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FT.com - USJul 15, 2020
Coronavirus latest: Vaccine hopes intensify as resurgence in cases fans out across globe
Electric carmaker has added 1.2 Toyotas, or 27.5 Renaults, in market cap this year

MarketWatchJul 15, 2020
Bond Report: Treasury yields climb, following stock-market's cue on vaccine optimism
U.S. Treasury yields rose Wednesday as equities markets rallied on reports of progress on a coronvirus vaccine from two pharmaceutical companies that raise the chances of an economic recovery from the pandemic.

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MarketWatch Breaking NewsJul 15, 2020
Goldman Sachs set to power 60 points' worth of Dow rally after earnings report
Goldman Sachs set to power 60 points' worth of Dow rally after earnings report

RELATED ARTICLES
Market Snapshot: Dow futures up nearly 500 points as vaccine hopes rise and investors cheer earnings (MarketWatch)

Yahoo BusinessJul 15, 2020
Moderna Soars 16% As Covid-19 Vaccine Shows Strong Immune Response
Moderna (MRNA) soared a further 16% in Tuesday's after-market trading after the biotech announced the publication of an interim analysis of the open-label Phase 1 study of mRNA-1273, its vaccine candidate against COVID-19.Results reaffirmed positive interim data assessment announced on May 18, said Moderna, and show mRNA-1273 induced rapid and strong immune responses against SARS-CoV-2. Neutralizing antibodies were observed in 100% of evaluated participants at the 100 µg dose level selected for the upcoming Phase 3 trial.Published in The New England Journal of Medicine, the interim analysis evaluated a two-dose vaccination schedule of mRNA-1273 given 28 days apart across three dose levels (25, 100, 250 µg) in 45 healthy adult participants ages 18-55 years, and reported results through Day 57.The study was led by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH)."These Phase 1 data demonstrate that vaccination with mRNA-1273 elicits a robust immune response across all dose levels and clearly support the choice of 100 µg in a prime and boost regimen as the optimal dose for the Phase 3 study," said Tal Zaks CMO of Moderna. "We look forward to beginning our Phase 3 study of mRNA-1273 this month to demonstrate our vaccine's ability to significantly reduce the risk of COVID-19 disease."Encouragingly, mRNA-1273 was generally safe and well-tolerated, with no serious adverse events reported through Day 57. Adverse events (AEs) were generally tra

MarketWatch MarketPulseJul 15, 2020
Chipotle adding 10,000 jobs to handle surge in digital business
Chipotle Mexican Grill Inc. said Wednesday that it plans to add a total of 10,000 new hires, with 8,000 positions filled since hiring began in May. During the coronavirus pandemic, Chipotle has seen its digital orders grow 80% year-over-year, with digital becoming an increasingly significant part of the fast-casual chain's business. New hires will help the company manage business growth. Chipotle also continues to add Chipotlanes, drive-thru order pickup lanes, to restaurants across the country, with the 100th Chipotlane launching in Ohio. Chipotle shares have rallied 31.8% for the year to date while the S&P 500 index is down 1% for the period.

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 MarketPulseJul 15, 2020
Hanesbrands upgraded on sales at major retailers like Walmart and potential market share gains from Victoria's Secret store closures
Hanesbrands Inc. shares rose 5.6% in Wednesday premarket trading after it was upgraded to strong buy from market perform at Raymond James based on its distribution at major retailers and the potential market share gains from Victoria's Secret store closures. Raymond James has a $20 price target on Hanesbrands. Analysts list a number of company advantages, including its strong brands, which include Hanes and Playtex, and the scale of the business. Hanesbrands also rings up 25% of its sales at Walmart Inc. and Target Corp. . "[B]oth are trading near all time high valuation levels which indicates that the market believes they are retail winners and that likely implies their largest vendor partners should also be winners," Raymond James said. Walmart closed Tuesday at $132.01, up 11.1% for the year to date, while Target closed at $120.08, down 6.3% for 2020 so far. L Brands Inc. , Victoria's Secret's parent company, announced earlier this year that 250 of those stores will close across the U.S. and Canada. Raymond James thinks this will benefit Hanesbrands and its portfolio of intimates brands. And Hanesbrands' Champion label, which had been sold at Target, has a deal with Amazon.com Inc. . Analysts says sales could ramp up as online shopping soars during the coronavirus pandemic. Hanesbrands stock is down 15.5% for the year to date while the S&P 500 index has slipped 1% for the period.

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 15, 2020
Apple wins EU court battle over unpaid Irish tax bill of $15 billion
Technology giant Apple has won its court battle with the European Union over a disputed $15 billion tax bill.

MarketWatchJul 15, 2020
Economic Report: July Empire State index in positive territory for first time since pandemic began
Business activity in New York State increased in July, the first pickup since the pandemic began, according to the New York Fed's Empire State Manufacturing Survey released Wednesday.

Google Business NewsJul 15, 2020
Dow futures up nearly 500 points as vaccine hopes rise and investors cheer earnings - MarketWatch
Dow futures up nearly 500 points as vaccine hopes rise and investors cheer earnings  MarketWatch

MarketWatchJul 15, 2020
Economic Report: U.K. consumer prices edge up in June to the second-slowest growth in four years
Consumer prices in the U.K. edged up in June though they were the second-lowest in nearly four years and the first growth since January.

Yahoo BusinessJul 15, 2020
Stock market news live updates: Stock futures jump after new Moderna data stokes vaccine optimism
Stock futures opened higher Tuesday evening after newly published data from Moderna fueled hopes that a vaccine providing protection against Covid-19 would be developed in the relative near-term.


MarketWatch MarketPulseJul 15, 2020
Trump administration asks hospitals to bypass the CDC with updates on COVID-19: New York Times
The administration of President Donald Trump has requested that hospitals bypass the Centers for Disease Control and Prevention and send COVID-19 patient information to a central database in Washington, the New York Times reported, citing a document posted on the Department of Health and Human Services website. The department, and not the CDC, the main public health agency in the U.S., will handle daily reports on patients, available hospital beds, ventilators and other information needed to track the pandemic. The news has dismayed public health experts as the data will not be open to the public, unlike CDC data, and will not be available to researchers who currently rely on CDC data to make decisions and projections. The news surprised the CDC, the Times reported, citing two anonymous officials.

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 MarketPulseJul 15, 2020
Coronavirus tally: Global cases of COVID-19 top 13.3 million, 578,628 deaths and Florida sees record deaths in a single day
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 13.3 million on Wednesday, according to data aggregated by Johns Hopkins University, with the U.S. leading the way by far with 3.43 million cases. The number of deaths grew to 578,628, while the number of people who have recovered reached 7.4 million. The U.S. death toll is 136,466. Florida, the new U.S. hot spot, counted a record 132 deaths on Tuesday. There are now 44 U.S. states and regions showing increasing cases over a 14-day period, according to a New York Times tracker. Brazil is second to the U.S. with 1.93 million cases and 74,133 deaths. India is third measured by cases at 936,181 followed by Russia with 738,787 and Peru with 333,867. The U.K. has 45,053 fatalities, the highest in Europe and third highest in the world. China, where the illness was first reported late last year, has 85,226 cases and 4,642 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.



Yahoo BusinessJul 15, 2020
U.K. Phone Market Will Be Duopoly for Years After Huawei Ban
(Bloomberg) -- With Huawei Technologies Co. barred from Britain's future wireless networks, its two European rivals look set to split the market.The ban -- forcing phone companies to remove 5G Huawei equipment by 2027 and stop buying it by the end of this year -- is a blow to the industry, which had lobbied hard to keep Huawei, and not just because of the burden of having to redesign the next-generation networks they were already building.Read more: U.K. Bans Huawei From 5G Networks in Security Crackdown It also turns Britain's wireless radio equipment market into an effective duopoly of Finland's Nokia Oyj and Ericsson AB of Sweden. The companies that run Britain's communications infrastructure will be bracing for higher prices and will have little choice but to use both Nokia and Ericsson if they are to avoid becoming dangerously reliant on either vendor."In the short term, carriers can play one supplier off against the other," said James Barford, an analyst at Enders Analysis. "But a medium- to long-term consequence of not having Huawei means less pricing tension in the market."Huawei was popular with carriers because of its competitive pricing, and its emphasis on research and development, which often gave its gear a technological edge.Carriers tend to get the best equipment deals in the early stages of a network rollout because suppliers are willing to sacrifice profits to win a decent slice of the market. Removing Huawei from the mix so early in the cycle for the 5G upgrade means the phone companies miss

MarketWatch MarketPulseJul 15, 2020
Goldman's stock surges after big profit beat, as markets and investment banking revenue jump
Shares of Goldman Sachs Group Inc. surged 2.2% in premarket trading Wednesday, after the brokerage and banking services company reported a second-quarter profit that was well above expectations, amid strong revenue growth in its markets and investment banking businesses. Net income rose to $2.25 billion, or $6.26 a share, from $2.20 billion, or $5.81 a share, in the year-ago period. The FactSet consensus for earnings per share was $3.90. Total revenue grew 41% to $13.30 billion, as non-interest revenue climbed 47% to $12.35 billion to beat the FactSet consensus of $8.77 billion while net interest income fell 12% to $944 million to miss expectations of $1.16 billion. Investment banking revenue rose 36% to a record $2.66 billion, as "significantly higher" underwriting revenue partially offset by weakness in corporate lending and financial advisory. Global markets revenue soared 93% to $7.18 billion, as fixed income, currency and commodities (FICC) revenue more than doubled to $4.24 billion from $1.70 billion and equities revenue increased 46% to $2.94 billion. Goldman maintained its quarterly dividend of $1.25 a share. The stock has lost 6.9% year to date through Tuesday, while the Dow Jones Industrial Average has slipped 6.6%.

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.



Yahoo BusinessJul 15, 2020
Nissan takes on Tesla in China's electric car market
The Japanese carmaker has unveiled the first of many electric vehicles as part of a new strategy.


MarketWatchJul 14, 2020
Economic Report: Higher gas prices trigger first increase in consumer inflation in four months
The cost of consumer goods and services rose in June for the first time in four months largely because of higher gasoline prices, but inflation more broadly remained low and is likely to stay that way during the pandemic. The consumer price index jumped 0.6% last month.

MarketWatch MarketPulseJul 14, 2020
Bed Bath and Beyond sees 'positive' same-store sales, cash flow in June
Shares of Bed Bath & Beyond Inc. rose 1.1% in premarket trading Tuesday, after the home accessories retailer said June same-store sales were "positive" for reopened stores and digital channels. The company said cash flow during June were also positive. Nearly all stores have reopened, following closures because of the COVID-19 pandemic. Separately, the company said it believes there is between $350 million to $450 million it could get from asset sales and the plan to reduce up to $1 billion of inventory at retail is slightly more than halfway complete. The stock has run up 43.9% over the past three months through Monday, while the SPDR S&P Retail ETF has advanced 25.3% and the S&P 500 has gained 10.9%.

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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