💉 French drugmaker Sanofi has agreed to produce 125 million doses of BioNTech and Pfizer's coronavirus vaccine in an unusual collaboration to speed vaccinations efforts in the EU. https://bloom.bg/3qZmpya
💸 GameStop has continued its skyward march in U.S. premarket trading after an Elon Musk tweet. The stock rose as high as $260, up 76% from the last close. https://bloom.bg/3cc8mBv
⛏ And the conviction of billionaire Beny Steinmetz has been hailed as a milestone in the fight against corruption in mining. But it's not clear whether he'll ever set foot in prison. https://bloom.bg/3sZy8Pe
💸 GameStop has continued its skyward march in U.S. premarket trading after an Elon Musk tweet. The stock rose as high as $260, up 76% from the last close. https://bloom.bg/3cc8mBv
⛏ And the conviction of billionaire Beny Steinmetz has been hailed as a milestone in the fight against corruption in mining. But it's not clear whether he'll ever set foot in prison. https://bloom.bg/3sZy8Pe
📈 In 11 hours of pure market mania, a new band of day traders sent a range of fringe stocks to gains of 100% or more. We tracked what happened in real time: https://trib.al/2utSoai
🤔 You might be wondering whether you should also buy GameStop, AMC and other Reddit-hyped stocks. This is what some financial pros say: https://trib.al/14AMN5I
🇨🇳 And in pandemic news: After strict border curbs, mass testing and hard lockdowns, China is using a new method to tackle coronavirus outbreaks: anal swabs. https://trib.al/az9KVer
🤔 You might be wondering whether you should also buy GameStop, AMC and other Reddit-hyped stocks. This is what some financial pros say: https://trib.al/14AMN5I
🇨🇳 And in pandemic news: After strict border curbs, mass testing and hard lockdowns, China is using a new method to tackle coronavirus outbreaks: anal swabs. https://trib.al/az9KVer
Bloomberg
In 11 Hours of Pure Mania, 100% Stock Gains Popped Up Everywhere
Even as the broader stock market sank, shares loved by day traders on Reddit soared.
🇬🇧 Britain may help the EU shore up its Covid-19 vaccine supplies as AstraZeneca faces severe disruption. The EU failed to convince the drugmaker to divert doses from the U.K. to make up for a production glitch in Europe. https://bloom.bg/39nYt1A
📈 GameStop resumed its rally in early U.S. trading, after a brief outage of the Reddit forum whose users have fueled the stock’s surge. The shares were up 24% at $431 at 6:15 a.m. New York time. The stock has advanced more than 1,700% this year.
https://bloom.bg/3ou8jmS
⛽ And oil and gas companies knew they would face a fight with President Joe Biden, who had campaigned on tackling climate change. But nobody expected fossil fuel to come under such an immediate attack. https://bloom.bg/3ooqH0n
📈 GameStop resumed its rally in early U.S. trading, after a brief outage of the Reddit forum whose users have fueled the stock’s surge. The shares were up 24% at $431 at 6:15 a.m. New York time. The stock has advanced more than 1,700% this year.
https://bloom.bg/3ou8jmS
⛽ And oil and gas companies knew they would face a fight with President Joe Biden, who had campaigned on tackling climate change. But nobody expected fossil fuel to come under such an immediate attack. https://bloom.bg/3ooqH0n
💹 Robinhood drew down some of its bank credit lines to ensure it has enough cash to clear trades, sources say. https://bloom.bg/2Yqot6o
In a Bloomberg TV interview, Robinhood CEO Vlad Tenev said the company did so to protect its financial position. Watch the clip below, or the full video here: https://bloom.bg/3r7q5hL
It’s tapped at least several hundred million dollars, a significant amount of money for a firm that was valued at about $12 billion a few months ago, according to one of the people.
In a Bloomberg TV interview, Robinhood CEO Vlad Tenev said the company did so to protect its financial position. Watch the clip below, or the full video here: https://bloom.bg/3r7q5hL
It’s tapped at least several hundred million dollars, a significant amount of money for a firm that was valued at about $12 billion a few months ago, according to one of the people.
📈 GameStop and other day-trader favorites surged back after Thursday’s tumble as brokerages said they would start to ease trading restrictions, setting the scene for another wild day on the markets. https://bloom.bg/3punZbl
💰 Meanwhile Robinhood raised more than $1 billion from existing investors and drew millions more from bank credit lines to weather the storm. https://bloom.bg/36lqMvI
📮 And away from markets: Poland has a new billionaire — thanks to a pandemic-fueled boom in postal lockers. https://bloom.bg/2NN9ykA
💰 Meanwhile Robinhood raised more than $1 billion from existing investors and drew millions more from bank credit lines to weather the storm. https://bloom.bg/36lqMvI
📮 And away from markets: Poland has a new billionaire — thanks to a pandemic-fueled boom in postal lockers. https://bloom.bg/2NN9ykA
Bloomberg
GameStop Rally Reignites as Retail Traders Step Back In
GameStop Corp. dipped in extended trading after rising nearly 70% on Friday, wrapping up a week of wild swings as retail investors returned to the stock after trading restrictions on the company were lifted.
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Hello, here's what we're following right now:
🇲🇲 In Myanmar, Aung San Suu Kyi and other top leaders were detained by the army in an early-morning raid, said the country’s ruling party. According to reports, the military has taken power for one year. Lines of communications were spotty, making it hard to get information. https://bloom.bg/3rai7V2
📈 The price of silver surged as the Reddit-inspired stock market frenzy spills over into commodities. Retail sites were overwhelmed with demand for bars and coins over the weekend. https://bloom.bg/39CBwYR
🏢 And Hong Kong’s notorious subdivided flats — crowded and sometimes no bigger than a single bed — are sparking a Covid crisis. https://bloom.bg/3amxVgp
🇲🇲 In Myanmar, Aung San Suu Kyi and other top leaders were detained by the army in an early-morning raid, said the country’s ruling party. According to reports, the military has taken power for one year. Lines of communications were spotty, making it hard to get information. https://bloom.bg/3rai7V2
📈 The price of silver surged as the Reddit-inspired stock market frenzy spills over into commodities. Retail sites were overwhelmed with demand for bars and coins over the weekend. https://bloom.bg/39CBwYR
🏢 And Hong Kong’s notorious subdivided flats — crowded and sometimes no bigger than a single bed — are sparking a Covid crisis. https://bloom.bg/3amxVgp
💉 Few people care who made their flu shot or other immunizations. Covid changed that, turning vaccine makers into household names. But for now most people won't get to decide which shot they get.
https://bloom.bg/36xKQLv
🇺🇸 Joe Biden must decide whether to break up a $1.9 trillion Covid-19 relief proposal after the GOP offered a $600 billion deal. Biden will meet with Republicans to discuss it on Monday. https://bloom.bg/36v7JPU
🐵 Elon Musk says one of his startups has a monkey with wires going into its brain that’s able to play video games. "He’s a happy monkey," said the Tesla CEO. https://bloom.bg/36sQxdO
https://bloom.bg/36xKQLv
🇺🇸 Joe Biden must decide whether to break up a $1.9 trillion Covid-19 relief proposal after the GOP offered a $600 billion deal. Biden will meet with Republicans to discuss it on Monday. https://bloom.bg/36v7JPU
🐵 Elon Musk says one of his startups has a monkey with wires going into its brain that’s able to play video games. "He’s a happy monkey," said the Tesla CEO. https://bloom.bg/36sQxdO
Hello! Here are our top markets reads today.
🌽 China is in export overdrive — and hogging shipping containers. That's sparked turmoil in supply chains worldwide, with food piling up in all the wrong places. https://bloom.bg/3pEPcYF
🛑 GameStop mania was tempered by a largely invisible Wall Street instrument that emerges when things get wild. https://bloom.bg/2Ld9FFa
🏹 And here's how much investors could have lost from Robinhood's trading restrictions. https://bloom.bg/2YD7RIt
🌽 China is in export overdrive — and hogging shipping containers. That's sparked turmoil in supply chains worldwide, with food piling up in all the wrong places. https://bloom.bg/3pEPcYF
🛑 GameStop mania was tempered by a largely invisible Wall Street instrument that emerges when things get wild. https://bloom.bg/2Ld9FFa
🏹 And here's how much investors could have lost from Robinhood's trading restrictions. https://bloom.bg/2YD7RIt
👍 An early but positive milestone in the fight against Covid-19: More Americans have now received at least one dose of a Covid-19 vaccine than have tested positive for the virus. https://bloom.bg/2YyG6ko
📉 GameStop's spectacular rally unwound further Tuesday, after bearish investors appeared to cover their positions and trading volume shriveled. https://bloom.bg/3tlkciT
🇺🇸 And Joe Biden has signaled he's intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday. https://bloom.bg/3jb03Y3
📉 GameStop's spectacular rally unwound further Tuesday, after bearish investors appeared to cover their positions and trading volume shriveled. https://bloom.bg/3tlkciT
🇺🇸 And Joe Biden has signaled he's intent on a large pandemic relief bill, potentially without Republican support, even after a White House meeting with GOP senators on Monday. https://bloom.bg/3jb03Y3
🚨Amazon said Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.
“In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos said in a letter to employees: http://bloom.bg/39LMtaF
“In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos said in a letter to employees: http://bloom.bg/39LMtaF
📉 The meme stocks that Robinhood originally restricted have lost $167 billion in a matter of days, and there’s little sign the pain is easing. https://bloom.bg/3cwY7YF
🇰🇷 Our annual innovation index is here. The U.S. dropped out of the top 10 while South Korea returned to first place. https://bloom.bg/36E36Tt
☁ Amazon’s incoming CEO Andy Jassy is arguably the most important person in tech over the past decade — and uncannily similar to Jeff Bezos. https://bloom.bg/3aup4JD
🇰🇷 Our annual innovation index is here. The U.S. dropped out of the top 10 while South Korea returned to first place. https://bloom.bg/36E36Tt
☁ Amazon’s incoming CEO Andy Jassy is arguably the most important person in tech over the past decade — and uncannily similar to Jeff Bezos. https://bloom.bg/3aup4JD
🇺🇸 The U.S. economy is showing signs of picking up from an end-of-year slowdown. The tentative improvement could muddy President Biden's efforts to pass a $1.9 trillion stimulus package. https://bloom.bg/3oK31UH
📉 GameStop shares continued their rapid fall back toward Earth on Wednesday. The stock slid 7% in U.S. premarket trading. https://bloom.bg/2MQh7qg
😷 The vast majority of people who contract Covid-19 still have antibodies at least six months after infection. Some 88% of participants in a new study retained antibodies for half a year. https://bloom.bg/3jozjUd
📉 GameStop shares continued their rapid fall back toward Earth on Wednesday. The stock slid 7% in U.S. premarket trading. https://bloom.bg/2MQh7qg
😷 The vast majority of people who contract Covid-19 still have antibodies at least six months after infection. Some 88% of participants in a new study retained antibodies for half a year. https://bloom.bg/3jozjUd
Bloomberg
GameStop Roller Coaster Pauses After $27 Billion Rout
GameStop Corp.’s rapid reversal paused on Wednesday, although last week’s massive peak remains a distant memory after frenzied trading activity cooled.
🌧 How can a city have too little and too much water? While climate change and extreme weather are factors, the main culprit for Chennai’s water problems is poor planning. https://bloom.bg/3oJNOTh
🇲🇲 Democracy in Southeast Asia is stumbling, writes Bloomberg Opinion columnist Clara Ferreira Marques. The military takeover in Myanmar is a poor signal for the wider region. https://bloom.bg/2Lhcy7P
☔ And we’ll leave you with one last thing: a $1,200 umbrella. https://bloom.bg/3oNyWTW
🇲🇲 Democracy in Southeast Asia is stumbling, writes Bloomberg Opinion columnist Clara Ferreira Marques. The military takeover in Myanmar is a poor signal for the wider region. https://bloom.bg/2Lhcy7P
☔ And we’ll leave you with one last thing: a $1,200 umbrella. https://bloom.bg/3oNyWTW
💉 The U.S. is on pace to vaccinate 75% of its population against Covid-19 this year, while Canada would need almost a decade to do so. Here's a snapshot of some places around the world that are off to fast and slow starts. https://bloom.bg/3oRDSal
💻 The way the pandemic reshapes where and how we work could be one of the most visible legacies from the health crisis. "Work from home" has become "work from anywhere." https://bloom.bg/36D6he8
📈 It has no revenue and zero analyst coverage. But penny stock Abra Mining has become the most-traded name in the Philippines, surging 103% this year as retail mania goes global. https://bloom.bg/36D6n5u
💻 The way the pandemic reshapes where and how we work could be one of the most visible legacies from the health crisis. "Work from home" has become "work from anywhere." https://bloom.bg/36D6he8
📈 It has no revenue and zero analyst coverage. But penny stock Abra Mining has become the most-traded name in the Philippines, surging 103% this year as retail mania goes global. https://bloom.bg/36D6n5u
Bloomberg.com
How ‘Work From Home’ Became ‘Work From Anywhere’
One enduring legacy of the pandemic is likely to be the way it reshapes where and how we work. In the U.S., lockdowns sent some wealthy knowledge workers heading to suburbs, second-tier cities and “Zoom towns” in scenic areas near ski slopes or national parks.…
💉 When will the pandemic end? It’s the question hanging over just about everything since last year. The answer can be measured in vaccinations.
Our new Covid calculator is designed to show you how long it will take (based on each country's current vaccination rate) for enough people to be inoculated to achieve herd immunity. https://bloom.bg/3axw6gZ
At today’s global rate, it will take the world an estimated 7 years to cover 75% of the population with a two-dose vaccine. But some of the world’s biggest vaccine-manufacturing hubs are just getting started, so rates are bound to increase. 🌏
Scroll down to “The Path to Immunity” to select your country or state: https://bloom.bg/3cUQ0FB
Our new Covid calculator is designed to show you how long it will take (based on each country's current vaccination rate) for enough people to be inoculated to achieve herd immunity. https://bloom.bg/3axw6gZ
At today’s global rate, it will take the world an estimated 7 years to cover 75% of the population with a two-dose vaccine. But some of the world’s biggest vaccine-manufacturing hubs are just getting started, so rates are bound to increase. 🌏
Scroll down to “The Path to Immunity” to select your country or state: https://bloom.bg/3cUQ0FB
💉 The global economy’s recovery risks being derailed by the lag in coronavirus vaccinations for poorer nations. Failure to properly immunize the world could come with a $9.2 trillion price tag. https://bloom.bg/3tvrjFd
🇬🇧 Barclays CEO Jes Staley says the U.K.’s departure from the European Union will prove to be a net benefit for the City of London, even as a post-Brexit deal on financial services remains elusive. https://bloom.bg/3cIwZWt
🏈 And Will Ferrell will star in GM’s Super Bowl ad, urging Americans to “crush” Norway — when it comes to EVs, that is. Take a look: https://bloom.bg/3cR0HIS
🇬🇧 Barclays CEO Jes Staley says the U.K.’s departure from the European Union will prove to be a net benefit for the City of London, even as a post-Brexit deal on financial services remains elusive. https://bloom.bg/3cIwZWt
🏈 And Will Ferrell will star in GM’s Super Bowl ad, urging Americans to “crush” Norway — when it comes to EVs, that is. Take a look: https://bloom.bg/3cR0HIS
Bloomberg.com
The $9.2 Trillion Price Tag for Failing to Vaccinate World
The global economy’s recovery risks being dampened or even derailed by the lag in coronavirus vaccinations for poorer nations relative to their wealthier peers.
Hello, here's what we're following right now:
🇨🇳🇦🇺 China arrested an Australian TV anchor on a charge of endangering national security, escalating a case that’s roiled ties between the countries. https://bloom.bg/3cKRRwu
🇭🇰 Hong Kong stocks are about to lose their biggest source of funds. The trading link allowing mainland investors to buy domestic stocks will shut for the Lunar New Year, effectively slamming the brakes on record levels of inflows. https://bloom.bg/3tASNJQ
🇮🇱 And Israel won’t reach Covid-19 herd immunity even if all adults are inoculated, the nation’s top public health official said. https://bloom.bg/3aGqJfr
🇨🇳🇦🇺 China arrested an Australian TV anchor on a charge of endangering national security, escalating a case that’s roiled ties between the countries. https://bloom.bg/3cKRRwu
🇭🇰 Hong Kong stocks are about to lose their biggest source of funds. The trading link allowing mainland investors to buy domestic stocks will shut for the Lunar New Year, effectively slamming the brakes on record levels of inflows. https://bloom.bg/3tASNJQ
🇮🇱 And Israel won’t reach Covid-19 herd immunity even if all adults are inoculated, the nation’s top public health official said. https://bloom.bg/3aGqJfr
💸 Dogecoin briefly touched a record Monday after billionaire Elon Musk and rapper Snoop Dogg tweeted about it. The token climbed to a peak of about 8.2 U.S. cents and a market capitalization of $10.5 billion. https://bloom.bg/3ryytXD
📉 Renaissance Technologies has been hit with at least $5 billion in redemptions. Unprecedented market swings in 2020 led to the investing giant's worst-ever returns across its public funds. https://bloom.bg/3pZvgjD
💉 And how much do you know about Covid-19 vaccines? Life-saving shots are coming to end the pandemic. Take our quiz to find out how prepared you are. https://bloom.bg/2YV0hsZ
📉 Renaissance Technologies has been hit with at least $5 billion in redemptions. Unprecedented market swings in 2020 led to the investing giant's worst-ever returns across its public funds. https://bloom.bg/3pZvgjD
💉 And how much do you know about Covid-19 vaccines? Life-saving shots are coming to end the pandemic. Take our quiz to find out how prepared you are. https://bloom.bg/2YV0hsZ
Hello! Here's what's hot in markets today.
🔥 Bitcoin hit a record above $47,000 early on Tuesday after Tesla announced a $1.5 billion bet and its move to accept the cryptocurrency as payment for electric cars. https://bloom.bg/3q4D6Z5
🖲️ Fresh off the GameStop frenzy, Reddit raised $250 million from private investors to fund its international expansion. This reportedly values the online forum at $6 billion. https://bloom.bg/3a0iRGh
📽️ And here's how one woman turned a $40 million bet on Chinese video startup Kuaishou into a $12 billion windfall. https://bloom.bg/3q3Uj53
🔥 Bitcoin hit a record above $47,000 early on Tuesday after Tesla announced a $1.5 billion bet and its move to accept the cryptocurrency as payment for electric cars. https://bloom.bg/3q4D6Z5
🖲️ Fresh off the GameStop frenzy, Reddit raised $250 million from private investors to fund its international expansion. This reportedly values the online forum at $6 billion. https://bloom.bg/3a0iRGh
📽️ And here's how one woman turned a $40 million bet on Chinese video startup Kuaishou into a $12 billion windfall. https://bloom.bg/3q3Uj53
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