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Biogen plunges 30% after FDA panel votes against Alzheimer's drug, , on November 9, 2020 at 1:06 pm
Wall Street analysts largely believe the panel's near-unanimous votes against the drug, aducanumab, make it difficult for the FDA to go against the panel. "Approving aducanumab, in the face of such an overwhelmingly negative vote and commentary, is virtually...
Is Himax Technologies, Inc. (NASDAQ:HIMX) Worth US$3.8 Based On Its Intrinsic Value?, , on November 9, 2020 at 12:46 pm
Today we will run through one way of estimating the intrinsic value of Himax Technologies, Inc. (NASDAQ:HIMX) by..., Today we will run through one way of estimating the intrinsic value of Himax Technologies, Inc. (NASDAQ:HIMX) by...,
Biogen Plunges After Alzheimer’s Blow, Analysts Downgrade, , on November 9, 2020 at 12:19 pm
(Bloomberg) -- Biogen Inc. shares plunged early on Monday and analysts braced for further declines after a U.S. Food and Drug Administration advisory panel harshly judged the efficacy of the company’s experimental Alzheimer’s disease therapy, dimming prospects it will...
US STOCKS-Wall St set to jump as Pfizer says vaccine effective, , on November 9, 2020 at 12:16 pm
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Apple's new Macs could revive the PC chip wars, analysts say, , on November 9, 2020 at 12:14 pm
Apple Inc on Tuesday is expected to unveil new Mac computers using its own in-house processor chips, a move that could reignite a race to control the market for desktop and laptop chips and benefit players such as Qualcomm Inc. The market has been dominated by Intel...
Equinox Gold Reports Third Consecutive Quarter of Record Results with 128,400 Ounces of Gold Sold and Earnings from Mine Operations of $98 Million, , on November 9, 2020 at 12:06 pm
all dollar figures in US dollars, unless otherwise indicatedVANCOUVER, BC, Nov. 9, 2020 /CNW/ - Equinox Gold Corp., all dollar figures in US dollars, unless otherwise indicatedVANCOUVER, BC, Nov. 9, 2020 /CNW/ - Equinox Gold Corp.,
Aurora Cannabis Announces Fiscal First Quarter 2021 Results, , on November 9, 2020 at 12:00 pm
* 1 Canadian Medical Position by Cannabis Net Revenue & Strong International Medical Growth * Cannabis Net Revenue of $67.8 million, Adjusted Gross Margin of 48%, or 52% Excluding Nordic 1 Ramp Up Costs * Achieved Targeted SG&A; During Q1 2021NYSE | TSX:...
Pfizer, BioNTech say their COVID-19 vaccine is more than 90% effective, , on November 9, 2020 at 11:45 am
Pfizer said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study., Pfizer said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.,
Canopy Growth Reports Second Quarter Fiscal 2021 Financial Results, , on November 9, 2020 at 11:00 am
Achieved record quarterly net revenue of $135 million Net Loss of $97 million; Adjusted EBITDA loss of $86 million, a 43% improvement versus Q2 FY20Implementing initiatives to capture $150-$200 million of savings across our cost structureIncreased market share by 200...
Fannie-Freddie Plan Could Face Race to Finish After Biden’s Win, , on November 9, 2020 at 11:00 am
(Bloomberg) -- A White House-backed effort to free mortgage giants Fannie Mae and Freddie Mac from government control has been cast into doubt by former Vice President Joe Biden’s victory over President Donald Trump.That leaves Trump officials with roughly...
Unanswered election questions, and why forecasters expect stocks to go up: Morning Brief, , on November 9, 2020 at 10:58 am
Top news and what to watch in the markets on Monday, November 9, 2020., Top news and what to watch in the markets on Monday, November 9, 2020.,
S&P 500 Futures Rise in First Trading Since Biden Captured Vote, , on November 9, 2020 at 8:29 am
(Bloomberg) -- U.S. equities resumed last week’s upward march, advancing as traders pressed bets that President-Elect Joe Biden will bring steadier stewardship of the American economy.Bulls picked up where they left off in the best week for U.S. share indexes since...
Norwegian Air suffers body blow as government rules out more support, , on November 9, 2020 at 7:21 am
The Norwegian government will not provide additional financial support for pandemic-hit Norwegian Air the Industry Ministry and the Ministry of Transportation said on Monday, leaving the cash-strapped carrier in a precarious situation. A pioneer in low-fare...
Panasonic Not Worried About Tesla's Battery Expansion Plans, , on November 9, 2020 at 6:37 am
Panasonic Corporation (OTC: PCRFY), a leading Tesla Inc. (NASDAQ: TSLA) battery supplier, is not worried about the electric vehicle maker purchasing batteries from rivals or start in-house manufacturing of battery cells, the Financial Times reports.What Happened:...
Trade Desk Pops 27% On Record Quarterly Sales; Analyst Lifts PT, , on November 9, 2020 at 6:23 am
Shares of Trade Desk jumped 26.6% on Friday after the cloud-based advertising technology platform provider reported stronger-than-expected 3Q results and issued upbeat revenue guidance for 4Q.Trade Desk's (TTD) 3Q adjusted earnings of $1.27 per share jumped 69.3%...
GoPro Jumps 16% On Blowout 3Q; Wedbush Raises PT, , on November 9, 2020 at 6:13 am
Shares of GoPro spiked 15.7% on Friday after the wearable action camera maker's 3Q adjusted earnings of $0.20 came ahead of the consensus estimates of $0.06 per share. EPS flipped from a year-ago loss of $0.42 per share. Revenues of $280.5 million jumped 114%...
Biden, Like Trump, Will Deepen Integration With China, , on November 9, 2020 at 6:08 am
(Bloomberg Opinion) -- To look at the politics of it, you might think that four years of President Donald Trump’s trade war on China were just starting to bear fruit as he prepares to leave office.Japanese Prime Minister Yoshihide Suga used his first foreign tour...
Apple Suspends New Business For Pegatron On Labor Violations, , on November 9, 2020 at 5:59 am
(Bloomberg) -- Apple Inc. suspended new business with key supplier Pegatron Corp. after discovering labor violations at a student workers’ program, taking strong action to clean up its Chinese-focused production chain.The Cupertino, California-based technology giant...
Brent crude tops $40 after Biden's win lifts risk-takers, , on November 9, 2020 at 5:42 am
Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from a worsening coronavirus pandemic. Oil recovered from a 4%...
Investors bet vaccine sparks revival in beaten down stocks, , on November 9, 2020 at 4:56 am
Investors expecting an imminent COVID-19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic. As the market hype around the U.S....
Tesla Has Installed Its 20,000th Supercharger, , on November 9, 2020 at 2:40 am
Tesla Inc. (NASDAQ: TSLA) announced Sunday that the total number of electric vehicle Superchargers deployed by the company has crossed 20,000 globally.What Happened: Tesla describes the Supercharger network as the "world's fastest charging network." The Elon Musk-led...
Stocks Head Toward Record High on Biden Optimism: Markets Wrap, , on November 9, 2020 at 2:40 am
(Bloomberg) -- Global equities headed for a record high amid optimism about the outlook under a Joe Biden presidency. The dollar extended declines.Monday began with a continuation of last week’s embrace of risk, after Biden was declared the winner of the U.S. election...
How Relations With China Could Change Under Biden, , on November 9, 2020 at 2:03 am
Nov.08 -- Deborah Lehr, vice chairman and executive director at Paulson Institute, discusses the relations between the U.S. and China and how they could change under a Biden presidency. She speaks on “Bloomberg Markets: China Open.”, Nov.08 -- Deborah Lehr, vice...
Ant Group’s Stalled IPO Seen Slashing Its Value by $140 Billion, , on November 9, 2020 at 1:32 am
(Bloomberg) -- China’s move to halt Ant Group Co.’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates.New regulations that could force Ant to raise more capital to back lending and seek...
Thailand Riot Police Use Water Cannons on Protesters, , on November 9, 2020 at 1:11 am
Nov.08 -- Riot police in Bangkok used water cannons to disperse anti-government protesters as they tried to approach the royal palace to submit their demands directly to the king. Bloomberg’s Randy Thanthong-Knight reports on “Bloomberg Daybreak: Asia.”, Nov.08 --...
Oil Climbs Toward $38 After Biden Victory; Gold Gains Third Day, , on November 9, 2020 at 12:49 am
(Bloomberg) -- Oil rose toward $38 a barrel and gold climbed for a third day as President-elect Joe Biden prepared to transition into the White House even as Donald Trump rejected the outcome of the U.S. election.Crude futures in New York increased 2.2% and spot gold...
Trump Lawsuits Won't Change Election Outcome: Professor, , on November 9, 2020 at 12:26 am
Nov.08 -- Josh Blackman, professor at South Texas College of Law, discusses President Donald Trump's lawsuits to contest the election outcome, the prospects for the congress and the judiciary system, and the challenges President-elect Joe Biden faces. Blackman speaks...
Palantir in Talks to Support Contact Tracing for U.K., , on November 9, 2020 at 12:20 am
(Bloomberg) -- Palantir Technologies Inc. is in talks with the U.K. government to provide support for contact tracing of Covid-19 cases, according to people familiar with the discussions. Technology from the newly public data-mining company could augment the contact...
US STOCKS-U.S. stock futures higher after Biden election win, , on November 9, 2020 at 12:16 am
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Stock market news live updates: Stock futures open higher after Biden victory, , on November 8, 2020 at 11:13 pm
Stock futures opened higher Sunday evening as traders took in President-elect Joe Biden’s victory in the U.S. presidential election, ending a days-long nail-biter over which candidate would prevail in winning the White House., Stock futures opened higher Sunday...
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