When the $2 billion deal with GM was announced, Nikola said it expected to close it before September 30. However, the companies have not managed to finalize the agreement.
The REGN-COV2 treatment offered to COVID-19 patients have shown good results in reducing the viral load even in patients with not so strong immune system.
JPMorgan thinks that the benchmark index is well poised for the next surge looking at the monetary support from the Fed. JPMorgan strategist asked investors to look at businesses whose stocks move in economic cycles.
The acquisition of divvyDOSE will help UnitedHealth Group to expand its footprint in the rapidly growing digital pharmacy and drug delivery market.
After the UK’s ban of Huawei equipment from its 5G network rollout, Nokia has replaced the Chinese firm on the BT 5G network project.
Virgin Galactic (SPCE) stock closed 24.83% higher on Monday and rose 1.56% in pre-market today.
Plug Power shares rose after Morgan Stanley gave the hydrogen fuel cell maker an upgrade from equal weight to overweight. Now, the investment bank’s price target for Plug shares has jumped from $10.25 to $14.
In the merger of the equals, Devon Energy and WPX Energy have joined hands to float a single entity valued at $12 billion approximately. The merger will be completed by the first quarter of 2021.
While SpaceX is ramping up plans to get the internet service up for the market, the customer interest in the service is surging with about 700,000 people currently.
Amid the coronavirus pandemic, gold prices surged significantly this year. This precious metal can be a good choice during periods of instability.
Snap stock remains highly bolstered by the acquisitions that the parent company has been making in the past years.
LVMH stated that despite the talks and negotiations the conditions necessary to close the acquisition of Tiffany had been not created.
The move by Google to enforce the use of its in-app payment system has met with resistance from developers, as well as Apple is facing backlash for introducing similar rules.
Elon Musk says that Tesla will be much more valuable in years to come despite short term challenges.
Sources familiar with the matter said that Tesla is eyeing for a 10% stake in LG Energy Solutions, which will have a separate battery division LG Chem very soon. To cut costs, Tesla is keen on working with partners who have pioneered the battery tech, instead of going indigenously.