Activision stock price sees 1984 levels, record valuation on expansion plans

Andreas Milano

Activision Blizzard Inc. shares on Friday closed at their highest price since 1984, or at an all-time high when you take several stock splits into account, following strong earnings and an outlook that seeks to tap more of the fast-growing mobile gaming market.

Activision Blizzard
ATVI,
+9.64%
shares rallied more than 12% intraday Friday, and closed up 9.6% at $101.61. That’s the first time Activision stock price has finished above $100 since Jan. 20, 1984, when the stock closed at $103.12, according to FactSet data. Accounting, however, for the nine stock splits since then, shares finished at an all-time high … Read More

Woman Charged With Scheme To Illegally Obtain Millions In Covid Relief Loans

Andreas Milano

Federal law enforcement officials arrested an Oakland woman Friday for her alleged role in a scheme to illegally obtain some $4.5 million in federal relief loans.

According to the federal criminal complaint filed by the U.S. Attorney’s office, Christina Burden, 31, is charged with one count of bank fraud after she applied for and received a $684,375 loan last June from the Paycheck Protection Program for her shell company “Blessing Box Co. LLC.”

Between April and June 2020, Burden allegedly submitted nine other fraudulent applications to the PPP, which was established last March to help businesses keep their employees on

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The Country Needs To Do Much More About Unemployment

Andreas Milano

People out of work. It’s become a regular topic and, therefore, something most people begin to tune out. Other than those affected, labor economics, economics journalists, and some organizations that

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Global Sports Nutrition Food Market 2020 Growth Rate, Top Manufacturers Profiles, Applications, Gross Margin, and Market Share 2025

Andreas Milano

The MarketWatch News Department was not involved in the creation of this content.

Feb 03, 2021 (CDN Newswire via Comtex) —
Global Sports Nutrition Food Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 focuses on showing high-end research by understanding the major trends, key players, and several other aspects of the industry. The report shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share along with product type and applications, key companies responsible for the production, and utilized strategies are also marked. The report gathers data and information with the help of the most

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Brazil Favelas Launch Bank Amid Economic Hit Of Pandemic

Andreas Milano

The economic toll of the coronavirus pandemic has hit especially hard in Brazil’s favelas, but the country’s 10 biggest slums now have a plan to fight back: they are launching their own bank.

Dubbed the “G10 Bank,” the new financial institution is set to open later this month, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to slum-dwellers excluded from the traditional banking system.

Brazil has the second-highest death toll worldwide in the pandemic, after the United States, with more than 225,000 people killed.

Elizandra Cerqueira, founder of the Bistro Mains de Marie restaurant,

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Jazz Pharma to Buy GW Pharma for $7.2 Billion, Adding Cannabis-Based Drug to Portfolio | Investing News

Andreas Milano

By Ankur Banerjee, Shariq Khan and Rebecca Spalding

(Reuters) – Jazz Pharmaceuticals Plc said on Wednesday it had agreed to buy GW Pharmaceuticals plc in a $7.2 billion cash-and-stock deal which will bolster its neuroscience business with the addition of a cannabis-based epilepsy treatment.

GW Pharma’s Epidiolex, the first marijuana-derived drug to be approved in the United States, generated sales of over $500 million for the U.K.-based company last year. Analysts expect sales to breach $1 billion soon.

The drug was approved in June 2018 for use in patients aged two years and older with rare childhood-onset forms of epilepsy

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