After the announcement of Beyond Meat Inc (BYND) earnings report and strategic partnerships with McDonald’s and Yum! the stock has closed at a loss on Thursday. What does the future look like for the plant based burger company?
Warren Buffett is arguably the greatest investor alive today. He recently celebrated his 90th birthday as the fourth richest person in the world with Forbes estimating his net worth at $82.3 billion, this is more than the net worth of Tanzania! What is his trading strategy and how can we follow his phenomenal success?
After Monday’s breakthrough announcement by Pfizer, the 90% effective vaccine is dominating stock market news, but you must keep an eye out for other vaccines in the race. Pfizer’s vaccine doesn’t mean the game is over as pharma corps continue to compete to produce an effective vaccine suitable for distribution.
Today Pfizer has hit the headlines announcing their coronavirus vaccine with BioNTech giving hope to people across the world. The drug company Pfizer’s shares jumped 14% after the announcement of their vaccine, a true milestone in scientific history. The FTSE 100 followed suit, soaring by 5.5% immediately after the vaccine announcement, including shares in Informa soaring by 44% and International Airlines Group by 39%.
Stocks fell after a six-week high reversing a coronavirus recovery. Traders are no longer waiting for an agreement for the U.S. stimulus as it is expected the coronavirus aid package will be introduced after the November election. The International Monetary Fund warned an economic recovery will not be smooth until the virus is tamed as they prepare an annual meeting with the World Bank to discuss the worst economic recession since the Great Depression.