Moderna Plans to Raise Coronavirus Vaccine Doses up to 3 Billion by 2022
Moderna is funding plans to raise the global supply of COVID-19 vaccine to 3 billion doses by 2022, according to the company’s press release. The company has also raised its…
Facebook’s First Quarter Revenue +48% YoY
Facebook recorded a revenue of $26.171 billion in the first quarter of 2021, up 48% from the same quarter of 2020, according to the company’s press release. Diluted earnings per…
Apple Records a 54% Jump in Revenue in Q2 Ending March
Apple’s revenue rose by a record 54% year over year to $89.6 billion in the quarter ending March, according to the company’s press release. 67% of the quarter’s revenue was…
Zip Run Partners with AeroPay for Seamless Cannabis Delivery and Payments
Cannabis delivery entity Zip Run has partnered with payments platform AeroPay to accelerate cannabis supply, according to Benzinga. The partnership will start in Massachusetts before rolling out. The agreement will…
Snap Floats 0% Convertible Senior Notes to Raise $988.3 Million
Snap Inc. raised $988.3 million from $1 billion 0% convertible senior notes, according to Benzinga. The notes, due 2027, were issued in a secondary private institutional placement. The initial buyers…
Fed Expected to Remain Dovish Amid Promising Growth Prospects
U.S Federal Reserve is expected to keep fiscal support despite a favorable recovery outlook, according to Bloomberg. The dovish tone seeks to convey that despite the ongoing recovery, the coronavirus…
MicroVision Becomes the Next Reddit Inspired Trading Stock
Reddit inspired investors are piling into shares of MicroVision Inc. almost doubling its price in the past week, according to The Wall Street Journal. Similar to GameStop’s Reddit mania, most…
Huawei Revenues Plunge 16.5% as the Company Warns of a Challenging Year
China’s Huawei Technologies recorded a revenue of CNY152.2 billion or $23.46 billion in Q1 2021, down 16.5% year over year, according to the company’s press release. Revenues were hurt by…
Saudi Arabia Plans to Sell 1% of Oil Giant Aramco for About $19 billion
Saudi Arabia is seeking to sell 1% stake in Aramco to a ‘leading global energy company’ for close to $19 billion, according to Bloomberg. The deal aims to generate customer…
Markets Warm Up To Opportunities In Inflationary Environment
Reflation enthusiasts are warming up to reports showing that inflation expectations have risen to an eight-year high, according to Bloomberg. Coupled with economic recovery and more stimulus prospects, enthusiasm is…
Google’s Alphabet Revenues Jump 34% YoY on Online Ad Growth
Alphabet recorded $55.3 billion revenues in the first quarter, up 34% from a year earlier, according to the company’s press release. The company’s profit soared 162% from last year to…
Musk’s Tweet Reveals Why Tesla Sold 10% Worth of Bitcoin
Tesla wanted to show bitcoin’s liquidity and its qualities as a substitute to cash by disposing 10% of the crypto value, reports Bloomberg. Through a tweet, CEO Elon Musk said…
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