Fidelity Top Stories
BioNtech and Pfizer finish dosing first group of subjects in clinical trial
BioNTech and Pfizer finished dosing the first group of subjects for their Phase 1/2 clinical trial for the BNT162 vaccine against Covid-19 and will help China's Fosun Pharma to do the same.
Fed acknowledges medium-term risks to economy from Covid-19 crisis
Americans can rest assured that the Federal Reserve will do its utmost to maintain loose monetary policy until the economy is firmly on the path to recovery, US rate-setters said.
Gilead Sciences shares halted after 'positive data' from clinical trial
Shares of US biotechnology outfit Gilead Sciences were halted after the company notified markets that "positive data" were emerging from a clinical trial being conducted by the US government's National Institute of Allergy and Infectious Diseases for the use of its Remdesivir treatment against the Covid-19 coronavirus.
Coronavirus 99%-accurate antibody test approved for use in Europe
A new coronavirus antibody test that has proven to be 99% accurate has been certified for distribution across Europe.
US Q1 GDP crashes as consumption and business investment collapse
The US economy shrank sharply and more quickly than expected at the start of the year, even before being hit by the full force of the Covid-19 pandemic.
Alphabet ad sales steady in April
Tech giant Alphabet said on Tuesday evening that Google advertising sales had steadied throughout April as a result of searches for Covid-19 information and online shopping.
WTI oil futures bounce as API reports smaller than expected stockpile build
Crude oil futures were trading higher on Wednesday on either side of the Atlantic following the release of data showing a slightly smaller than expected build in US stockpiles.
Next sales plunge 41% as Covid-19 impact worse than feared
Fashion retailer Next pulled its dividend plan and share buybacks to save almost £500m as sales plunged faster than expected due to the coronavirus lockdown.
Trainline lenders agree waiver on RCF
Rail and coach ticketing website Trainline said lenders had waived covenants on the company's £350m revolving credit facility until August 2021 to help it through the Covid-19 pandemic.
Dixons scraps divi; Online sales offsetting store closure impact
Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.