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Johnson & Johnson announced on Monday it was pausing clinical trials of a COVID-19 vaccine candidate due to an unexplained illness in a study participant. The delay weighed on the company's shares, even after its beat-and-raise earnings report. Its shares lost 2.3%.
Year of the meme stock: Hertz, Kodak, Nikola top list of 2020 highlightsThe wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass the time during the pandemic, especially after cashing stimulus checks.
from Stocks-M… Read MoreAhead of DHFL voting, Oaktree attacks Piramal bidA key point that Oaktree is harping on is the structure Piramal’s have proposed in their business plan, that involves a merger between DHFL and Piramal Capital, its finance arm to swell the combined entity’s networth to more … Read MoreCredit demand fails to pick up despite aggressive rate cutsBesides 115 basis points reduction in the benchmark repo rate, the rate at which RBI lends to bank, the central bank has infused liquidity into the system through unconventional tools such as LTRO/TLTRO operations to make loa… Read MoreTrump signs pandemic aid and spending bill, averting government shutdownIt was not immediately clear why Trump changed his mind as his resistance to the massive legislative package promised a chaotic final stretch of his presidency.
from Stocks-Markets-Economic Times https://ift.tt/2KveI3x
… Read MoreFII flow, F&O expiry and auto sales data among key factors that will guide market this weekFutures and options contracts for the December series will expire on Thursday. Traders can expect volatility leading up to the day.
from Stocks-Markets-Economic Times https://ift.tt/34LoTHM
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