Top 5 Stocks To Watchout & Trade Today – July 12, 2021
12 Jul 2021
1. PFIZER: COVID-19 vaccine maker Pfizer Inc (NYSE: PFE) will meet with federal health officials as soon as Monday to discuss the need for a booster dose of the coronavirus vaccine as it prepares to seek authorization, the company said on Sunday.
The meeting comes days after the drugmaker and its partner BioNTech SE (NASDAQ: BNTX) announced plans to seek U.S. and European regulatory approval for a third dose of their COVID-19 shot amid the spread of variants and data they said showed a heightened risk of infection six months after initial inoculation.
That push prompted a quick response from the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention, saying Americans do not need a booster right now.
2. BLACK ROCK:- BlackRock (NYSE: BLK) Chief Executive Larry Fink on Sunday called for governments to develop a stronger long-term climate finance plan to unlock the private capital needed to fund the transition to a low-carbon economy.
Speaking to The Venice International Conference on Climate at a meeting of G20 Finance Ministers, he said without such a plan, current efforts, including on corporate sustainability disclosures, risked being “nothing more than window dressing”.
Fink, who heads the world’s biggest asset manager, with around $9 trillion in assets, also called for reform of the International Monetary Fund and the World Bank to make them more suited to tackle the challenge of climate change.
3. TENCENT:- China’s market regulator on Saturday said it would block Tencent Holdings (OTC: TCEHY) Ltd’s plan to merge the country’s top two videogame streaming sites, Huya (NYSE: HUYA) and DouYu, on antitrust grounds.
Tencent first announced plans to merge Huya and DouYu last year in a tie-up designed to streamline its stakes in the firms, which were estimated by data firm MobTech to have an 80% slice of a market worth more than $3 billion and growing fast.
Tencent is Huya’s biggest shareholder with 36.9% and also owns over a third of DouYu, with both firms listed in the United States, and worth a combined $5.3 billion in market value.
4. TWITTER:-Twitter Inc (NYSE: TWTR)’s India unit appointed a resident grievance officer, days after designating a chief compliance officer, to meet new IT rules in the country, amid tensions with the government.
On Thursday, Twitter had told an Indian court it would appoint an interim grievance officer to comply with the new rules. It had also said it planned to have a final appointment for the job in eight weeks.
The IT rules, which became effective end-May, are aimed at regulating content on social media and making firms act more swiftly on legal requests to remove posts and sharing details on the originators of messages.
5. FORD- Ford Motor (NYSE: F) Co on Friday amended its bylaws to adopt gender-neutral language in an effort to build a more inclusive workplace.
The automaker said it would use the title ‘chair’ in place of ‘chairman’.