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MARKETS LIVE BLOG:

DOW POSTS 6TH DAY OF GAINS BUT NASDAQ SLIPS

Robinhood shares surge as company tops Wall St. estimates for quarterly profit, revenue

Company News for Jul 7, 2020

Zacks Equity Research
·1 min read

  • Berkshire Hathaway Inc.'s BRK.B shares gained 2.2% after agreeing to buy natural-gas transmission and storage assets of Dominion Energy Inc. D for nearly $10 billion including debt.

  • Shares of Uber Technologies Inc. UBER surged 6% following its decision to acquire food-delivery service provider Postmates for around $2.65 billion.

  • Shares of Regeneron Pharmaceuticals Inc. REGN rose 0.8% following the initiation of phase 3 clinical trial testing an antibody cocktail for the potential treatment of COVID-19.

  • SINA Corp.'s SINA shares jumped 10.6% after the company disclosed receiving a nearly $2.68 billion buyout bid from New Wave MMXV Ltd.



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Zacks Investment Research