One of the stocks with bigger loss on Thursday was the Express Inc (EXPR) which dropped -25.95 percent to $1.17 on the day. It must be said that the apparel store was unscrewed as it posted a bigger-than-expected loss in the third quarter.
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Facebook Inc (FB) fell -1.97 percent to settle at $281.85. The U.S. states, including New York, are expected to launch antitrust litigation against the Menlo Park-based social networking platform next week, according to Reuters sources familiar with the matter. This larger action will entail more than 40 states joining New York. The exact reason for the assertion is not clear, but it will cover acquisitions of smaller competitors such as Instagram and WhatsApp. The FTC could also come into action to be part of that litigation.
To Pfizer Inc (PFE) dropped -1.74 percent to $40.09 while BioNTech SE (BNTX) fell -1.99 to $118.68. As early as this year the UK could get 4 to 5 million doses of the Pfizer/BioNTech vaccine against the current coronavirus. The number of doses would depend on different factors, including the output and approval of other regulators, according to Wall Street Journal reports.
Dollar General Corporation (DG) dropped -1.49 percent to close the trading at $214.49. The U.S. discount retailer encountered high demand over the past quarter. The October quarter adjusted EPS was $2.31 per share, up 63 percent from a consensus of $1.96. Revenues rose by 17 percent to $8.2 billion. Like-for-like growth amounted to 14%. However, DG did not update its annual guidance.
Eli Lilly and Company (LLY) lost -0.72 percent to close at $144.11 on Thursday. The Indianapolis drug manufacturer said that the U.S. government has bought for $812.5 million an additional 650,000 doses of its experimental antibody therapy for Covid-19.
Amazon.com Inc (AMZN) slipped -0.52 percent to $3186.73 at ring of the bell. The e-commerce giant will hold exclusive negotiations, as the Wall Street Journal knows, to acquire independent podcast publisher Wondery. Familiar sources on the WSJ report suggest that more than $300 million in valuation could come out. This year, Wondery will have more than $40 million in revenues.
3M Company (MMM) remained stable at -0.01 percent to end the trading at $171.83. As part of a turnaround that would save up to $350 million, Minnesota industrial giant reported the elimination of about 2,900 jobs worldwide and a reduction in investment in lower-expansion markets.
