Posts From Richard W

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

Eli Lilly Begins Phase 3 Trial of a COVID-19 Drug Candidate

  The US drug manufacturer Eli Lilly and Co (NYSE: LLY) revealed that it would be starting a late-stage trial of its experimental COVID-19 antibody therapy to assess whether it can thwart coronavirus infections in residents and employees in US

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The Eurozone Manufacturing PMI Enters Expansion Zone

  The euro dollar declined against the greenback despite the release of better-than-anticipated Italy, France, and German manufacturing PMI. The Eurozone final manufacturing PMI indicated a rebound in industrial activity. One of the reasons for the US dollar gaining momentum

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Pfizer Beats Q2 Estimates and Upwardly Revises FY 2020 View

  The shares of Pfizer Inc (NYSE: PFE) rallied 3.94% or $1.48 to close at $39.02 on Tuesday after it reported better-than-anticipated fiscal 2020 second-quarter earnings. However, compared to Q2 2019, the company posted a steep decline in earnings and

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U.S. Existing Home Sales Surge at a Record Rate in June

  The U.S. dollar declined against the Canadian dollar yesterday following the release of unsatisfactory House Price Index data and a sharp increase in the crude oil inventories. Existing home sales data reflected a sharp rebound in June, but missed

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eBay Sells Classifieds Business to Adevinta in $9.2bn Deal

  The Classifieds business of eBay Inc (Nasdaq: EBAY) is reportedly being acquired by the Norway based company Adevinta in a cash and stock deal worth $9.20 billion.  Adevinta owns and operates online marketplaces across Latin America and Europe. The

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Chip Maker, Analog Devices, to Acquire Maxim in a $2 Billion Deal

  The COVID-19 pandemic seems to have had little effect on mergers and acquisitions in the US. Semiconductor manufacturer Analog Devices Inc (Nasdaq: ADI) is acquiring integrated chip manufacturer Maxim Integrated Products Inc (Nasdaq: MXIM) in a $20.91 billion all-stock

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FDA Approves Becton Dickinson’s Antigen Test for COVID-19

  Medical technology company Becton Dickinson and Co (NYSE: BDX) has announced that the US Food and Drug Administration (FDA) has issued Emergency Use Authorization (EUA) to its COVID-19 antigen test for use at diagnostic testing facilities (Point-of-Care Testing or

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Eurozone Retail Sales Rose 17.8% Month Over Month in May

  The euro dollar gained ground against the greenback yesterday after the release of German factory orders data that signaled a rebound in May. The robust increase in the Eurozone retail sales is also another reason for the euro dollar’s

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Starbucks Suspends All Ad Spending on Facebook Platform

  The shares of Facebook (Nasdaq: FB) is on a downtrend as Starbucks joined the list of enterprises who have temporarily stopped paid advertising on “all social media platforms” to halt the dissemination of hate speech. In 2019, Facebook generated

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Starbucks Partners with Impossible For Plant-Based Menu

  Starbucks Corp (Nasdaq: SBUX) announced yesterday that it has started offering a plant-based breakfast sandwich provided by Impossible Sausage. The coffee chain further stated that the summer menu is now offered at a majority of its approximately 15,000 restaurants

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