Take a look at some of the biggest movers in the premarket: Merck (MRK) – Merck is buying privately-held drug maker OncoImmune for $425 million cash. OncoImmune is a developer of drugs designed to treat Covid-19, cancer and other diseases, and its vaccine candidate has shown promising results in a late-stage study. Merck shares added
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US President Donald Trump (L) speaks with Governor Chris Christie (R-NJ) after he delivered remarks on combatting drug demand and the opioid crisis on October 26, 2017 in the East Room of the White House in Washington, DC. Jim Watson | AFP | Getty Images WASHINGTON — President Donald Trump’s confidant former New Jersey Gov. Chris
View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to President Donald Trump when he
President Donald Trump waves as he plays golf at Trump National Golf Club in Sterling, Va., Saturday, Nov. 21, 2020. Manuel Balce Ceneta | AP Photo President Donald Trump on Saturday did not participate in a virtual G-20 session on global response efforts to the coronavirus and improved pandemic preparedness, even as Covid-19 cases surge
The Dean of Brown University’s School of Public Health, Dr. Ashish Jha, warned that the United States could “see another 100,000 deaths by Inauguration Day” as the coronavirus death rate climbs and public health professionals raise the alarm. “Once we get into the spring we easily could be at 450,000 or even 500,000 deaths,” Jha
E-commerce marketplace Wish filed its IPO prospectus Friday, and gave investors who may be concerned about an overreliance on China plenty of reasons to be skeptical. Wish, founded in 2010, is an online marketplace that features a variety of discounted goods, ranging from cheap homewares and apparel to electronics and toys. The app offers a
Technology stocks could see yet another leg higher in 2020, according to WallachBeth Capital managing director Andrew McOrmond. McOrmond said what has already been a banner year for the tech trade could finish strong as the market weighs whether to price in another wave of Covid-19 restrictions or look ahead to a 2021 recovery. “We’re
A lab technicians shows the coronavirus disease (COVID-19) treatment drug “Remdesivir”. Amr Abdallah Dalsh | Reuters A World Health Organization panel advised doctors Thursday against using Gilead Sciences‘ antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, saying there is currently “no evidence” that it improves survival or shortens recovery time — standing
U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, while the yield on the 30-year Treasury bond fell
A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. 14, baristas, shift supervisors and
Pfizer and BioNTech said Wednesday that a final data analysis found their coronavirus vaccine was 95% effective in preventing Covid-19 and, in addition, appeared to fend off severe disease. The vaccine, called BNT162b2, was highly effective against the virus 28 days after the first dose, and its effectiveness was consistent across all ages, races and
Jack Dorsey, Chief Executive Officer of Twitter, testifies remotely as Sen. John Kennedy, R-La., looks on during the Senate Judiciary Committee hearing on “Breaking the News: Censorship, Suppression, and the 2020 Election”, in Washington, U.S., November 17, 2020. Bill Clark | Reuters Mark Zuckerberg and Jack Dorsey wrapped up their second Senate testimony in a
With Amazon Pharmacy, Prime customers in the United States can get their prescription medications shipped to their home for free. Amazon Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. Amazon
Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images With the coronavirus pandemic hurting travel companies earlier this year, Airbnb got an
Ugur Sahin, CEO of BioNTech. Andreas Arnold | picture alliance | Getty Images LONDON — Daily life may return to normal by next winter, according to one of the creators of the highly-anticipated prospective coronavirus vaccine by Pfizer and BioNTech. Professor Ugur Sahin, co-founder and chief executive of BioNTech, also suggested the vaccine could halve
President-elect Joe Biden discusses protecting the Affordable Care Act (ACA) and his health care plans during a news conference in Wilmington, Delaware, November 10, 2020. Jonathan Ernst | Reuters President-elect Joe Biden’s coronavirus advisors will meet with the leading drug companies developing coronavirus vaccines this week, Ron Klain, Biden’s newly selected chief of staff, said
Ant’s in the hole. The suspension of Ant Group’s much-anticipated initial public offering — rumored to be the biggest of all time — came as a surprise to global investors earlier this month, but there’s more to the story than meets the eye, Brendan Ahern, chief investment officer of KraneShares, told CNBC”s “ETF Edge” on
Christopher Miller, director of the National Counterterrorism Center, testifies during a Senate Homeland Security and Governmental Affairs Committee hearing on “Threats to the Homeland” on Capitol Hill in Washington, September 24, 2020. Tom Williams via Reuters WASHINGTON — In his first message to U.S. military forces, acting Pentagon chief Chris Miller said he was “weary of war”