Within the partnership, Sanofi will contribute its S-protein COVID-19 antigen based on recombinant DNA technology, while GlaxoSmithKline will implement its proven pandemic adjuvant technology.
Tesla (TSLA) stock added over $80, approximately 13% to trade above $730 today. The company has sent out an appeal to its landlords to cut the monthly rent cost amid the coronavirus crisis.
Wells Fargo’s net income made up $653 million. Its diluted earnings per share (EPS) is just $0.01, while analysts predicted earnings of $0.33 per share. Wells Fargo also failed to surpass the $12.3 billion net interest income in the year-earlier period. This time, it totaled $11.3 billion.
The JPMorgan report shows that the coronavirus pandemic is a factor that is strong enough to significantly dent earnings. JPM stock is in the red now.
Shares of Johnson & Johnson (JNJ) are up 4% now after the drug and consumer products company reported first-quarter profit and sales that rose above expectations and boosted its dividend, offsetting a downbeat full-year outlook.
Inovio Pharmaceuticals alongside Moderna are edging close to providing a vaccine for the novel coronavirus. However, Inovio (INO) stock is down these days.
While the Dow Jones futures can’t be said to be in full health at the moment, it jumped 300 points today, possibly keeping faith in the market alive.
Microsoft (MSFT) shares added about 0.22% on Monday to trade above $165 and another 1.50 % today in the pre-market. Amid the ongoing coronavirus panic in the stock market, Microsoft shares remain a safe place to put your money into.
Tesla (TSLA) stock is in the green while a number of fundamental factors might be affecting its rise, including the expansion of the industry in Shanghai.
Retail customers have been buying more stocks for essential items amidst the rise in coronavirus spread as several cities have announced lockdown. Giants like Amazon are hiring more employees. AMZN stock price is rising.
Netflix (NFLX) stock jumped 7% on Monday and hit a 52-week high price of $400.51 per share. NFLX closed at $396.72 yesterday.
The broader markets continue to remain volatile with more COVID-19 cases reported in the U.S. Though the Dow Jones started the week in the red, tech companies, like Tesla, Amazon, Netflix, continue to surge further.
PayPal, Intuit and Square got approved to take part in the coronavirus relief program and offer loans to small businesses. Meanwhile, PayPal, and Square stocks closed in the green on April 13, 0.13% and 0.35% up correspondingly. Intuit shares slightly tanked.
Three of the COVID-19 vaccine developers have already entered the stage of human trials. These are CanSino, Inovio Pharmaceuticals, and Moderna. Other 67 potential COVID-19 vaccines are still in preclinical evaluation.
Tesla Model 3 cabin camera use has finally been confirmed by Elon Musk. It brings further functionality to Model 3 which is one of the most successful electric vehicle models ever. Meanwhile, TSLA stock is up in the pre-market.