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Financial

Stocks making the biggest moves midday: Regeneron, CrowdStrike, AMC Entertainment

spike 4 months ago

A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York

Mike Segar | Reuters

Check out the companies making headlines in midday trading.

Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used Regeneron’s experimental antibody cocktail as part of his treatment for Covid-19. Cantor Fitzgerald upgraded the stock to overweight from neutral, citing potential growth from the antibody treatment and a dermatitis treatment.

CrowdStrike — Shares of CrowdStrike rallied more than 4% after Goldman Sachs upgraded

Business News

WHO is investigating whether coronavirus causes rare inflammatory disease in some kids

spike 9 months ago

The World Health Organization is investigating whether the coronavirus causes some children to develop a rare inflammatory disease, WHO officials said Wednesday.

Health officials in the U.K. warned doctors over the weekend that Covid-19 could be causing a rare inflammatory condition in children. Britain’s Pediatric Intensive Care Society said Monday the National Health Service alerted it to a small number of critically ill children presenting with “an unusual clinical picture.”

The society noted that many — but not all — of the children with symptoms of the new inflammatory disease had been diagnosed with Covid-19. The condition was likened to

Business & Finance

U.S. grocers add plexiglass sneeze guards to protect cashiers from coronavirus

spike 10 months ago

LOS ANGELES (Reuters) – Kroger Co, Walmart Inc, Albertsons and other grocery sellers are installing plexiglass partitions at checkout counters to protect cashiers from the highly contagious coronavirus.

Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles, California, U.S., March 30, 2020. REUTERS/Lucy Nicholson

The shields are designed to block virus-containing droplets – released by coughing, sneezing and speaking – that might otherwise hit cashiers, who interact with dozens of

Financial

Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal

spike 6 months ago

Copies of the Financial Daily newspaper featuring a front page report on Goldman Sachs Group Inc. are displayed for sale at a stand in Kuala Lumpur, Malaysia, on Tuesday, Dec. 18, 2018.

Nadirah Zakariya | Bloomberg | Getty Images

Goldman Sachs said Friday that it settled a key part of an international scandal by agreeing to a $3.9 billion deal with Malaysia to settle criminal and regulatory probes.

The bank will pay $2.5 billion in cash to the government of Malaysia for its central role in the 1MDB debacle and guarantee the country will receive at least $1.4 billion in

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