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Global COVID-19 caseload at pandemic high for second straight week, says WHO

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 154 million on Wednesday, and the World Health Organization said cases had remained at their highest levels since the start of the outbreak for a second straight week.

3:35 p.m. Today
Berkshire Hathaway’s CEO-in-waiting has a lot of Warren Buffett in him — plus more

Patient investor, Midwesterner and bargain-hunter, Greg Abel has what it takes to lead when the time comes.

3:15 p.m. Today
Novogratz says Galaxy’s $1.2 billion planned BitGo tie-up brings it a step closer to being Goldman Sachs of crypto

Galaxy Digital's CEO Mike Novogratz says that he aspires to make his financial services firm the Goldman Sachs of the crypto banking world and Wednesday's announced acquisition of BitGo brings him one step closer to creating that powerhouse franchise.

3:02 p.m. Today
Canada authorizes Pfizer's COVID-19 vaccine for kids between the ages of 12 and 15 years old

Shares of Pfizer Inc. gained 2.5% in trading on Wednesday after Canadian regulators said they authorized using the company's COVID-19 vaccine for children between the ages of 12 and 15 years old. Pfizer developed the vaccine in partnership with BioNTech SE . Health Canada said in a news release that this is the first coronavirus vaccine that has been authorized for this age group. The vaccine is also expected to receive emergency-use authorization for the same age group in the U.S. sometime in the next week. Pfizer's stock has gained 8.3% since these start of the year, while the S&P 500 is up 11.6%. Health Canada received an application to expand the indication of Pfizer-BioNTech's COVID-19 vaccine on April 16, 2021. The vaccine was initially authorized for use in people 16 years of age and older on December 9, 2020.

10:42 a.m. Today
UPDATE: Canadian cannabis company Sundial to acquire Inner Spirit in cash-and-stock deal valued at C$131 million

Canadian cannabis company Sundial Growers Inc. said Wednesday it has reached an agreement to acquire Inner Spirit Holdings Ltd. , a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada, in a cash and stock deal valued at about C$131 million ($106.7 million). Under the terms of the deal, Inner Spirit shareholders will receive 30 cents in cash and 0.0835 of a Sundial common share for each share owned, equal to 39 cents per share. That represents a premium of 54.8% over the 10-day volume-weighted average price of Inner Spirit shares on the Canadian Securities Exchange, and a premium of 62.5% over its closing price on Tuesday. The deal is expected to close early in the third quarter. Both companies are microstocks; Sundial closed at 79 cents on Tuesday, while Inner Spirit closed at 20 cents. Inner Spirit has 86 stores in British Columbia, Alberta, Saskatchewan, Ontario, and Newfoundland and Labrador. U.S.-listed shares of Sundial, which once had a $1 billion valuation, , were up 4.9% premarket.

9:00 a.m. Today
5/5/2021 4:23pm
Royal Bank of Canada
+1.12 +0.95%
5/5/2021 4:29pm
Suncor Energy Inc.
+0.98 +3.64%
5/5/2021 4:00pm
Barrick Gold Corp.
+0.24 +0.89%
5/5/2021 3:01pm
Potent Ventures Inc.
+0.0050 +5.88%
5/5/2021 4:23pm
Bank of Montreal
+0.73 +0.63%
5/5/2021 4:00pm
Augusta Gold Corp.
+0.11 +5.53%
5/5/2021 4:00pm
Canadian Imperial Bank of Commerce
+0.83 +0.65%
5/5/2021 4:00pm
Bombardier Inc. Cl B SV
-0.04 -4.30%


U.S. oil prices finish lower as traders reconsider demand prospects

Oil futures end mixed Wednesday, with Brent prices up slightly and U.S. prices shaking off early gains to finish lower. Traders reconsider the outlook for demand, despite U.S. data showing the biggest weekly drop in domestic crude supplies since January.

3:10 p.m. Today
Gold ends higher after Yellen walks back talk of interest-rate hike

Gold prices rise on Wednesday, a day after the commodity finished lower on the back of comments from U.S. Treasury Secretary Janet Yellen, which were viewed as bearish for precious metals.

2:03 p.m. Today
CME to close most of its Chicago trading pits permanently

The exchange operator CME Group CME said it would permanently close most of its open-outcry trading pits in Chicago, ending one of the world’s last vestiges of old-fashioned floor trading.

9:11 a.m. Today
Gold prices finish lower as Yellen suggests a potential rise in U.S. interest rates

Gold prices finish lower on Tuesday after U.S. Treasury Secretary Janet Yellen suggested that interest rates may need to rise to keep the economy from overheating.

2:09 p.m. May 4, 2021
Palladium touches an all-time record high above $3,000 an ounce

Palladium futures touched their highest levels on record Tuesday, as strength in U.S. vehicles sales bode well for the metal used in catalytic converters, which reduce emissions from gasoline-powered engines.

2:03 p.m. May 4, 2021
Global Dow /zigman2/quotes/210599024/realtime 3,972.63 +42.45 +1.08%
Gold /zigman2/quotes/210034565/delayed 1,786.70 +10.70 +0.60%
Brent crude /zigman2/quotes/209704782/delayed 68.68 -0.28 -0.41%
Natural gas /zigman2/quotes/210189548/delayed 2.95 -0.02 -0.71%

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