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TORONTO, Oct. 5, 2020 /CNW/ - VIVO Cannabis Inc....
(Bloomberg) -- U.S. futures climbed with global stocks on optimism over economic stimulus and that President Donald Trump may soon leave the hospital.Consumer companies and banks led a broad advance among European stocks. Equities in Asia notched gains, while crude oil rebounded from a three-week low. The yen retreated and Treasuries were steady.In U.S. premarket trading, Regeneron Pharmaceuticals Inc. rallied after Trump was given an experimental antibody treatment made by the drugmaker. Apple Inc., Tesla Inc. and Microsoft Corp. also rose.Cheap Isn’t Enough Without a Brexit Breakthrough: Taking StockA member of Trump’s medical team said Sunday that the president could be released from hospital as soon as Monday after treatment for Covid-19. But Trump’s condition remains clouded by confusion, with the president’s effort to show strength contradicted by conflicting accounts from his doctors.“As for news around Trump, it will likely continue to cause extra volatility,” said Robert Greil, chief strategist at...
Top news and what to watch in the markets on Monday, October 5, 2020....
Days after announcing plans to merge with Tulsa-based WPX Energy (WPX), Devon Energy completed the sale of its natural gas assets in the Barnett Shale to Banpu Kalnin Ventures for $570 million.Devon Energy (DVN) received a cash payment of $320 million from Banpu Kalnin after adjusting for the $170 million deposit it received in April. The company is eligible to receive additional cash payments of up to $260 million over the next four years based on future commodity rates. The contingent payments will start if the Henry Hub natural gas price rises above $2.75 or West Texas Intermediate oil price rises above $50.In August, Devon announced that it would issue a special dividend of $0.26 per share related to the Barnett sale, resulting in an aggregate payment of $100 million, which was in addition to the regular cash dividend. On Oct. 2, Lisa Adams, Devon’s corporate communications director, confirmed to The...
(Bloomberg) -- Oil rose from a three-week low after a member of Donald Trump’s medical team said the U.S. president could leave hospital as soon as Monday, despite contradictory accounts about his health.Futures advanced as much as 3.7% in New York, mirroring a broader relief rally in stock markets, after the biggest weekly drop since June. Trump’s condition remained clouded by confusion, with the president making a surprise outing from the medical center in a show of strength.Meanwhile, a strike in Norway has cut about 330,000 barrels a day of production, though the country’s largest field is continuing to pump. Eqiunor ASA is shutting down four North Sea fields after employers and employees failed to find common ground on a wage deal.The recent bout of price weakness has pushed Brent oil back to near $40, with a resurgence of the coronavirus in some major economies raising concerns about a sustained recovery...
