Here are the stocks making notable moves on Tuesday. Johnson & Johnson — Shares of the drugmaker fell about 2.4% after the Food and Drug Administration said it is asking states to pause administering J&J's Covid-19 vaccine after six people in the U.S. developed a rare disorder involving blood clots. Moderna shares gained more than 7% on the news. Altimeter Growth — […]

Morgan Stanley said cryptocurrencies will still exist even if central banks issue their own digital currencies. The bank said the uses and appeals of central bank digital currencies and cryptocurrencies are different. It said cryptocurrencies can be seen as a store of value, similar to gold, and a speculative asset. Sign up here for our daily newsletter, 10 Things Before […]

(Reuters) – SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp’s Vision Fund 2.Slideshow ( 2 images )The latest injection took SambaNova’s total funding to more than $1 billion, valuing the company at more than $5 billion, it […]

SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised […]

(Reuters) – Novavax Inc has pushed back the timeline for hitting its production target of 150 million COVID-19 vaccine doses per month until the third quarter due to supply shortages including bags used to grow cells, a company spokeswoman told Reuters.FILE PHOTO: A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in […]

(Reuters) -Britain’s biggest sportswear retailer JD Sports on Tuesday forecast profit growth this year and announced plans to ramp up warehouse capacity to fulfil online orders and minimise disruptions from Brexit.FILE PHOTO: People pass a JD Sports store in London, Britain April 11, 2017. REUTERS/Neil HallThe company, known for its sneakers and athleisure products, also said it would resume dividend […]

FRANKFURT (Reuters) -Europe’s largest carmaker Volkswagen has agreed a wage deal with Germany’s most powerful union for 120,000 employees, representing 18% of its workforce, it said on Tuesday.FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo/File Photo/File PhotoThe deal with IG […]