The potential buyer of SoftBank’s stake in T-Mobile is Deutsche Telekom AG that already has voting control of T-Mobile and is likely to buy the shares at a small discount.
Disney has announced that its Springs Resort in Florida will be partially reopened on Wednesday. As a result, DIS stock price increased by 7%.
Uber stock price rose yesterday but is slightly down in the pre-market after the rideshare company decided to shut down operations in 45 offices and cut 3,000 jobs.
FedEx and Microsoft announced a new multiyear collaboration to transform commerce by bringing together global digital and logistics networks with the intelligent cloud.
Jack Ma, China’s richest man and co-founder of Alibaba Group, is going to leave the board of SoftBank on June 25. SoftBank’s Vision Fund has announced that its losses amount to $18 billion.
The future for Zoom and airlines will be unknown as the economy can change in any direction. Today Zoom market cap is close to the market cap of 7 biggest airlines taken together.
Moderna said its experimental coronavirus vaccine demonstrated immune responses in some of the healthy volunteers who were vaccinated in a clinical study. MRNA stock is up.
Ford (F) stock price has risen by 6% today as automakers in the U.S. have started to resume operations after the coronavirus lockdown. It seems that the economy has come one step closer to the recovery.
Sorrento (SRNE) stock price continues to rise. Today it’s around 35% up in the pre-market. This occurred after the biotechnology company announced a breakthrough in its COVID-19 antibody research.
The U.S. economy is going through an unprecedented recession and a recovery will take time. However, Federal Reserve Chairman Jerome Powell is optimistic about it. Dow futures are up after his interview.
Apple plans to reopen more stores in the U.S and Canada. Customers and employees would be put under strict health checks. Today in the pre-market, AAPL stock is rising.
Novavax (NVAX) and Moderna (MRNA) stocks remain a buy amid the coronavirus economic disruption. They are 7% and 27% up in the pre-market respectively.
In the last three months, INO has pulled in more than 181% returns. For 2020, Inovio (INO) investors have seen 233.33% returns.
Ryanair (RYAAY) stock was down about 0.32% on Friday but today in the-premarket it is over 9% up. This comes as the airline industry is taking a serious hit due to the COVID-19 pandemic.
Of course, there is always risk involved in investing, regardless of which industry or what kind of company it is. In the case of coronavirus vaccine stocks, you should bear in mind that not all of the vaccine candidates will be successful.