Valneva shares spike after saying vaccine candidate outperformed AstraZeneca’s

Valneva shares spike after saying vaccine candidate outperformed AstraZeneca's

Valneva’s wild stock-price rise continued on Monday after the French biotech said its coronavirus vaccine candidate outperformed AstraZeneca’s in a trial. Valneva VLA, +44.00% VALN, +3.51% shares rose as much as 42% after it said a Phase 3 trial showed its vaccine candidate, VLA2001, outperformed AstraZeneca’s AZN, -0.97% in a trial of 4,012 people, with … Read more

Why stocks are suddenly back in rally mode: Morning Brief

Why stocks are suddenly back in rally mode: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, October 19, 2021 Trash. That’s my word of the morning for you all.  My golf game was in trash-like form on Sunday afternoon while catching a quick 18 … Read more

Hertz Files for Stock Offering

Hertz Files for Stock Offering

Text size (Photo by Scott Olson/Getty Images) Getty Images Hertz Global Holdings (ticker HTZZ) filed for an equity offering in what the rental car company has called its “Re-IPO” as the company seeks to raise its profile with investors following its emergence from bankruptcy protection on June 30. In a sign of Hertz’s financial strength, … Read more

Richest Families in Southeast Asia Scout for the Next Unicorn

Richest Families in Southeast Asia Scout for the Next Unicorn

(Bloomberg) — Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Most Read from Bloomberg Holding companies, family investing arms and other vehicles of moguls … Read more

Apple’s iPhone Partner Foxconn Unveils First Electric Vehicles

Apple’s iPhone Partner Foxconn Unveils First Electric Vehicles

(Bloomberg) — Foxconn Technology Group unveiled its first electric vehicles, a milestone that could boost the Taiwanese electronics manufacturer’s credentials as a serious bidder for Apple Inc.’s secretive automotive project. Most Read from Bloomberg The SUV and sedan models introduced on Monday are concept vehicles that the manufacturer plans to build for automotive customers rather … Read more