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Covid-19 vaccine company under federal investigation after allegedly misrepresenting its role in government program Operation Warp Speed – CNN

California biotech company Vaxart, which is working on a Covid-19 vaccine, is under federal investigation and is being sued by a number of investors for alleged…

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New York (CNN Business)California biotech company Vaxart, which is working on a Covid-19 vaccine, is under federalinvestigation and is being sued by a number of investors for allegedly exaggerating its involvement in the US government’s Operation Warp Speed program for developing Covid-19 vaccines and treatments.
Vaxart stated in an October 14 Securities and Exchange Commission filing that it’s being investigated by the SEC and federal prosecutors, and that it was served with a grand jury subpo…

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IBM reports third straight quarter of revenue declines – CNBC

Revenue declines have returned under new IBM CEO Arvind Krishna as he seeks to sell off part of the company’s largest business segment.

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Shares of IBM fell slightly in extended trading on Monday after the company released third-quarter earnings that were in line with what analysts had expected.
Here’s how the company did:

  • Earnings: $2.58 per share, adjusted, vs. $2.58 per share as expected by analysts, according to Refinitiv.
  • Revenue: $17.56 billion, vs. $17.54 billion as expected by analysts, according to Refinitiv.

Revenue declined 2.5%, falling for the third consecutive quarter on an annualized basis…

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Stock market news live updates:Wall Street slumps on fading pre-election stimulus hopes, Dow has worst day in nearly a month – Yahoo Finance

A selloff Monday accelerated as investors continued to weigh fading prospects of a near-term stimulus package, and eyed still-rising coronavirus cases in the…

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A selloff Monday accelerated as investors continued to weigh fading prospects of a near-term stimulus package, and eyed still-rising coronavirus cases in the U.S.
The Dow slid more than 400 points, or 1.4%, as shares of Johnson & Johnson, Microsoft and Apple lagged. The drop marked the indexs worst since September 23. The communication services and energy sectors underperformed in the S&P 500.
Lawmakers over the weekend delivered remarks that briefly stoked optimism that a last-ditch e…

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Intel Nears Deal to Sell NAND Memory Unit to SK Hynix – The Wall Street Journal

Deal with South Korean chip maker could be valued at around $10 billion

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Intel Corp. is nearing a deal to sell a memory-chip unit to South Koreas SK Hynix Inc. for roughly $10 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged.
The companies are discussing a deal that could be announced as soon as Monday, according to people familiar with the matter, assuming the talks dont fall apart at the last minute. Specifics of the transaction, including exactly what SK Hynix would b…

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