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Moderna, Peloton, Microsoft: Stocks That Defined the Week

Moderna, Peloton, Microsoft: Stocks That Defined the Week
05/07/2021 | 04:56pm EDT
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Moderna Inc.
Moderna wants to inject its Covid-19 vaccine deeper into sicker parts of the developing world. The drugmaker said Monday that it will supply 34 million doses in the fourth quarter of 2021 to the World Health Organization-backed Covax initiative, an international program that distributes free shots to poorer nations. The announcement comes as countries such as India and Brazil report record numbers of deaths amid a surge of coronavirus infections. Moderna shares rose 4% Monday.
Microsoft Corp.
Two of the world s richest people are ending their marriage after 27 years. The announcement from Microsoft co-founder Bill Gates and his wife, Melinda Gates, who is co-chair of their philanthropic foundation, came on their Twitter accounts Monday. They filed a divorce petition in Washington state on Monday that indicated t ....

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Tesla, Procter & Gamble, Apple: Stocks That Defined the Week

Apple Inc.
A podcast fight between Apple and Spotify Technology SA is getting louder. Apple unveiled new products Tuesday that include a subscription podcast service, while Spotify has said it plans to launch a subscription-podcasting model. The music-streaming company has been among Apple s most prominent corporate critics; it claims Apple uses its strength to compete unfairly, a charge the tech company denies. Apple shares lost 1.3% Tuesday, and Spotify shares fell 3.3%.
GameStop Corp.
It is game over for GameStop s chief executive. George Sherman will leave his post by July 31, the latest in a series of changes to the videogame retailer s leadership team since Chewy Inc. co-founder Ryan Cohen became a board member. Mr. Sherman has been leading the company since April 2019. GameStop agreed to allow Mr. Sherman to retain more than one million shares of restricted stock, worth nearly $175 million as of Friday, as part of a separation agreement. T ....

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J&J, Morgan Stanley, Coinbase: Stocks That Defined the Week

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Dow Jones
By Francesca Fontana
Johnson & Johnson
Johnson & Johnson s rollout of its Covid-19 vaccine has hit another snag. U.S. health authorities Tuesday recommended a pause in the use of J&J s shot after finding that six women who got the vaccine had developed blood clots and one died. The development comes after a quality lapse at a manufacturer recently affected about 15 million doses of the vaccine s main ingredient. J&J shares added 0.3% Wednesday.
Microsoft Corp.
Microsoft is extending its run of big acquisitions. The tech giant has agreed to buy artificial-intelligence company Nuance Communications Inc. The $16 billion all-cash deal is Microsoft s second-largest acquisition under Chief Executive Satya Nadella, after the company in 2016 spent about $26 billion for professional network LinkedIn. The pursuit of Nuance comes as rivals Facebook Inc., Amazon.com Inc. and Alphabet Inc. s Google might b ....

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Extended Stay America, AstraZeneca, JPMorgan Chase: Stocks That Defined the Week

Extended Stay America, AstraZeneca, JPMorgan Chase: Stocks That Defined the Week
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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ViacomCBS, GameStop, AMC: Stocks That Defined the Week

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Dow Jones
By Francesca Fontana
ViacomCBS Inc.
A new British invasion is generating a princely sum for some American entertainment companies. About 17.1 million people tuned in on March 7 to watch Oprah Winfrey s interview with Prince Harry and Duchess of Sussex Meghan Markle on the ViacomCBS-owned CBS network, which paid a licensing fee between $7 million and $9 million. Ms. Winfrey is also working with Prince Harry on a special about mental health for Apple TV+. ViacomCBS shares rose 13% Monday.
Dick s Sporting Goods Inc.
The late stages of the pandemic will test the stamina of Dick s Sporting Goods. The retailer said on Tuesday that it expects sales to ease this year after last year s growth, fueled by strong demand for at-home fitness equipment during lockdown. Like other retailers, Dick s strengthened its e-commerce operation last year to continue to reach shoppers adjusting to new work and lifestyl ....

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