They should continue to be seen as [a] fundamental overweight on anything longer than a one-month horizon,' the bank said.

The size of Elliott's stake in Glaxo wasn't disclosed. Elliott is headed by iconic investor Paul Singer. Glaxo's shares rose.

German drugmaker CureVac will team with pharma giant GlaxoSmithKline to develop a new m-RNA coronavirus vaccine candidate.

CureVac says its covid vaccine candidate provided full protection of the lungs in animal testing.

CureVac, a German biotech listed on the Nasdaq, will accelerate the development of its coronavirus vaccine with pharma giant Bayer AG.

Bayer will make a total payment of $10.1 billion to $10.9 billion to settle the claims that Roundup caused cancer.

A federal appeals court rejects the EPA's permit to sell Bayer's dicamba-based XtendiMax.

Stock futures rise but gains are capped by lingering concerns over the spread of the coronavirus in China; Intel smashes earnings estimates and sees robust sales in 2020; Broadcom sees $15 billion in revenue from deals with Apple; Jamie Dimon's pay in 2019 rises to $31.5 million.

Bayer, which markets the weedkiller Roundup, is in talks to create what might become a $10 billion settlement of tens of thousands of cancer lawsuits.

The billionaire and crypto investor was in business with Voyager Digital which went bankrupt early July.

The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.

China is a crucial country for Tesla for its domination of the market of electric vehicles.