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Pfizer Stock Rises on Study of Oral Covid-19 Prevention Drug

Pfizer says it will test an oral antiviral designed to prevent Covid-19.

NYSE Lead

Stock Futures Mixed As Oil Rally Boosts Dow, Treasury Yield Surge Clips Tech

A three-year high for oil prices has the Dow trading higher Monday, but rising Treasury yields, and a looming global power crisis, are holding down broader gains on Wall Street.

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Premarket Movers Monday - Carnival, Tesla, Airbnb, Pfizer

Stocks moving in premarket trading Monday include Carnival, Tesla, Airbnb, Pfizer and Occidental Petroleum.

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Q&A With ARRC Chairman Tom Wipf: The Shift to Term Secured Overnight Financing Rate

Leading up to June 2023, $225 trillion of LIBOR contracts will transition to SOFR. “We describe it as this barge of liquidity waiting at harbor,” ARRC Chairman Tom Wipf tells us in an interview.

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Polestar Plans Nasdaq SPAC Listing That Values EV Maker At $20 Billion

Polestar, a Swedish EV maker that includes Leonardo DiCaprio as one of its early investors, will go public via a $20 billion SPAC listing on the Nasdaq.

Rolls-Royce Says Business as Usual After Brexit Vote Despite Prior Warnings

Rolls-Royce Beats Raytheon To $2.6 Billion B-52 Engine Contract With U.S. Air Force

British engineering group Rolls-Royce will make new engines for the USAF's B-52 Stratofortress bomber at its U.S. manufacturing base in Indianapolis.

Wall Street Lead

Stocks Mixed, Oil Leaps, Pelosi Gambles and Germany Votes - 5 Things You Must Know

Stock futures mixed amid energy rally, Pelosi sets Thursday vote on $1 trillion infrastructure bill; Oil prices hit 3-year high near $80 a barrel; Germany elections fail to deliver Merkel's successor; Wall Street week ahead.

China Power Firms Suspend Publication Of Coal Data, Frustrating Analysis Of Industrial Production

Jim Cramer's Read on Industrial Production

Latest data remains encouraging for economy.