Deutsche Bank is on the lookout for expansion opportunities in the area of payments systems, the lender's strategy director said in response to a question about the lender's interest in Wirecard's assets. "We are one of the largest banks in payment transactions worldwide ... So if there are opportunities here to strengthen ourselves, we will look into them," Deutsche's Fabrizio Campelli told Handelsblatt newspaper in an interview published on Friday....
The European Commission said on Friday it had given conditional approval for the use of antiviral remdesivir in severe COVID-19 patients following an accelerated review process, making it the region's first therapy to be authorised to treat the virus. The move comes just a week after the European Medicines Agency (EMA) gave its go-ahead for the drug produced by Gilead Sciences to be use in adults and adolescents from 12 years of age who are also suffering from pneumonia and require oxygen support. It also comes just days after the company allocated nearly all of its supply of the antiviral to the United States over the next three months, stirring concerns about availability elsewhere....
Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France's finance minister to urge the company to reconsider. It will also lead Daimler to take a restructuring charge of hundreds of millions of euros in its second quarter, the company said. Daimler, which owns the Mercedes-Benz and Smart brands, had used the Hambach factory to produces electric and combustion-engined variants of its two-seater Smart vehicles, making more than 80,000 cars in 2017....
High-flying Nikola Corp. (NASDAQ: NKLA) came back to earth Thursday as early investors in the electric truck startup sold discounted shares at a handsome profit.With lockup provisions lifted, investors in a private investment in public equity (PIPE) with VectoIQ were allowed to sell most of the 53.3 million shares purchased for $10 each before the special purpose acquisition company (SPAC) became Nikola in a reverse merger on June 2.Nikola shares closed down 13.22% at $57.69 Thursday as PIPE investors realized gains exceeding $50 a share based on Thursday's opening price of $64.27. Shares have traded in the mid-$60 range recently, temporarily buoyed Monday by the taking of preorders for the company's Badger battery-electric pickup with a fuel cell range extender.A tweet from Executive Chairman Trevor Milton on Thursday that $5,000 deposit Badger preorders were sold out briefly raised the stock price, but it didn't last.Nikola traded within cents of $100 a...
