This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
If combined, AstraZeneca and Gilead Sciences would have a market capitalization of about $237 billion, exceeding Merck & Co and Pfizer worth $207 billion and $200 billion respectively.
The U.S. markets seem to be recovering these days. The Nasdaq Composite managed to reach a new record high today.
ZoomInfo Technology (ZI) shares surged around 90% on its first trade after the IPO held on Wednesday. Having closed yesterday with a 61.90% increase to trade at $34, the stock is around 6% up now.
NetEase, a Chinese gaming giant, gained at least $2.7 billion in its secondary offering in Hong Kong. NTES stock on Nasdaq is up 2.75% now.
Last month Amwell managed to raise $194 million to support the expansion of its services that are highly demanded today. Now it plans to go for an IPO later this year.
Of 20,247 new cars registered in the UK in May, 852 were Tesla Model 3. In April, Tesla Model 3 was the best-selling car in the UK as well. Following the news, Tesla (TSLA) stock is 0.84% up in the pre-market.
Though now Moderna (MRNA) stock is significantly below its ATH, Oppenheimer analyst predicts an 80% increase from the current level.
On Thursday, American Airlines (AAL) stock jumped 41% to $16.72 at the close, which is the biggest gain since 2013 when the company merged with US Airways. The jump followed the carrier’s announcement about boosting its capacity.
Facebook announced that it will not support all state-controlled media outlets in promoting their ads effective this summer ahead of the 2020 U.S. elections. FB shares are up 0.45% to trade around $227.30 in the pre-market.
The Nasdaq 100 index showed a sharp recovery after the market crash and made a new intraday record on Thursday. Analysts are turning bullish over the reopening of the economy with many saying that the worst is behind us.
AstraZeneca plans to deliver 1 billion doses of a COVID-19 vaccine to developing countries, 400 million doses can become available this year. Moreover, 400 million doses will be sent to the U.S. and the United Kingdom. AZN stock is up in the pre-market.
Tesla has major plans for expansion in China, Germany and the United Kingdom. Meanwhile TSLA stock is down today, trading at below $860.
The funds that Bill Gates-backed GAVI is going to raise are meant to assist failing healthcare systems in the world’s poorest countries.
U.S. jobless claims for the week that ended on Saturday totaled close to 1.9 million. Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, also came in higher than expected.
Morgan Stanley expects that Apple (AAPL) stock price could climb to $340 being powered by strong App store sales results. Today AAPL is at $324.94.