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Inovio Suing Suppliers Over Covid-19 Vaccine Production

Inovio Pharmaceuticals (INO) has now initiated legal proceedings as an emergency action to compel the technology transfer required for the planned large-scale manufacture of …

S&P Cuts American Airlines’ Credit Rating To ‘B-‘ from ‘B’ On Cash Flow Deficit Concern  

American Airlines Group Inc.’s (AAL) credit rating was cut to ‘B-‘ from ‘B’ at S&P Global on June 3 amid expectations that the …

FedEx Adding Temporary Surcharges As Covid-19 Pressures Mount

Starting June 8, FedEx (FDX) has announced that it will start implementing a number of surcharges, including a temporary surcharge on FedEx SmartPost …

Uber CEO Reveals Pickup In May Rides As Covid-19 Restrictions Ease

Uber (UBER) CEO Dara Khosrowshahi has revealed a gradual pick up in trip requests during May as lockdown restrictions ease, reports Reuters. The …

Billionaire Investor Dan Loeb’s Fund Lists Boeing As Top Winner In May

Billionaire investor Dan Loeb’s Third Point LLC fund has Boeing Co (BA) listed among its top winners in May sending shares in the …

Elastic Falls 7% Post-Print; Top Analyst Sees Multiple Growth Levers Ahead

Shares in Elastic NV (ESTC) fell 7% in after-hours trading on Wednesday after the company reported strong fiscal fourth quarter results, but disappointed …

Costco Reports May Sales Jump; Top Analyst Says Stock ‘Best Positioned’ For Current Crisis

Costco Wholesale (COST) has reported impressive sales for the retail month of May. Comparable sales rose 9.

5 Promising Covid-19 Vaccines Now Selected For Trump’s Operation Warp Speed

Five companies have now been picked by the Trump administration as the most likely candidates to produce a coronavirus vaccine, The New York …

Coty Spikes 15% Amid Talks With Kim Kardashian West For A Cosmetics Tie-Up

Shares in Coty jumped 15% after the cosmetics company announced that it is currently in talks with Kim Kardashian West for a possible …

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