viewGilead Sciences, Inc.

Market Report: FTSE gets an injection of optimism from US Remdesivir approval

FTSE 100 got a lift as a first treatment for COVID-19, remdesivir, was approved in the US. London’s leading index added 41 points to 5,826 in early dealings.

Gilead Inc (NASDAQ:GILD) produces remdesivir and it is said to cut COVID-19 recovery times by five days. According to the World Health Organisation, though, it has little to no effect in reducing deaths.

UK retail sales volumes rose by 1.5% in September from August’s level. It was the fifth consecutive month of retail sales growth and above February’s pre-pandemic figures.

Barclays PLC (LON:BARC) posted another profit in the third quarter of 2020 as bad debt provisions eased. Impairment charges in the second half are expected to be much below the first half’s £3.7bn.

Braveheart Investment Group PLC (LON:BRH) has said a new antiviral face mask that can kill will by launched by investee company Pharm2farm by the end of the year.

Remote Monitored Systems, which has agreed to buy P2F, also got a boost. Aminex PLC (LON:AEX) has completed its farm-out deal with ARA Petroleum Tanzania Limited (APT). The company now retains a 25% interest in the Ruvuma asset – which includes the Ntorya gas project and exploration areas – and APT will fund a forward programme.

Shanta Gold Limited (LON:SHG) is to raise a meaty £31mln by way of a placing and a direct subscription of shares priced at a modestly discounted 16.5p each.  Directors of the gold miner are stumping up about £270,000.

Quick facts: Gilead Sciences, Inc.

Price: 60.67 USD

Market: NASDAQ
Market Cap: $76.05 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Pan African Resources expands investor base with OTCQX upgrade, reveals...

Pan African Resources plc (LON:PAF) (OTCQX:PAFRY) CEO Cobus Loots tells Proactive that the South African-based gold-mining group upgraded to trade its shares on the OTCQX Best Market, because he feels the group has a lot to offer to US investors in terms of its profits, dividends, and growth,...

9 hours, 27 minutes ago

2 min read