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Tag Archives: Business

Thermo Fisher Scientific Seeks to Acquire Qiagen in $12B Deal

Thermo Fisher launched an $11.59 billion bid for genetic testing company Qiagen NV. This acquisition may create a powerhouse that could be the next big thing in the biomedical field.Thermo Fisher Scientific Inc (NYSE: TMO) seems set to acquire Qiagen NV (NYSE: QGEN). The deal is reportedly worth about $11.59 billion. With its headquarters in the Netherlands, Qiagen runs operations from Germany. Sources indicate that the deal is expected to be rounded up as early as this week. After talks...

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Costco (COST) Stock is the Winner of Monday’s Rally with 9.96%, Today It’s Also in Green

Costco stock is directly poised to enjoy a heavy surge in related supplies as the coronavirus outbreak causes people to start bulk buying.Because of the coronavirus epidemic, news about stock crashes are no longer surprising. Many companies have had some losses because the outbreak has serious adverse effects on their books and their general business. What makes the situation worse is that the coronavirus is still spreading and there is little to no hope of a solution anytime soon. However,...

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BMW Creates New i4 EV, Wants to Compete with Tesla Luxury Sedans

Since Tesla issued its Model 3 ultra-fast electric car, BMW has started taking pressure on the luxury-level sedan market. People used to buy BMW when they wanted their sedan to be the best in the neighborhood.The German car manufacturer BMW describes the new i4 EV design as ‘crisp, smooth lines and taut volumes merge into a rich, smoothly contoured sculpture and create a clear surfacing language’.BMW Motoren Werke AG (ETR: BMW3) understands that the future is slowly coming, so they decide to...

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Coronavirus Could Be a Positive Game-Changer for These 5 Stocks

While many stocks are taking a big hit because of the coronavirus, the following 5 are some that are set up to benefit from the outbreak. Let’s have a look at them.The coronavirus outbreak is still driving a deep wedge into the world’s financial markets and stocks. As the situation continues to worsen, some of the world’s biggest companies are shedding significant weight in stocks as a result of the market disruptions from the coronavirus. In addition to that, the world’s richest people are...

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Microsoft (MSFT) Stock Rose 6.65% on Monday, No Coronavirus Worries

Without a doubt, investors should brace themselves for more declines in Microsoft (MSFT) stock as the coronavirus rages on. But for investors with a longer-term view holding on to this software giant should prove to be a smart move.Stocks on Wall Street traded higher in the premarket on Tuesday following a report that a drug made by American company Gilead Sciences will soon start trials on patients infected with the coronavirus. Last night, the Dow Jones recorded its largest daily point...

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G-7 to Coordinate Their Efforts in Fighting Coronavirus, Mnuchin and Powell to Lead a Call

Led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, a G-7 call will be devoted to the discussions of the coronavirus outbreak and its economic impact.Financial ministers and central bankers from all over the world are planning to hold a conference call on Tuesday in order to coordinate their financial and economic responses regarding the spreading coronavirus. The teleconference call will be led by Treasury Secretary Steven Mnuchin and Federal Reserve...

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Apple (AAPL) Stock Rises Unbelievable 9%, Best Day in More Than 11 Years

Apple played a significant role in Monday’s historic rally. Shares of the iPhone maker soared 9.3%. It was the AAPL stock’s largest one-day move in more than 11 years.Apple Inc (NASDAQ: AAPL) rose more than 9% on Monday which was the best day for it in 11 years. The company announced it will pay up approximately $500 million to settle lawsuit among American customers who said the company is intentionally slowing down older iPhone models. It closed on the aftermarket at the price of...

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Tesla (TSLA) Stock Rose 11.32% Despite Morgan Stanley Says It’s Still a Sell

Despite the massively weakening demand in the European market, the TSLA stock surged 11% on Monday beating down the bears. Reportedly Tesla is focusing on strengthening its position in the North American market.On Monday, March 2, the Tesla Inc (NASDAQ: TSLA) stock gained over 11% with its price moving close to $750 but Morgan Stanley still asks investors to be cautious. This recovery came amidst the broader markets showing marginal recovery on Monday. Although the COVID-19 cases have been on...

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10-Year Treasury Yield Falls Below 1.04% amidst U.S. Rates Drop

As the U.S. 10-year Treasury yield has fallen to a new low, many analysts believe that an economic recession is likely to happen. Investors are looking at bonds as a haven.The U.S. 10-year Treasury yield has fallen below 1.04%. This drop came as other rates in the United States have been dropping as well. This is occurring due to the global economic disruptions caused by the emergence of the coronavirus. Already, Wall Street has reportedly been calling for the Federal Reserve to intervene via...

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Apple (AAPL) Stock Fell More Than 6% on Friday, Today It Is in Green

Apple stock fell almost 7% on Friday because of the coronavirus. However, AAPL recovered a huge chunk of its loss in no time. Today it is also up.Apple Inc (NASDAQ: AAPL) stock is by far one of the most interesting in the market today. It has enjoyed quite the bull run for months, profiting off the success of its flagship iPhone 11 series and the new AirPods as well. In the period from the beginning of last year and into 2020, Apple pulled in returns of over 90% for its investors. However,...

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