NVAX Oct 2024 5.000 call
- Yahoo Finance Video
Biden's reported tariffs, Novavax and Sweetgreen shares: Yahoo Finance
The Dow Jones Industrial Average (^DJI) is holding on to gains as best as it can ahead of Friday's session close, in the hopes of extending its May win streak. Taiwan Semiconductor Manufacturing Company (TSM) shares are steadily moving in the green after reporting a 60% sales jump in April for its AI chips. As the Biden administration prepares to report on the status of US trade tariffs on China, Wall Street is listening closely as to whether possible policy changes could impact high-demand sectors, specifically semiconductor and electric vehicle manufacturers. Yahoo Finance's other top trending tickers include Novavax (NVAX), Sweetgreen (SG), SoundHound AI (SOUN), GameStop (GME), and Arista Networks (ANET). Key guests include: 3:05 p.m. ET - Dan Skelly, Morgan Stanley Wealth Management Managing Director, Head of Market Research and Strategy Team 3:50 p.m. ET - Chris Graja, Argus Research Senior Analyst, and Chad Morganlander, Washington Crossing Advisors Senior Portfolio Manager 4: 10 p.m. ET - Chris Hulls, Life360 CEO 4:30 p.m. ET - Bruce Smith, Hydrow Founder
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Novavax shares skyrocket on $1.2 billion Sanofi vaccine deal
Novavax (NVAX) shares are skyrocketing after announcing a $1.2 billion deal with Sanofi (SNY) to commercialize a combined COVID-19 and flu shot. Yahoo Finance's Anjalee Khemlani joins The Morning Brief to report more on the story. The Novavax-Sanofi deal also includes co-commercialization of the COVID-19 vaccine currently on the market. Novavax will be entitled to an additional $200 million for any new vaccines involving its adjuvant. Sanofi will receive a minority stake of less than 5% in Novavax and will invest $70 million. Shares of Novavax jumped more than 120% following the news. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
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Stock markets, China tariffs, Novavax and Sanofi: 3 Things
The major stock market indexes (^DJI, ^IXIC, ^GSPC) are on the road to closing out the first full trading week of May on a high note, alongside several of its European counterparts: the FTSE 100 (^FTSE), the DAX Performance Index (^GDAXI), and the CAC 40 (^FCHI). President Biden is reportedly set to announce updates on Trump-era trade tariffs on China. Novavax (NVAX) shares are skyrocketing over 110% on news of the biotech company's plans to licensing deal with Sanofi (SNY, SAN.PA) to co-commercialize its COVID-19 vaccine For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
