Names on the move ahead of the open.
JPMorgan has led banks in releasing loan loss reserves that are no longer needed as the U.S. economic recovery gains pace.
The Nasdaq said on Tuesday that Coinbase’s reference price for its direct listing is $250, which would value the company around $65.3 billion (fully diluted).
Coinbase’s rich valuation is tied to bitcoin and ethereum prices, which are inherently volatile. But long-term bulls are betting on the “cryptoeconomy.”
Moderna said Tuesday that new data shows its vaccine is more than 90% effective at protecting against Covid-19 up to six months after the second dose.
The FDA and CDC recommended a pause in the use of J&J’s vaccine after six women developed a rare blood clotting disorder.
The supply of the two-shot vaccines from Pfizer and Moderna won’t be able to quickly make up the demand created by the J&J pause, Dr. Kavita...
All six cases occurred in women ages 18 to 48, with symptoms developing six to 13 days after they received the shot.
Morgan Stanley says positive earnings results should drive these 12 stocks “materially over the next 15-60 days.”
Gottlieb predicted that the move will nonetheless “fuel the hesitancy” from some people to get a Covid vaccine.