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This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. U.S. futures are fairly flat, but there are plenty of green shoots. Europe’s energy stocks and crude prices continues to gain, as does Bitcoin. In the U.S., tech futures […]
Enlarge / Picture of vials of Russia’s Sputnik V vaccine against the novel coronavirus disease, COVID-19, seen at the Cotahuma Hospital in La Paz, Bolivia. (credit: Jorge Bernal/Getty Images) Yesterday, the people behind Russia’s leading vaccine, termed Sputnik V, issued a preliminary analysis of its function. The news was quite good: while the trial is […]
Enlarge / A vaccine syringe and vial in front of the GSK (GlaxoSmithKline) logo. (credit: Getty | Anadolu Agency) After its own COVID-19 vaccine setback, GlaxoSmithKline has inked a $180 million deal to help German biotech CureVac manufacture 100 million doses of its mRNA vaccine, which is currently under development. The deal also lays the […]
Good morning. Charlie Scharf took over a tough job when he agreed to be CEO of scandal-ridden Wells Fargo. The company had “made a bunch of mistakes,” he says. And the penalty for those mistakes was a raft of regulatory restrictions that will hobble the bank for years to come. Scharf added his own to that […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. U.S. futures are in the green on the back of strong results from Amazon and Alphabet’s Google yesterday. But, don’t look now: GameStop is up 11% in […]
Enlarge / Aerial view showing a tractor digging graves in a new area of the Nossa Senhora Aparecida, where COVID-19 victims are buried, in Manaus, Brazil. (credit: Marcio James / Getty Images) While attention has been focused on the worrying new variants of SARS-CoV-2, there has been some good news: despite the evolution of a […]
Good morning. Some interesting new research out from IBM today shows how much the C-Suite has changed in the last decade. Some 3,000 global CEOs were asked to say who in the C-Suite would play the most crucial role for the organization in the next two to three years. The top answer—after Chief Operating Officer (57%) […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. As we’ve learned from the meme-stonks trade, what goes up, must also come down. Gulp. Not only is GameStop in a tailspin, but traders are quickly unwinding […]
The chief executive officers of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two largest U.S. oil companies, Dow Jones reported, citing people familiar with the talks. Chevron’s Mike Wirth and Exxon’s Darren Woods spoke as the Covid-19 outbreak hurt oil and gas demand, adding financial strain to both companies, Dow […]
Good morning. Fortune’s World’s Most Admired Companies list is out this morning, and the top three on the leader board won’t surprise you: Apple (14th year in a row at #1), Amazon and Microsoft. Some of the others in the top 50 are less expected. You can find the full list here. But here’s a […]