After raising over $180 million in its latest round of fundraising, UK-based food delivery company Deliveroo is valued at over $7 billion, according to a company statement.
With financial backers such as Amazon.com Inc., Deliveroo has received a valuation in line with blue-chip companies such as grocery chain J Sainsbury...
Johnson & Johnson stocks slid by 0.2% during afternoon trading on Wednesday after reports of its coronavirus vaccine candidate falling two months behind schedule.
While the pharmaceutical company had initially planned to have 12 million doses of its vaccine ready for distribution by the end of February, several delays have...
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...
Electric vehicle battery manufacturer QuantumScape endured a difficult start to trading in 2021, with its stock falling by an astronomical 41% on January 4th. Several reasons have been given for this steep decline, ranging from the company’s filing known as a Resale S-1 form on December 31st to the...
Following reports of the New York Stock Exchange deciding to remove the three largest Chinese telecom companies, Chinese oil companies look to be the next in line to be delisted. The company that’s most in the hot seat is CNOOC Ltd—and they also happen to be the biggest offshore...
With traders expressing optimism as impending government aid is expected to fuel economic growth, U.S. stocks have been edging ever closer to record high figures. This positive reaction has offset the initial uncertainty surrounding the speed with which vaccines can be expected to be distributed.
The S&P 500 index is...
Wednesday’s bidding on the 5G wireless spectrum became the telecom industry’s most expensive auction ever, with nearly $70 billion being spent as leading telecom companies compete for airspace on the new network.
Analysts predict that AT&T, Charter Communications, Comcast, T-Mobile US, and Verizon Communications are among the leading bidders. While...
The major US stock indexes finished higher at a premature close on Thursday prior to the Christmas weekend. While the S&P finished the week slightly lower, The Dow Jones managed a slight gain while Nasdaq made a significant stride.
Many investors had high hopes due to the possibility of a...
Biotech company Moderna experienced a 15% drop in the last three days, its lowest value for the month of December. Since posting its all-time high stock price on December 1st, Moderna shares have declined by a margin of 30%.
This decline looks to be the result of sales spurred by...
Food delivery company DoorDash debuted on the NYSE last week and unfortunately suffered a rough decline right afterward. This wasn’t helped by Citron Research, who referred to their initial public offering as the “most ridiculous” one that year. Citron also believed that they had immensely overvalued themselves.
According to Citron,...