U.S. motor company Tesla Inc (TSLA) gained 8.21%, jumped back to $400 billion in market capitalization. Indeed, Elon Musk’s group will join the S&P 500 large index beginning at the end of December, forcing index management to position itself on the subject.
Amazon.com Inc (AMZN) was up 0.15% on Tuesday. A portion of the group’s US website and the mobile app is the plan of company’s ‘Amazon Pharmacy’ deal. This makes it easier for consumers to order their drugs. U.S. customers can also use their health insurance to pay directly. Premium subscribers who do not use insurance on the Amazon platform or at nearly 50,000 participating pharmacies are eligible for discounts on generic and branded treatments. The bid was unveiled two years after the $753 million acquisition of PillPack, an online pharmacy player.
BioNTech SE (BNTX) dropped -5.02 per cent) and Pfizer Inc (PFE) lost -3.46 percent at close of trading. With storage needed at almost -70 degrees, the Wall Street Journal raised concerns about logistics and distribution of their vaccine candidate. In four U.S. states, Pfizer will begin introducing its distribution program.
GameStop Corp. (GME) slipped -3.57% on the day. The Wall Street Journal understands that RC Ventures, a shareholder in the U.S. gaming distribution business, has sent a letter to its board of directors requesting GameStop to conduct a strategic review.
Baidu Inc (BIDU) came losing -2.65% on Tuesday. Wall Street-listed local search engine leader Google posted better-than-expected quarterly sales growth and announced the acquisition of social network JOYY’s streaming platform YY Live for nearly $3.6 billion to diversify its business.
The firm Berkshire Hathaway Inc (BRK-A) (stable at 0.00%) of Warren Buffett has invested $5.7 billion in four pharmaceutical companies. Pfizer, Merck and Co, Bristol-Myers and AbbVie are the lucky ones. In addition, during the third quarter, Berkshire decreased its equity stakes in Wells Fargo, JP Morgan and PNC Financial Services. Costco, the pioneer in warehousing stores, has also relied on Buffett’s company.