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Covid-19 Deaths In US Cross 100,000

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16700 New Coronavirus Cases In US In 24 Hours

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Arizona Files Consumer Fraud Lawsuit Against Google

The U.S. State of Arizona filed a consumer fraud lawsuit against Google alleging deceptive and unfair practices used to obtain users' location data. In the filing, Arizona Attorney General Mark Brnovich accused that the tech giant exploits these data...

Boeing Lays Off 6,770 Employees; Resumes 737 MAX Production
Sanvall Recalls Rapid Alivio Pain Relieving Roll-On
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U.S. Durable Goods Orders Show 17.2% Nosedive In April

New orders for U.S. manufactured durable goods showed a substantial decrease in the month of April, according to a report released by the Commerce Department on Thursday. The report said durable goods orders plunged by 17.2 percent in April following...

U.S. Initial Jobless Claims Drop To 2.123 Million
Eurozone Economic Confidence Signals Recovery
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Trump Threatens To Shut Social Media Platforms Following Twitter Alerts

President Donald Trump threatened to close down social media platforms after Twitter alerted users to "fact-check" his tweets. "There is NO WAY (ZERO!) that Mail-In Ballots will be anything less than substantially fraudulent," Trump tweeted on Tuesday. Disputing...

Trump Says No Longer Taking Hydroxychloroquine
Futures Pointing To Mixed Open On Wall Street

The major U.S. index futures are currently pointing to a mixed opening on Thursday, with the Dow futures up by 226 points but the Nasdaq futures are down by 72.25 points. Following the advance seen in the session on Tuesday, stocks saw further upside...

European Shares Extend Gains For Fourth Day
Asian Shares Mixed Amid US-China Woes
COVID-19: Drugs in Development
Covid-19 Deaths In US Cross 100,000
U.S. Durable Goods Orders Show 17.2% Nosedive In April
U.S. Initial Jobless Claims Drop To 2.123 Million
Mitsubishi Recalls Vehicles For Suspension Rust Problem
Arizona Files Consumer Fraud Lawsuit Against Google
Wall Street Set To Open Broadly Higher
Eurozone Economic Confidence Signals Recovery
Boeing Lays Off 6,770 Employees; Resumes 737 MAX Production
Dollar Tree Q1 Results Top Estimates; Does Not Issue Outlook
Taiwan GDP To Grow At Slowest Pace In 5 Years
Top Stories

Thousands Evacuated As 2 Michigan Dams Breached

michigandam may21 Thousands were evacuated as two dams in Michigan breached in devastating flooding caused by heavy rains. Midland County police said the Tittabawassee River has crested at 35.05 feet, breaching the Edenville and Sanford dams. This is 3' higher than the 500 year flood recorded in 1986. The National Weather Service called it a "life-threatening situation." Dow Chemical said its headquarters and

U.S. Existing Home Sales Plunge To Nearly 10-Year Low In April

existing home sales 052120 With economic lockdowns temporarily disrupting home sales, the National Association of Realtors released a report on Thursday showing another steep drop in U.S. existing home sales in the month of April. The continued nosedive pulled existing home sales down to their lowest level since July of 2010.

Algorand Partners Attestiv To Prevent Insurance Fraud Using Blockchain

algorand attestiv 052120 U.S.-based Algorand is teaming up with blockchain-based verification platform Attestiv to develop the next-generation of insurance offerings based on blockchain technology to help prevent insurance fraud. Attestiv is disrupting the insurance industry by addressing an over $40 billion opportunity to reduce property and casualty (P&C) insurance fraud in the U.S. alone.

U.S. Leading Economic Index Shows Another Steep Drop In April

leading indicator 052120 Suggesting the U.S. economy is now in recession territory, the Conference Board released a report on Thursday showing a continued nosedive by its reading on leading economic indicators. The Conference Board said its leading economic index tumbled by 4.4 percent in April after plunging by a revised 7.4 percent in March.
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Congress
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Economy
preview sept20 28may20Economic sentiment from euro area and preliminary inflation from Germany are due on Thursday, headlining a busy day for the European economic news. At 3.00 am ET, the Swedish National Institute of Economic Research is set to publish economic tendency survey results.

Eurozone Likely To Contract 8-12% In 2020, ECB Chief Says

European Economics Preview: French Consumer, Business Sentiment Data Due

German GfK Consumer Confidence Set To Recover In June

Singapore Cuts 2020 GDP Outlook

European Economics Preview: German GfK Consumer Confidence Data Due

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Health

Covid-19 Deaths In US Cross 100,000

uscoronavirus may28
The number of coronavirus deaths in the United States has topped the 100,000 mark nearly hundred days after the first COVID-19 infection in the country was reported in Washington. The death toll is around as many Americans who died from Covid-19 as from the accumulated number of US troops killed in Korea, Vietnam, Iraq and Afghanistan wars over decades. In a reverse in the trend, new coronavir
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Markets
The major U.S. index futures are currently pointing to a mixed opening on Thursday, with the Dow futures up by 226 points but the Nasdaq futures are down by 72.25 points. Following the advance seen in the session on Tuesday, stocks saw further upside during the trading day on Wednesday. With the...
Business
sanvall may28
Doral, Florida-based Sanvall Enterprises Inc. is recalling around 5,400 units of Rapid Alivio Pain Relieving Roll-On citing risks to children, the U.S. Consumer Product Safety Commission said in a statement. The product contains the substance methyl salicylate which must be in child resistant packaging as required by the Poison Prevention Packaging Act or PPPA.
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Stock Alerts NEW

Stock Alert: Dollar Tree Climbs 11%

Stock Alert: Alexion Pharma Up 7%

Stock Alert: ARCA Biopharma Shares Soar 108% In Premarket On AB201 Development Program News

Stock Alert: PhaseBio Shares Jump 82% In Late Trade On FDA Nod For COVID-19 Clinical Trial

Stock Alert: HEICO Rises On Upbeat Results

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Latest Updates on COVID-19
Slideshow iconCountries that tamed coronavirus
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COVID-19: Drugs in Development
Cryptocurrency

Coinbase To Acquire Institutional Crypto Brokerage Tagomi

US-based cryptocurrency exchange Coinbase agreed to acquire New York-based institutional-grade crypto prime brokerage Tagomi as part of its strong institutional focus to cater to the ever increasing number of institutional investors venturing into cryptocurrencies such as Bitcoin. Read More
FDA Monitor

Biotech Stocks Facing FDA Decision In June 2020

The FDA has been focusing mainly on COVID-19-related review since March. But that said, the regulatory decision on drugs proposed for rare tumors and life-threatening diseases has not been deferred. Now, let's take a look at the biotech stocks awaiting a regulatory decision in the month of June. Read More
Biotechnology

ARCA Biopharma To Evaluate AB201 In Treatment Of COVID-19 Associated Coagulopathy

ARCA biopharma, Inc. (ABIO) announced a new development program to evaluate AB201, a potent selective inhibitor of tissue factor, as a potential treatment for COVID-19 associated coagulopathy and the related inflammatory response. The company expects... Read More
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Economic Calendar
DateIndicatorPeriodCountry
05/28/20 10:0Pending Home Sales (Y-o-Y)APR United States
05/28/20 10:0Pending Home Sales (M-o-M)APR United States
05/28/20 9:0CB Leading IndexAPR India
05/28/20 9:0CB Coincidence IndexAPR India
05/28/20 8:30Continuing Claims - 4 Wk AverageMAY 16 United States
05/28/20 8:30Continuing ClaimsMAY 16 United States
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FDA Calendar
Event DateSymbolDrug NameEvent Name
08/24/20PTCTRisdiplam (NDA)FDA decision on Risdiplam for the treatment of spinal muscular atrophy
08/24/20RHHBYRisdiplam (NDA)FDA decision on Risdiplam for spinal muscular atrophy
08/22/20TCDAVeverimer (NDA)FDA decision on Veverimer for treatment of patients with chronic kidney disease
08/21/20BMRNValoctocogene Roxaparvovec (BLA)FDA decision on Valoctocogene Roxaparvovec for adults with hemophilia A. This
08/20/20SGENTucatinib (NDA)FDA decision on Tucatinib for treatment of patients with locally advanced unresectable or metastatic HER2-positive breast cancer
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