Beyond Meat Shares Soar over 26% on Joint Partnership with PepsiCo
Beyond Meat shares rose as much as 31% in morning trading after forming a joint venture with PepsiCo. According to CNBC, the joint venture will create, produce, and market snacks…
Tesla, BMW, and Others Get EU Approval for $3.5 Billion State Aid for Battery Projects
The European Union cleared 42 companies, including Tesla Inc. and BMW AG, to get $3.5 billion state aid for battery projects, according to Bloomberg. The aid is expected to strengthen…
Twitter Seeks to Help Writers Monetize Content in Revue Acquisition
Twitter has acquired Revue, a service that makes it free and easy for anyone to start and publish editorial newsletters, according to the company’s blog report. The company aims to…
Johnson & Johnson Q4 Earnings Top Estimates, to Release Vaccine Details “Soon”
Johnson & Johnson reported revenue of $22.48 billion in the fourth quarter, more than expected $21.67 billion, according to the company’s press release. The company reported earnings per share of…
Hyundai Q4 Net Profit Jumps. EV, Luxury Vehicles to Drive Sales in 2021
Hyundai Motor Co. holiday-quarter profit rose 57% on increased demand for premium-margin SUVs despite overall sales volume down 5%, reports Reuters. The company expects sales in the U.S and China…
Blank-Check Dealmaker Chamath Doubles on SPACs in a Single Day Investment
On Monday, serial blank-check dealmaker Chamath Palihapitiya invested in smart lockmaker Latch Inc. and solar lender Sunlight Financial LLC, TechCrunch reports. The two companies went public via a special purpose…
Drawn-out Bear Market to Force a 30% Plunge in Stocks-David Tice
Long-time bear David Tice has warned investors to expect at least a 30% fall in stocks in a downturn that lasts two years, reports CNBC. Tice cites business-unfriendly policies from…
Moderna Vaccine has Neutralizing Activity against Covid Variants of U.K and S. Africa
Moderna studies showed its Covid vaccine retains neutralizing activity against emerging strains of SARS-CoV-2, according to the company’s press release. The vaccine neutralizes all key emerging variants, including B.1.1.7 and…
GameStop Defies Bear Bets to Maintain Gains. More than Doubles on Premarket
GameStop stock rose as high as $136.63 on Monday, up from Friday’s close of $65.01. According to Bloomberg, the parabolic rise showcases the divide between day traders and bears expecting…
World Economic Forum: Top Global Risks in 2021
Climate action failure is the world’s most concerning risk of 2021, according to a survey by the World Economic Forum. Climate action failure is only second to extreme weather and…
Facebook Led Big Tech Lobbying in 2020, Amazon Came Second
Facebook spent $19.68 million on lobbying in 2020, more than any other Big Tech company, according to CNBC. The social media giant increased its lobbying spending by 17.8% from 2019,…
Walmart Steps up Covid Vaccinations in More States
Walmart will provide COVID-19 vaccinations in seven more states, besides Chicago and Puerto Rico, this week and next, according to Reuters. The shots will be availed to specified populations decided…
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