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MarketWatch MarketPulseJul 07, 2020
Regeneron's stock gains on $450 million manufacturing deal with U.S. for experimental COVID-19 treatment
Shares of Regeneron Pharmaceuticals Inc. gained 0.9% in premarket trading on Tuesday after the drugmaker said it received $450 million from the federal government to manufacture and supply its still investigational COVID-19 treatment. The agreement is with the Biomedical Advanced Research and Development Authority and the Department of Defense. Regeneron said Monday that the antibody cocktail candidate is being testing in two Phase 2/3 clinical studies as a treatment for COVID-19; the therapy is also in a Phase 3 trial evaluating whether or not it can prevent someone who has been exposed by a close contact from getting infected with the virus. The company said that if the Food and Drug Administration grants the experimental therapy an emergency use authorization or an approval, "the government has committed to making doses from these lots available to the American people at no cost and would be responsible for their distribution." Regeneron's stock has soared 67.0% since the start of the year, compared with the S&P 500 , which is down 1.5%.

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.



RELATED ARTICLES
Regeneron signs $450 million contract with U.S. government for COVID-19 therapy (Yahoo Business)

MarketWatch MarketPulseJul 07, 2020
Coronavirus tally: Global cases of COVID-19 hit 11.64 million; U.S. leads with 2.94 million as cases climb in 40 states
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 11.64 million on Tuesday, according to data aggregated by Johns Hopkins University, with the U.S. leading the way by far with 2.94 million cases. The number of deaths grew to 538,539, while the number of people who have recovered reached 6.3 million. The U.S. death toll is 130,306, while 924,108 have recovered. Within the U.S., infections have climbed in 40 states and regions over the past 14 days, according to a New York Times tracker, with U.S. Virgin Islands, Idaho and Florida leading the way. Internationally, Brazil is second to the U.S. with 1.62 million cases and 65,487 deaths. India is third measured by cases at 719,664, followed by Russia with 693,215 and Peru with 305,703. The U.K. has 44,321 fatalities, the highest in Europe and third highest in the world. China, where the illness was first reported late last year, has 84,889 cases and 4,641 fatalities.

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.



MarketWatchJul 07, 2020
Metals Stocks: Gold prices retreat as U.S. dollar firms
Gold futures retreated on Tuesday from the highest close in about a week, as the precious metal followed a bounce in the U.S. dollar which can weigh on commodities priced in the currency.

FT.com - USJul 07, 2020
China stocks extend rally as traders brush off virus concerns
Country's buoyant market supported by influential state media talking up its prospects

RELATED ARTICLES
All Eyes on China's Unstoppable Stocks After $460 Billion Rally (Yahoo Business)

CNBC BusinessJul 07, 2020
5 things to know before the stock market opens Tuesday
Dow futures drop Tuesday, with high-flying tech stocks pausing and so-called reopening stocks declining.

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Stocks making the biggest moves in the premarket: Novavax, Regeneron, Square, Nvidia & more - CNBC (Google Business News)

MarketWatch MarketPulseJul 07, 2020
Mesa Air June block hours fall 75.8% as schedules reduced in coronavirus pandemic
Mesa Air Group Inc. said Tuesday that block hours, a measure of aircraft utilization, fell 75.8% in June because of reduced schedules during the coronavirus pandemic. Block hours are counted from the moment an aircraft door closes at departure until the moment the aircraft door opens at the arrival gate on landing. The Phoenix, Az.-based regional airline has partnerships with American Airlines and United Airlines. It said block hours for American Airlines fell 81.9% in June, while hours for United fell 71.2%. Departures for both airlines were down 75.8%. Shares were not yet active premarket, but have fallen 62% in the year to date, while the US Global JETS ETF has fallen 46% and the S&P 500 has fallen 1.6%.

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.



MarketWatch Breaking NewsJul 07, 2020
European stocks, Dow futures reverse part of Monday's gains
European stocks, Dow futures reverse part of Monday's gains

MarketWatch MarketPulseJul 07, 2020
Atlanta Fed president sees signs that economic recovery is stalling
Atlanta Fed President Raphael Bostic said in an interview the U.S. economy was levelling off. "There are a couple of things that we are seeing and some of them are troubling and might suggest that the trajectory of this recovery is going to be a bit bumpier than it might otherwise," Bostic said to the Financial Times. He said the regional central bank was trying to figure out "whether this levelling off is something that is a more sustained pattern, or just a pause."

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.



Yahoo BusinessJul 07, 2020
Why stocks don't seem worried about the surge in COVID cases: Morning Brief
Top news and what to watch in the markets on Tuesday, July 7, 2020.


MarketWatchJul 06, 2020
Asia Markets: Chinese stocks continue to surge, as Asian markets await word on Australian interest rates
Asian markets were mixed in early trading Tuesday, as investors awaited an interest-rate announcement by Australia's central bank.

MarketWatchJul 06, 2020
Market Snapshot: Dow surges 459 points, Nasdaq clinches fresh record close, despite concerns of economic toll of unfettered U.S. virus cases
U.S. stocks on Monday finished sharply higher to kick off the first full week in July, as Wall Street followed European and Chinese equities higher, even though the U.S. showed little sign of controlling new coronavirus infections.
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