Here are the top news, trends, and analysis investors need to get their trading day started:
Traders on the floor of the New York Stock Exchange.
Dara Khosrowshahi, CEO of Uber, speaks at a product launch event in San Francisco, California on September 26, 2019.
Philip Pacheco | AFP via Getty Images
Over posted on monday Record gross postings for March, which signals an upturn in demand for hailstorms. The tech giant’s amusement ride was hit hard by pandemic lockdowns last year. However, Uber benefited from a boom in food delivery that helped contain losses in 2020. Uber’s shares rose 2% on the Monday ahead of the market.
Federal Reserve Chairman Jerome Powell speaks at a virtual press conference in Tiskilwa, Illinois on December 16, 2020.
Daniel Acker | Bloomberg | Getty Images
Chairman of the Federal Reserve Jerome Powell affirmed the central bank’s commitment to maintain loose monetary policy despite viewing a rapidly recovering economy from the depths of the pandemic. “I think it is highly unlikely that we will raise rates this year,” Powell said in an interview that aired on Sunday on “60 minutes”. “I am able to guarantee that the Fed will do whatever it takes to support the economy for as long as it takes to complete the recovery,” he added. This support includes near-zero short-term lending rates and $ 120 billion monthly bond purchases.
A health worker administers a dose of the Pfizer-BioNtech COVID-19 coronavirus vaccine at a mobile clinic near Moshav Dalton, northern Israel, on February 22, 2021.
Jalaa Marey | AFP | Getty Images
The coronavirus variant discovered in South Africa can evade part of the protection of the two-shot vaccine from PfizerBioNTechAccording to a new Israeli study. The researchers found that the prevalence of the strain in patients who received both doses of the vaccine was about eight times higher than in patients who were not vaccinated.
View of Regeneron Pharmaceuticals corporate, research and development headquarters on Old Saw Mill River Road in Tarrytown, New York.
Lev Radin | LightRocket | Getty Images
Regeneron plans ask the FDA so that his Covid antibody therapy can be used as a preventive treatment. In a Phase 3 clinical trial, the company announced that the drug cocktail reduced the risk of symptomatic infections in individuals by 81%. The therapy was given to the then president Donald Trump shortly after he was diagnosed with coronavirus last year.
President Joe Biden speaks as he announces gun violence prevention measures in the Rose Garden of the White House in Washington on April 8, 2021.
Kevin Lamarque | Reuters
Satya Nadella, CEO of Microsoft, speaks during the Future Decoded Tech Summit on February 25, 2020 in Bengaluru, India.
Samyukta Lakshmi | Bloomberg | Getty Images
Microsoft is in advanced talks to buy voice recognition company Nuance Communicationsa person familiar with the discussions told CNBC. One transaction could be announced on Mondaythe person said, adding that Microsoft is ready to pay about $ 56 per share. Nuance’s shares rose nearly 24% to over $ 56 on the Monday leading up to its IPO. By purchasing Nuance, Microsoft’s speech software capabilities can be expanded. After purchasing LinkedIn for $ 27 billion in 2016, Nuance would be Microsoft’s second-largest acquisition at $ 16 billion. Microsoft’s stocks haven’t changed much.