Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support
4 years ago

Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support

Live Mint  

US stocks rose on Wednesday, led by energy and material stocks, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The chances of a bigger stimulus check dimmed on Tuesday after Senate Majority Leader Mitch McConnell blocked a quick vote to back President Donald Trump's call to increase COVID-19 relief checks. The move resulted in Wall Street's three main indexes slipping from intraday record highs in the previous session, but investors hoped that a deal will get done eventually. Covid-19 vaccine developers like Inovio Pharmaceuticals, Pfizer Inc, BioNTech SE and Johnson & Johnson and Moderna Inc were mixed after approval of AstraZeneca's COVID-19 shot.

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COVID-19 vaccine sales push Moderna past expectations in Q2
2 years, 5 months ago

COVID-19 vaccine sales push Moderna past expectations in Q2

Associated Press  

Better-than-expected COVID-19 vaccine sales pushed Moderna past Wall Street’s second-quarter forecasts. Moderna shares surged Wednesday after the company also announced another $3 billion share buyback plan. Moderna’s vaccine sales in the second quarter represent a drop from the nearly $6 billion that the vaccine brought in during the year’s first quarter, when a virus surge through the United States pushed …

Pfizer keeps 2022 COVID-19 vaccine, pill sales outlook unchanged
2 years, 8 months ago

Pfizer keeps 2022 COVID-19 vaccine, pill sales outlook unchanged

Al Jazeera  

Pfizer shares fluctuated early Tuesday and were little changed at 9:35am in New York. Pfizer Inc. kept its outlook for annual sales of its Covid-19 vaccine and treatment, disappointing investors who looked for the products to continue driving growth. Through mid-April, Pfizer said it has clinched $32 billion in 2022 contracts for the shot, Comirnaty, and $22 billion for its …

Business Highlights: Volatile stocks, consumer confidence
2 years, 11 months ago

Business Highlights: Volatile stocks, consumer confidence

Associated Press  

___ Stocks end lower on Wall Street after another volatile day NEW YORK — Stocks closed lower on Wall Street Tuesday after another volatile day of trading. — U.S. consumer confidence declined this month as Americans became slightly less optimistic about their near-term financial prospects amid persistent inflation and the highly contagious omicron variant of the coronavirus. ___ GM to …

Wall Street closes sharply lower on new variant fear
3 years, 1 month ago

Wall Street closes sharply lower on new variant fear

Al Jazeera  

Investors, fearful of more lockdowns and travel bans, moved money into companies that largely benefitted from previous waves. Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The index was dragged lower by everything from banks, travel …

Asian shares rise but momentum fizzles on virus worries
3 years, 4 months ago

Asian shares rise but momentum fizzles on virus worries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares gained Tuesday, boosted …

Covid-hit stocks are surging on vaccination hopes
3 years, 7 months ago

Covid-hit stocks are surging on vaccination hopes

Live Mint  

Shares of airline, retail and hospitality companies, which have stagnated since the beginning of the year, have perked up recently, as investors expect a rebound in their fortunes as more Indians get vaccinated. Stocks of entertainment companies PVR Ltd, Eros International Media and Inox Leisure, which are still in the red since the beginning of the year, have gained 9.5%, …

Pfizer’s posts $4.9B 1Q profit as vaccine strategy pays off
3 years, 8 months ago

Pfizer’s posts $4.9B 1Q profit as vaccine strategy pays off

Associated Press  

Selling vaccines during a pandemic has boosted Pfizer’s bottom line and proven that a strategy it embarked upon over a decade ago is now paying off handsomely. The New York-based pharmaceutical giant reported Tuesday that it earned $4.9 billion in the first three months of the year and it dramatically raised its profit forecast for all of 2021 thanks to …

Shipments of Pfizer and Moderna COVID vaccines will increase by 7% next week after J&J shot paused
3 years, 8 months ago

Shipments of Pfizer and Moderna COVID vaccines will increase by 7% next week after J&J shot paused

Daily Mail  

The U.S. government is increasing its allocations of the Pfizer-BioNTech and Moderna coronavirus vaccine after federal agencies recommended a pause of the Johnson & Johnson vaccine. PFIZER: More than 10 million first and second doses of the Pfizer vaccine will be shipped next week, an increase from 9.4 million during the week of April 12 MODERNA: 7.4 million initial and …

Opening up the vaccine market
3 years, 10 months ago

Opening up the vaccine market

The Hindu  

Today, India completes nearly four weeks since it began administering the two COVID-19 vaccines — Covishield and Covaxin. Assuming true herd immunity is reached when 60% of the population develops antibodies against the virus, for a population of 1.3 billion, that would require over 780 million people to develop antibodies either naturally or through vaccines. If we assume that 400 …

Opinion: The right vaccination plan can speed up US economic recovery. Here’s what it should include
3 years, 11 months ago

Opinion: The right vaccination plan can speed up US economic recovery. Here’s what it should include

CNN  

Editor’s Note: Sachiko Ozawa is an associate professor at the University of North Carolina at Chapel Hill in the Eshelman School of Pharmacy and adjunct associate professor in Maternal and Child Health at the Gillings School of Global Public Health. Below are five important vaccination considerations for federal, state, and local governments to maximize the economic recovery: Prioritize vaccinating teachers …

U.S. Economy Slows Sharply As Pandemic Resurges
3 years, 11 months ago

U.S. Economy Slows Sharply As Pandemic Resurges

NPR  

U.S. Economy Slows Sharply As Pandemic Resurges Enlarge this image toggle caption Frederic J. Brown/AFP via Getty Images Frederic J. Brown/AFP via Getty Images Updated at 1:12 p.m. "There's nothing more important to the economy now than people getting vaccinated," Federal Reserve Chairman Jerome Powell said Wednesday. Sponsor Message "The economy remains in a delicate spot," said Jim Baird, chief …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

Opinion: For investors, there’s plenty to be optimistic about in the year ahead
3 years, 11 months ago

Opinion: For investors, there’s plenty to be optimistic about in the year ahead

CNN  

Editor’s Note: Shawn Snyder is the head of investment strategy for Citi Personal Wealth Management. As more Covid-19 vaccines are becoming readily available, 2021 offers renewed optimism that we may expect a rebound of the economy – and of life in general. The rapid development and distribution of Covid-19 vaccines has been nothing short of extraordinary and should allow daily …

Quarterly Earnings, Vaccine Rollout Key Factors for Market This Week: Analysts
3 years, 11 months ago

Quarterly Earnings, Vaccine Rollout Key Factors for Market This Week: Analysts

News 18  

The domestic equity market will be largely guided by the ongoing quarterly earnings as well as global cues in the coming week and indices may witness volatility in the run-up to the Budget, according to analysts. Run-up to the Budget would also add to the volatility," said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd. Market experts …

Approval of Vaccine Lends Strength to Optimism, India Witnessing V-shaped Recovery: FinMin Report
4 years ago

Approval of Vaccine Lends Strength to Optimism, India Witnessing V-shaped Recovery: FinMin Report

News 18  

Approval of the long-awaited COVID-19 vaccine provides strength to the optimism on health and economic fronts, the Finance Ministry said in its monthly economic report. “The effective management of COVID-19 spread despite the festive season and onset of the winter season, combined with sustained improvement in high-frequency indicators and V-shaped recovery along with easing of lockdown restrictions distinguish Indian economy …

Asian stocks rise after Wall Street hits new high
4 years ago

Asian stocks rise after Wall Street hits new high

Associated Press  

BEIJING — Asian stock markets rose Monday on 2021’s first trading day, boosted by optimism about the rollout of coronavirus vaccines after Wall Street ended the year on a new high. Traders are “perhaps a bit over-eager” but believe vaccines will “provide the ultimate economic kick-start, offering a massive booster shot to corporate profits,” said Innes. On Wall Street, the …

Premarket stocks: Why the AstraZeneca vaccine is so important to the global economy
4 years ago

Premarket stocks: Why the AstraZeneca vaccine is so important to the global economy

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. They’re making loads of doses: AstraZeneca says it’s working with partners, including the Serum Institute of India, to build manufacturing capacity of up to 3 billion doses in 2021 on a rolling basis. Moderna said last month that it’s on track to manufacture 500 million to …

Donald Trump's coronavirus relief and government funding bill signing leads to Australian stock market rise
4 years ago

Donald Trump's coronavirus relief and government funding bill signing leads to Australian stock market rise

ABC  

Australia's share market has closed more than half a per cent higher on the back of the United States passing its long-awaited stimulus bill to help the country's economic recovery from COVID-19. Key points: Buy-now-pay-later company Afterpay hit another record high at $122 a share Beach Energy fell 4.3 per cent after it abandoned its Ironbark exploration well in Western …

Wall Street cheered by vaccine roll-out, mega M&A activity
4 years ago

Wall Street cheered by vaccine roll-out, mega M&A activity

Hindustan Times  

Wall Street’s main indexes rose on Monday as travel stocks surged on the launch of a nationwide Covid-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals. Cruise operators Carnival Corp and Royal Caribbean Cruises rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between …

Moderna Covid-19 vaccine progress lifts stock markets
4 years, 1 month ago

Moderna Covid-19 vaccine progress lifts stock markets

Hindustan Times  

A week after Pfizer announced that its Covid-19 vaccine was more than 90 per cent effective, Moderna also announced preliminary data from its late-stage trials that showed that its candidate has an efficacy of 94.5 per cent. Not only Moderna’s shares but US stocks also jumped nearing a record 30,000 on the Dow as announcement by Moderna comes amid rising …

Dow hits record high as Moderna data bolsters vaccine bets
4 years, 1 month ago

Dow hits record high as Moderna data bolsters vaccine bets

Live Mint  

The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Travel-related stocks including United Airlines Holdings Inc, American Airlines Group Inc, Carnival Corp and Norwegian Cruise Line Holdings Ltd, which have lost …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Dow futures jump 500 points as Moderna says its Covid vaccine is 94.5% effective
4 years, 1 month ago

Dow futures jump 500 points as Moderna says its Covid vaccine is 94.5% effective

Live Mint  

Futures tracking the S&P 500 and the Dow rose on Monday after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19, a week after Pfizer Inc reported positive results from its own late-stage trial. Moderna said its vaccine appears to be 94.5% effective, according to preliminary data from the company's still ongoing study. A week ago, competitor …

Markets are already pricing a successful Moderna vaccine shot
4 years, 1 month ago

Markets are already pricing a successful Moderna vaccine shot

Live Mint  

The stakes are high for the results of Moderna Inc.’s coming Covid-19 vaccine trial. The bar was raised for markets to rally following an announcement by Pfizer Inc. that its vaccine protected 90% of Covid-19 cases in a study, investors and strategists said. The success of Pfizer’s trial has “some spillover” to Moderna because of its technological similarities, said Feifei …

Wall Street update: US stocks slip on COVID-19 concerns
4 years, 1 month ago

Wall Street update: US stocks slip on COVID-19 concerns

Live Mint  

Futures tracking the S&P 500 and Dow fell on Thursday as US coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry …

Lagarde: Recovery could be stop-and-go despite vaccine news
4 years, 1 month ago

Lagarde: Recovery could be stop-and-go despite vaccine news

Associated Press  

FRANKFURT, Germany — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development. “While the latest news on a vaccine looks encouraging, we could still face recurring cycles of accelerating viral spread and tightening restrictions until widespread immunity is achieved.” She said “the recovery may not be …

Nasdaq set to jump as tech stocks snap back
4 years, 1 month ago

Nasdaq set to jump as tech stocks snap back

Live Mint  

Wall Street's main indexes were set to open higher on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week. Nasdaq 100 futures were up more than 1%, while technology mega-caps including Netflix Inc, Amazon.com Inc and Facebook Inc, the so-called stay-at-home winners, also gained …

Asian shares mostly higher as focus shifts to virus recovery
4 years, 1 month ago

Asian shares mostly higher as focus shifts to virus recovery

Associated Press  

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal. The flashpoint for all the moves was Monday’s announcement from Pfizer that a potential COVID-19 vaccine it’s developing with German partner BioNTech may be 90% effective, based on early but incomplete test results. Energy …

Asian stocks rise for 2nd day on coronavirus vaccine hopes
4 years, 1 month ago

Asian stocks rise for 2nd day on coronavirus vaccine hopes

Associated Press  

BEIJING — Asian stock markets rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life. On Wall Street, the benchmark S&P 500 index closed 1.2% higher on Monday after Pfizer Inc. said early data on a vaccine under development suggest it might be it …

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine
4 years, 2 months ago

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine

Huff Post  

A stock ticker with Pfizer stock information is shown at the New York Stock Exchange, Monday, Nov. 9, 2020. ASSOCIATED PRESS NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said …

As market hype around the US election ebbs, investors bet on covid vaccine
4 years, 2 months ago

As market hype around the US election ebbs, investors bet on covid vaccine

Live Mint  

London: Investors expecting an imminent COVID-19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic. "What we've done is given ourselves some optionality for a recovery trade, or a vaccine trade, by having some exposure to financials," said Binay …

Global markets skyrocket after Pfizer Covid-19 vaccine breakthrough, US election
4 years, 2 months ago

Global markets skyrocket after Pfizer Covid-19 vaccine breakthrough, US election

India Today  

Stock markets rocketed higher Monday after Pfizer said early data show its coronavirus vaccine is effective and investors breathed a sigh of relief after days of US presidential limbo ended with Democrat Joe Biden declared the president-elect. Markets were already sharply higher on the US election result when Pfizer said that data shows vaccine shots may be 90% effective at …

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious
4 years, 2 months ago

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious

CNN  

New York CNN Business — It was a wild day on Wall Street with stocks surging on Monday after Pfizer said its Covid-19 vaccine is 90% effective and Joe Biden was projected to be the winner of the presidential election over the weekend. “The strong results from the Pfizer vaccine were better than most expected and means we could be …

Global stocks are soaring on hopes of a coronavirus vaccine
4 years, 2 months ago

Global stocks are soaring on hopes of a coronavirus vaccine

CNN  

New York CNN Business — Global stocks and US futures surged on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90% effective. The vaccine “looks like the game-changing panacea the oil market has been waiting for,” chief global markets strategist at Axi, Stephen Innes said in a research note. …

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data
4 years, 3 months ago

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data

Live Mint  

Wall Street's main indexes jumped on Wednesday, led by industrials and technology-related stocks, as officials rekindled the idea of an imminent fiscal stimulus package, while upbeat data suggested a domestic economic recovery was on track. All 11 major S&P indexes were up, with energy also among the biggest gainers, as data showed U.S. private employers stepped up hiring in September, …

A Covid-19 vaccine won’t cure the global economy
4 years, 4 months ago

A Covid-19 vaccine won’t cure the global economy

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “In most scenarios in between, it is likely that containment measures, including social distancing and restrictions on some foreign travel, will remain in place for the foreseeable future.” The first challenge is the vaccine itself: The World Health Organization has said it would prefer a vaccine …

Covid-19 vaccine can mark a ‘big top’ for equity rally, says BofA
4 years, 4 months ago

Covid-19 vaccine can mark a ‘big top’ for equity rally, says BofA

Live Mint  

The announcement of a Covid-19 vaccine would likely mark the “big top” for the rally in stocks and credit markets, according to Bank of America Corp. With a surge in risk assets having recently pushed the S&P 500 Index to a record high, confirmation of a breakthrough along with a major recovery in jobs are needed to put a cap …

Won't cut corners in coronavirus vaccine race, says drugmaker Pfizer
4 years, 4 months ago

Won't cut corners in coronavirus vaccine race, says drugmaker Pfizer

India Today  

Drugmaker Pfizer, which has developed a coronavirus vaccine in collaboration with German's BioNTech SE, said on Friday that the company "will never submit a Covid-19 vaccine for approval or emergency use authorisation" until its scientists are sure of its safety and effectiveness. A report by the Center for Infectious Disease Research and Policy quoted the CEO of Pfizer, Albert Bourla, …

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share
4 years, 4 months ago

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share

Live Mint  

The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. Apple Inc gained 2.7% to cross $500 per share for the first time, providing the biggest boost to the three main stock indexes. Facebook Inc, Amazon.com Inc, Microsoft Corp and Google-parent …

Goldman boosts S&P 500 target by 20% as strategists catch up
4 years, 4 months ago

Goldman boosts S&P 500 target by 20% as strategists catch up

Live Mint  

Goldman Sachs Group Inc. is the latest firm to boost its year-end price target for the S&P 500, as a relentless rally off the March lows leaves strategist predictions in the dust. David Kostin raised his forecast for the benchmark US gauge to 3,600 from 3,000, joining the likes of Yardeni Research founder Ed Yardeni and RBC Capital Markets’ Lori …

Big tech stocks could fall sharply if there’s a vaccine
4 years, 5 months ago

Big tech stocks could fall sharply if there’s a vaccine

CNN  

New York CNN Business — Hopes are growing that a Covid-19 vaccine is coming. But Goldman Sachs thinks a vaccine might actually upend the stock market, which has continued to rally despite worries about a rise in cases in several key states. While a vaccine could boost the United States economy, it could also spur investors to dump the current …

Asia shares rise on vaccine hopes, tech rally on Wall Street
4 years, 5 months ago

Asia shares rise on vaccine hopes, tech rally on Wall Street

Associated Press  

Asian shares were mostly higher Tuesday on rising hopes for an effective vaccine to fight the coronavirus pandemic. A vaccine under development by colleagues of Dr. Anthony Fauci, the nation’s top infectious diseases expert at the National Institutes of Health, and Moderna Inc., will start its final testing around July 27. Overnight, U.S. technology and communication stocks and companies that …

Wall Street dips as virus fears drown out economy hopes
4 years, 6 months ago

Wall Street dips as virus fears drown out economy hopes

Associated Press  

NEW YORK — Wall Street careened through all the forces that have pushed and pulled it through the week, at first rising on Friday amid hope for the economy and then falling on worries about worsening coronavirus levels in some states, all before ending with modest losses. Also exacerbating volatility was Friday’s simultaneous expiration of contracts for stock options and …

Is the bear market over? Wall Street isn’t so sure
4 years, 7 months ago

Is the bear market over? Wall Street isn’t so sure

CNN  

New York CNN Business — America’s stock market is signaling the economy will rapidly recover from the coronavirus crisis. “The market is up very big, and I think you’re going to have a ‘V,’” Trump told reporters Monday. When asked if he anticipates a V-shaped recovery, Powell told “60 Minutes” that “it’s very plausible that the economy will take some …

This is the most expensive time to buy stocks since the bursting of the dot-com bubble
4 years, 7 months ago

This is the most expensive time to buy stocks since the bursting of the dot-com bubble

CNN  

New York CNN Business — The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic. “Concerns exist that we believe, and our client discussions confirm, investors are dismissing,” David Kostin, chief US equity strategist at Goldman Sachs, wrote in a recent note to clients. Goldman Sachs noted …

Wall Street rally loses steam after report on coronavirus drug trial; main US stock indexes trim gains
4 years, 8 months ago

Wall Street rally loses steam after report on coronavirus drug trial; main US stock indexes trim gains

Firstpost  

Wall Street was in positive territory on Thursday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial. All three main US stock indexes trimmed increases of over 1 percent, with the S&P 500 and Nasdaq briefly turning negative after the Financial Times reported that a Chinese …

Stocks end mixed after coronavirus drug did not improve patients
4 years, 8 months ago

Stocks end mixed after coronavirus drug did not improve patients

Al Jazeera  

Gilead said the results from the study were inconclusive as it was terminated early. The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomised clinical trial, denting earlier optimism that the impact of the pandemic on the United States labour market was nearing an end. “The …

Coronavirus vaccine expectations may be getting ahead of science
4 years, 8 months ago

Coronavirus vaccine expectations may be getting ahead of science

Live Mint  

A recovering US stock market may be pricing in too much optimism over the near-term potential of a vaccine to prevent the spread of the novel coronavirus. It typically takes several years to develop a vaccine, so 12 to 18 months looks “very ambitious,” Severin Schwan, Roche Holding AG’s chief executive officer said Wednesday on Bloomberg TV. While investors may …

Coronavirus drug makes investors optimistic, stock markets soar
4 years, 8 months ago

Coronavirus drug makes investors optimistic, stock markets soar

Deccan Chronicle  

London: Global equities surged Friday as reports of encouraging trials for a possible coronavirus drug injected optimism into investors. However, WTI oil prices tanked to $18.03 per barrel to strike a fresh 18-year low point, punished by crude oversupply and virus-hit weak energy demand. After the closing bell in New York, reports emerged of encouraging trials for potential coronavirus drug …

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