Skip to content
Sorrento Therapeutics (SRNE) has taken a unique approach to fighting the coronavirus. While most pharma companies taking the good fight to COVID-19 have focused their energies on one area, Sorrento has taken a more scatter gun approach. The biotech is developing a COVID-19 vaccine, a diagnostic test, an antibody test and has several therapeutic candidates.While it remains to be seen whether the varied method pays off, Dawson James analyst Jason Kolbert believes Sorrento might have a fan, who as they say, has some influence in high places.During a presidential press conference, “the president mentioned among promising therapeutics a monoclonal-antibody that is 70% effective," Kolbert said. "We spoke with Sorrento afterward and remain optimistic that the company’s mAB is very effective (>70%) and is progressing towards approval.” Considering Trump has in the past suggested injecting bleach might be an apt treatment for COVID-19, it is open to debate whether such an endorsement...
Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous to discuss what investors are keeping an eye on in early trading, in addition to Caesar's offer to acquire the betting company William Hill....
Nio Inc - ADR (NYSE: NIO) shares were advancing Monday, buoyed by the electric automaker's announcements at a Chinese auto show over the weekend.Nio Parades Products, Services: At the Beijing International Auto Exhibition 2020, Nio displayed its EV models, including the EP9, an electric super car launched in 2016; the ES8, its six-seater flagship premium EV model; and the recently launched EC6 SUV.The company also showcased a Power Swap Station, three types of chargers, NIO Innovations and patents and NIO Life.As expected, the company announced an upgrade to its smart operating system to Nio OS 2.7.0.Nio Unveils New Driver Assistance Functionality: Nio also released its Navigate on Pilot feature, which automatically guides the car on ring roads and highways."This is the first NIO.com commercial application of high-definition map in China on the ADAS functionality of mass-produced vehicles, which further enhances NIO Pilot's capability," Nio said in a press release.The company plans...
Yahoo Finance's Andy Serwer joins The First Trade to highlight the link between President Donald Trump, Tesla, and Nikola....
A recent New York Times report says that President Donald Trump's taxes show 'years of tax avoidance.' Stefanie Miller, FiscalNote Markets Managing Director, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the implications of the recent New York Times report and what it could mean for the 2020 presidential election....
In the first half of 2020, many companies have cut back on their dividend payments, slashing or suspending them to conserve cash against the downturn. That trend appeared to reverse itself – or at least, to start to reverse itself – in August, when 13 companies announced dividend increases while only 2 announced cuts. Is this a signal that Q3 will show rebounding sentiment toward dividend and buyback policies? The recessionary pressure is easing; and dividends are a powerful attractor for cautious investors.Looking at the current situation from Evercore ISI, market strategist Dennis DeBusschere believes the worse is over, saying, “[A] sharp drop in cash returns is unlikely [in 2h20.]” He believes that companies will continue, albeit slowly, to restore both dividends and buyback policies – but cautions that investors should not expect a return to pre-pandemic levels for until at least 2022.“Though a recovery back to pre-pandemic levels is not...
