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Apollo’s blank check company increases 71% on a possible Fisker deal

(Bloomberg) – The appeal of electric vehicles is increasing the shares of blank check companies, the latest of which is Spartan Energy Acquisition Corp, sponsored by Apollo Global Management. Spartan Energy became something of an overnight sensation Thursday after Reuters reported that it was waging a bidding war for the automaker Fisker Inc. Spartan’s shares have now gained up to …

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That’s why airline inventories have increased today

What happened It’s a “risky” day on Wall Street on Friday, as after a few days of sales, investors are taking a half-full view of where things stand with the COVID-19 pandemic. This helps boost airline quotas, one of the sectors most affected by the pandemic. Spirit Airlines (NYSE: SAVE) is driving the sector higher on Friday, up 9% at …

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No financing, no delivery 737 Max

An archive photo of American Airlines Boeing 737 Max aircraft. Patrick T. Fallon | Bloomberg | Getty Images American Airlines executives have told Boeing that they will not take over 17 Boeing 737 Max planes unless the airline is able to obtain funding to pay for the aircraft, CNBC reported. The 17 Max aircraft have already been built, but will …

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Wearing masks is now the most important thing for the economy, says Fed’s Kaplan

Among historically aggressive political moves by the central bank and the United States Congress, Dallas Federal Reserve President Robert Kaplan said that the most important thing for the economy is now wearing protective cover. Masks in public, Kaplan said, are critical to stopping the spread of coronavirus, which is increasing in record numbers and threatening to restore progress since the …

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Stock exchange and broader futures turn positive in an optimistic report on the experimental treatment of Gilead’s coronavirus

US stock index futures turned positive on Friday after a Gilead Sciences report indicated that his experimental treatment for coronavirus was having positive results in reducing deaths. Futures for the industrial medium of Dow Jones YM00, -0.09% YMU20, -0.09% increased by 0.1% to 25,600, those for the S&P 500 index ES00, -0.36% ESU20, -0.36% they were trading 0.1% at 3,144, …

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Gilead says treatment with remdesivir coronavirus reduces the risk of death

A laboratory technician inspects vials filled with pharmacological remdesivir being treated with experimental coronavirus disease (COVID-19) at a Gilead Sciences facility in La Verne, California, USA, March 11, 2020. Photo taken March 11, 2020. Gilead Sciences Inc | Reuters Gilead Sciences released new data on Friday about its remdesivir antiviral drug which shows it has reduced the risk of death …

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Is Tesla Stock a profit-seeking purchase?

Tesla (NASDAQ: TSLA) the stock appears to have defied gravity this year. Shares have increased by about 230% since the beginning of the year, canceling the S&P 500the 3% drop in the same time frame. Zooming in on the past 12 months, Tesla’s earnings are even more surprising. Shares rose by around 500% over this period. With such a massive …

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