Moderna, Pfizer, and Zoom Among Gainers as New Covid-19 Variant Rout Markets
(WSJ) S&P 500 futures fell about 1.6%, while the Dow Jones Industrial Average traded 2.2% lower on Friday on fresh concerns of the spread of a new strain of coronavirus…
Merck Falls as Updated Efficacy Results of Covid-19 Pill Scores Lower
(Merck) Merck stock fell more than 3% on Friday in premarket after an updated study of its investigational oral antiviral pill, molnupiravir, against COVID-19 showed lower efficacy rates. A MOVe-OUT…
Pinduoduo Tumbles as Revenues in Q3 2021 Miss Estimates
(Pinduoduo) Pinduoduo shares fell more than 17% in premarket on Friday after the company reported a revenue of RMB21.51 billion or US$13.34 billion in the third quarter of 2021. The…
Crypto Crash Takes BTC to a 6-Week Low on Virus Fears
Bitcoin traded at below $55,000, a six-week low on Friday as massive liquidations that occurred within an hour wiped out more than $300 million in crypto value. Bitcoin traded above…
SoftBank Tumbles as China’s Regulators Advise Didi to Exit US Public Markets
(Bloomberg) Shares of SoftBank Corp. fell more than 5% in Tokyo as the Cyberspace Administration of China asked Didi Global Inc. to come up with a plan to delist from…
The Sandbox Becomes the Latest High Profile Blockchain Joining Request Finance
(Cointelegraph) Metaverse giant, The Sandbox will start using Request Finance Invoicing for all its payments, including fiat-crypto invoicing, bookkeeping, and payroll. Sandbox made the decision to use Request Invoicing to…
Adidas Signals Metaverse Ambitions in Sandbox, Coinbase Partnership
(Bitcoinist) Apparel brand Adidas announced a collaboration with Coinbase and The Sandbox in a move seen to signal forays into blockchain and booming metaverse space. Adidas did not reveal the…
BRD Token Surges 500% on Acquisition of the Crypto Wallet by Coinbase
(Twitter) BRD’S utility token rose up to 500% after Coinbase said it had acquired the crypto wallet in an undisclosed amount. BRD customers will continue transacting as usual, but will…
Kaisa Stock Jumps on News of Debt Restructuring Plan
(CNBC) Shares of Hong Kong-listed property developer Kaisa rose up to 20% in pre-market on Thursday, after the company said it was in talks to repay investors amid looming default.…
US Jobless Claims Fall by 71,000 to Mark the Lowest Level Since 1969
(Department of Labor) US jobless claims in the week that ended November 20 was 199,000, down by 71,000 from the previous week and the lowest since November 15, 1969. The…
Canada’s Tokens.com Invests $2.5M of Decentraland’s Virtual Land
(Tokens.com) Canadian investment firm Tokens.com has acquired almost a $2.5 million stake of virtual real estate on Decentraland. Tokens.com bought 116 parcels of virtual land worth 618,000 MANA, which serves…
Rest Super Okays Crypto Allocation in the First Move by a Major Australian Pension Fund
(Business Insider) Rest Super CIO Andrew Lill has approved a small portion of the pension fund to crypto-assets, paving the way for the first exposure to the asset class by…
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