Home / Business / Stock futures go up with vaccine, merger news grabs attention; Oracle shares skip

Stock futures go up with vaccine, merger news grabs attention; Oracle shares skip



Equity futures opened higher on Monday morning as investors considered positive developments around a coronavirus vaccine candidate and watched a flurry of recently announced mergers and acquisitions among major companies.

AZN) announced at the weekend that its late-stage Covid-19 vaccine trials with the University of Oxford had resumed after safety concerns over a suspected adverse reaction from a participant led the company to temporarily suspend testing a week earlier. Shares were up about 0.5% in early trading. “Data-reactid =” 17 “> AstraZeneca (AZN) announced over the weekend that its late-stage Covid-19 vaccine trials with the University of Oxford had resumed after safety concerns for a suspect Adverse reaction from a participant had led the company to temporarily suspend testing a week earlier. Shares were up about 0.5% in early trading.

ORCL) increased by 9% in first trades, following reports from more news points that the tech company secured a partnership with TikTok’s US business unit, eliminating Microsoft (MSFT), who had previously been seen as the lead for a link with the fast-growing social media company. Microsoft shares fell in pre-market trading, extending losses since Friday. “Data-reactid =” 22 “> Elsewhere, Oracle’s (ORCL) shares rose 9% in early negotiations, following reports from multiple media outlets that the tech company has landed a partnership with the US business unit of TikTok, which eliminated Microsoft (MSFT), which was previously seen as the lead for a tie-up with the fast-growing social media company. Microsoft shares fell in pre-market trading, extending losses since Friday .

“Global markets are starting the week on an optimistic plane, with M&A activity and vaccine developments helping to lift the mood after recent dips,” Josh Mahony, analyst wrote in an email. senior market at IG.

The development between Oracle and TikTok “helps alleviate the friction between the US and China, but there will be questions about the amount of data still available for the main entity,” he added. On the vaccine front, news that the AstraZeneca vaccine trial is about to resume provides a significant boost after fears that complications with a participant could represent a significant obstacle to development. With Trump telling states to expect a vaccine before the election, there is a sense that we are directly at home in the push for effective treatment. “

NVDA) announced was acquiring Arm Limited, the SoftBank Group chip unit, in a $ 40 billion transaction, & nbsp; the largest ever in the semiconductor industry. Elsewhere, Gilead Sciences (GOLDEN) agreed to purchase Immunomedics (IMMU) in a deal worth about $ 21 billion, adding the latter’s anticancer drugs to the pharmaceutical giant’s portfolio. Gilead’s stock was up 1% in early trading, while Immunomedics’s stock more than doubled. “Data-reactid =” 25 “> Other major companies also announced huge new deals over the weekend. Chipmaker Nvidia (NVDA) announced it was buying SoftBank The chip unit of Arm Limited group in a $ 40 transaction. billion, the largest ever in the semiconductor industry. Elsewhere, Gilead Sciences (GILD) agreed to buy Immunomedics (IMMU) in a deal worth about $ 21 billion, adding the latter’s anticancer drugs Gilead’s shares have risen 1% in the first few trades, while Immunomedics shares more than doubled.

7:19 am ET Monday: Stock futures soar with vaccine, M&A developments grab attention

Here are the main moves in the markets, at 7:19 am ET:

  • S&P 500 Futures (ES = F): 3,3374.00, up 40.25 points or 1.21%

  • Dow Futures (YM = F): 27,850.00, up 238.00 points or 0.86%

  • Nasdaq Futures (NQ = F): 11,241.5, up 180.00 points or 1.63%

  • Raw (CL = F): – $ 0.11 (-0.29%) to $ 37.22 per barrel

  • Gold (GC = F): + $ 4.00 (+ 0.21%) to $ 1,951.90 per ounce

  • Treasure at 10 (^ TNX): +0.7 bp to make 0.674%

A trader working on the floor of the New York Stock Exchange (NYSE) is reflected on a monitor in Manhattan in New York, USA, October 10, 2018. REUTERS / Brendan McDermid

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