In the trading session on Monday, Palantir Technologies Inc. (PLTR) jumped 21.34 percent to $28.94. The big data analytics expert, according to Bloomberg, has secured a three-year deal with the FDA, the U.S. Administration of Food and Medications. The $44.4 million contract will strengthen drug record review and control.
Pfizer Inc (PFE) was up 2.26 percent to $41.25. In India, the biotechnology company applied for an emergency authorization for a vaccine candidate developed for coronavirus with its German partner BioNTech SE (BNTX), which was up 4.75 percent to $125.70 on Monday.
Activision Blizzard Inc (ATVI) rose 1.72% to $82.27. The Electronic Gaming & Multimedia firm struggled to digest the fact that its CFO, Spencer Neumann, was debauched by Netflix (up 3.5%). The video game publisher accuses the online video pioneer of engaging in a multi-year scheme to debauch its executives, according to Fortune. In order to indefinitely prohibit Netflix from soliciting its staff, Activision is seeking a court injunction.
Cisco Systems Inc (CSCO) was stable at -0.07% to $44.35. An agreement was reached by the company to purchase the British IMImobile (up 47.3 percent in London) for EUR 543 million, about $720 million, a 48 percent premium on the final rates. The U.S. network equipment giant claims that the deal would enable it to improve its product of ‘customer experience as a service’. Cisco enjoys the assistance of its prey’s shareholders comprising 54.5% of the shares. IMI Fixed reported a 30 percent rise in pre-tax profit to EUR 6.8 million in the first half of the year with sales falling by 9 percent to EUR 76 million.
Airlines Holdings Inc. (UAL) was stable at -0.08% to $49.20. Last weekend, the U.S.
airline presented a proposed raise in capital by issuing warrants to stop a
hostile takeover offer to retain the $8.2 billion in tax advantages it
receives, but if it changes power, it will lose.