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Dynamic quotes 
OFFON

Romain
Fournier

Journalist
By the same author
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GLOBAL MARKETS LIVE: AstraZeneca closer to a Covid-19 vaccine

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09/01/2020 | 09:48am EDT

Sanofi fails on a treatment for severe forms of Covid-19, while AstraZeneca moves its vaccine candidate into Phase III. Zoom shines and Apple prepares its suppliers for the arrival of 5G.

 

AZS1222 in the final straight. AstraZeneca's coronavirus vaccine candidate enters Phase III in the United States. The British laboratory said Monday that it has begun recruiting adults for a U.S.-funded, 30,000-subject, late-stage study of its COVID-19 vaccine candidate, AZD1222. It is developing its vaccine in collaboration with researchers at Oxford University.

Facebook threatens Australians. Facebook threatened on Tuesday to block the sharing of press information on its platforms in Australia if a bill intended to force the social network to pay local press groups for the promotion of their content is enacted, exacerbating tensions with the government.

The iPhone 5G arrives. Apple has asked its suppliers to prepare to have parts to build at least 75 million 5G iPhones by the end of the year, as well as new watch models, a new iPad Air and a smaller HomePod, according to Bloomberg.

Video star. Zoom Video Communications spikes by 20% post session after raising its forecast. The online conferencing service popularized by the needs related to the coronavirus quadrupled its revenues for the quarter ended July. Zoom expects to achieve revenues of $2.38 billion for the current fiscal year (vs. $1.79 billion previously forecasted) and an adjusted operating profit of $740 million (vs. $367.5 million).

Prime Drone. Amazon.com wants to accelerate its trials on express delivery by UAVs, to eventually offer a 30-minute delivery system. In October, Wing, an Alphabet subsidiary, became the first company in the United States to deliver by UAV in a rural area of Virginia.

TIM is changing. Telecom Italia's board of directors has approved the creation of a unique fiber optic network in Italy, in partnership with its competitor Open Fiber. It also authorized the sale to the KKR fund of a 37.5% stake in its "last mile" wireline infrastructure subsidiary.

In other news. According to United Continental, American Airlines and Delta Air Lines also waive charges on transfers on their domestic network. A Delaware judge rules that the dispute between Cigna and Anthem over their aborted merger is resolved by a status quo: no one owes anything to the other. Italy is preparing to sell its 68% stake in Banca Monte dei Paschi di Siena by injecting €1 billion of equity capital. Schweiter Technologies is buying out Newell Brands' foam panel activities in the United States. Alfen supplies charging stations for electric vehicles for Volkswagen Group UK port terminals.



Stocks mentioned in the article
ChangeLast1st jan.
ALFEN N.V. -0.51% 58.8 Delayed Quote.257.66%
AMAZON.COM, INC. 0.88% 3204.4 Delayed Quote.73.41%
AMERICAN AIRLINES GROUP INC. -4.18% 12.6 Delayed Quote.-56.07%
ANTHEM, INC. 1.83% 310.76 Delayed Quote.2.89%
APPLE INC. -0.61% 115.04 Delayed Quote.56.70%
ASTRAZENECA PLC -0.15% 7943 Delayed Quote.4.42%
BANCA MONTE DEI PASCHI DI SIENA S.P.A. 0.86% 1.17 Delayed Quote.-16.31%
CIGNA CORPORATION 2.88% 184.49 Delayed Quote.-9.78%
DELTA AIR LINES, INC. 0.83% 34 Delayed Quote.-41.86%
FACEBOOK INC 2.40% 284.79 Delayed Quote.38.75%
NEWELL BRANDS INC. 0.73% 18 Delayed Quote.-6.35%
SCHWEITER TECHNOLOGIES AG 0.16% 1286 Delayed Quote.4.89%
TELECOM ITALIA S.P.A. -1.64% 0.3188 Delayed Quote.-42.70%
UNITED CONTINENTAL HOLDINGS, INC. 2.07% 38.01 Delayed Quote.-56.85%
VOLKSWAGEN AG 1.06% 139.06 Delayed Quote.-21.10%
ZOOM VIDEO COMMUNICATIONS, INC. -1.73% 511.52 Delayed Quote.651.79%
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