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Fisker (FSR) news for Friday includes finalization of deal with special purpose acquisition company (SPAC) Spartan Energy Acquisition
Company hopes to activate production plan with Magna with deal that earns $ 1.0 billion available for development
The disclosure highlights the company's commitment to sustainable development; since 2013, S&P Global has reduced its greenhouse gas emissions by 31% and its energy consumption by 37% in its facilities NEW YORK, Oct. 28, 2020 /...
(Bloomberg) - India's information technology and pharmaceutical stocks are among those investors will be watching closely as they await next week's U resultsS presidential election Drugmakers and software exporters top performers with $ 2 in India's $ 1 trillion stock market this year amid the pandemic The outcome of the Nov 3 vote could impact these businesses through taxation, trade and immigration policies, and tax moves. currencies More broadly, India is seen as one of the biggest beneficiaries of the election in Asia Pacific, regardless of the outcome, according to UBS Group AG A UBS analysis of the potential impact on a dozen of the largest markets of the region made India a winner in each of the three chosen scenarios: a Biden and Democrat sweep, a Biden victory and a divided Congress, and a Tr ump in status quo The study, released last month, takes into account factors such as trade and foreign policy, Federal Reserve policy and budget spending on infrastructure READ: UBS Wealth, State Street chooses Indian stocks as cover Election The benchmark S&P BSE Sensex has fallen an average of 21% in the five trading sessions following the last five US presidential elections, according to data compiled by Bloomberg Click here for U analysis by Bloomberg IntelligenceS Here are some Key things to watch in India for next US vote, analysts say (Individual stock movements mentioned are cumulative returns) The S&P BSE information technology index has risen 36% this year is the second best performer among 19 industry groups India's software exporters derive much of their business from e the US While the Trump administration has spoken out on protecting US jobs and wages, Biden's articulate position is much more moderate on the issue, according to Citigroup Inc. “Although visa restrictions on the movement of people observed in the Trump era may not be there, higher taxes could mean lower spending by businesses, especially in banking, financial services and insurance, which could be negative for IT companies Indian Said Nitin Bhasin, head of equities research at Ambit Capital Pvt The other impact could come from currency movements A strong rally by Democrats could lead to further weakness in the dollar, which could potentially boost currency gains India Higher rupee reduces value of repatriated income for software exporters Main stocks: Tata Consultancy Services Ltd (21%), Infosys Ltd (47%), HCL Technologies Ltd (46%), Wipro Ltd (37%) and Tech Mahindra Ltd (55%) The S&P BSE Healthcare index beat all industry peers in India with an increase of almost 45% this year Around 80% of the active ingredients of drugs taken in US come from overseas - mostly from India and China - and the Trump administration laid out plans to pump millions of dollars into the production of more drugs at home As Trump's tenure saw a busy U Food & Dru g Administration releasing comments on Indian manufacturers, the focus for Biden's victory would be on his call for investments in virus testing, a public health plan and the vaccine race "A comprehensive new health plan could be an opportunity for Indian generic drug manufacturers to further develop their activities in the United StatesS ”, According to B Gopkumar, Managing Director of Axis Securities Ltd Main stocks: Sun Pharmaceutical Industries Ltd (71%), Dr Reddy's Laboratories Ltd (72%), Cipla Ltd (60%), Lupine Ltd (23%), Aurobindo Pharma Ltd (70%) Autos, Automotive components with acceleration in US Economic growth accompanied by a recovery in consumer demand and strong industrial growth could be positive for Indian auto exporters, any restriction on imports from South Asian nation due to escalating trade disputes would be negative, Citigroup report from October says 18Main stocks: Tata Motors Ltd (-27%), Motherson Sumi Systems Ltd (-27%), Balkrishna Industries Ltd (35%), Bharat Forge Ltd (-48%) For more items like this please contact us Visit BloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP
Turning Point Brands (NYSE: TPB) released its quarterly results on Tuesday The company reported $ 0.75 Earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $ 0.58 by $ 017 Turning Point Brands scored a Return on equity of 4161% and a net margin of 175% The company achieved sales of $ 104 20 million for the quarter, compared to the consensus estimate of $ 91 74 million in the same quarter of l last year, the company posted $ 0.56 EPS The company's revenue for the quarter increased 74% on an annual basis
MediaAlpha Inc's undefined initial public offering priced at $ 19 per share, in the middle of the expected range of $ 18 to $ 20 per share, as the Los
Volatility gripped financial markets with coronavirus outbreak in US days before crucial presidential election
The night of November 3 and the aftermath of the elections should set the tone for November Look for a possible "risk-off" negotiate whether results are close or disputed, but also be on the lookout for retail earnings, the Fed, and possible vaccine data over the month
Stocks take big losses at the start of trading on Wednesday, under pressure from rising COVID-19 cases in the US and Europe, threatening economic recovery

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