(Bloomberg) -- Coronavirus cases jumped from Florida to Tokyo, sparking concern about a resurgence. China canceled an economic briefing scheduled for Monday after locking down part of Beijing due to an outbreak at the capital’s largest fruit and vegetable market.Florida Covid-19 cases rose 2.7%, higher than the previous 7-day average of 2.3%. The World Health Organization reported a record 4.5% increase in cases Saturday, with almost 40% in Latin America.The International Monetary Fund expects to cut its forecast for the global economy this year. The U.K. will review its rule that people stay 2 meters (6 feet 7 inches) apart as stores are set to reopen Monday.Key Developments:Virus Tracker: Cases pass 7.8 million; deaths exceed 430,000Beijing locks down part of city after outbreak at marketCollege towns fear Covid-19 will leave them as ghost townsSun, octopus and face masks: Greece gambles on rescuing summerAsia’s densest slum has become a model for beating...
Biotech stocks came under pressure along with the broader market in the week ended June 12, as a worsening pandemic situation and its impact on the economy led to an across-the-board sell-off in the global markets.The week kickstarted with the rumor of a big-ticket acquisition. AstraZeneca plc (NYSE: AZN) reportedly approached Gilead Sciences, Inc. (NASDAQ: GILD) with a bid, although experts and analysts shrugged off the possibility of a deal materializing.The FDA promptly approved Viela Bio Inc's (NASDAQ: VIE) drug for treating neuromyelitis optica spectrum disorder.More importantly, five biopharma companies debuted on Wall Street, raising a combined $983.25 million. The week also witnessed virtual presentations at key conferences such as the European Hematology Association Congress.Here are the key catalysts for the unfolding week.Conferences * The Endocrine Society's ENDO Online 2020: June 8-22 * 25th Edition of the European Hematology Association, or EHA, Annual Congress held in virtual format: June 11-21 *...
Thermal imaging stocks have gotten a lot of attention in 2020 due to the product's potential role in detecting people who may be infected with COVID-19. These devices are playing a role in allowing companies to safely reopen businesses as the economy recovers, but thermal imaging also has a wide range of other applications that could generate some big long-term gains for investors.Amazon.com, Inc (NASDAQ: AMZN) is already using thermal imaging devices in its warehouses and Whole Foods stores. General Motors Company (NYSE: GM) and Wynn Resorts, Limited (NASDAQ: WYNN) have also said they will be using the cameras.In addition to identifying people who may be sick, thermal cameras can be used for safety and maintenance at both a business or a home.Thermal cameras can identify potential heating and cooling issues, problems with wiring, circuit boxes or other electrical systems and even potential issues with plumbing. The cameras can also be...
Recently, shares of companies in severe financial distress — including Chapter 11 bankruptcy — have been very popular for day traders, a sign that has many concerned....
