Europe

Dow drops on growing fears over coronavirus

27 days ago   |   By ABC News

U.S. stocks tumbled following a sell-off in markets in Europe and Japan Monday after China announced a sharp rise in cases of a deadly new virus that threatens to crimp global economic growth
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An obscure biotech stock skyrockets 38% after saying it's testing a coronavirus antibody

An obscure biotech stock skyrockets 38% after saying it's testing a coronavirus antibody

27 days ago   |   By Business Insider

Associated Press
Shares of Vir Biotechnology skyrocketed as much as 38% Monday as China's coronavirus spread.
The gains are a continuation from a rally that started Thursday, when the company announced it is testing "whether its previously identified anti-coronavirus monoclonal antibodies bind and neutralize 2019-nCoV," the Wuhan virus.
The company is also planning to utilize "whole genome CRISPR-based screening capabilities" to help identify the host receptor of the coronavirus infection.
"We don't know yet if these efforts will be successful, but we are working aggressively to find out...
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These 3 small pharmaceutical stocks are surging after announcing work on a coronavirus vaccine

These 3 small pharmaceutical stocks are surging after announcing work on a coronavirus vaccine

28 days ago   |   By Business Insider

Miguel Candela/SOPA Images/LightRocket via Getty Images
Shares of Inovio Pharmaceuticals, Moderna Inc., and Novavax Inc. all surged Monday as China's coronavirus spread further.
On Thursday, the Coalition for Epidemic Preparedness Innovations announced that it will provide as much as $11 million in funding to the three companies to develop new vaccines against the Wuhan strain .
Here's how much each company gained.
Read more ...

 


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