Week 07/27/2020 - 08/02/2020

Senate Republicans proposed a $1 trillion coronavirus aid package and called this act “HEALS Act”.
The ICE U.S. Dollar Index DXY, 0.07% slipped to a two-year low below 94.00.
Google will keep its employees home until at least next July.
Biotech firm Moderna got extra $472 million in COVID-19 vaccine funding from the US government. Also, it cooperates with the National Institutes of Health to begin one of the first large study of COVID-19.
Warner Bros decided to release Chris Nolan’s threller “Tenet” to international theaters on August 26th.

The value of U.S. Dollar keeps diminishing and the greenback is down 9% from its March highs.
The Trump administration said it plans to give a $765 million loan to Eastman Kodak for the company to manufacture ingredients used in pharmaceuticals. It’s the first investment from the U.S. International Development Finance Corp..
Instagram offers money to some TikTok stars to switch to Reels.
Mcdonald’s sales plunge 23%.
Starbucks sales plunge 40%.
3M’s sales also plunge.

AMC and Universal will slash the theatrical window from 75 days to 17 days.
Heads of Amazon, Apple, Facebook and Google testify on Big Tech’s power.
Due to the pandemic, Blue Apron has its first profitable quarter.
Spotify lost $419 million this quarter due to the ad revenue’s falling.
Canadian e-commerce platform reported a 97% annual increase in revenue in the last quarter.
Boeing lost @2.4 billion and the revenue fell 25% last quarter.

Trump brought up the idea of delaying the election. Both Republicans and Democrats dismissed the delay.
The U.S. economy had its worst period ever in the second quarter, with GDP falling a historic 32.9%.
Amazon’s quarterly project doubled to $5.6 billion from last year, its sales in last quarter was $89 billion($50 billion from products and $39 billion from services) and it created 175K jobs.
Apple has $11 billion profit last quarter, its sales were $60 billion. It benefits from pandemic since its service sales (App Store, Apple Pay and Apple Music) were up 15%. Also, Apple announced to do a 4-for-1 stock split at the end of August (which means investors who own 1 $400 Apple share will own 4 $100 shares).
Google reported a drop in sales for the first time as a public company.
Facebook reports 11% sales growth.
Peacock - the new streaming service - has signed up 10 million users.

The U.S. government will pay Sanofi and GlaxoSmithKline up to $2.1 billion to develop and deliver 100 million doses of their potential coronavirus vaccine.
Three teenagers have been charged for Twitter’s huge hack. One of the teenagers is a 17-year-old teenager from Florida called Graham Clark, who’s accused of being the “masterhead” of this hack.
After its earning report, Apple shares surged and topped Saudi Aramco to become the world’s largest company by market value.

Microsoft confirmed that it prepared to continue discussions to explore a purchase of TikTok in the United States.
White House’s official told CNN that the coronavirus is more widespraed than before.
The astronauts (Bob Behnken and Doug Hurley) aboard SpaceX’s Dragon Endeavour capsule executed the world’s highest cannonball yesterday. It will be the first aplashdown for astronauts in 45 years. They aim for Florida coast to end SpaceX flight.
Lord & Taylor filed for Chapter 11 bankruptcy.