U.S. approval of Biogen Alzheimer’s drug sends shares soaring, hailed as ‘big day” for patients
U.S. regulators on Monday approved Biogen Inc’s (BIIB.O) aducanumab as the first treatment to attack a likely cause of Alzheimer’s disease despite controversy over whether the clinical evidence proves the drug works, sending its shares soaring.
Amazon’s billionaire founder Jeff Bezos to fly to space next month
Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month.
Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger
Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the banking app at $4 billion.
MSCI’S ACWI ends at record, oil hits 2-year high
A gauge of global equity markets closed at a record high on Monday as technology shares took in stride a deal by the world’s richest nations on a corporate tax aimed at U.S. tech heavyweights, and oil prices jumped to a two-year high.
Walmart’s Flipkart in talks to raise $3 bln from SoftBank, others – Bloomberg News
Walmart Inc-owned (WMT.N) Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan’s SoftBank Group Corp (9984.T) and several sovereign wealth funds, Bloomberg News reported on Monday.
IFIN launches the first of its kind instant Islamic financing platform offering retailers and Islamic finance providers unparalleled opportunities
Bahrain-based Islamic FinTech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale.
The United States brushes aside the possibility of a post-Brexit trade agreement with the United Kingdom.
While the United States is the world’s largest economy, Britain’s trade with the EU accounts for a much greater percentage of its annual GDP. That’s why Prime Minister Boris Johnson’s government made it a top priority to negotiate a deal that would prevent tariffs from being imposed on trade between the UK and the EU. […]
Analysis: Market for U.S. oil acreage booms along with crude price recovery
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.
EXCLUSIVE Some on Wall Street try options trade to bet against AMC without getting burned
Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc (AMC.N) and other “meme” stocks this week through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong.
Asia shares hesitate, China imports underpin resources
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers.
