OPKO Health’s (NASDAQ:OPK) BioReferences Laboratories released results of the coronavirus molecular PCR and antibody tests for the live-in facility and nursing home employees in New York. Around 29% of nursing home staff had COVID-19 before May On May 10, 2020, the state of New York directed all employees in adult care facilities and nursing homes […]
Christine Lawrence
Intel Corp (NASDAQ:INTC) Acquires $253.5 Million Interest in Reliance Jio Platforms
Intel Corp (NASDAQ:INTC) plans to invest $253.5 million in Indian company Reliance Jio Platforms. The company joins high profile companies such as Silver Lake, General Atlantic, and Facebook Inc. (NASDAQ:FB) investing in the telecom operator. Intel acquires 0.39% stake in Jio platforms The chipmaker is acquiring a stake of 0.39% in the Indian company taking […]
How Pot Stocks Shape Up in H2 2020 (TLRY, LHSIF, NUGS, CURLF, APHA)
The notion that cannabis producers are now moving into ascendency once again in the stock market is not necessarily original as of last month, but parsing among the potential names doesn’t necessarily follow so easily. Growth in the sector is gawdy, as a matter of macro data extrapolation on just about any timeframe lens through […]
Abbvie Inc (NYSE:ABBV) And Alpine Immune Sciences Inc. (NASDAQ:ALPN) Enter Partnership To Develop ALPN-101
Abbvie Inc (NYSE:ABBV) and Alpine Immune Sciences Inc. (NASDAQ:ALPN) have announced an exclusive global license and option agreement for Alpine’s best in class dual ICOS/CD28 costimulation antagonist, ALPN-101. AbbVie to co-develop ALPN-101 with Alpine ICOS and CD28 are important costimulatory molecules playing critical roles in inflammatory autoimmune diseases. Alpine’s ALPN-101 is a potent ICOS and […]
AT&T Inc. (NYSE:T) To Lay Off More Than 3,000 Jobs And Close 250 Stores
AT&T Inc. (NYSE:T) announced plans to cut more than 3,000 jobs and close 250 stores. Although the company is yet to confirm the exact number of jobs affected, around 3,400 jobs, clerical jobs, technician, and managerial and executive roles, will be affected. In addition to job cuts, the company will close 250 retail stores, among […]
Hertz Global Holdings Inc (NYSE:HTZ) Is Selling Its Rental Car At Bargain Prices After Filing Bankruptcy
Hertz Global Holdings Inc (NYSE:HTZ) filed for bankruptcy under Chapter 11 of the Bankruptcy Code and announced the sale of vehicles from its rental fleet at an impressively low price for buyers. The company posted thousands of its used cars for sale on its website, and the vehicles are being offloaded at heavily discounted prices. […]
KKR & Co Inc (NYSE:KKR) Channels $1.5 Billion Investment In Reliance Jio Platforms
One of the leading Indian telecom operators known as Jio Platforms has agreed to a deal to sell out about 2.32% of its stakes to KKR & Co Inc (NYSE:KKR). This business is owned by Reliance Industries belonging to billionaire Mukesh Ambani, and the deal struck happens to be the fifth one in series of […]
Why MJ Stocks are Back in Gear (GRWG, NUGS, CRLBF, MJNA)
The recent resurgence of the cannabis stock space has been a surprising development to many market participants. Sentiment on this group was already in the basement before the pandemic panic took hold of the markets and crashed the whole game. But pot stocks found support in mid-March as a group. Since then, the MJ ETF […]
Gilead Sciences, Inc (NASDAQ:GILD) Speaks Out On The Trial Of Its Remdesivir Drug
Gilead Sciences, Inc (NASDAQ:GILD) is pleased to report about the success it is witnessing with its vaccine Remdesivir. The scientists have been working on the product in the hope that it would turn out to be the vaccine that would possibly help in dealing with COVID-19. Gilead has given an update outlining that it is […]
Court In France Orders Amazon.com, Inc. (NASDAQ:AMZN) To Halt Delivery Of Products Outside Of Medicine, And Food Citing Poor Safety Conditions At Its Warehouses
A court in France has ordered Amazon.com, Inc. (NASDAQ:AMZN) to halt the delivery of all products outside medicines, food, and hygienic categories citing poor safety conditions at Amazon’s warehouses. As a result, Amazon will temporarily suspend the delivery in France for five days. The court ruling comes after the workers filed a complaint because the […]
Workers at Amazon.com, Inc (NASDAQ:AMZN) Cite Reasons For Their Strike
Workers at Amazon.com, Inc (NASDAQ:AMZN) have in the course of this changed their minds by deciding to prioritize their health. They undertake their demonstration in some fulfillment centers countrywide. They say that the continued working continues to pose an immense danger to their health and wellness in the face of the COVID-19 scourge. Poor working […]
Amazon.com, Inc. (NASDAQ:AMZN) Increases Hourly Pay By $2 In The US; Amazon To Recruit 100,000 Workers To Cope Up With Surging Orders During Coronavirus Outbreak
Amazon.com, Inc. (NASDAQ:AMZN) has increased the hourly pay for its employees temporarily. The hourly pay increase is applicable for workers at whole food grocery centers, delivery centers, and warehouses in the US through April 2020. Each employee in this category earns a minimum hourly pay of $15. Amazon will pay a similar increase to the […]
Yelp Inc (NYSE:YELP) Shares Its Pleas Against Alphabet Inc (NASDAQ:GOOGL)’s Google At A Senate Antitrust Subcommittee On Self-Preferencing by Digital Platforms
Yelp Inc (NYSE:YELP) submitted its plea against the search giant Alphabet Inc (NASDAQ:GOOGL)’s Google at Senate Antitrust Subcommittee on anti-competitive practices. The committee is formed to investigate the self preferencing by Digital Platforms. Yelp helps consumers with local search results Senior Vice President (Public Policy) of Yelp, Luther Lowe, has kept its long-standing claims against […]
Patricia Campbell-Smith Of The US Court Expects Amazon.com, Inc (NASDAQ:AMZN) To Succeed In The $10 Billion JEDI Contract
Patricia Campbell-Smith, a Federal Claims Judge at the US Court, said Amazon.com, Inc (NASDAQ:AMZN) is likely to win its case against the decision of the US Department of Defense (DOD) in awarding a prestigious $10 billion Cloud Computing JEDI contract to Microsoft Corporation (NASDAQ:MSFT). Issues an order to halt the work on the JEDI contract […]
Gilead Sciences Inc. (NASDAQ:GILD) Commences Two Phase 3 Clinical Trials of Remdesivir For COVID-19 Treatment
Gilead Sciences Inc. (NASDAQ:GILD) has announced that it is expanding clinical trials for its antiviral drug remdesivir as a potential treatment of COVID-19 in countries outside China. Gilead to expand clinical trials of remdsivir to other countries outside china The company now expects to begin two new remdesivir clinical trials in March across Asia and […]
