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Tesla Inc (NASDAQ: TSLA) owners know the value of "Sentry Mode," it seems it's even making its neighborhood a better place.After a Tesla owner posted a video to Twitter of a Porsche (OTC: POAHY) being stolen, it quickly racked up thousands of views. This is another example that Tesla's safety features don't just help owners; they help the people around them as well.> Porsche Carrera 2, matricula 2397DBK robado en Benicassim, Castellon, anoche a las 3:20 AM. Va a ser complicado, pero si alguien sabe algo o conoce a alguien en el video o fotos, mis DMs estan abiertos.> > Gracias pic.twitter.com/o3RTDIxlFs> > -- Jose (@josejacas) July 12, 2020A Tesla owner in Spain posted a video recorded from his Tesla's security system of a Porsche being broken into and stolen. After getting thousands of views, a person reported that they found the Porsche abandoned the next day. The thieves may have...
(Bloomberg) -- Futures on U.S. stock indexes jumped after data published on a potential Covid-19 vaccine showed an encouraging response in a safety trial.September contracts on the S&P 500 rose 1% as of 9:10 a.m. in Tokyo, while futures on the Nasdaq 100 climbed 0.7%. Results published Tuesday in the New England Journal of Medicine said Moderna Inc.’s drug produced antibodies to the coronavirus in all patients tested in an initial safety trial.“I think it’s very positive,” said Peter Mallouk, president and chief executive officer of wealth management firm Creative Planning. “What we have is reaffirming what the market thought about its general optimism about a timeline of an improvement.”In the Moderna study, the neutralizing antibody levels produced were equivalent to the upper half of what’s seen in patients who get infected with the virus and recover, according to the results published Tuesday. The Moderna vaccine is one of the farthest...
(Bloomberg Opinion) -- About two months after releasing preliminary Covid-19 vaccine data that sent the stock market into a tizzy, Moderna Therapeutics Inc. finally published a complete look at the initial human trial of its drug late Tuesday — and it promptly moved the market again.Moderna shares surged 20% on the results after the close Tuesday, and stocks in general got a loft as well. Is it warranted? For sure, the expanded results published in the New England Journal of Medicine contain good news about the vaccine's early attributes. However, they mainly put what the company revealed in its sparse May release on firmer footing instead of breaking swaths of new ground as one might expect from the reaction. In short, investors may be ahead of themselves.There are a host of open questions about the vaccine's clinical and commercial potential. They won't be resolved until Moderna finishes a huge clinical trial currently scheduled to begin July 27. New investors would be paying...
Posted by OFX AUD - Australian Dollar The Australian dollar crept higher through trade on Tuesday, supported by underlying USD weakness and a small uptick across risk assets. Trade was choppy and moves relatively modest as ranges across currency markets narrowed. The AUD has struggled to break outside a 70 point range … Continue reading "AUD trades sideways as broader ranges narrow"The post AUD trades sideways as broader ranges narrow appeared first on ....
(Bloomberg) -- GoHealth Inc. expanded the size of its U.S. initial public offering and priced the shares above the marketed range to raise $914 million, according to people familiar with the matter.The Chicago-based health insurance company sold 43.5 million shares for $21 each, said the people, who asked not to be identified because the information wasn’t public yet. GoHealth had marketed 39.5 million shares for $18 to $20 each, according to its filings with the U.S. Securities and Exchange Commission.A representative for GoHealth didn’t immediately respond to requests for comment.The offering was led by Goldman Sachs Group Inc., Bank of America Corp.and Morgan Stanley. The shares are expected to begin trading Wednesday on the Nasdaq Global Market under the symbol GOCO.(Updates with amount raised in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P....
Challenging – this is one word getting extra use these days, frequently describing the headwinds industries affected the most by COVID-19 are facing.Undoubtedly, it is an apt description of the situation A&D giant Boeing (BA) currently finds itself in. Appearing to be on the verge of bankruptcy after the initial coronavirus wave, the recent spike in cases hasn’t made predicting what’s on tap in the near-term any easier.With its Q2 earnings release on the horizon (July 29), Cowen analyst Cai von Rumohr argues the Street is underestimating the headwinds Boeing must face on the way to recovery.“Q2 will be a mess… Broadly ranged Q2 estimates look high, and spiking U.S. COVID-19 cases & rising China tensions are headwinds for MAX delivery ramp in 2021 and complicate supply chain coordination… Combined with incoming supplier materials, COVID-19 disruptions, and customer deferrals, we also see $9 billion cash outflow vs. Street's $6.6 billion,” Rumohr...
The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday, setting aside for now a lower court's order earlier this month to shut and empty the line. The U.S. Court of Appeals for the District of Columbia granted Dakota Access, controlled by Energy Transfer LP , an administrative stay while it considers whether the line, long opposed by local tribes and environmental activists, should be shut due to permitting issues dating to 2017. On July 6, the U.S. District Court for the District of Columbia ordered the line shut and emptied by early August....
