Pennsylvania-based Inovio Pharmaceuticals Inc experienced a rise in share price following the company’s latest breakthrough regarding the development of its COVID-19 vaccine candidate. As phase 1 test data showed, Inovio’s vaccine candidate, known as INO-4800, has been shown to be immunogenic in all test subjects. There was also no trace...
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....
Insider sources have revealed that Wells Fargo & Co. has frozen its plans to provide top earners with raises due to the bank’s new leadership team’s focus on limiting costs. This decision will result in a halt to increases in the base pay for employees earning over $150,000 per...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision." "If...
The government of Peru has agreed to purchase an initial batch of one million COVID-19 vaccines from Chinese pharmaceutical company Sinopharm for a sum of $26 million. This is the first part of a deal to buy 38 million doses from the Chinese company. While the nation’s vaccine program has...
After becoming the first African country to begin a national vaccination campaign two weeks ago, Morocco is expected to receive an order of 4 million doses of the AstraZeneca vaccine on Thursday. The doses that are expected to arrive were manufactured by the Serum Institute of India. According to health...
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...
With the company determined to meet its COVID-19 vaccine delivery targets, pharmaceutical giant Johnson & Johnson has revealed that it is expected to report some much-anticipated data on its vaccine early next week. Eager to fulfill the obligations of its already-signed agreements, Johnson & Johnson's shares rose by around 3.4%...
As a result of a heavily failing economy, the Venezuelan government has decided to move to a fully digitized economy. With U.S. sanctions and collapsing oil revenues plaguing the country, hyperinflation has practically made the bolivar banknotes worthless. What’s more, the U.S. dollar is being used on an increasing...