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Chicago Tribune Business NewsAug 12, 2020
State releases $46 million from federal relief act to more than 2,600 small businesses hit by pandemic
From taco shops to CrossFit gyms, day spas to pest control providers, the state of Illinois on Wednesday released $46 million in grant funding to a range of small businesses across the state that have seen their operations interrupted during the coronavirus pandemic.

Google Business NewsAug 12, 2020
Funding For Postal Service, Mail-In Voting Stall Coronavirus Relief Talks - NPR
Funding For Postal Service, Mail-In Voting Stall Coronavirus Relief Talks  NPRFinancial disclosures reveal postmaster general's business entanglements and likely conflicts of interest, experts say  CNNU.S. Postal Service shakeup sparks election fears  ReutersU.S. Postal Service remains committed to fulfilling our role in the electoral process  USA TODAYTrump's Attack on the Postal Service Is a Threat to Democracy—and to Rural America  The New Yorker

MarketWatch MarketPulseAug 12, 2020
Biotech Inhibrx to offer 6 million shares in planned IPO, priced at $16 to $18 each
Biotech Inhibrx set terms for its initial public offering on Wednesday with plans to offer 6 million shares priced at $16 to $18 each. The company has applied to list on Nasdaq under the ticker "INBX." Jefferies, Evercore ISI, Credit Suisse and LifeSci Capital are underwriting the deal. Proceeds will be used to fund clinical research, for R&D and general corporate purposes. "We are a clinical-stage biotechnology company with a pipeline of novel biologic therapeutic candidates, developed using our protein engineering expertise and proprietary single domain antibody, or sdAb, platform," the company says in its prospectus.

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.



Washington Post BusinessAug 12, 2020
Trump says Postal Service needs money for mail-in voting, but he'll keep blocking funding
Congressional Democrats urged the USPS not to abandon long-standing practices for election mail processing to ensure the timely delivery of ballots.

Forbes HeadlinesAug 12, 2020
Supplemental Unemployment Benefits: How Much Can You Actually Expect And When?
President Donald Trump signed an executive memo extending supplemental unemployment benefits at $400 a week. But state funding, as well as legal and logistical challenges, may impede implementation.

Yahoo BusinessAug 12, 2020
Why Nio Has A Shot At Becoming The 'Tesla Of China'
Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) reported Tuesday with forecast-beating second-quarter results and issued a strong third-quarter outlook. The Nio Analysts: Piper Sandler analyst Alexander Potter reiterated a Neutral rating on Nio and increased the price target from $4 to $14.BofA Securities analyst Ming Hsun Lee reiterated a Buy rating and increased the price target from $17.40 to $18.Why Nio Shares Could Trade In Line With EV Peers: Nio's narrower-than-expected second-quarter loss is due to a higher gross margin, with the vehicle margin coming in at a historical high of 9.7% and several basis points higher than the 5% guidance, Potter said in a note.More importantly, the company guided to continued gross margin expansion in the third and fourth quarters thanks to lower battery costs, the analyst said.From skepticism concerning the company's ability to remain a going concern, Nio has come a long way from skepticism over whether it could stay in business, he said. The automaker boasts unique products and has a reliance on subsidies, which are two prerequisites for success, Potter said.With Nio raising capital in two funding rounds, including a secondary offering in June, there are no longer fears that the company may go out of business, the analyst said. The stock will therefore trade more in-line with peers, and not at a substantial discount to them, he said. View more earnings on NIOThe company will slowly reduce its reliance on partners for core capabilities such as self-driving systems, batteries a
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