After a 17% surge on Tuesday that resulted in a two-month high, hydrogen vehicle manufacturer Nikola suffered a 15% decrease in stock prices as markets came to a close. The Phoenix-based firm enjoyed a significant rise over the past few weeks in line with the electric vehicle market.
Nikola’s late...
The Labor Department Friday released its October jobs report, which showed a significant rise in job creation as well as a slumping unemployment rate. With COVID-19 infections slowing down and steady economic recovery, over 531,000 new non-farm jobs were created in the past month; a significant rise from the...
The Serum Institute of India (SII), India’s local manufacturer of the AstraZeneca/Oxford coronavirus vaccine, announced on Sunday that it would like to focus its efforts on providing vaccines to the Indian population over the next two months before expanding the vaccine distribution to other interested countries.
During an interview, SII...
The U.S. Department of Labor released its weekly new jobless claims report on Thursday, with new jobless claims reaching 744,000 for the week ending April 3rd. Despite signs of increased rehiring and economic recovery, jobless claims have continued to rise since late March.
This result comes as a major surprise...
Moderna Inc. (MRNA) shares seem to be taking an upward turn on the NASDAQ stock market index, following the company’s decision to commit to a timeline for the completion of its coronavirus vaccine. The biotechnology company also submitted an application to the United States Government for emergency use authorization.
This...
Pakistani health minister Faisal Sultan announced on Tuesday that the country has concluded an agreement with Pfizer to secure 13 million units of the pharmaceutical company's COVID-19 vaccines. While the vaccines are expected to arrive before the end of 2021, there is no exact timeline for the rollout of...
While U.S. crude supplies have experienced a steady decline in recent times, oil has managed to retain its eight-month market highs. While an Energy Information Administration report showed a 754,000 decline in crude barrels last week, oil futures rose by 1.8% on the New York Stock Exchange.
These enduring highs...
With the European Union desperate to speed up vaccinations across the continent in an effort to combat the coronavirus pandemic, Germany is considering backing local vaccine producer IDT Biologika by expediting approval for its vaccine production. The manufacturer, based Dessau-Rosslau in eastern Germany, is looking to produce the Russian...