futures are pointing higher hours before the opening bell as Investors were encouraged by upbeat news on coronavirus vaccines and reports that lawmakers and the White House are making progress toward fresh stimulus for the U.S. economy.

FOX BIZ NEWS: DoorDash IPO prices above range at $102 per share

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DoorDash IPO prices above range at $102 per share DoorDash said Tuesday evening that its initial public offering will be priced at $102 per share, above its previously announced price range of $90 to $95 per share, valuing the company at roughly $39 billion after it raised $3.37 billion.

FOX BIZ NEWS: Tesla's Elon Musk confirms Texas move from California, warns state on exodus

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Tesla's Elon Musk confirms Texas move from California, warns state on exodus Elon Musk threw at a dig at the state of California after confirming his move to Texas.

FOX BIZ NEWS: White House claims Pfizer 'negotiating in public' on coronavirus vaccine allocation

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White House claims Pfizer 'negotiating in public' on coronavirus vaccine allocation The White House on Tuesday claimed that Pfizer is “negotiating in public” on the allocation of the forthcoming coronavirus vaccine and trying to embarrass the U.S. government in an effort to gain market share over its vaccine competitors.

FOX BIZ NEWS: Stocks fall for second day as coronavirus cases rise, stimulus in limbo

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Stocks fall for second day as coronavirus cases rise, stimulus in limbo U.S. equity markets slipped Tuesday as the first COVID-19 vaccines were administered in the U.K. and the U.S. Food and Drug Administration delivered some encouraging news about the inoculation.  

FOX BIZ NEWS: Pfizer's COVID-19 vaccine data gets positive FDA review

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Pfizer's COVID-19 vaccine data gets positive FDA review WASHINGTON (AP) — Documents released by U.S. regulators Tuesday confirmed that Pfizer and BioNTech’s COVID-19 vaccine was strongly protective against COVID-19 -- offering the world’s first detailed look at the evidence behind the shots.

FOX BIZ NEWS: Company offering pandemic stock tips accused of $137M fraud

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Company offering pandemic stock tips accused of $137M fraud Federal regulators say the company operators have defrauded consumers out of more than $137 million over the past three years.

FOX BIZ NEWS: Tesla's $5B stock offering taps skyrocketing value

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Tesla's $5B stock offering taps skyrocketing value Tesla is capitalizing on a soaring share price following its upcoming inclusion in the S&P 500.

FOX BIZ NEWS: Record stock levels raise 'groupthink' worries

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Record stock levels raise 'groupthink' worries As the stock market continues its ascent to record highs, a new worry is emerging.

FOX BIZ NEWS: Record stock levels raise 'groupthink' worries

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Record stock levels raise 'groupthink' worries As the stock market continues its ascent to record highs, a new worry is emerging.

FOX BIZ NEWS: Stocks mixed as Dow, S&P lower, Nasdaq on the rise in early Tuesday trading

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Stocks mixed as Dow, S&P lower, Nasdaq on the rise in early Tuesday trading U.S. equity futures are pointing to a lower open Tuesday as hours before the opening bell, the Dow and S&P 500 were down, while the tech-heavy Nasdaq was higher as surging coronavirus infections in the U.S. and other countries tempered investor optimism about the development of possible vaccines.

FOX BIZ NEWS: Goldman Sachs applies to acquire joint-venture Chinese securities firm: WSJ

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Goldman Sachs applies to acquire joint-venture Chinese securities firm: WSJ Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy after partnering with a domestic brokerage for 17 years.

FOX BIZ NEWS: Tesla’s market value hits more than $600B for first time joining ultra-small club

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Tesla’s market value hits more than $600B for first time joining ultra-small club Tesla just joined a small but exclusive club giving Elon Musk a bump on the Forbes billionaire list.

FOX BIZ NEWS: Coronavirus vaccine to fuel faster economic recovery: Goldman Sachs

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Coronavirus vaccine to fuel faster economic recovery: Goldman Sachs A “resilient” consumer and an imminent COVID-19 will propel the U.S. economy to faster growth than previously expected in 2021, according to Goldman Sachs Group.  

FOX BIZ NEWS: Kodak cleared after federal loan probe, stock soars

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Kodak cleared after federal loan probe, stock soars Eastman Kodak Co. shares surged 69% Monday morning after a federal agency cleared the company of wrongdoing related to a $765 million loan that aided its pivot into drug-ingredient manufacturing.

FOX BIZ NEWS: Stock futures dip as investors await details on proposed $908B coronavirus aid package

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Stock futures dip as investors await details on proposed $908B coronavirus aid package U.S. equity futures were modestly lower Monday as investors await the details of a proposed $908 billion COVID-19 stimuls package.

FOX BIZ NEWS: Soaring metals prices signal bets on global economic recovery

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Soaring metals prices signal bets on global economic recovery Industrial metals are the building blocks of construction, key to making everything from houses to electric cars. Their prices are particularly sensitive to manufacturing activity in China because the country accounts for roughly half of global demand for copper and other materials.

FOX BIZ NEWS: US stock market trading lower early Monday morning, reports say

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US stock market trading lower early Monday morning, reports say After a strong week last week, the three major U.S. indeces are showing a weak start to the new week Monday as hours before the opening bell, both the Dow Jones Industrial Averages and the tech-heavy Nasdaq are each down approximately -0.2%. The S&P is down nearly -0.3% in early trading.

FOX BIZ NEWS: Amazon to opt-in customers with Echo, Ring devices to new ‘Sidewalk’ WiFi-sharing feature

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Amazon to opt-in customers with Echo, Ring devices to new ‘Sidewalk’ WiFi-sharing feature Amazon customers who own Echo and Ring devices will be automatically opted in to the new “Sidewalk” feature, which the company says will make the devices work better by sharing some of the users’ Internet connections.

FOX BIZ NEWS: About 150 US Cadillac dealers to exit brand, rather than sell electric cars

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About 150 US Cadillac dealers to exit brand, rather than sell electric cars About 17% of Cadillac’s 880 U.S. dealerships decide against spending for necessary upgrades

FOX BIZ NEWS: Barnes & Noble’s new boss tries to save the chain — and traditional bookselling

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Barnes & Noble’s new boss tries to save the chain — and traditional bookselling The struggling bookseller has laid off once-powerful managers and overturned relationships with publishers in favor of a more local approach.