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US Reports Lower COVID Casualties, Infections At The Weekend

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Remdesivir Not Effective For COVID-19 Treatment: WHO

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US Reports Highest Daily COVID Infection Level In 75 Days

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CVS To Hire 15,000 Employees To Prepare For Rise In Covid, Flu Cases

CVS Health Corp. is hiring 15,000 employees across the U.S. in the fourth quarter to better equip them to tackle the anticipated rise in COVID-19 and flu incidences during the fall and winter months. This is in addition to the recruitment announced...

Irish Regulator Probes Instagram's Handling Of Children's Data
Philips Q3 Profit Up, Orders Down; Sees Sales Growth In FY20, Ahead; Stock Up
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China Leaves Benchmark Lending Rates Unchanged

China's central bank left its benchmark lending rates unchanged for the sixth consecutive month after the official data revealed that the economic growth gained further momentum in the third quarter. The one-year loan prime rate was retained at 3.85...

European Economics Preview: Germany Producer Prices Data Due
China House Price Data Due On Tuesday
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Twitter Removes Trump Advisor's Tweet About Using Mask

Twitter has removed a tweet by White House coronavirus task force member suggesting that face masks don't work and that there are "many harms" with wearing masks. In a tweet he posted on Saturday, Scott Atlas said, "Masks work? NO". "LA, Miami,...

Twitter Suspends Fake Accounts That Claimed To Be Black Trump Supporters
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European Shares Seen Opening On Cautious Note

European stocks are seen opening lower on Tuesday as investors watch the latest earnings news and await any new developments on the U.S. stimulus package. The dollar rose against the yen, gold inched lower and oil extended losses for the fourth day...

Asian Markets Mostly Lower
Thai Stock Market Expected To Extend Losing Streak
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Kanye West Releases Presidential Campaign Video With Focus On Faith

Kanye West has released his presidential election campaign video ad with barely three weeks remaining for the polling date. West unveiled the campaign material on Twitter with the caption, "we stepping out on faith." Standing in the background...

COVID-19: Drugs in Development
ABBV Seeks Expanded Approval Of Rinvoq, APTX Cheered By PTSD Data, ENDP Snaps Up BSTC, LQDA On Watch
European Shares Seen Opening On Cautious Note
China Leaves Benchmark Lending Rates Unchanged
European Economics Preview: Germany Producer Prices Data Due
Asian Markets Mostly Lower
U.S. Stocks Move Sharply Lower Amid Uncertainty About Stimulus
Nokia Selected By NASA To Build 4G Network On Moon
U.S. Stocks Showing A Lack Of Direction Amid Uncertainty About Stimulus
Libra Association Appoints Ex-HSBC Executive Ian Jenkins As CFO
Twitter Removes Trump Advisor's Tweet About Using Mask
Top Stories

Disney Splits Media And Entertainment Businesses To Accelerate DTC Strategy

disney oct13 Walt Disney Co. is reorganizing its media and entertainment businesses aiming to accelerate its direct-to-consumer or DTC strategy following the significant success of its streaming service Disney+. In a statement, the company stated that its media and entertainment businesses will be separated into creative engines, as well as Media and Entertainment Distribution Group.

Asian Shares Mostly Higher After Chinese Data

stockmarkets jan02 13oct20 Asian stocks ended mostly higher on Tuesday as investors remained hopeful that the United States would soon pass a coronavirus relief package. Traders also digested upbeat trade data from China and news that Johnson & Johnson's Covid-19 vaccine study...

This Week's Healthcare IPOs

ipo oct13 There have been 8 IPOs in the healthcare sector so far this month in the U.S. stock market. Listed below are the healthcare companies that are going public this week.

UK Unemployment Rises, Redundancies Highest Since 2009

uk flag 032917 13oct20 The UK unemployment rate increased and redundancies reached its highest level since the global financial crisis in the three months to August even ahead of the scaling back of government's furlough scheme and the mounting fear of more restrictions. The ILO jobless rate rose by 0.4 percentage points from the preceding quarter to 4.5 percent in the three months to August, the ONS said.
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Economy
nahb3 101920Homebuilder confidence in the U.S. climbed to another new record high in the month of October, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index rose to 85 in October from 83 in September. Economists had expected the index to come in unchanged.

UK House Prices Rise To Record High: Rightmove

China GDP Growth Gains Further Momentum

U.S. Business Inventories Rise Slightly Less Than Expected In August

U.S. Consumer Sentiment Rises Amid Improvement In Expectations

U.S. Industrial Production Unexpectedly Drops 0.6% In September

U.S. Retail Sales Growth Far Exceeds Estimates In September

European Economics Preview: Eurozone Consumer Prices, Foreign Trade Data Due

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Health

US Reports Lower COVID Casualties, Infections At The Weekend

uscoronavirus oct19
Even as COVID-19 pandemic continues to surge in majority of U.S. states, a lower infection and death rate was recorded nationally in the last 24 hours. With 48,210 new cases reporting, the national total increased to 8155592, as per Johns Hopkins University's latest data. With 388 deaths reported nationally, the total number of COVID casualties in the U.S. increased to 219676. The outbreak is
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Markets
Indian shares were moving higher on Tuesday despite weak cues from global markets. The benchmark S&P BSE Sensex rose 164 points, or 0.4 percent, to 40,595 in early trade, while the broader NSE Nifty index was up 29 points, or 0.25 percent, at 11,902. Maruti Suzuki India rose about half a percent...
Business
cvs health 101920
CVS Health Corp. is hiring 15,000 employees across the U.S. in the fourth quarter to better equip them to tackle the anticipated rise in COVID-19 and flu incidences during the fall and winter months. This is in addition to the recruitment announced in March to fill 50,000 new full-time, part-time and temporary roles across the country in support of the company's response to the pandemic.
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Stock Alerts NEW

Stock Alert: Dave & Buster's Rises

Stock Alert: Fluidigm Up 6% As COVID-19 Saliva Test Added In Federal Program

Stock Alert: Centogene Rises 11% On Receiving EUA For Vovid-19 Test

Stock Alert: LiveRamp Holdings Shares Hit 52-Week High

Stock Alert: OraSure Technologies Shares Up 25%

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Latest Updates on COVID-19
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COVID-19: Drugs in Development
Cryptocurrency

Libra Association Appoints Ex-HSBC Executive Ian Jenkins As CFO

The Libra Association, a consortium of major financial partners of Facebook's Libra cryptocurrency project, has appointed former HSBC executive Ian Jenkins as its first chief financial officer and chief risk officer of Libra Network, which manages the licensed Libra cross-border payment system. Jenkins will manage the operations of the Libra payment system. Read More
FDA Monitor

Biotech Stocks Facing FDA Decision In October 2020

As of this writing, the FDA has approved 40 novel drugs so far this year compared to just 27 during the same period (Jan-Sep) last year. Now, let's take a look at the biotech stocks facing FDA decision in October. Read More
Biotechnology

Centogene: FDA Issues Emergency Use Authorization For SARS-CoV-2 RT-PCR Assay

Centogene N.V. (CNTG) said the FDA has issued Emergency Use Authorization for CentoSure, the company's SARS-CoV-2 RT-PCR test. CentoSure SARS-CoV-2 RT-PCR assay is a real-time test based on the reverse transcription polymerase chain reaction for the qualitative... Read More
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Economic Calendar
DateIndicatorPeriodCountry
10/20/20 2:0ExportsSEP Switzerland
10/20/20 2:0ImportsSEP Switzerland
10/20/20 2:0Trade BalanceSEP Switzerland
10/20/20 2:0PPI (Y-o-Y)SEP Germany
10/20/20 2:0PPI (M-o-M)SEP Germany
10/20/20 1:0Unemployment RateSEP Finland
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FDA Calendar
Event DateSymbolDrug NameEvent Name
12/30/20ATNXTirbanibulin Ointment (NDA)FDA decision on Tirbanibulin Ointment for the treatment of actinic keratosis
12/30/20SCPHFUROSCIX (Resubmitted NDA)FDA decision on FUROSCIX or the treatment of worsening heart failure due to congestion
12/30/20VRTXTRIKAFTA (sNDA)FDA decision on TRIKAFTA for the treatment of cystic fibrosis patients with additional rare CFTR mutations
12/30/20VRTXSYMDEKO (sNDA)FDA decision on SYMDEKO for the treatment of cystic fibrosis patients with additional rare CFTR mutations
12/30/20VRTXKALYDECO (sNDA)FDA decision on KALYDECO for the treatment of cystic fibrosis patients with additional rare CFTR mutations
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