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Msg  67699 of 69950  at  7/8/2020 12:19:30 PM  by



Source: Thomson Reuters

  • Futures for Canada’s main stock index were little changed and Wall Street futures wobbled in choppy trading while global share markets faltered, as surging coronavirus infections threatened a recovery in the global economy
  • Gold prices breached $1,800 an ounce for the first time since 2011 as mounting fears over the fast spread of the coronavirus sent investors scurrying for safe havens and the U.S. dollar edged higher
  • U.S. crude futures were slightly lower on demand concerns
Source: Thomson Reuters

Allstate Corp (ALL) & National General Holdings Corp (NGHC):
  • Allstate said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and reduced claims
  • National General's shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held
  • Allstate said the deal is expected to close in early 2021 and will add to its adjusted earnings per share and return-on-equity beginning the first year
Source: Thomson Reuters

Levi Strauss & Co (LEVI):
  • The company on Tuesday cautioned its business would be hit in the second half of the year, even as the denim apparel maker's sales have been improving at its reopened stores, following government-mandated COVID-19 lockdowns
  • The company also said it would cut about 700 positions, or roughly 15% of its workforce, in non-retail, non-manufacturing segments that would help it save $100 million annually
  • Levi added that weekly sales performance in company-operated stores was improving sequentially, as productivity in the final week of June reached 80% compared to a year earlier
  • Net revenue in the second quarter fell 62% to $497.5 million, but beat analysts' expectations of $485.5 million
Source: Thomson Reuters Inc (AMZN):
  • The company has invested $308.02 million in Amazon Seller Services, an Indian unit, strengthening the business at a time when more people shop online in a bid to avoid crowded public places
  • Amazon Singapore made a significant portion of financing, data from business intelligence firm Tofler showed
  • As India went into lockdown, Amazon encouraged small shops to join as sellers on its platform in a bid to boost local businesses and expand its reach
AstraZeneca Plc (AZN) & Merck & Co Inc (MRK):
  • The companies said their blockbuster cancer treatment Lynparza won approval in the European Union for treating patients with a form of pancreatic cancer
  • Lynparza, which can now be used to treat patients with a form of BRCA-mutated metastatic pancreatic cancer, leads a class of drugs known as PARP inhibitors that stop cancer cells from repairing themselves after being damaged by chemotherapy
Facebook Inc (FB):
  • Organizers of a growing Facebook advertising boycott said they saw "no commitment to action" after meeting with Chief Executive Mark Zuckerberg on Tuesday
  • The Anti-Defamation League (ADL), Free Press, Color of Change and the NAACP met for over an hour via video conference with Facebook executives including Zuckerberg and Chief Operating Officer Sheryl Sandberg to discuss the groups' demands
  • Separately, the New York Times reported Facebook has not done enough to fight discrimination on its platform and some of its decisions were setbacks for civil rights, according to an independent audit commissioned by the company
  • Meanwhile, Germany is determined to expand its attempts to regulate online hate speech even as Facebook promises to do more to clean up its site after a global advertiser boycott, with politicians saying the issue is too important to leave to self-regulation
Walt Disney Co (DIS):
  • The company will stick to its plans to reopen its Walt Disney World theme parks in Orlando, Florida, to a limited number of guests on Saturday, it said in a statement on Tuesday
  • Some workers have signed a petition asking Disney to delay Walt Disney World's reopening
  • The resort, home to the world's most-visited theme parks, was closed to guests in March
  • In a statement on Tuesday, Disney's Chief Medical Officer, Dr. Pamela Hymel, said new requirements from temperature checks, to face coverings and extra sanitation would enable guests to enjoy Disney World "responsibly"
Source: Bloomberg Finance L.P.
  • Yesterday set new records for infections and deaths across the U.S. as the Trump administration began the process of leaving the World Health Organization
  • Some of President Donald Trump's aides are reportedly looking to undermine the Hong Kong dollar peg to the U.S. currency to punish China for recent moves to reduce freedom in the former British colony

AYR Strategies Inc* (AYR.A: $10.55)
Calibre Mining Corp.* (CXB: $1.56)
Endeavour Mining Corporation* (EDV: $34.92)
Kirkland Lake Gold Ltd.* (KL: $59.71)
Neo Performance Materials, Inc.* (NEO: $8.70)
O3 Mining Inc* (OIII: $2.70)
Kraken Robotics Inc* (PNG: $0.58)
SLANG Worldwide, Inc.* (SLNG: $0.15)

BioXcel Therapeutics, Inc.* (BTAI: $49.98)
STAAR Surgical Company* (STAA: $57.95)
Cansortium Inc.* (TIUM-U: $0.30)

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