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
Text size Dreamstime Zillow Group was sliding more than 6% in premarket trading Monday after saying it will halt home purchases for the rest of the year. Zillow (ticker: Z) told Bloomberg in an email that it was “beyond operational capacity in our Zillow Offers business and are not taking on additional contracts to purchase homes at … Read more
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
The business card, tossed with expert precision from a motorcycle as it sped away, landed at Park Chui-woo’s feet just as he was nearing the end of his wits. The brightly colored card advertised quick low-interest loans, especially to small business owners. Maxed out on all other lines of credit and with payday looming for … Read more
Stocks in the cannabis sector have seen better days, which for many investors means it’s a good time to buy stocks at a discount. However, “there have been moments where cheaper prices aren’t necessarily better opportunities,” says Tim Seymour, portfolio manager at the Amplify Seymour Cannabis ETF (NYSE: CNBS). Leading a live discussion at the … Read more
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
(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
(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
Mortgage rates top 3% again — and this time they’re not likely to go back down Mortgage rates, which recently dipped below 3% again — delighting home shoppers and homeowners looking to save on a refinance — have surged back above that line, according to a long-running and closely followed survey. The increase is meaningful, … Read more
