Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Wall Street on Monday recovered a chunk of last week’s sharp losses, with investors finding some comfort in President Donald Trump’s rosy talk of a China trade deal.
During an economic summit in France, the president reversed himself yet again, telling reporters the United States and China were set to resume efforts to resolve their year-long trade war despite some contradiction from Beijing.
The conflict suffered major escalations last week when Trump said the US did not need a deal, raised tariffs on Chinese goods, and said he was “ordering” US companies to leave the country.
The benchmark Dow Jones Industrial Average gained just over than 1.0 per cent to end the session at 25,898.83, while the broader S&P 500 gained 1.1 per cent to close at 2,878.38.
The tech-heavy Nasdaq jumped 1.3 per cent, settling at 7,853.74.
Despite the gains at the start of the week, all three indexes are still on track to close out the month in the red for the first time since May.
“Considering the magnitude of the loss on Friday, the rally is a very mild one,” Peter Cardillo of Spartan Capital told AFP.
“There’s still a lot of uncertainties.” Trade-exposed companies posted gains, with iPhone maker Apple rising 1.9 per cent.
Meanwhile, drug maker Celgene rose 3.2 per cent on news it is selling its psoriasis drug Otezla to Amgen to clear the way for Celgene’s acquisition by Bristol-Myers Squibb.
Shares in Amgen and Bristol-Myers Squibb also rose 3.2 per cent and 3.4 per cent respectively.
Healthcare giant Johnson & Johnson gained 0.8 per cent, before an Oklahoma judge ordered the company to pay USD 572 million for its role in the state’s opioid addiction crisis. The stock shot up in after-hours trading.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Given the events in Washington DC on January 6, this week’s quiz is all about buildings that house or housed ...
While good writing wars against the cliché, television gives it a natural home
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor