Virgin Galactic chairman Chamath Palihapitiya raised $720 million for a new blank-check firm. It is 20% more than it was expected earlier.
Tesla (TSLA) stock price fell drastically yesterday following the oil prices. Some experts think this may be the beginning of the end for the automaker. However, today TSLA is in the green.
Roche sales in Q1 rose 7% to 15.1 billion Swiss francs ($15.57 billion), with drugs business revenue up 7% and diagnostics rising 5% at constant exchange rates. Roche (RO) stock is in the green.
Activist investor ValueAct Capital Partners believes that Nintendo could become a digital entertainment giant and has managed to take a stake of over $1B in the company.
Pinduoduo (PDD) stock rose by 1.66% to trade slightly above $50 on April 21. The U.S.-listed Chinese company is becoming a fast-growing rival to Alibaba and JD in China.
United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.
Snap (SNAP) stock jumped over 20%, from trading at $12.44 to $15. The surge is attributed to a strong growth of revenue and daily users recorded in the first quarter.
iPhone shipments are going to drop by 20-25% this year despite the launch of a new budget iPhone SE. Such a situation could change the way Apple is doing business. AAPL stock price lost 3% yesterday.
During the Q1 2020 fiscal quarter, Netflix has added as much as 15.77 million paid subscribers globally. This is nearly twice more than 8.2 million net paid subscribers expected. Yesterday, NFLX was slightly down.
Apple is expanding its services like App Store, Apple Podcast, iCloud, Apple Music to the additional markets in Africa, Europe, Asia Pacific. However, AAPL stock is in the red today.
Despite the current tough circumstances, Spotify is continuing its investment in the podcast streaming business. The company has launched 17 new editorial podcast playlists. SPOT stock is down today.
After closing yesterday at $746.36 with a 1% drop, Tesla (TSLA) stock is down around 6% now. It is predicted that Tesla stock price would hit $2,000 in 2019.
Novavax (NVAX) stock climbed 25% yesterday, adding to its current 2020 gains, as the company makes progress on its COVID-19 vaccine candidate. However, today NVAX is 14% down.
As of the market closed on Monday, shares of Inovio Pharmaceuticals (INO) were up by 9.6%, while Moderna (MRNA) rose 10.3%. Novavax (NVAX) blasted higher by 24.7%, and VBI Vaccines (VBIV) posted a comparable 24.2% gain.