(Bloomberg) -- CureVac AG, a player in the hotly contested race for a coronavirus vaccine and soon to be partly owned by the German government, is working with Bank of America Corp. and Jefferies Financial Group Inc. on a U.S. initial public offering, according to people familiar with the matter.The vaccine maker, based in Tuebingen, Germany, could raise $150 million to $200 million, valuing the company at $1 billion, said the people, who asked not to be identified because the information wasn’t public. That valuation could change depending on whether regulators approve a vaccine.CureVac Chief Financial Officer Pierre Kemula said in an interview Monday that the company was considering an IPO. Other companies trying to develop coronavirus vaccines, including Moderna Inc. and BioNTech SE, are already public.“At this stage we have sufficient amount of capital coming in to decide either way,” Kemula said at the time.According to a German government document,...
In the last few years, Advanced Micro Devices (AMD) has grown without the benefit of one of its best businesses. The company has long provided chips for the major video game consoles, but the related console business for this cycle peaked all the way back in 2016.AMD has seen surging demand for CPUs and data center chips, but the semi-custom chips provided to the console companies has collapsed to next to nothing. Both Sony and Microsoft plan to launch new consoles in 2020 with AMD chips providing another revenue boost for the company.Citing the upcoming PS5 launch, Northland analyst Gus Richard expects a strong 2H for AMD. The analyst noted, "In our view, AMD is well position for 2H:20 as new game consoles launch for the holiday season, and server market share gains accelerate as Milan ramps in Q4. Moreover, we believe these products are relatively immune if the macro weakens."...
According to a letter of intent, ServPro will be among the first commercial fleet customers to take delivery of the Endurance pickup when full scale production begins in early 2021. ...
The overnight moves came on the heels of a choppy session on Thursday, with the S&P 500 and Nasdaq closing slightly higher and the Dow ticking down....
Co-author of 'From Here to Equality: Reparations for Black Americans in the Twenty-first Century' Kirsten Mullen joins Yahoo Finance to examine the racial wealth gap in the U.S....
