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Gilead Says “Positive Data” from Remdesivir Trial; NIAID to Brief By Investing.com
By Geoffrey Smith Investing.com — Gilead Sciences (NASDAQ:) on Wednesday said it was “aware of positive data” emerging from the National Institute of Allergy and Infectious Diseases’ (NIAID) study of its antiviral drug remdesivir for the treatment of COVID-19. “We understand that the trial has met its primary endpoint and that NIAID will provide detailed information …
U.S. Oil Rig Count Down by 66 This Week By Investing.com
© Reuters. By Barani Krishnan Investing.com – The U.S. fell by 66 this week, data from the industry firm Baker Hughes showed, indicating the massive production cuts undertaken by domestic oil drillers as crude prices hit near-19-year lows. Baker Hughes data showed oil rigs down to 438 this week from 504 last week, down 13%. …
U.S. Short-Term Treasury Yields Go Negative By Investing.com
© Reuters. Investing.com – Yields on two short-term bonds turned negative Wednesday, as demand for safer assets continued. The yielded -0.013%, while the yielded 0.036%, according to Investing.com data. Negative yields aren’t too surprising as money continues to flow into Treasuries and with the Federal Reserve fed funds rate at 0% to 0.25%. President Donald …
Italian Bonds, Stocks Surge on Report of ECB Aid Preparation By Investing.com
© Reuters. By Geoffrey Smith Investing.com – Italian bonds and stocks surged in late trading in Europe on Wednesday after a report suggesting that eurozone governments were preparing an assistance program for Italy allowing the European Central Bank to intervene more actively to support local markets. Bloomberg reported that eurozone leaders were looking at the …
European Markets Bounce on Soothing Words from Central Banks By Investing.com
© Reuters. By Geoffrey Smith Investing.com — Europe’s stock markets bounced sharply at opening on Monday, in the wake of statements from central banks around the world indicating they won’t let panic selling push the world into a financial crisis. By 3:30 AM ET (0830 GMT), the benchmark index was up 7.6 points or 2.0% …
Top 5 Things to Know in the Market on Monday By Investing.com
© Reuters. Investing.com — WeWork’s CEO and founder Adam Neumann may go the way of Uber’s Travis Kalanick, and there’s no end in sight to the slowdown in global manufacturing. Here’s what you need to know in financial markets on Monday, 23rd September. 1. Softbank looks for the ejector seat button Softbank, the largest outside …
Top 5 Things to Know in the Market on Friday By Investing.com
© Reuters. Investing.com — Stocks are within touching distance of new all-time highs after China stoked hopes of a trade deal with the U.S. Meanwhile, sterling is at a two-month high as Brexit risks recede, and WeWork’s IPO is back on the road. Here’s what you need to know in financial markets on Friday, 13th …
Economic Calendar – Top 5 Things to Watch This Week By Investing.com
© Reuters. Investing.com – This week investors will be watching to see how the Federal Reserve may respond to recession fears whipped up by the inversion of the Treasury yield curve. The Fed will hold its annual gathering in Jackson Hole towards the end of the week, with Chairman Jerome Powell to address the forum …