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Economy

“Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years”

“The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and… Continue Reading…

Stocks

“Bluebird’s stock falls 21% as it says it will focus on U.S. market for gene therapies, citing ‘European payers'”

“Shares of Bluebird Bio Inc. were down 21.6% in premarket trading on Monday after the company announced several setbacks to its business as part of its second-quarter earnings announcement. Bluebird plans to wind down its gene therapy operations in Europe,… Continue Reading…

Economy

“Used car prices rose 21% during the pandemic: How buyers can find a good deal and sellers can take advantage”

“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…

Stocks

“Boston Beer stock tumbles 21% after weak Truly hard seltzer sales weigh on earnings”

“hares of Boston Beer tumbled 21% in premarket trading Friday after disappointing demand for hard seltzer dragged down the company’s quarterly earnings and revenue. The Sam Adams brewer reported earnings of $4.75 per share on net sales of $603 million. Analysts surveyed… Continue Reading…

Business, Stocks

“Immunomedics shares double after Gilead agrees to buy the cancer drugmaker in $21 billion deal”

“Gilead Sciences will acquire biotech company Immunomedics in a $21 billion deal that will expand Gilead’s availability of cancer treatments, the companies announced on Sunday.  Shares of Immunomedics surged more than 100% in premarket trading Monday. The deal will provide Gilead access to the drug Trodelvy, a… Continue Reading…

Stocks

“Slack skyrockets 21% after IBM says it’s rolling out the platform to all 350,000 of its employees globally (WORK)”

“Shares of the instant-messaging platform gained as much as 21% on Monday morning when Business Insider’s Paayal Zaveri exclusively reported that IBM would deploy the messaging tool to all 350,000 of its employees around the world…” https://markets.businessinsider.com/news/stocks/slack-stock-price-ibm-biggest-account-global-employees-messaging-platform-2020-2-1028890304