Regeneron Pharmaceuticals (REGN) – The biotech company said it aims to have a potential drug for COVID-19 ready for clinical trials by early summer, earlier than previously expected. The drug is designed to both treat and prevent COVID-19.
Pfizer (PFE), BioNTech (BNTX) – The
Boeing (BA) – Boeing debt ratings were downgraded by Standard & Poor’s by one notch to BBB from A-, with the rating agency saying the jet maker’s cash flow for the next two years will be much weaker than originally expected. Separately, the company said it is in talks with White House officials and congressional leaders for short-term financial assistance.
Amazon.com (AMZN) – Amazon said it would hire 100,000 workers to deal with a crush of new orders, resulting from a significant jump in the number of people remaining at home amid the virus outbreak.
PepsiCo (PEP) – The beverage and snack giant was upgraded to “outperform” from “in line” at Evercore, which said PepsiCo is
Zoom Video Communications (ZM) – The video communications platform company was named a “buy” in new coverage at Needham, which thinks Zoom’s “Meetings” product is exceptionally easy to use, and that its use will accelerate due to the
Nordstrom (JWN) – The retailer is closing its stores in the U.S.
Exxon Mobil (XOM) – Exxon said it would make “significant” cuts to planned spending due to the significant drop in oil prices amid the virus outbreak. The oil giant’s shares are now at a 17-year low.
McDonald’s (MCD) – McDonald’s said it would
HD Supply (HDS) – The industrial distributor reported quarterly earnings of 64 cents per share, beating the consensus estimate of 55 cents a share. Revenue was also above forecasts and the company said it would take steps to help its customers navigate
Michaels (MIK) – The arts and crafts retailer beat estimates by a penny a share, with quarterly profit of $1.26 per share. Revenue was essentially in line with forecasts. Same-store sales were down 2.4%, less than the 2.6% drop that was forecast by analysts surveyed by Refinitiv.
Wells Fargo (WFC) – Wells Fargo clawed back $15 million in compensation from former CEO Timothy Sloan, who left the bank last year. A Securities and Exchange Commission filing said the decision was made by the board to take back money granted to him in early 2019, and that Sloan left with no severance.
Comcast (CMCSA) – The company’s Universal Pictures unit is making movies available to rent at
Tesla (TSLA) – Tesla said it delivered its first Model Y SUV, although the automaker did not specify who received the first car.
Procter & Gamble (PG) – Procter & Gamble
Chesapeake Energy (CHK) – Chesapeake has hired debt restructuring advisers as it struggles to deal with a rout in energy prices, according to a Reuters report.