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By Swissquote Analysts
Morning News

Microsoft Hits $2 Trillion Market Cap During Trading

Microsoft shares are up about 1.1% on Tuesday, giving the technology giant a market value of about $1.99 trillion and putting it on the doorstep of joining Apple as the only U.S. public company to achieve that feat last August.

By
Nadine PEREIRA
Morning News

SentinelOne Announces Launch of Initial Public Offering

U.S. cybersecurity company SentinelOne set the terms of its initial public offering (IPO), which values the company at up to $7.36 billion (about €6.19 billion). The company intends to raise up to 928 million dollars by placing 32 million shares at a unit price between 26 and 29 dollars.

By
Nadine PEREIRA
Morning News

Vivendi Agrees to Sell 10% of Universal to William Ackman

Vivendi SE on Sunday reached an agreement for a 10% investment in Universal Music Group by William Ackman’s Pershing Square Tontine Holdings, valuing the world’s largest music company at about $40 billion.

By
Nadine PEREIRA
Morning News

Ford Says Q2 2021 Adjusted EBIT Will Exceed Its Expectations

Ford said adjusted earnings before interest and taxes for the second quarter of 2021, which ends in two weeks, will surpass its expectations and be significantly better than a year ago. The company provided the insight ahead of President and CEO Jim Farley's participation in Deutsche Bank's Global Auto Industry Conference.

By
Nadine PEREIRA
Morning News

CureVac Covid-19 Vaccine Candidate Disappoints in Key Study

CureVac NV said Wednesday its experimental Covid-19 vaccine was 47% effective against the disease in an interim analysis of a large clinical trial, a disappointing outcome likely to dim the shot's prospects for wider use. The setback could hinder vaccination campaigns in Europe because the German company has a contract with the European Commission to supply up to 405 million doses.

By
Nadine PEREIRA
Morning News

U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight

The U.S. and the European Union agreed to suspend their trade dispute over government subsidies to Boeing Co. and Airbus SE, significantly easing trade tensions amid a broader effort to improve trans-Atlantic relations. The agreement would suspend for five years tariffs that have been authorized by the World Trade Organization, U.S. Trade Rep. Katherine Tai told reporters.

By
Nadine PEREIRA
Morning News

Novavax Stock Is Soaring Because a Study Showed Its Covid 19 Vaccine Works

Novavax said a late-stage trial of its coronavirus vaccine found it was effective, an encouraging sign that there would be further doses of a medication to fight the pandemic. Novavax said its Phase 3 trial of nearly 30,000 patients in the U.S. and Mexico found the vaccine was 90.4% effective overall and was 100% effective in protecting against moderate and severe disease.

By
Nadine PEREIRA
Morning News

BP Considering Plan to Spin Off Iraq Operations Into New Company

BP PLC is working on a plan to spin off its operations in Iraq into a stand-alone company, according to people familiar with the matter, as the oil giant shuffles its assets and investment plans in its pivot toward lower-carbon energy. The new company would hold BP's interest in Iraq's giant Rumaila oil field -- one of the world's largest -- and be jointly owned by China National Petroleum Corp., one of the British company's partners at the site, the people said.

By
Nadine PEREIRA
Morning News

ECB to Keep Monetary Stimulus in Place

The European Central Bank upgraded its economic outlook for the eurozone but said it would keep its aggressive monetary stimulus in place, signaling a likely divergence with the Federal Reserve, which could move toward phasing out its emergency measures as early as next week. At a news conference on Thursday, ECB President Christine Lagarde said she expects a robust bounceback in economic activity across the continent as the pace of Covid-19 vaccinations picks up and stores and restaurants reopen. She cautioned that the region's economic recovery lags behind that of the U.S., however, with more than one European in seven still unemployed or on furlough from their job.

By
Nadine PEREIRA
Morning News

Marqeta’s successful Initial Public Offering

Marqeta, Inc. announced the pricing of its initial public offering of 45,454,546 shares of its Class A common stock at a public offering price of $27.00 per share. In addition, Marqeta has granted the underwriters a 30-day option to purchase up to an additional 6,818,181 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The first price was established at 32.50 dollars, well above the issue price of 27 dollars.

By
Nadine PEREIRA