AMC theaters raising $500 million in debt amid coronavirus closures

Struggling movie theater chain AMC Entertainment, whose movie houses got shuttered nationwide last month by the coronavirus, said late Thursday it will raise $500 million in debt to stay afloat. The largest cinema chain in the US has been the subject of bankruptcy rumors since it shuttered 630 theaters nationwide amid coronavirus restrictions in mid-March. The company also furloughed about […]

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Wall Street shares soar amid hopes for coronavirus treatment with Gilead drugs boost

US stock index futures jumped on Friday amid reports patients with severe symptoms of coronavirus had responded positively to Gilead Sciences’ experimental drug, remdesivir. Gilead Sciences shares surged 11.9 percent in premarket trading after it was reported a study at the University of Chicago Medicine had revealed rapid recoveries in almost all of the more than a hundred severely ill […]

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Oil tumbles to 18-year low as coronavirus dings China GDP

Trump: Oil production to be cut significantly President Trump says OPEC has agreed to cut oil production by approximately 20 million barrels U.S. oil prices plunged Friday after China reported its gross domestic product shrank for the first time since recordkeeping began in 1992 as the economy was shut down to slow the spread of COVID-19. Continue Reading Below West Texas […]

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Savvy shoppers share money saving tips to slash shopping bill

A place where many people start to make savings is through weekly food shopping, which can often take up a significant part of outgoings for families. Many shoppers have used online forums to share their personal tips and tricks to cutting costs on food shopping. And one Mumsnet thread proved to contain valuable advice for weekly plans. READ MORE Universal […]

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BTAI On Track To Report SERENITY Data, REGN Hits All-time High, THMO On Watch

Today’s Daily Dose brings you news about BioXcel’s near-term catalyst; validation of Co-Diagnostics’ CoPrimer technology for use with saline oral rinse samples; Regeneron Pharma’s regulatory catalyst; and FDA allowing ThermoGenesis’ SARS-CoV-2 (COVID-19) IgM/IgG Antibody Fast Detection Kit for distribution. Read on… Shares of BioXcel Therapeutics, Inc. (BTAI) jumped nearly 15 percent on Thursday as the Company gears up to report […]

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U.S. Consumer Prices Drop Slightly More Than Expected In March

Reflecting a steep drop in energy prices, the Labor Department released a report on Friday showing consumer prices in the U.S. fell by slightly more than anticipated in the month of March. The Labor Department said its consumer price index slid by 0.4 percent in March after inching up by 0.1 percent for two straight months. Economists had expected consumer […]

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AP: Ex-Trump Attorney Michael Cohen To Be Released Early From Prison Amid Coronavirus Pandemic

WASHINGTON (AP) — President Donald Trump’s former lawyer and longtime fixer Michael Cohen will be released from federal prison to serve the remainder of his sentence in home confinement amid the coronavirus pandemic, a person familiar with the matter told The Associated Press. Cohen is currently locked up at FCI Otisville in New York after pleading guilty to numerous charges, […]

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Apple CEO Talks Covid-19 Crisis, Return to Work Plan at Company-Wide Meeting

Apple Inc. Chief Executive Officer Tim Cook led a companywide virtual meeting on Thursday to address concerns about the impact of Covid-19 and discuss the iPhone maker’s plan to return to work. During the meeting, Cook called the pandemic an “uncertain and stressful moment,” but expressed confidence that the company will emerge strongly from the crisis, as it did after […]

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