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Amazon To Convert 125,000 Temporary Workers To Permanent Roles

Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer...

Arizona Files Consumer Fraud Lawsuit Against Google

Boeing Lays Off 6,770 Employees; Resumes 737 MAX Production

India Economic Growth Slows Sharply On Covid-19

India's economic growth slowed sharply in the three months to March, partially reflecting the coronavirus-triggered country-wide lockdown that began towards the end of the quarter, official data showed on Friday. Gross domestic product grew 3.1 percent...

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

Trump Lashes Out At China, To Eliminate Special Status For Hong Kong

President Donald Trump lashed out at China during a highly anticipated press conference on Friday, accusing the communist country of breaking its promises with the U.S. and other nations around the world. Trump harshly criticized China's handling of...

Twitter Flags Trump's Tweet "glorifying Violence"

Trump Threatens To Shut Social Media Platforms Following Twitter Alerts

TSX Ends Session Moderately Lower, But Gains 1.86% In Week

The Canadian stock market ended weak on Friday after languishing in negative territory right through the day's session as weak economic data hurt sentiment.

U.S. Stocks Close Mostly Higher Following Trump Press Conference

European Stocks Close Sharply Lower As U.S.-China Tensions Escalate

COVID-19: Drugs in Development

The Week That Was: MRK Enters COVID Space, GSK's 1Bln Dose Target, Roche, GILD Team Up For REMDACTA

Pliant Therapeutics To Debut On Nasdaq On June 3

U.S. Stocks Close Mostly Higher Following Trump Press Conference

Trump Lashes Out At China, To Eliminate Special Status For Hong Kong

India Economic Growth Slows Sharply On Covid-19

Twitter Flags Trump's Tweet "glorifying Violence"

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

U.S. Stocks Move Moderately Lower Ahead Of Trump Press Conference

Crypto-exchange Gemini Integrates With Samsung Blockchain Wallet

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

Asian Markets Mostly Higher

Asian stock markets are mostly higher on Monday despite the lackluster cues from Wall Street Friday amid concerns over rising U.S.-China tensions. Optimism about a recovery in growth following the reopening of economies and hopes about more stimulus measures by global central banks helped lift stocks.

European Economics Preview: Germany Ifo Business Confidence, GDP Data Due

Business sentiment and revised quarterly national accounts from Germany are due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's quarterly national accounts for the first quarter. According to initial estimate, the economy had contracted 2.2 percent sequentially, the fastest fall since the global financial crisis in 2008-09.

European Shares Seen Opening On Firm Note

European stocks are seen opening higher on Monday as investors react to reports that Japan is looking to lift a state of emergency for Tokyo and remaining areas and also considering fresh stimulus worth almost $1 trillion to help companies ride out the...

Germany GDP Shrinks At Fastest Pace Since 2009

The German economy contracted at the fastest pace since the global financial crisis, as initially estimated, due to the coronavirus pandemic, revised data from Destatis showed on Monday. Gross domestic product fell 2.2 percent sequentially, the biggest fall since the first quarter of 2009 and the second biggest since the German unification. The rate came in line with the estimate.

White House

Trump Lashes Out At China, To Eliminate Special Status For Hong Kong

Trump Signs Executive Order Targeting Social Media After Twitter Fact-checking Controversy

Congress

Economy

U.S. Personal Income Unexpectedly Spikes Due To Stimulus Checks

Reflecting the distribution of stimulus checks by the federal government, the Commerce Department released a report on Friday unexpectedly showing a substantial increase in U.S. personal income in the month of April. The Commerce Department said personal income spiked by 10.5 percent in April after tumbling by a revised 2.2 percent in March.

Eurozone Inflation Nears Zero, Lowest Since Mid-2016

European Economics Preview: Eurozone Flash Inflation Data Due

U.S. Pending Home Sales Plummet More Than Expected In April

U.S. Durable Goods Orders Show 17.2% Nosedive In April

U.S. Initial Jobless Claims Drop To 2.123 Million

Eurozone Economic Confidence Signals Recovery

Health

US COVID-19 Daily Infection Rate Climbs Back To Above 20000

After a week's lull in the number of people getting infected from coronavirus in the United States, the daily infection rate has climbed back to above 20,000. With 23051 new cases reporting in the last 24 hours, the total number of infections in the country rose to 1,721,926 as of John Hopkins University's 6:00 a.m. ET update Friday.This is 4374 more cases than what was reported in the previous d

Markets

TSX Ends Session Moderately Lower, But Gains 1.86% In Week

The Canadian stock market ended weak on Friday after languishing in negative territory right through the day's session as weak economic data hurt sentiment.

Business

At The ASCO: ONCY, IMV, CRDF, GILD, TAK…

Here's a quick look at some of today's ASCO presentations.

Stock Alerts NEW

Stock Alert: Overstock.com Climbs 8%

Stock Alert: Canopy Growth Tumbles 18% On Earnings Miss, Uncertain Outlook

Stock Alert: Repay Holdings Spikes 8%

Stock Alert: Williams-Sonoma Hits New 52-week High

Stock Alert: Zscaler Touches New High On Upbeat Results

Latest Updates on COVID-19

First Covid-19 Contact Tracing App With Apple-Google Technology Launched

Merck Inks Deals, Joins Coronavirus Vaccine Race

US Coronavirus Infections Rise For Third Day; To Above 25000

Global COVID-19 Cases Top 5 Million

Coronavirus Daily Infection Rate Returns To 20000-plus Mark In US

Countries that tamed coronavirus

COVID-19: Drugs in Development

Cryptocurrency

Crypto-exchange Gemini Integrates With Samsung Blockchain Wallet

Gemini, a crypto-exchange and custodian owned by Internet entrepreneur twins Cameron and Tyler Winklevoss, has teamed up with Samsung Blockchain to integrate the Samsung Blockchain Wallet. Gemini claims to be the first U.S. crypto exchange and custodian to integrate the wallet. 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

FDA Oks AbbVie's Oriahnn To Treat Heavy Menstrual Bleeding Associated With Fibroids In Women

AbbVie (ABBV), in cooperation with Neurocrine Biosciences Inc. (NBIX), said that the U.S. Food and Drug Administration approved Oriahnn capsules, co-packaged for oral use, for the management of heavy menstrual bleeding associated with uterine leiomyomas... Read More

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Economic Calendar

Date	Indicator	Period	Country
05/31/20	Current Account Balance - BoP	Q2	Thailand
05/29/20 13:0	Baker Hughes - Rig Count	MAY 29	United States
05/29/20 10:0	Univ. of Mich. Consumer Confidence Index	MAY	United States
05/29/20 9:45	Chicago PMI	MAY	United States
05/29/20 8:30	GDP (M-o-M)	MAR	Canada
05/29/20 8:30	Industrial Product Price (Y-o-Y)	APR	Canada

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FDA Calendar

Event Date	Symbol	Drug Name	Event Name
08/29/20	RHHBY	Satralizumab (NDA)	FDA decision on Satralizumab for the treatment of Neuromyelitis optica spectrum disorder
08/28/20	LPCN	TLANDO (resubmitted NDA)	FDA decision on TLANDO as testosterone replacement therapy in adult males for conditions associated with hypogonadism
08/24/20	PTCT	Risdiplam (NDA)	FDA decision on Risdiplam for the treatment of spinal muscular atrophy
08/24/20	RHHBY	Risdiplam (NDA)	FDA decision on Risdiplam for spinal muscular atrophy
08/22/20	TCDA	Veverimer (NDA)	FDA decision on Veverimer for treatment of patients with chronic kidney disease

View All

Bond Markets Treasuries Move Notably Higher As Trump Holds Press Conference On China Read More	Commodities Oil Futures Settle Sharply Higher Gold Futures Settle Notably Higher Gold Ticks Higher Amid US-China Tensions Oil Prices Fall On Concerns Over US Fuel Demand Read More	Earnings Tencent Reportedly In Talks To Invest $200 Mln In Warner Music Stock Alert: Overstock.com Climbs 8% Stock Alert: Canopy Growth Tumbles 18% On Earnings Miss, Uncertain Outlook Stock Alert: Repay Holdings Spikes 8% Read More
IPOs Pliant Therapeutics To Debut On Nasdaq On June 3 Warner Music Group Launches IPO - Quick Facts Read More	Mergers & Acquisitions Cresco Labs To Buy Four Medical Marijuana Dispensaries In Ohio From Verdant Creations Saint-Gobain Completes Sale Of Sika Stake For CHF 2.56 Bln - Quick Facts Barry Callebaut To Buy Australia's GKC Foods; Financial Terms Not Disclosed Torstar To Be Taken Private By Nordstar Capital In C$0.63/share Cash Deal Read More	Industries The Week That Was: MRK Enters COVID Space, GSK's 1Bln Dose Target, Roche, GILD Team Up For REMDACTA Pliant Therapeutics To Debut On Nasdaq On June 3 Twitter Flags Trump's Tweet "glorifying Violence" Crypto-exchange Gemini Integrates With Samsung Blockchain Wallet Read More