The energy sector drove Canada's main stock index higher on Monday, as more signs of progress in developing a COVID-19 vaccine bolstered hopes of an economic revival and lifted oil prices.
- U.S. President Donald Trump on Friday announced two rules aimed at lowering drug prices for people 65 and older in the Medicare health insurance program, prompting a biotechnology industry group to accuse the president of seeking political revenge.
Berkshire Hathaway Inc's new bet on the U.S. pharmaceutical industry signals hope for shares of large drug companies, which have lagged a broad market rally amid concern about efforts to rein in prescription drug prices.
Berkshire Hathaway Inc's new bet on the U.S. pharmaceutical industry signals hope for shares of large drug companies, which have lagged a broad market rally amid concern about efforts to rein in prescription drug prices.
Canada's main stock index rose on Monday, as energy stocks jumped 3% tracking oil prices, after U.S. drugmaker Moderna Inc (MRNA) said its experimental vaccine was 94.5% effective in preventing COVID-19. * Moderna Inc (MRNA) became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, which raised hopes of a quicker economic recovery from a pandemic-led recession.
* Apple (AAPL) gains ahead of expected new iPhone launch. * Amazon (AMZN) rises as two-day 'Prime' shopping event gets underway. * JPMorgan (JPM), Citigroup (C), BlackRock (BLK) rise after results. * Disney (DIS) jumps as it turns around its media business. * Futures: Dow down 0.38%, S&P dips 0.06%, Nasdaq up 0.96% By Medha Singh.
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