9/14 Premarket

 

●      The number of Covid cases was growing by a weekly average of at least 5% in 11 U.S. states as of Sunday

○      Despite that, weekly average is down to 35,000

○      Trump defies health officials, holds indoor rally in Nevada

●      The Federal Reserve begins its two-day September meeting on Tuesday. The Fed releases its policy statement on Wednesday afternoon followed by a news conference from Fed Chairman Jerome Powell.

●      Industrial Production Index, Poverty Rate, Uninsured Rate out Tuesday

●      Pfizer on Saturday submitted a proposal to the FDA to expand its late-stage trial to include up to 44,000 participants, a third more than its previous target.

○      Could distribute to Americans by end of year, says CEO

●      Trump releases order aimed at lowering drug prices

○      calls for Medicare to test paying the same price for certain expensive prescription drugs that other developed countries do, a most-favored-nation price.

●      Tech-heavy week of IPOs

○      Among the most anticipated offerings are data-warehousing company Snowflake, videogame company Unity, and cloud-software firm JFrog.

●      Delta will use frequent-flyer program to back $6.5B in debt

●      Oracle expected to be the winner in ByteDance TikTok deal

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