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Every investor in Mylan, Inc. (NASDAQ:MYL) should be aware of the most powerful shareholder groups. Insiders often own...
Goldman Sachs has a new title it may have to live with: America’s riskiest big bank, according to the Federal Reserve. This week the Fed slapped Goldman with a total capital requirement higher than any other US bank, thanks to a large “stress capital buffer” the regulator wants all banks to maintain to see them through the severest of shocks. The resulting requirement for tier 1 common equity — largely generated from retained profits and share sales — is at least 13.7 per cent of Goldman’s risk-weighted assets.
Walmart (NYSE: WMT) is stepping up as so many other major corporations have during the COVID-19 pandemic. The retailer announced it will be working with Tribeca Enterprises, a Robert De Niro backed media company, to transform 160 of its store parking lots into drive-in movie theaters for 320 total showings across the country this summer. It has also teamed up with celebrities to create Camp by Walmart to, as the company said, "bring summer fun to kids across the country through a new camp designed for the internet."
Walmart (WMT) closed the most recent trading day at $119.21, moving -0.4% from the previous trading session.
Biogen (NASDAQ: BIIB) shares slid 12.9% in June, according to data provided by S&P Global Market Intelligence, as the company lost a patent ruling on its blockbuster multiple sclerosis (MS) drug. In a challenge involving rival Mylan, a federal court in West Virginia invalidated Biogen's Tecfidera patent. The decision clears the way for rival Mylan to bring a generic competitor to market.
Wells Fargo & Company (NYSE: WFC), as previously announced, will report its second quarter 2020 earnings results on Tuesday, July 14, 2020, at approximately 5 a.m. PT (8 a.m. ET). The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
Walmart (WMT) is teaming up with Tribeca Enterprises to offer a drive-in movie experience. It is converting 160 store parking lots to contact-less theatres.
Target (NYSE: TGT) is adding groceries to its curbside pickup program, Drive Up. After successful tests in Minneapolis, Target expanded grocery pickup to 400 stores in the Midwest, and it plans to cover all 1,500 stores by the holidays. While all of e-commerce is growing rapidly amid the coronavirus pandemic, online grocery sales have led the way.
Shares of Shopify (NYSE: SHOP) gained 25.3% in June, according to data from S&P Global Market Intelligence. Walmart announced on June 15 that it would feature select Shopify stores on its third-party online retail marketplace -- a development that could have big implications for the competitive landscape in the e-commerce space. Walmart is investing to build its online retail business, and bringing products from Shopify stores on to its e-commerce platform could help both companies challenge Amazon.com's dominance in the space.
(Bloomberg) -- Wells Fargo & Co. is pulling back from student lending as the U.S. surge in coronavirus cases threatens to further disrupt higher education and the broader U.S. economy.The firm, which has been reviewing businesses under new Chief Executive Officer Charlie Scharf, said student loans for the upcoming academic year will be granted only to people who submitted applications before July 1 or to customers who already have an outstanding balance on a prior student loan from the bank.“Wells Fargo has decided to narrow its student-lending focus,” Manuel Venegas, a spokesperson for the bank, said in a statement.The pandemic is disrupting academic programs and undermining the ability of many borrowers to repay as it halts commerce and costs tens of millions of Americans their jobs. Already, more than 40 million student-loan accounts were in deferment as of mid-June, according to Equifax.San Francisco-based Wells Fargo had a $10.6 billion private student-loan book at the end of the first quarter -- a portfolio that’s been shrinking in recent years. Private makes up about $130 billion of the $1.7 trillion student-debt pie, according to data provider MeasureOne.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW ORLEANS, July 03, 2020 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Mylan N.V. ("Mylan" or the "Company") (NASDAQ: MYL) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Mylan securities between February 16, 2016 and May 7, 2019, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/myl.
Walmart joins Tribeca Enterprises to bring drive-in movies to parking lots in August, plus films and comedy shows to the Rose Bowl through July.
Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity, but a surge in coronavirus cases in the United States kept a lid on stronger gains. Mainland Chinese shares, which were among the best performers over the past month, extended gains, with the Shanghai composite index hitting a high last seen in April 2019. China's services sector expanded at the fastest pace in over a decade in June, the Caixin/Markit services Purchasing Managers' Index (PMI) showed, as the easing of coronavirus-related lockdown measures revived consumer demand.
Asian stocks were likely to track a firmer Wall Street session on Friday after strong U.S. jobs data although growing Sino-U.S. tensions and a worrying surge in coronavirus cases is likely to cap gains. E-mini futures for the S&P 500 rose 0.14%. "While June data reflected a big improvement in the U.S. labor market, the recent sharp acceleration in new virus cases plus the prospect of an end to unemployment benefits by the end of July are two big layers of uncertainty," said NAB Markets analyst Rodrigo Catril, adding that the uptick in U.S. cases could mean extended headwinds for the labor market.
New York, New York--(Newsfile Corp. - July 2, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Wells Fargo & Company (NYSE: WFC) alleging that the Company violated federal securities laws.Class Period: April 5, 2020 and May 5, 2020Lead Plaintiff Deadline: August 3, 2020Learn more about your recoverable losses in DNK:http://www.kleinstocklaw.com/pslra-1/wells-fargo-company-loss-submission-form?id=7750&from=5The filed complaint alleges that Wells Fargo & Company made materially false and/or ...
Goldman Sachs came out with a note saying that making mask wearing mandatory could prevent a 5% hit to GDP. Yahoo Finance’s The Final Round panel discusses how the private sector has been left regulating mask wearing in the United States.
New York, New York--(Newsfile Corp. - July 2, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC) of the August 3, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.If you invested in Wells Fargo stock or options between April 5, 2020 and May ...
New York, New York--(Newsfile Corp. - July 2, 2020) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Mylan N.V. ("Mylan" or the "Company") (NASDAQ: MYL) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Mylan securities between February 16, 2016 and May 7, 2019, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by ...
New York, New York--(Newsfile Corp. - July 2, 2020) - Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Wells Fargo & Company (NYSE: WFC) ("Wells Fargo" or "the Company") on behalf of shareholders who purchased Wells Fargo securities between April 5, 2020, and May 5, 2020, inclusive (the ''Class Period''). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/wfc. ...
The U.S. State Department warned top American companies including Walmart Inc, Apple Inc and Amazon.com Inc over risks faced from maintaining supply chains associated with human rights abuses in China's western Xinjiang province, according to a letter seen by Reuters on Thursday. "It is critical that U.S. companies and individuals be aware of the large-scale human rights abuses perpetrated by the PRC government in Xinjiang," Keith Krach, Undersecretary of State for economic growth, energy and the environment wrote on July 1.