Trading Ideas

No Picture
Trading Ideas

Baidu May Use Nasdaq Delisting To Boost Value – Report

May 21, 2020 admin Comments Off on Baidu May Use Nasdaq Delisting To Boost Value – Report

Chinese tech stock Baidu (BIDU) may delist from Nasdaq and transfer to an exchange closer to China, such as Hong Kong, Reuters reports. According to three Reuters sources, Baidu would use the move to boost its valuation as tension continues to escalate between the US and China over investments.“For a good company, there are many choices of destinations for listing, not limited to the U.S.,” CEO Robin Li recently told the China Daily newspaper.On May 20, the Senate passed legislation forcing US-listed companies to confirm that “they are not owned or controlled by a foreign government.”Shares in Baidu are currently …read more […]

No Picture
Trading Ideas

Oxford Vaccine Gets $1 Billion; Surge in Brazil: Virus Update

May 21, 2020 admin Comments Off on Oxford Vaccine Gets $1 Billion; Surge in Brazil: Virus Update

(Bloomberg) — Global coronavirus cases topped five million, doubling in the past month, and infections rose at a record pace in Brazil and Indonesia. AstraZeneca received $1.2 billion in U.S. funding to develop a vaccine, while CanSino Biologics signed a deal to test and sell a Canadian vaccine candidate.U.S. President Donald Trump suggested Chinese leader Xi Jinping was behind a “disinformation and propaganda attack,” and is set to tour Ford’s ventilator facility on Thursday. Cases stabilized in Russia and the emergency in Tokyo may soon be lifted.The euro-area economy started to claw its way out of its downturn and U.S. …read more […]

No Picture
Trading Ideas

AstraZeneca Can Make Up To 1B Covid-19 Vaccine Doses, Signs First Supply Pacts

May 21, 2020 admin Comments Off on AstraZeneca Can Make Up To 1B Covid-19 Vaccine Doses, Signs First Supply Pacts

UK-based pharmaceutical company AstraZeneca Plc (AZN) on Thursday disclosed that it has the capacity to produce 1 billion doses of its coronavirus vaccine should it prove to be successful. The stock rose 3.5% to $55.65 in pre-market U.S. trading.The drugmaker said it has signed first agreements for at least 400 million doses and has secured total manufacturing capacity for one billion doses of the potential vaccine, which it is developing with Oxford University. Start of deliveries are planned for September 2020, the company said in a statement.AstraZeneca is also working on entering into additional agreements supported by several parallel supply …read more […]

No Picture
Trading Ideas

Shell evacuates foreign staff from Iraq's Basra Gas project – executives

May 21, 2020 admin Comments Off on Shell evacuates foreign staff from Iraq's Basra Gas project – executives

Royal Dutch Shell evacuated some 60 foreign staff from Iraq’s Basra Gas Company as a security measure following a protest over delayed pay, company officials said on Thursday, adding production was unaffected. The staff were flown out of the country on Wednesday after workers protested at the headquarters of Basra Gas Company (BGC), a venture between state-owned South Gas Company, Shell and Mitsubishi, to demand payment of their delayed salaries, officials said. “Shell confirms that as result of a security breach at the accommodation camp of Basra Gas Company, we have temporarily relocated Shell secondees,” Shell said in …read more […]

No Picture
Trading Ideas

While U.S. economy slides, heartland auto dealers cry out for more trucks

May 21, 2020 admin Comments Off on While U.S. economy slides, heartland auto dealers cry out for more trucks

Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot. “Our biggest issue will be if we don’t get more inventory,” said Bill, general sales manager of Stew Hansen Chrysler Dodge Jeep Ram, which sells around 2,700 new vehicles a year in Urbandale, a suburb of Iowa’s capital Des Moines. After a drop in sales in April when consumers stayed home, Bill expects pickup truck sales to end May similar to where they were …read more […]

No Picture
Trading Ideas

China’s Got a New Plan to Overtake the U.S. in Tech

May 21, 2020 admin Comments Off on China’s Got a New Plan to Overtake the U.S. in Tech

(Bloomberg) — Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.The new infrastructure initiative is expected to drive mainly …read more […]

No Picture
Trading Ideas

AstraZeneca gets first supply deals for COVID vaccine, eyes late stage trials

May 21, 2020 admin Comments Off on AstraZeneca gets first supply deals for COVID vaccine, eyes late stage trials

There are currently no approved treatments or vaccines for COVID-19, the disease caused by the new coronavirus, with governments, drugmakers and researchers working on around 100 vaccine programs. AstraZeneca also said it had received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority for development, production and delivery of the potential vaccine. It said results from an early stage clinical trail in southern England were expected shortly and, if positive, would lead to late stage trials in a number of countries. …read more […]