With Moderna expected to soon file its COVID-19 vaccine for emergency use in the United States, the biotech company decided to sell $1.74 million worth of new shares. The Cambridge, Massachusetts-based company will be the second firm to file for emergency use of its vaccine, the first being Pfizer...
Online food delivery company Deliveroo reported that its orders surged by 88% during the June quarter, thereby exceeding all previous forecasts for its annual profit margins. Since making its London Stock Exchange debut in March, Deliveroo is expecting to reach an annual gross transaction value (value paid by customers...
While investors expected Netflix to flourish at a time when worldwide communities were confined to their homes, the company reported that it received a decelerating number of new subscribers over the course of 2020.
In the first quarter of 2020, the company managed to meet investors’ expectations, enjoying a surge...
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...
In an effort to overcome the island's bankruptcy over the last four years, Puerto Rico reached a tentative deal with multiple bondholder groups to reduce the debts owed by the central government.
The new agreement would take into consideration the substantial damage that the island's economy incurred since the start...
The Dow Jones, S&P 500, and Nasdaq indexes all enjoyed reaching record highs in the past week, with market activities being heavily influenced by news regarding the race to develop a COVID-19 vaccine.
Pfizer (PFE) and BioNTech (BNTX), who are at the forefront of the development of the first effective...
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...