Company News for April 5, 2022
- PDD shares of Pinduoduo Inc. jumped 15.6% following news of a potential rule change that would allow Chinese companies to share sensitive data with US regulators.
- Roku, Inc.’s ROKU shares gained 7.2% following its statement confirming a multi-year extension of its distribution agreement with Amazon.com, Inc. AMZN.
- Shares of Starbucks Corporation SBUX plunged 3.7% after CEO Howard Schultz announced the company would suspend stock buybacks.
- Moderna, Inc.’s ARNM shares fell 2.3% after the FDA warned against updating vaccines to ensure greater effectiveness against the COVID-19 virus in a briefing document .
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