Sectors
Twitter partners with giant Indonesian carrier Indosat on #TwitBuy
Twitter announced Monday that it entered a partnership with giant Indonesian carrier Indosat, allowing its 68 million users to use its direct messaging (DM) feature.
Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices
Warren Buffett lets go of Exxon shares, and buys refiner Phillips stake because of the fluctuating oil prices. Bloomberg reports that the billionaire investor announced Wednesday that his Berkshire Hathaway Inc. sold some $4 billion Exxon Mobil Corp. shares due to the dreary outlook of crude oil prices, buying instead a $4.48 billion stake from refiner Phillips 66.
Eravacycline test failure plunges Tetraphase shares
The Tetraphase Pharmaceuticals Inc. shares had fallen in late trading Tuesday to 80%. This is after a study discovered that its manufactured experimental antibiotic was no better than a standard generic treatment.
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
Brazil's investment-grade credit falls beyond correction and into junk territory as Standard & Poor's downgraded the country's debt Wednesday. According to a report from The Guardian, Standard & Poor's said that Brazil lost its investment-grade status as it is projected with a negative outlook. This downgrade is unfortunate as the nation enters a recession.