Two exchange-traded funds with heavy exposure to Biogen Inc. BIIB, +2.76% were higher Thursday afternoon, even as shares of the pharmaceutical company dropped toward an eight-month low after a court ruling invalidated a patent on its multiple sclerosis treatment. That was just one quirk among many in the popular biotech ETF space, a subsector that’s […]
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for three decades and one of the leading experts on pandemics in the U.S. for the last four decades, on Tuesday made a dire warning for the U.S. in the ongoing battle to control the spread of COVID-19. Fauci said SARS-CoV-2, the official […]
A husband and wife brandished firearms at protesters outside their St. Louis home during a demonstration protesting both police brutality and recent actions by Mayor Lyda Krewson, authorities said Monday. Image: A man holds a firearm as protesters walk through his neighborhood in St. Louis, Missouri, on June 28, 2020. (Lawrence Bryant / Reuters) The […]
For the first few months of the coronavirus pandemic, health and government officials assured the public that young people were at little or no risk of falling seriously ill from COVID-19. But many young people who have contracted the virus tell a very different story, one that should serve as a warning to young adults […]
Micron Technology Inc. shares jumped in after-hours trading Monday after the memory-chip maker said sales jumped in the third quarter and are expected to exceed expectations in the final period of its fiscal year. Micron MU, +1.35% reported fiscal third-quarter net income of $803 million, or 71 cents a share, compared with $840 million, or […]
The fear of catching the coronavirus has evidently played a much bigger role in consumers staying at home and avoiding stores than government-ordered lockdowns, according to a new paper whose findings raise fresh questions about how quickly the economy will return to normal. Using cell-phone data on which stores millions of people visited, economists Austan […]
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new cases on Saturday, followed by 8,530 […]
The difference between being one of the most recognized people in the world and being one of the most admired is worth about $180 million dollars, according to global beauty company Coty. Inc. Coty COTY, +13.39% announced Monday a “strategic relationship” in which it paid $200 million for a 20% stake in reality TV star […]
Oil futures finished higher Monday, buoyed by some recovery in energy demand, even with that recovery threatened by the possibility of another round of shutdowns as global cases of COVID-19 top 10 million. “As global demand recovers, oil’s natural inclination is to go higher, since current prices are below the economic threshold for most producers,” […]
Israel’s regulator has ordered an evangelical Christian broadcaster’s new channel off the air, saying it applied to serve a Christian audience but instead has sought to persuade Jews with the gospel of Jesus. In a statement, the Cable and Satellite Broadcasting Council said its chairman, Asher Biton, told the Israeli cable provider Hot on Thursday […]