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Merck is halting work on two potential COVID-19 vaccines following poor results in early-stage studies.The drugmaker said it will focus instead on studying two possible treatments for the virus that also have yet to be approved by regulators.
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 Once the pandemic lockdown lifted, Admiral Twin Drive-In had to figure out how to provide entertainment without many major new film releases.
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Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies.
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 GameStop shares surged 44% in early premarket action, after storming 51% higher on Friday. The spectacular gains came after short-selling firm Citron Research and speculative buyers organizing on Reddit clashed over the video-games retailer. After the markets closed on Friday, Citron released a video arguing the stock was worth $20.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Kuaishou Technology has its eyes on the world's biggest initial public offering in more than a year, seeking to raise about $5 billion from a Hong Kong share sale.
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'Like LeBron and Jordan playing in the Finals': It's Tom Brady versus Patrick Mahomes in the Super Bowl CNN InternationalTom Brady, Tampa Bay Buccaneers hold off Green Bay Packers to punch Super Bowl ticket ESPNDeadspin's Championship Sunday ATS picks you can bank on DeadspinTom Brady, Patrick Mahomes' age disparity shown in 2 incredible tweets
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These two REITs have a history of raising dividends and managing their operations well in good times and bad.
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The point man to Crown Prince Mohammed bin Zayed, Sheikh Tahnoon is redefining links between the state and private sector
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 Stock-index futures were mixed Monday, with tech-related equities finding support ahead of a busy week of earnings that features results from Apple Inc., Tesla Inc. and Facebook Inc.
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The Centers for Disease Control and Prevention said Friday that Moderna Inc.'s COVID-19 vaccine produces an allergic reaction in a small percentage of people, similar to the agency's findings about the coronavirus vaccine developed by BioNTech SE and Pfizer Inc. . Moderna's stock was up 1.6% in premarket trading on Monday. There were 10 cases of anaphylaxis among the roughly 4 million doses administered between Dec. 21 and Jan. 10, according to the CDC report. Both vaccines are mRNA-based vaccines, with similar efficacy rates in clinical trials. They are the only two COVID-19 vaccines that have been authorized in the U.S. so far during the pandemic. The CDC previously recommended that health care providers prepare for the possibility of anaphylaxis among some people who get vaccinated. Moderna's stock has soared 520.3% over the past 12 months, while the S&P 500 is up 15.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Telus International Inc. has set terms for its initial public offering, in which the Canada-based telecommunications company looks to raise up to about $548.2 million. The company is offering 21.93 million shares in the IPO, while selling shareholders are offering 11.40 million shares, for a total of 33.33 million shares offered. The IPO is expected to price between $23 and $25 a share. With 223.73 million shares outstanding after the IPO, the pricing values the company at up to $5.59 billion. The company has applied for its shares to list on the New York Stock Exchange and the Toronto Stock Exchange, under the ticker symbol "TIXT." J.P. Morgan and Morgan Stanley are the lead bookrunners of the IPO. For the nine months ended Sept. 30, the company reported net income of $81.9 million on revenue of $1.14 billion, after net income of $41.7 million on revenue of $747.1 million in the year-ago period. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 30.0% over the past three months while the S&P 500 has gained 10.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Coronavirus updates: 2 in 5 Americans live where hospitals are at capacity; Japan scrambling for 'herd immunity' ahead of Olympics USA TODAYMAP: Where to get the COVID-19 vaccine in Pennsylvania The Morning CallSussex County COVID-19 January 24 TAPinto.netLetters to the Editor - Dallas-area residents share concerns and complaints about getting the COVID-19 The Dallas Morning News
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Deal a measure of investor demand for Chinese tech groups as Beijing cracks down on sector
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Item 2.02: Results of Operations and Financial Condition
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Goldman Sachs analysts are bullish on the U.S. economy's rebound in 2021, but said there were three big risks to the recovery.
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 Chicago Fed's national-activity index ticked higher last month
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Anheuser-Busch still has four minutes of advertising during the game for its other brands including Bud Light, Bud Light Seltzer Lemonade, Michelob Ultra and Michelob Ultra Organic Seltzer.
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Item 1.01: Entry into a Material Definitive Agreement
Item 7.01: Regulation FD Disclosure
Item 9.01: Financial Statements and Exhibits
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AMC Entertainment Holdings Inc. shares soared 36% in premarket trade Monday, after the biggest cinema-chain operator in the world said it has raised $917 million in debt and equity to help it get through a coronavirus-impacted winter. AMC said it has raised $506 million of equity by issuing 164.7 million new shares. That is combined with a previously announced $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equity. The company has commitment letters for $11 million of incremental debt capital in place through mid-2023, unless repaid before then, through the upsizing and refinancing of a European revolving credit facility. The company may pay non-cash PIK (payment in kind) interest through the duration of the European debt. "Based on a variety of assumptions, including future attendance levels, the company estimates that its financial runway has been extended deep into 2021," AMC said in a statement. "AMC also is presuming that it will continue to make progress in its ongoing dialogue with theatre landlords about the amounts and timing of owed theatre lease payments." Chief Executive Adam Aron said the new financing means any talk of imminent bankruptcy "is completely off the table." AMC has repeatedly raised capital through the pandemic to bolster its liquidity and stay afloat. Shares have fallen 48% in the last 12 months, while the S&P 500 has gained 16.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Your kid might not return to a classroom this year. Are teachers unions to blame? USA TODAYChicago teachers vote to teach from home, defying district The Associated PressChicago teachers vote to teach from home, defying CPS WGN NewsChicago Teachers Union votes for remote work only as it continues to fight Chicago Public Schools district to delay in-person start WLS-TV
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European stocks rose on Monday, with strong earnings and signs that California is reopening offsetting worries about the travel industry.
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Colleagues shocked that 'nerdy' Justice Department official joined Trump's election overthrow effort Yahoo NewsTrump plotted to pick loyalist as acting AG to overturn election CNNJeffrey Clark Was Considered Unassuming. Then He Plotted With Trump. The New York TimesNew York Times says Rep. Scott Perry played significant role in President Trump contesting election WGAL Susquehanna Valley Pa.
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Goldman said exuberance around SPACs and companies with negative earnings are bubble-like, but don't jeopardize the overall market.
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The vaccine yields fewer antibodies against the variant discovered in South Africa, and so the company plans to test an alternate version.
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A swell of individual investors are betting that stocks will go up. That enthusiasm is having a growing influence over the regular stock market itself.
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As this year's tax season kicks off, you'll need to figure out how to tackle a CARES Act withdrawal.
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Merck said Monday it is discontinuing development of its two COVID-19 vaccine candidates following disappointing trial results, and will instead focus on the development of two investigational therapeutic candidates. The decision comes after a review of findings from Phase 1 studies of the vaccine candidates, named V590 and V591, in which immune responses were inferior to those seen following natural infection and in trials of other vaccine candidates. "Merck continues to advance clinical programs and to scale-up manufacturing for two investigational medicines, MK-7110 and MK-4482 (molnupiravir); molnupiravir is being developed in collaboration with Ridgeback Bio," the company said in a statement. The company is expecting to book a charge in the fourth quarter, but did not offer any further details. Merck is still planning to submit the results of the early-stage trial for publication in a peer-reviewed journal. Shares fell 1.2% premarket and are down 6% in the last 12 months, while the S&P 500 has gained 16.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Biden will sign executive order aimed at strengthening American manufacturing CNNView Full Coverage on Google News
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Deborah Birx said Trump was being given ‘parallel data' on covid-19 The Washington PostBirx says someone was giving Trump 'parallel data' about Covid pandemic CNBCFace The Nation: Dr. Deborah Birx Face the NationIn candid interview, Birx says she knew working with Trump White House would be the end of her federal career Yahoo News
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The White House on Monday announced the details of the new Buy American order that President Joe Biden will sign. The order will direct an increase in both the threshold and price preferences for domestic goods before the government can buy from a non-U.S. supplier. It also will create a director of Made-in-America at the Office of Management and Budget as well as increase oversight of waivers to domestic preference laws.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Trump Impeachment Trial: House To Deliver Article To Senate NPRRomney on Trump impeachment: 'If we're going to have unity,' there must be 'accountability' Fox NewsUnprecedented set of weighty issues now consuming Congress, so where do lawmakers begin? Fox NewsAmerica has more important things to worry about than a Trump Senate impeachment trial USA TODAYTrump must be prosecuted
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Will you be affected by tax changes in the future? Growing national debt, changes in Washington, and new policies on the horizon could impact you more than you might think. Here are five ways to prepare for higher taxes in the future.
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Tencent's stock surge lifts investor sentiment around Chinese internet groups
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Global coronavirus report: Mexico's president tests positive; Joe Biden to reinstate travel bans The GuardianMexico's president says he's tested positive for COVID-19 The Associated PressMexican leader says Biden offers $4B for Central America News 5 ClevelandMexican President Andres Manuel Lopez Obrador tests positive for Covid-19 CNN
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Anthony Fauci Says Trump Tried to Coax Him Into Minimizing COVID Pandemic: 'Be More Positive' NewsweekFauci says he was the 'skunk at the picnic' in Trump's Covid team The GuardianFauci opened envelope containing mystery powder during Trump admin - Business Insider Business InsiderDr. Anthony Fauci Relishes A 'Hallelujah' Moment : Coronavirus Updates NPR
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Back in early December, Ray Dalio, the billionaire founder of Bridgewater Associates, sounded the alarm on class and power struggles that are tearing the country apart. It hasn't improved much since then, apparently.
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An outside lawyer working for Trump drafted a brief the then-president wanted the Justice Department to file, people familiar with the matter said, but DOJ officials refused.
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After scrambling in 2020 to keep business operations going amid a pandemic, companies are eyeing even higher spending in 2021 on collaboration tools to support remote workers. But with vaccines rolling out now and uncertainty about what a "hybrid workplace" might look like, those same companies are likely to spend cautiously due to uncertainty about the wider economic environment.
Even with vaccinations offering hope for something of a return to normal in the year ahead, remote work will remain a necessity for many organizations. More than half (54%) of respondents to a Pew survey published this month said they want to work from home "all or most of the time" when the coronavirus outbreak is over, while a third would do so "some of the time." Only 11% say they'd want to do this "rarely or never."
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