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Hot Stocks
Fly Intel: Top five weekend stock stories » 20:09
04/05/20
04/05
20:09
04/05/20
20:09
GILD

Gilead

$78.22 /

+1.255 (+1.63%)

, BA

Boeing

$124.59 /

+1.38 (+1.12%)

, FB

Facebook

$154.19 /

-3.92 (-2.48%)

, TWTR

Twitter

$23.08 /

+0.07 (+0.30%)

, GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

, UAL

United Airlines

$22.89 /

-0.53 (-2.26%)

, CMCSA

Comcast

$33.94 /

-0.43 (-1.25%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

, T

AT&T

$27.46 /

-1.305 (-4.54%)

, VZ

Verizon

$54.72 /

-0.52 (-0.94%)

, ABT

Abbott

$79.50 /

+0.075 (+0.09%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, HRL

Hormel Foods

$48.37 /

+0.72 (+1.51%)

, JNJ

Johnson & Johnson

$134.13 /

+1.05 (+0.79%)

, KMB

Kimberly-Clark

$130.02 /

+0.58 (+0.45%)

, MDT

Medtronic

$86.17 /

+0.02 (+0.02%)

, PG

Procter & Gamble

$115.10 /

+0.68 (+0.59%)

, TROW

T. Rowe Price

$95.02 /

-2.13 (-2.19%)

Catch up on the…

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Gilead Sciences (GILD) said it is donating 1.5M doses of its experimental anti-coronavirus drug remdesivir, which could treat 140,000 patients. In an open letter, Chairman and CEO Daniel O'Day said that the drug will be offered for compassionate use, expanded access and clinical trials, and will treat patients with severe symptoms. "Our existing supply, including finished product ready for distribution as well as investigational medicine in the final stages of production, amounts to 1.5 million individual doses. Depending on the optimal duration of treatment, which is something we are studying in clinical trials, this supply could equate to well over 140,000 treatment courses for patients. [...] Gilead is providing the entirety of this existing supply at no cost, to treat patients with the most severe symptoms of COVID-19. The 1.5 million individual doses are available for compassionate use, expanded access and clinical trials and will be donated for broader distribution following any potential future regulatory authorizations. These doses are for treating patients with severe symptoms, through daily intravenous infusions in a hospital setting. Having a potential treatment in our hands comes with significant responsibility." 2. Boeing (BA) announced that it is extending the temporary suspension of production operations at all Puget Sound area and Moses Lake sites until further notice. "These actions are being taken in light of the company's continuing focus on the health and safety of employees, current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities," the plane maker said in a statement Sunday night. 3. Across the media landscape, advertising is disappearing, one more casualty of the global economic shutdown, and new technology won't be a savior as this is an equal-opportunity problem across print, TV, digital, radio, and outdoor advertising, Eric Savitz wrote in this week's edition of Barron's. Even the most prominent ad buyers lack reasons, and often the means, to buy ads, the author notes, while many of the small and medium-size businesses that buy online ads are struggling to stay solvent. Both Facebook (FB) and Twitter (TWTR) have already warned that they will take a hit from the downturn, and Alphabet's Google (GOOGL) no doubt is seeing the same effects, but so far hasn't discussed the matter, the publication adds. 4. United Airlines (UAL) is cutting nearly 90% of its New York-area flying, as public health officials predicted that the city will reach the peak of its novel coronavirus outbreak in the coming days, The Wall Street Journal's Alison Sider reported. The airline said the reductions set to remain in place for at least three weeks will mean substantially fewer employees will need to show up each day, though workers will continue to receive pay and benefits, the author noted. 5. Comcast (CMCSA), AT&T (T), Verizon (VZ), Abbott Laboratories (ABT), Chevron (CVX), Hormel Foods (HRL), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), Medtronic (MDT), Procter & Gamble (PG), and T. Rowe Price (TROW) saw positive mentions in this week's edition of Barron's.

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Saturday
Periodicals
Internet doing just fine during pandemic, Barron's says » 09:52
04/04/20
04/04
09:52
04/04/20
09:52
VZ

Verizon

$54.72 /

-0.52 (-0.94%)

, T

AT&T

$27.46 /

-1.305 (-4.54%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

, CMCSA

Comcast

$33.94 /

-0.43 (-1.25%)

, NFLX

Netflix

$361.76 /

-8.37 (-2.26%)

, AMZN

Amazon.com

$1,905.33 /

-11.69 (-0.61%)

, AAPL

Apple

$241.43 /

-3.27 (-1.34%)

With everyone stuck…

With everyone stuck working and studying from home, Americans have become sensitive to any news about internet slowdowns, Eric Savitz writes in this week's edition of Barron's. Last month, European Union Commissioner Thierry Breton tweeted that everyone should all stream video in lower-quality standard definition in order to "secure Internet access for all." In response, Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Google's YouTube all announced plans to reduce their video streaming quality in Europe, the author notes. The good news is that U.S. networks are handling the traffic spikes without any major hiccups, with Comcast (CMCSA), the largest U.S. internet service provider, saying that its network is working well, with tests done 700,000 times a day through customer modems showing average speeds running 110% to 115% of contracted rates. AT&T (T), the No. 2 U.S. internet service provider, likewise asserts that its network is performing "very well" during the pandemic, Savitz adds, while Verizon (VZ) also saying its network is handling the traffic well. Reference Link

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Periodicals
Google, Facebook can't save advertising industry this time, Barron's says » 09:21
04/04/20
04/04
09:21
04/04/20
09:21
GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

, GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, TWTR

Twitter

$23.08 /

+0.07 (+0.30%)

, FB

Facebook

$154.19 /

-3.92 (-2.48%)

Across the media…

Across the media landscape, advertising is disappearing, one more casualty of the global economic shutdown, and new technology won't be a savior as this is an equal-opportunity problem across print, TV, digital, radio, and outdoor advertising, Eric Savitz writes in this week's edition of Barron's. Even the most prominent ad buyers lack reasons, and often the means, to buy ads, the author notes, while many of the small and medium-size businesses that buy online ads are struggling to stay solvent. Both Facebook (FB) and Twitter (TWTR) have already warned that they will take a hit from the downturn, and Alphabet's Google (GOOGL) no doubt is seeing the same effects, but so far hasn't discussed the matter, the publication adds. Reference Link

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Friday
Periodicals
Apple acquires AI startup Voysis, Bloomberg reports » 17:37
04/03/20
04/03
17:37
04/03/20
17:37
AAPL

Apple

$241.43 /

-3.27 (-1.34%)

Apple has purchased…

Apple has purchased Voysis, an AI startup that developed a platform for digital voice assistants to better understand users' natural language, Bloomberg's Mark Gurman reports. The startup focused on improving digital assistants within online shopping apps, so the software could respond more accurately to voice commands, Gurman notes. Reference Link

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Apple buys voice tech company Voysis to improve Siri, Bloomberg says » 17:07
04/03/20
04/03
17:07
04/03/20
17:07
AAPL

Apple

$241.43 /

-3.27 (-1.34%)

Apple has acquired…

Apple has acquired Voysis, an AI and voice technology company that the tech giant seeks to use to improve Siri, Bloomberg reports. Apple said it acquires smaller tech companies from time to time, Bloomberg notes.

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Google working with U.K. academics to track COVID-19 spread, Bloomberg says » 16:52
04/03/20
04/03
16:52
04/03/20
16:52
GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

Alphabet's Google is…

Alphabet's Google is working with researchers in Europe to monitor the spread of COVID-19 using troves of location data taken from smartphones, Bloomberg's Ryan Gallagher reports. The company is collaborating with academics from the University of Southampton in Great Britain, who in turn are working with the European Centre for Disease Prevention and Control, Gallagher says, citing several people involved in the project. The data, which Google gathers from location-enabled apps, has been shared with the researchers in an aggregated and anonymized format, the author notes. Reference Link

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DOJ steps up investigation of $2.1B Google, Fitbit deal, NY Post says » 16:49
04/03/20
04/03
16:49
04/03/20
16:49
GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

, GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, FIT

Fitbit

$6.40 /

-0.19 (-2.88%)

The U.S. Department of…

The U.S. Department of Justice is ramping up its probe of Google's (GOOG) proposed $2.1B takeover of Fitbit (FIT), a transaction that critics claim could pose increased threats to customer privacy, the New York Post's Josh Kosman reports, citing two sources close to the situation. In a move that typically signals added scrutiny for a deal, regulators are now conducting a second request review, asking for more information and taking additional time to look into the deal, Kosman says. Assistant Attorney General Makan Delrahim, who leads the DOJ's antitrust division, has recused himself from the case due to his past history as a lobbyist working for Google, the author notes. Currently, Attorney General William Barr will issue civil investigative demands to parties in the inquiry and will be more directly involved in the review, the author says. Reference Link

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Hot Stocks
ViacomCBS, beIN Media complete Miramax transaction » 12:20
04/03/20
04/03
12:20
04/03/20
12:20
VIAC

ViacomCBS

$12.18 /

-0.58 (-4.55%)

, VIACA

ViacomCBS

$16.00 /

-0.8 (-4.76%)

ViacomCBS and beIN MEDIA…

ViacomCBS and beIN MEDIA GROUP announced the closing of the previously announced MIRAMAX transaction. ViacomCBS has acquired a 49% stake in MIRAMAX, the global film and television studio, while beIN retains a 51% stake in the company. MIRAMAX's current leadership team will continue in their existing roles. ViacomCBS acquired 49% of MIRAMAX from beIN for a total committed investment of $375M. Approximately $150M was paid at closing, while ViacomCBS has committed to invest $225M - comprised of $45M annually over the next five years - to be used for new film and television productions and working capital. In addition, Paramount Pictures entered into an exclusive, long-term distribution agreement for MIRAMAX's film library; and an exclusive, long-term first-look agreement allowing Paramount Pictures to develop, produce, finance and distribute new film and television projects based on MIRAMAX's IP. Moelis & Company served as exclusive financial advisor to beIN, while Skadden, Arps, Slate, Meagher & Flom served as legal counsel. Guggenheim Securities served as exclusive financial advisor to ViacomCBS, while O'Melveny & Myers served as legal counsel.

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Amazon makes push to become 'leading' creator of video games, NY Times says » 09:47
04/03/20
04/03
09:47
04/03/20
09:47
AMZN

Amazon.com

$1,921.95 /

+4.93 (+0.26%)

, MSFT

Microsoft

$154.75 /

-0.47 (-0.30%)

, GOOG

Alphabet

$1,114.16 /

-9.64 (-0.86%)

Seth Schiesel from the…

Seth Schiesel from the New York Times wrote on Thursday that "internet giant" Amazon (AMZN) is making a push into "a new front in the campaign to dominate digital entertainment." According to the NY Times story, Amazon is looking to make its presence known as a creator of video games not just a distributor. Amazon is aiming its efforts at rivals Google (GOOG) and Microsoft (MSFT), which have broadened their video game offerings, the NYT story added. "The internet giant said it intended to release its first original big-budget game, an ambitious science-fiction shooter called Crucible, in May after several coronavirus-related delays. It is also developing a full-fledged cloud gaming platform under the code name Project Tempo," added the New York Times. Reference Link

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Apple retail stores to remain closed until May, Bloomberg reports » 09:10
04/03/20
04/03
09:10
04/03/20
09:10
AAPL

Apple

$244.70 /

+3.69 (+1.53%)

Apple said that its…

Apple said that its retail stores in the U.S. will remain closed and work-from-home procedures will stay in place until early May due to the COVID-19 pandemic, Mark Gurman of Bloomberg reported, citing a memo to employees from Apple senior VP of retail and people Deirdre O'Brien. The company anticipates that flexible work arrangements will remain in place. Reportedly, some retail outlets outside of the U.S. could open as early as the first half of April. Reference Link

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