The 750 billion euros EU recovery fund is said to include 500 billion euros in grants and 250 billion euros in loans.
According to Boeing, 737 Max planes production has begun “at a low rate”, and will gradually ramp up. Amid the news, Boeing (BA) stock has soared.
Theta Labs announced that Google Cloud is a new participant in its Enterprise Validator program. Google Cloud will now join other Enterprise validators like Binance, Blockchain Ventures, and Gumi.
Merck (MRK) stock price is up. This comes as the pharmaceutical giant is making some new moves towards winning the COVID-19 vaccine race. Merck announced its decision to buy Austrian vaccine maker Themis Bioscience.
Amazon is in talks to buy self-driving car tech company Zoox. However, it is said that Amazon is not the only potential buyer. Meanwhile, AMZN stock is slightly down.
Google is set to resume office activities starting on July 6 in a phased reopening which will see offices at only 10% capacity with plans to achieve 30% capacity by September 2020. GOOGL stock is up.
The Spanish government will approve a basic income program which will provide a guaranteed income for poorer Spaniards. The scheme’s introduction has been accelerated by the coronavirus pandemic.
Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer.
Moderna (MRNA) stock price fell yesterday. This happened as both Merck and Novavax are set to go into COVID-19 vaccine trials.
Novavax, a biotechnology company developing next-generation vaccines for serious infectious diseases, announced enrollment of the first participants in a Phase 1/2 clinical trial of its coronavirus vaccine candidate. NVAX stock is up.
Speaking of JPMorgan’s position, Dimon said the bank is “very valuable” at the current price. Despite its losses, revenues from JPMorgan’s trading division are still strong. Following his statement, JPM stock went up.
Apple (AAPL) stock fell slightly yesterday but is up now, as the company has announced its plans to reopen around 100 stores across the U.S. already this week.
For the first time since March, the S&P 500 has reached 3,000. Dow Jones has already gained around 600 points today. On the back of rising indices, stocks of biotech companies are going up.
Merck (MRK) stock price is up today as Merck announced a new partnership with the International AIDS Vaccine Initiative (IAVI) to develop a coronavirus vaccine.
Tesla (TSLA) stock is up 1.9% in the pre-market. Meanwhile, it is expected that Tesla may face serious issues related to lower demand as high-income people opt to work remotely today.