Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector
Positive clinical trial results for Merck & Co’s MRK experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies. Merck shares jumped as much as 12.3% and hit their highest level since Continue Reading
UK factories face mounting supply problems, staff shortages -PMI
British factories in September suffered their weakest month since February when the country was still largely locked down, according to a survey which underscored the impact of supply chain problems and staff shortages for manufacturers. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell for a fourth month in a Continue Reading