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Chains are collecting data from millions of customers as they sign up for shots, enrolling them in patient systems and having recipients register customer profiles.
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 Macy's Inc. said Tuesday it is planning to issue $500 million of 8-year bonds, joining the many companies raising capital during the pandemic. The proceeds will be used together with cash on hand to fund a tender offer and for general corporate purposes, which may include repaying debt. Companies have been raising capital at record levels in recent months. On Monday, roughly a dozen companies, including beauty and fragrance giant Estée Lauder Cos. and Keurig Dr Pepper Inc. , announced bond deals, as Treasury yields took a breather from their recent sharp rise. Macy's shares were up 0.7% premarket and have gained 18% in the last 12 months, while the S&P 500 has gained 26%.
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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Oscar Health Inc. disclosed Tuesday that the expected pricing of its initial public offering has increased, to boost what the digital health-insurance company was expected to raise by up to $124 million. The company is still offering 31.0 million shares in the IPO, but the IPO is now expected to price between $36 and $38 a share to raise $1.18 billion, up from previous expectations of between $32 and $34 a share to raise $1.05 billion. The number of shares outstanding expected after the IPO also increased, to 197.08 million from 197.04 million, which increases the expected market value of the company to $7.49 billion from $6.70 billion. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 11.2% over the past three months while the S&P 500 has gained 6.4%.
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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Sen. Elizabeth Warren, Sen. Bernie Sanders and a slew of other Democrats proposed a 2% tax on wealth above $50 million and a 3% tax on wealth over $1 billion.
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