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MarketWatch MarketPulseOct 29, 2020
Moderna's stock is up as it says it is 'actively preparing' for launch of COVID-19 vaccine
Shares of Moderna Inc. were up 2.9% in premarket trading on Thursday after the company again reminded investors that the Phase 3 clinical trial for its COVID-19 vaccine candidate is fully enrolled as part of its third-quarter earnings announcement. It also said it is "actively preparing for the launch" of its COVID-19 vaccine. Moderna is a preclinical company, meaning it does not yet have an authorized or approved product available on the market. It is developing several mRNA-based vaccines, including one for the coronavirus. The company said its research and development expenses have nearly tripled to $344.5 million in the third quarter of 2020, primarily due to R&D costs for its experimental COVID-19 vaccine, compared with $119.6 million in the same quarter a year ago. Moderna said it plans to conduct two interim analyses for the late-stage trial of the vaccine. Moderna's stock has gained 236.1% so far this year, while the S&P 500 is up 1.2%.

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 tally: Global cases of COVID-19 44.5 million, 1.17 million deaths and U.S. nears 228,000 fatalities (MarketWatch MarketPulse)

MarketWatch MarketPulseOct 29, 2020
Stocks rebound after worst day since June
Stocks opened modestly higher Thursday after suffering the biggest rout since June amid a continued stream of corporate earnings and mixed data on the job market. The Dow Jones Industrial Average added 6 points to open near 26,526, while the S&P 500 gained 10 points, 0.3%, to trade near 3,281. The Nasdaq Composite jumped 74 points, 0.7%, and was near 11,079. The most widely-watched measure of first-time claims for jobless benefits declined in the most recent week, but that's in part because unemployed workers are beginning to exhaust their state benefits and are now relying on a federal program that offers extended compensation. That program's claims jumped last week. Shares of Moderna Inc. bounced higher Thursday after the company said it is "actively preparing for the launch" of its COVID-19 vaccine.

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.



Wall Street Journal US BusinessOct 29, 2020
Online Beer Sales Soar at Brewers of Budweiser, Miller Lite
Homebound drinkers bought more beer online and at supermarkets, boosting organic sales at AB InBev and cushioning the revenue lost at restaurants and bars amid Covid-19 restrictions.

Google Business NewsOct 29, 2020
Global Markets: Asia's COVID-19 control tempers global stock selloff, U.S. futures jump - Reuters
Global Markets: Asia's COVID-19 control tempers global stock selloff, U.S. futures jump  ReutersAustralian leads losses in mixed Asia-Pacific trading day after Wall Street plunge  CNBCEuropean Stocks, U.S. Futures Rebound; Bonds Dip: Markets Wrap  Yahoo FinanceEquity markets are resilient in Asia - MarketPulseMarketPulse  MarketPulseAsia's COVID cont

MarketWatch MarketPulseOct 29, 2020
U.S. oil futures log lowest finish since early June
Oil futures fell Thursday, with rising cases of COVID-19 feeding concerns over energy demand and pulling U.S. prices to their lowest finish in nearly five months. December West Texas Intermediate crude fell $1.22, or 3.3%, to settle at $36.17 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since June 1, according to FactSet data.

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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