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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 …

© 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%. …

© Reuters. By Kim Khan  Investing.com – Stockpiles of U.S. crude climbed more than expected again last week, the Energy Information Administration reported Wednesday, as demand destruction from the Covid-19 pandemic continued. rose by 15.2 million barrels for the week ended April 3, the EIA said. That compared with expectations for a build of about …

© 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 …

© 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 …

© 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% …

© Reuters. By Kim Khan Investing.com – stockpiles rose more than the market was expecting last week, the Energy Information Administration reported Wednesday. climbed by 7.5 million barrels for the week ended Feb. 7, the EIA said. Analysts were looking for a build of about 3 million barrels, according to forecasts compiled by Investing.com. fell …

© 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 …

© 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 …

© 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 …