Stock Market News

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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Merck Beats Q2 Estimates and Upwardly Revises FY 2020 View

  Global healthcare enterprise Merck & Co., Inc. (MRK) reported fiscal 2020 second-quarter results that beat Wall Street estimates. Notably, the Q2 earnings rose by 12% from the comparable period last year on a decline in expenses. Moving forward, the

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P&G Beats Q4 Earnings View, Issues Strong FY 2021 Outlook

  Procter & Gamble Co (NYSE: PG) reported a swing to profit in the fourth quarter and comfortably exceeded Wall Street analyst’s estimates. The company also issued a robust FY 2020 outlook on the expectation of an increase in demand

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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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Intel Beats Q2 Estimates but Issues a Weak Q3 Outlook

  Intel Corp. (INTC) reported fiscal 2020 second-quarter profits and earnings that exceeded the Street expectations. Despite the announcement of impressive quarterly results, the stock has turned bearish as the semiconductor manufacturer issued a lower-than-anticipated Q3 earnings outlook. Notably, the

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Tesla Posts Unanticipated 4th Successive Quarter Of Profits

  Shares of Tesla Motors Inc. (Nasdaq: TSLA) hogged the limelight yesterday after the electric car manufacturer posted a surprise profit for the fiscal 2020 second quarter, while analysts anticipated the automaker to report a loss. With four consecutive quarters

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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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Ericsson Beats Q2 Estimates, Reaffirms FY 2020 and 2022 Outlook

  Shares of Telefonaktiebolaget LM Ericsson (Nasdaq: ERIC), commonly referred to as Ericsson, gained 13.20% or $1.27 to close at $10.89 on Friday following the report of an increase in earnings and sales in the second quarter, with a minimal

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JNJ beats Q2 Earnings and Upwardly Revises FY 2020 Outlook

  Consumer, pharmaceutical and bio-medical devices company Johnson & Johnson (NYSE: JNJ) reported fiscal 2020 second-quarter profits that declined from last year. However, the company’s Q2 results were higher than the Wall Street estimates. Interestingly, when most of the listed

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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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