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As the new administration implements the federal initiatives, it will also emphasize the safe reopening of schools and businesses, the plan says.
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ECB President Christine Lagarde sounded a cautiously optimistic note on Europe's economic recovery despite a wave of Covid-19 infections that has closed shops, schools and businesses across the region.
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Stocks tick higher as Biden executive orders roll in Fox BusinessWall Street hits record after President Joe Biden takes office | NASDAQ | Sensex above 50000 | WION WIONWall Street hits records as hopes build for more stimulus WesternSlopeNowDow, S&P, Nasdaq close at records as Biden sworn in as 46th U.S. President Fox BusinessAsian stocks set for strong start after day of gains on Wall Street Reuters
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 Shares of Vinco Ventures Inc. are Thursday's highest fliers, soaring nearly fivefold on heavy volume after the mergers and acquisition company, focused on digital media and consumer brands, announced a merger deal with ZASH Global Media and Entertainment Corp. Vinco's stock, up 388.3% in morning trading, was the biggest gainer trading on major U.S. exchanges, and was on track for the highest close since July 2018. Trading volume exploded to 59.9 million shares, compared with the full-day average over the past 30 days of about 214,000 shares. ZASH aims to build a "virtual Hollywood," by providing its content partners with analytics and distribution technology to "ensure that consumer eyes are on their content at the right time in the right place." ZASH boasts that co-Founder Ted Farnsworth is the former chairman of MoviePass, while co-Founder Jaeson Ma was an early investor in Musical.ly (Tik Tok) and Triller video-sharing platforms. "The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs," said Vinco Chief Strategy Officer Brian McFadden. Prior to Thursday's rocket ride, Vinco's stock had tumbled 35.6% over the past 12 months, while the S&P 500 had gained 15.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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