Moderna (MRNA) shares price us slightly up despite the investors’ concerns about stock sales. The stock has lost around $20 from its ATH of $80.
The Amazon CEO and world’s richest man Jeff Bezos together with other prominent investors participated in Series A fundraising worth $15 million for the UK startup Beacon.
Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer.
SpaceX announced that it had raised $346.2 million in its recent funding round, bringing the total raised since January 2019 to $1.7 billion. Today is the day Elon Musk’s SpaceX will launch its next level of human space exploration.
Tencent, one of China’s tech giants has allocated $70 billion to help the digital infrastructure growth of China as Beijing intensifies effort to digitize the economy.
JDE Peet’s is the largest IPO that’s been filed in the region this year, followed by the March flotation of Saudi eponymous health care company in Tadawul for $699 million.
Auto manufacturing giant Daimler plans to invest $480 million in Farasis IPO to produce batteries for use in electric cars. DAI stock is up today.
IBM and We.trade are strengthening their relationship to help the latter scale globally. We.trade CEO Ciaran McGowan says they are going to work closely together on Asia, Africa and Latin America.
Richard Branson will sell the Virgin Galactic shares “from time to time by means of ordinary brokers’ transactions.” Credit Suisse Group AG will manage the sale.
As it braces for the financial atmosphere after the coronavirus pandemic passes, N26 has pulled in new funding and is eyeing the Brazilian market.
Robinhood Financial LLC announces that it has raised $280 million in series F funding. With the new funds, Robinhood is planning to scale its platform by building new products.
With its mainnet release NEAR has launched its “first fully sharded, fully operational proof-of-stake blockchain platform” that allows users to create end-user applications atop the platform.
Warren Buffett’s Berkshire Hathaway refrains from any fresh buys during this market correction saying that the market is just not attractive enough to make new investments.
Berkshire Hathaway had a record $137 billion in cash and equivalent instruments on its balance sheet at the end of Q1 2020. Meanwhile, Warren Buffett has decided to sell the airlines stocks.
Block.one has granted numerous innovative companies that are developing solutions aimed at mitigating the impact of the coronavirus outbreak.