Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The …
Read More »Shares surge 34% on market debut
A woman stands next to signage incorporating the logo of JD.com, and the company’s mascot ‘Joy,’ at the company’s headquarters in Beijing, China. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Shares of JD Health, the health-care arm of Chinese e-commerce giant JD.com, surged on their debut in …
Read More »JD Health Hong Kong IPO raises $3.5 billion
Several boxes of goods, bought from JD.com, are stacked on the floor. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — JD Health, the health-care unit of Chinese e-commerce giant JD.com, has raised $3.5 billion in a Hong Kong initial public offering (IPO), CNBC has confirmed. The company issued …
Read More »Moderna, Simon Property, BBVA, Virgin Galactic & more
Check out the companies making headlines midday on Monday: Moderna — The drugmaker’s stock soared more than 7% after announcing preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19. Moderna is the second U.S. company in a week to report positive results …
Read More »Alibaba spends five times as much on subsidies to export Singles Day
People wait in line in front of the AliExpress pop-up store in Paris on September 24, 2020. Geoffroy van der Hasselt | AFP | Getty Images BEIJING — Chinese e-commerce giant Alibaba is pressing into overseas markets as competition heats up around the Singles Day shopping festival the company launched …
Read More »JD.com wants network of 5 million physical stores in China
Chinese retailer JD.com plans to aggressively expand its brick-and-mortar reach— aiming for a network of 5 million physical stores in the next 3 years — as China’s e-commerce companies sharpen their competition for consumers in smaller Chinese cities. Xu Lei, chief executive of JD Retail, said the company is “aware …
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