Tiny biopharmaceutical company Milestone Pharmaceuticals (MIST) had a big day Thursday, first announcing the completion of one study (NODE-301) and the continuation of a second (NODE-301B, now to be renamed the “RAPID study”), that will, together, support a future New Drug Application submission to the FDA for its etripamil cardiovascular drug — then announcing a
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With airlines suffering from low traffic and billions in losses, investing in airports right now may seem unwise. But, in fact, airport bonds have been outperforming the broader municipal bond market. Strategists say it’s because airports went into the Covid crisis with a lot of cash on hand and that should help them weather the
Novavax (NVAX) has announced an agreement with Fujifilm Diosynth Biotechnologies (FDB) to manufacture bulk drug substance for NVX-CoV2373, Novavax’s COVID-19 vaccine candidate. According to the statement, FDB’s North Carolina site has already begun production of the first batch of NVX-CoV2373. Novavax is financing the deal through its recent $1.6 billion award by the federal government as part
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported a 34% jump in the key metric monetizable daily active users compared to a year ago, bringing the total to 186 million. Revenue fell short of Street forecasts, and Twitter reported an overall loss for the second quarter
Another quarter, another home run for Tesla (TSLA). After the closing bell Wednesday, the company posted its results for Q2, with the numbers blowing Wall Street’s forecasts right out of the water. Not to mention, Musk & Co. once again defied the naysayers by reissuing its original FY20 unit delivery target of 500,000 units. Looking
The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Intel — Intel’s stock dropped 8% in extended trading after the company offered disappointing third-quarter guidance. Intel released its second quarter earnings, beating predictions of analysts surveyed by
from The Morgan Report David Morgan‘s weekly perspective… We’ve only had one depression in modern times: The Great Depression, the worst economic downturn in the history of the U.S. and the industrialized world. With unemployment at levels unseen since The Great Depression, one has to be wondering if the country will eventually dip into a major
On a strange day in an even stranger year, the market reached a pandemic milestone. Monday July 20 saw the S&P 500 finish the session slightly ahead of June 8’s close, marking a new pandemic high. In the following two sessions, it extended its winning streak. Progress in the advancement of a COVID-19 vaccine certainly
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
From Birch Gold Group Thanks to the pandemic, Americans on the verge of retiring could be forced to deal with some adverse effects. NBC Connecticut provided some insight on the developing situation: Your Social Security payments have been determined in part by a formula that includes your earnings at age 60, two years before you’re eligible. Connecticut Congressman
Shares of Equifax (EFX) rose 5.5% in after-hours trading on Wednesday, thanks to its better-than-expected 2Q earnings. The credit-data company’s adjusted earnings of $1.60 per share topped analysts’ expectations of $1.30. Moreover, quarterly earnings jumped 14% year-over-year, reflecting higher revenues and improved margins. Equifax 2Q revenues grew 12% year-over-year to $982.8 million and beat Street estimates of
Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic ties and forcing investors to reassess
by ahjhrfhKL43746DDf The current global economic system is based on the hyperglobalism and selective capitalism that has evolved from Adam Smith’s classic emancipatory capitalism into selective globalism that is supported by the IMF, the World Bank, and WTO and is dominated by the neo-imperial elite. This neo-imperial elite that is less than 1% of the
Charts, just like looks, can be deceiving. Since bottoming out on March 20 during COVID-19’s peak destruction of the market, shares of chipmaker Micron (MU) have appreciated by 43%. You would think those are some excellent returns but dig a little deeper and you find Micron has underperformed. Compared to the SOX (the Philadelphia SE
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
Well, the quadrennial silly season is upon us. Corona may have delayed the start of campaigning, but it couldn’t derail our Constitutionally ordained ritual of holding a Presidential election every fourth year. Stock traders are deeply interested in every year’s election results, watching party platforms and candidate statements closely for clues to economic policy. Some
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. FirstEnergy — The energy stock fell more than 24%, continuing a sharp fall from Tuesday, after the company was embroiled in a corruption investigation in
Tesla Inc.’s (TSLA) billionaire founder Elon Musk qualified on Tuesday for a payout worth more than $2 billion, his second jackpot since May from the electric car maker as the stock surged a whopping 275% this year. Tesla’s stock was down 4.5% at the close on Tuesday, trimming the rally that has propelled the company’s
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd time in 25 quarters that the company beat Wall Street forecasts, but a year-over-year revenue
Investors of Moderna (MRNA) slept soundly last weekend, as shares ended each session in the green during the week. Saving the best for last, on Friday July 17, Moderna posted a 16% uptick after it was revealed that the European Union (EU) might purchase Moderna’s experimental COVID-19 vaccine. The latest surge has sent the stock
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Snap — The social media company’s stock fell 5% in extended trading after itreleased its second-quarter financial results. The company reported a loss of 9 cents per share, in line with Refinitiv analysts’ estimate, and revenues of $454 million, compared to analysts’
by Fabius Maximus Summary: One of the big stories in the last days of the American Republic is our gullibility. Now propaganda rules our minds. The dominance of tribal truths makes rational discussion difficult and compromise almost impossible. This makes us easy to rule. Here are a few examples. All from the Left, since they are
Logitech (LOGI) raised its 2021 annual profit outlook after operating income spiked 75% in the first quarter as stay-at-home orders tied to the coronavirus pandemic boosted demand for its computer products. Logitech’s non-GAAP operating income in the quarter ended June 30 surged to $117.3 million, up from $67 million in the year-earlier period. Q1 sales
A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images Check out the companies making headlines in midday trading. Coca-Cola — Coca-Cola gained 2.5% after the beverage giant gave an optimistic view about its future. The company said it expects
by John Ward Revealed: The US Center for Disease control has zero confidence in Covid face masks. Does this make them denialist fanatics? Radio 4 thinks it does. I’m indebted to veteran Slogger Clive for drawing my attention to a slight cock-up here on the face-mask front: as this excerpt from the CDC’s view of the
Seven-year-old Hamza Haqqani, a 2nd grade student at Al-Huda Academy, uses a computer to participate in an E-learning class with his teacher and classmates while at his home on May 01, 2020 in Bartlett, Illinois. Scott Olson | Getty Images Last year at this time, many Americans were taking summer vacations, ahead of their children’s
Photo by Flickr.com| CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The Fed is in no position to respond to the spike in inflation, Swiss hedge fund is offering clients a precious metals shield against inflation, and Michigan jeweler
Can any superlatives be added to the increasingly long list of ones already used to describe Novavax’ (NVAX) progress in 2020? Words such as stupendous, incredible, and amazing can by now hardly do justice by to the meteoric- there’s another one – rise of the vaccine specialist. The evidence: Novavax’ share price has increased by
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: IBM — IBM shares rose more than 6% in extended trading following the release of the company’s second quarter earnings. The technology company reported second quarter earnings of $2.18 per share excluding items
by Kimble Charting Is the latest ramp higher and Large-cap tech stocks have been the clear market leader, out-performing the broad market for months. In today’s chart, we look at the Nasdaq 100 to S&P 500 performance ratio in an effort to answer the question: Is the ramp higher in tech stocks and severe out-performance sustainable?