Weekly Download - May 25
After 100 years in business, Hertz (Tii:HTZ) filed for bankruptcy on Friday, proving to be yet another casualty during Covid-19.
Dr. Anthony Fauci made a series of positive comments about Moderna's (Tii:MRNA) early COVID-19 vaccine data on Thursday night and Friday morning, sending shares higher by more than 5%.
Floor trading set to resume Tuesday; crowds hit beaches in Florida and Italy; and the NBA looks to a July restart in Florida .
J.C. Penney’s (Tii:JCP) is bankrupt, bracing to close at least 200 stores, and is considering selling itself. If the company doesn’t emerge healthy by restructuring through Chapter 11, liquidation becomes a possibility. And Amazon (Tii:AMZN) is said to be a contender for either all or parts of Penney’s.