Gilead asks FDA to revoke orphan drug status for potential coronavirus drug Link: https://www.reuters.com/article/health-coronavirus-gilead-sciences/gilead-asks-fda-to-revoke-orphan-drug-status-for-potential-coronavirus-drug-idUSL4N2BI4NV...
(Bloomberg) -- The governors of six U.S. states in the Northeast, including New York, New Jersey and Pennsylvania, formed an advisory council to plan for a coordinated reopening of the economy once the coronarvirus emergency has passed.President Emmanuel Macron of France extended the nation’s lockdown to May 11. Seventy vaccines are in development, with three being tested in human trials, the World Health Organization said. The head of the agency said it has a “very good” relationship with U.S. President Donald Trump, who has threatened to cut off funding to the group.U.S. stocks fell, while markets across Europe were closed for the Easter holiday.Key DevelopmentsCoronavirus Tracker: Global cases reach 1.89 million; deaths top 118,00070 coronavirus vaccines in development globallySpain reports smallest number of new infections since March 20Fauci says U.S. reopening could start ‘in some ways’ in MayCruise passengers spend Easter on ‘ghost ship’The Virus Should Wake Up the West: Micklethwait...
Shares of Luckin Coffee Inc (NASDAQ:LK) were halted last week for pending news. At the time of this writing, the stock had not resumed trading, and it's unclear what the pending news is. However, there are some possibilities. Luckin Coffee stock halted: chairman, CEO default On Monday, a press release issued by Goldman Sachs said […]...
Airline industry officials expect all major airlines to accept the grants in coming days, and U.S. Treasury Secretary Steven Mnuchin said on Monday he expects decisions to come out "very quickly." Brent McIntosh, the Treasury undersecretary for international affairs, told Reuters on Monday the agency was not planning to change the terms laid out on Friday, which require 30% of the funds allotted to each airline to be repaid. The U.S. government would also receive warrants equal to 10% of the loan amount....
Brent McIntosh, the Treasury undersecretary for international affairs, told Reuters on Monday the agency was not planning to change the terms laid out on Friday, which require 30% of the funds allotted to each airline to be repaid. The U.S. government would also receive warrants equal to 10% of the loan amount. "We’ve attempted to come up with an equitable methodology that works for all passenger air carriers, and we don’t want to engage in individual negotiations that would require us to make changes across the carriers," he said....
Under those terms, the government could end up with the largest equity stake in American Airlines, which has the most employees of the U.S. carriers and has said it was seeking about $6 billion in payroll support. One airline official said the warrant price had been locked before Monday, when airline shares fell sharply....
Facebook, Inc. (NASDAQ: FB) shares traded lower by 2% on Monday and are now down 16.4% year-to-date.On Monday, the largest of a series of Facebook option trades were more bullish than bearish, suggesting smart money is buying the Facebook dip.The Trades On Monday, Benzinga Pro subscribers received six option alerts related to unusually large trades of Facebook options. Here are a handful of the biggest: * At 10:13 a.m., a trader bought 1,310 Facebook call options with a $190 strike price expiring in January 2021 at the ask price of $13.151. The trade represented a $1.72 million bullish bet. * At 10:50 a.m., a trader bought 1,000 Facebook call options with a $180 strike price expiring on May 15 at the ask price of $4.901. The trade represented a $490,100 bullish bet. * At 11:09 a.m., a trader bought 1,636 Facebook call options with a $350 strike price expiring in January...
