Tuesday 27 April 2021

Reuters Business: Novavax shares jump after Biden says focusing on its vaccine

Novavax shares jump after Biden says focusing on its vaccine

Shares of Novavax Inc (NVAX.O) surged 16% in extended trading on Tuesday after President Joe Biden said the United States was planning to share COVID-19 vaccines with countries in need of aid.

Microsoft sales grow on cloud strength but shares fall on heightened expectations

Microsoft Corp (MSFT.O) on Tuesday met analysts' expectations for its quarterly sales and beat profit estimates, but shares fell slightly as investors looked for signs of a stronger economic recovery and stellar performance as its market value has soared.

Longer runway, daunting challenges ahead for Boeing CEO

Boeing Co's (BA.N) newly prolonged CEO Dave Calhoun will unveil the U.S. planemaker's results on Wednesday juggling a barrage of technical and financial challenges under the shadow of mounting political tensions between the United States and China.

Mondelez quarterly sales beat estimates on snacking boom

Mondelez International Inc (MDLZ.O) beat Wall Street estimates for first-quarter revenue on Tuesday, boosted by higher demand for its biscuits and chocolates in Asian and European markets.

Musk trolls Bezos as space race between world's richest men heats up

The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract.

Texas Instruments quarterly revenue beats estimates

Texas Instruments Inc (TXN.O) reported better-than-expected quarterly revenue on Tuesday, thanks to strong demand for its chips used in personal electronic gadgets such as televisions and PCs.

Wall Street ends mostly flat ahead of earnings wave

Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.

Visa beats profit estimates as spending volumes recover

Visa Inc (V.N) beat Wall Street estimates for quarterly profit on Tuesday as its customers shopped more online, helping the world's biggest payment processor counter a hit to cross-border volumes from a slowdown in travel and entertainment.

Visa second-quarter profit falls as pandemic crimps travel spending

Visa Inc (V.N) reported a fall in quarterly profit on Tuesday as the COVID-19 pandemic hit large parts of the global travel and retail industries, pressuring cross-border spending volumes for the world's largest payment processor.

Biden administration offers $8.25 bln in loans for power grid

The U.S. Energy Department said on Tuesday it is offering up to $8.25 billion in loans for companies to boost the power grid as part of the Biden administration's goal to set the country on a path to 100% clean energy by 2035.

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