– ViacomCBS will raise $3 billion from stock offerings, following a recent runup in its stock price. The media company will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares.
Media companies with streaming services – like the company's recently rebranded Paramount+ — have been ramping up spending on new content. Viacom fell 5.3% in premarket action. – The solar power company's stock jumped 2.5% in premarket trading after Goldman Sachs upgraded it to "buy" from "neutral," pointing to accelerating growth and valuation. SunRun gained 3.2% Monday after being rated "positive" in new coverage at Susquehanna Financial.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
So AZN lied. Big surprise. Maddening. Especially since we had an effective Rx anyway! Remember HCQ
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