Hints and tips:
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...The AU will pay $6.75 a dose for the BioNTech/Pfizer vaccine and $10 for Johnson & Johnson’s, a single-dose product....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...In August, Russia became the first country to approve a Covid-19 vaccine — named Sputnik V — for civilian use, but western experts cast doubt on its efficacy and safety....
...It was their company, BioNTech, that produced the Pfizer vaccine....
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...Earlier data increases our economists conviction in a V-shaped recovery: Economic data in aggregate have continued to surprise to the upside, building our confidence in a V-shaped recovery....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Several gold miners have updates that would probably not even register if it weren’t for the higher gold price....
...Mr G snatched the Fabergé trademark from under Mr V’s nose in 2007 and then sold it five years later to Gemfields in return for 47 per cent of the miner....
...Anacor Pharmaceuticals surged more than 57 per cent to $100.67 after Pfizer said it would buy the company for $5.2bn. mamta.badkar@ft.com Twitter: @mamtabadkar...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...In US earnings, the newly divided Hewlett Packard Enterprise and HP Inc report, as do Analog Devices, Hormel Foods, Dollar Tree, Campbell Soup and Tiffany & Co....
...Miners were weak with Anglo American down 4.6 per cent to 537p, its lowest since at least 1999....
...Mr du Plessis, who last year repelled bid interest from Glencore for Rio Tinto, the miner he also chairs, said he would only extend Wednesday’s bid deadline if Mr Brito offered more....
...As one of the top five miners of iron ore, the main ingredient of steel, Arcelor has already had to contend with the commodities slump....
...Better than expected Chinese trade data meant the miners led the FTSE 100 to recover from a 15-month low. The index rose 0.4 per cent or 26.27 points to 6,366.24....
...Miners were weak after Chinese data for July showed manufacturing expanded at a slower than expected pace. Rio Tinto was off 1.1 per cent to £33.55 and BHP Billiton eased 0.9 per cent to £20.12....
...Astra topped the main index, rising 3 per cent to £44.12, as chatter focused on a resumption of bid interest from Pfizer, after the US drug company abandoned previous efforts to merge with Astra in May....
...“With the FTSE 100 off almost 3 per cent on Wednesday, happy times are here again for short sellers, defensive stock pickers and gold miners....
...The possibility of a Pfizer/AstraZeneca deal still has the politicians talking (the chief executives of both were hauled before the UK parliament this week)....
...Lex had started our appraisal of Pfizer’s offer for AstraZeneca this week by considering whether Pfizer could achieve the cost savings seen in acquisitions past....
...Precious metals miners stood out, with Fresnillo up 0.5 per cent at 931½p and Randgold Resources up 0.8 per cent at £50.45....
...Fresnillo, the world’s biggest silver miner, is down 2 per cent at 804.6p. Overall, the main London index is up 0.1 per cent at 6,762.47, setting it on course for its first gain in two sessions....
...AbbVie, Allergan, Amgen, Biogen, Bristol-Myers Squibb, Gilead and Pfizer could all benefit from Shire’s Irish tax domicile, it said....
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