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Gilead sparks Wall Street rally

Video Credit: Reuters Studio - Duration: 01:20s - Published
Gilead sparks Wall Street rally

Gilead sparks Wall Street rally

U.S. stocks rose Friday as a positive analysis on Gilead Sciences Inc's antiviral drug to treat COVID-19 helped to soothe investor worries over a record rise in coronavirus cases in the United States.

Fred Katayama reports.

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Gilead Sciences American pharmaceutical company

Drugmaker Says Remdesivir Can Lower COVID-19 Death Risk By 62% [Video]

Drugmaker Says Remdesivir Can Lower COVID-19 Death Risk By 62%

The antiviral drug Remdesivir has proven to be effective in the treatment of COVID-19. According to UPI, the drug can lower the risk of death in COVID-19 patients by 62%. U.S. drugmaker Gilead Sciences reported the new data on Friday. Gilead said the results came from a comparative analysis among 312 patients in its Phase 3 clinical trial. There have been over 3.4 million confirmed cases of coronavirus in the U.S., with a death toll of 138,247 people.

Credit: Wochit News    Duration: 00:32Published
Gilead says remdesivir cuts death risk [Video]

Gilead says remdesivir cuts death risk

Gilead Sciences said Friday additional data from a late-stage study showed its antiviral remdesivir reduced the risk of death and significantly improved the conditions of severely ill COVID-19 patients. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:04Published
Gilead's remdesivir gets conditional EU clearance [Video]

Gilead's remdesivir gets conditional EU clearance

The European Commission said Friday it had given conditional approval for the use of antiviral drug remdesivir in severe COVID-19 patients. As Fred Katayama reports, that makes it the region's first authorized therapy to treat the virus.

Credit: Reuters Studio    Duration: 00:59Published
Gilead to Charge $3,120 Per Patient for Typical Covid-19 Treatment [Video]

Gilead to Charge $3,120 Per Patient for Typical Covid-19 Treatment

Gilead is the pharmaceutical company behind a drug that’s been approved for COVID emergencies. The FDA officially announced the medicine could be used in treating COVID-19 patients. Gilead has now announced the drug will cost $3,120 per typical treatment course for insured individuals. Research has indicated the drug could cut the recovery time for hospitalized COVID-19 patients. It could shorten satsy by several days, reports Gizmodo.

Credit: Wochit News    Duration: 00:35Published

Wall Street Wall Street Street in Manhattan, New York

BoA: Reasons To Buy Discount Store Stocks [Video]

BoA: Reasons To Buy Discount Store Stocks

Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.

Credit: Wochit News    Duration: 00:50Published
Stocks rise, Disney surges after hours [Video]

Stocks rise, Disney surges after hours

Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.

Credit: Reuters Studio    Duration: 01:28Published
AMC Theatres, Universal Pictures Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD | THR News [Video]

AMC Theatres, Universal Pictures Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD | THR News

Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.

Credit: The Hollywood Reporter    Duration: 01:27Published
Shopify Crushes Q2 Expectations [Video]

Shopify Crushes Q2 Expectations

On Wednesday, Shopify reported second-quarter earnings results that beat Wall Street's expectations for revenue. The company surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. Business Insider reports the Canadian e-commerce company has gained roughly 170% year-to-date.

Credit: Wochit News    Duration: 00:29Published
Jobless spike, stimulus fight spark stock drop [Video]

Jobless spike, stimulus fight spark stock drop

Wall Street dropped sharply on Thursday as investors fretted over the first weekly jump in jobless claims in months and a battle in Congress over the extension of a special unemployment payout. Conway G. Gittens has the action.

Credit: Reuters Studio    Duration: 01:52Published

Coronavirus disease 2019 Coronavirus disease 2019 Infectious respiratory disease caused by severe acute respiratory syndrome coronavirus 2

Union Home Minister Amit Shah tests negative for COVID-19, announces BJP MP Manoj Tiwary

Shah had tested positive for COVID-19 on August 2 and was admitted to a hospital in Delhi.
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At least 9 dead after fire breaks out at Covid facility hotel in AP's Vijayawada [Video]

At least 9 dead after fire breaks out at Covid facility hotel in AP's Vijayawada

A major fire broke out at a hotel in Andhra Pradesh's Vijayawada, killing at least nine people and trapping several others. The hotel - Swarna Palace - was being used as a Covid-19 facility. It was being used as a Covid care centre by Ramesh Hospitals. There were about 30 patients and 10 medical staff at the time of accident. Vijayawada police commissioner B Srinivasulu said that the control room was informed at around 5.15 am about the fire breaking out in the hotel. "We rushed tenders immediately and the fire was brought under the control now,” he said. About 17 patients were brought out safely using ladders. Two staff members jumped from hotel's second and third floors after the fire. So far, 9 bodies have been brought out and they were found to have died of suffocation. The rescue operations were underway till the reports last came in. Andhra Pradesh chief minister YS Jagan Mohan Reddy expressed shock and grief over the accident. Reddy has instructed officials to conduct an inquiry into the accident. He has also announced an ex gratia of Rs 50 lakh to each of the families of those killed in the hotel fire. State Governor Biswabhushan Harichandan expressed his condolences to the bereaved families.

Credit: HT Digital Content    Duration: 02:07Published

President Ram Nath Kovind condoles loss of lives in Vijayawada fire

"Struck with grief after hearing tragic news about COVID-19 care centre in Vijayawada where an accidental fire caused loss of lives. My thoughts and prayers are..
IndiaTimes

PM condoles loss of lives in fire incident at Vijaywada Covid facility

Prime Minister Narendra Modi has expressed anguish at the death of patients in a fire incident at a COVID facility in Andhra Pradesh's Vijaywada on Sunday.
IndiaTimes

Fred Katayama journalist

Crisis containment makes Europe alluring: strategist [Video]

Crisis containment makes Europe alluring: strategist

RiverFront Investment's Chris Konstantinos says investors should get exposure to Europe partly because it has done a good job of containing the health crisis, enabling manufacturing to rebound. He tells Reuters' Fred Katayama why Germany is particularly attractive.

Credit: Reuters Studio    Duration: 05:21Published
Uber rides plunge but food delivery doubles [Video]

Uber rides plunge but food delivery doubles

Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:21Published
Trim exposure to Apple, Microsoft: strategist [Video]

Trim exposure to Apple, Microsoft: strategist

Crossmark Global Investments' Victoria Fernandez is still bullish about tech stocks, but she says investors should take some profits on the big names. She tells Reuters' Fred Katayama investors should put the proceeds into Walmart, McCormick and JPMorgan Chase.

Credit: Reuters Studio    Duration: 04:46Published
Bezos sells Amazon shares worth $3.1 bln [Video]

Bezos sells Amazon shares worth $3.1 bln

Amazon.com Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:08Published

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