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These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
World

These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says

Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]

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Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
Health

Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline

Kena Betancur | Corbis News | Getty Images Pfizer had a “phenomenal” first quarter — and Wall Street took notice, CEO Albert Bourla told thousands of employees during a companywide town hall on May 2, according to a recording heard by CNBC.  A day earlier, the pharmaceutical giant’s stock had closed 6% higher after its […]

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Stocks earning the major moves premarket: Walgreens, Levi Strauss, Micron and more
Finance

Stocks earning the major moves premarket: Walgreens, Levi Strauss, Micron and more

Verify out the corporations making headlines prior to the bell. Micron — Shares slipped almost 6% just after the semiconductor manufacturer posted earnings assistance of $7.6 billion for its existing quarter, coming in line with analyst expectations. Micron also claimed a 3rd-quarter earnings and earnings defeat. GSK — Shares of the biopharmaceutical organization slid virtually […]

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FDA approves Merck vaccine designed to protect adults from bacteria that can cause pneumonia, serious infections
Health

FDA approves Merck vaccine designed to protect adults from bacteria that can cause pneumonia, serious infections

Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said. Merck’s shot, called Capvaxive, specifically protects against 21 strains […]

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FDA approves GSK’s RSV vaccine for high-risk adults ages 50 to 59, expanding shot’s reach
Health

FDA approves GSK’s RSV vaccine for high-risk adults ages 50 to 59, expanding shot’s reach

A view shows GlaxoSmithKline headquarters in London, Britain, January 17, 2022. Hannah Mckay | Reuters The Food and Drug Administration on Friday expanded the approval of GSK‘s respiratory syncytial virus vaccine to adults ages 50 to 59 who are at increased risk of getting severely sick from the potentially lethal virus.  The shot, called Arexvy, […]

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Stocks generating the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and a lot more
Finance

Stocks generating the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and a lot more

Check out the corporations producing headlines in midday trading: GameStop — The meme inventory jumped much more than 25% in risky buying and selling amid speculation that Keith Gill, the male who motivated 2021′s epic short squeeze, could have a enormous placement in the movie recreation retailer. Gill, who goes by DeepF——Price on Reddit, reappeared […]

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Pharma giant GSK plunges 9% after U.S. court allows scientific testimony in Zantac lawsuits
Health

Pharma giant GSK plunges 9% after U.S. court allows scientific testimony in Zantac lawsuits

Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020.  Matthew Childs | Reuters LONDON — Shares of British pharmaceuticals giant GSK plunged 9% Monday, after a U.S. court ruled that scientific evidence could be presented as a stack of lawsuits relating to the discontinued heartburn drug Zantac move forward. […]

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Shares earning the major moves premarket: GameStop, Stericycle, MarineMax, Paramount and additional
Finance

Shares earning the major moves premarket: GameStop, Stericycle, MarineMax, Paramount and additional

Look at out the firms generating headlines just before the bell: GameStop , AMC Entertainment — GameStop soared far more than 77% on speculation that Keith Gill, also recognised online as Roaring Kitty, has a stake in the enterprise well worth $116 million as of Friday’s shut. AMC shares jumped about 25% on the renewed […]

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FDA approves Moderna’s RSV vaccine for seniors, the company’s second-ever product
Health

FDA approves Moderna’s RSV vaccine for seniors, the company’s second-ever product

The FDA has approved Moderna’s RSV vaccine for older adults. Courtesy: Moderna The Food and Drug Administration on Friday approved Moderna’s vaccine for respiratory syncytial virus for adults ages 60 and above, the company’s second-ever product to enter the U.S. market.  The decision is a win for Moderna, which desperately needs another revenue source amid […]

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Moderna says FDA delayed RSV vaccine approval to end of May
Business

Moderna says FDA delayed RSV vaccine approval to end of May

Nikos Pekiaridis | Lightrocket | Getty Images Moderna on Friday said the Food and Drug Administration has delayed the approval of its vaccine for respiratory syncytial virus to the end of May due to “administrative constraints” at the agency. The FDA was expected to make a decision on the RSV shot on Sunday. The agency […]

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