With Europe suffering through an extreme surge of coronavirus cases, the European Union has entered into negotiations with Pfizer Inc. and BioNTech to purchase an additional 100 million doses of the companies’ vaccines, with an option to acquire an additional 200 million doses if desired.
This is on top of...
With Moderna (MRNA) stocks skyrocketing following the successful rollout of the company's COVID-19 vaccine, co-founder and chairman Noubar Afeyan has decided to sell a large portion of his shares totaling a value of approximately $1.4 billion.
From February 22nd through February 24th, Afeyan sold 6.5 million Moderna shares for a...
Banking giant Citigroup will undergo some major changes in an attempt to boost its underperforming stock. Speaking with investors on Wednesday, Citigroup CEO Jane Fraser announced upcoming management restructuring and job cuts.
The management restructure will end the current business split of consumer and institutional divisions. Moving forward, Citigroup will...
With lawmakers currently in the process of debating whether or not to pass a stimulus package later this week, the direction that stocks on the NYSE are set to take remains uncertain.
The three major indices each incurred their fairly balanced share of gains and losses on Wednesday, with several...
With Reliance Industries Ltd. set to finalize its strategic alliance with Saudi Aramco later this year, the Indian conglomerate decided to appoint Aramco chairman Yasir Al-Rumayyan to its board. Al-Rumayyan, who also serves as the governor of the kingdom’s sovereign wealth fund, will operate as the independent director of Reliance....
With Moderna’s coronavirus vaccine candidate achieving an effectiveness rate of over 94% during the latest clinical trials, the biotech company completed a deal with the European Commission for the supply of at least 80 million doses of its vaccine, with the volume potentially amounting to 160 million depending on...
The price of oil rose yet again on Wednesday, consequently resulting in the commodity extending its longest streak of gains in the last two years. This price hike is the result of falling U.S. crude stockpiles which are contributing to the shortage of global supply.
The rise in the value...
The Turkish lira bounced back on Tuesday after losing around 60 percent of its value against the U.S. dollar and hitting historic lows earlier this month. The recovery of the currency began shortly after Turkey's President Recep Tayyip Erdogan announced plans to protect deposits in the lira against future...
While Moderna continues to wait for the European Commission’s decision on whether or not to approve the use of its vaccine within European Union member states, the biotech firm received a monumental boost as the European Medicines Agency (EMA) recommended that Moderna’s vaccine be authorized for use.
EMA executive director...
Chipotle surpassed Wall Street's expectations when they posted their first-quarter earnings of 2021. Apparently, their knight in shining armor was their digital sales, which more than doubled during the pandemic.
Due to hordes of people being forced to stay at home, Chipotle could've crumbled in the wake of these changes....