A late slump leaves stock market lower after a choppy day. Small Virginia company gets huge federal medicines contract. Tesla shareholder suit over Elon Musk tweets remains on hold.
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The Early Bird Newsletter

Wednesday, May 20th

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A late slump leaves stock market lower after a choppy day
Markets

A late slump leaves stock market lower after a choppy day

Stocks ended broadly lower on Wall Street Tuesday as trading turned wobbly a day after the market notched its biggest jump in more than five weeks. The S&P 500 fell 1% after having been up by 0.4% in the early going. Losses in banks, health care stocks and household goods compani...

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Small Virginia company gets huge federal medicines contract
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Small Virginia company gets huge federal medicines contract

A new Virginia-based company has won a massive federal contract aimed at beefing up the U.S. supply chain while manufacturing medicines needed to respond to the coronavirus pandemic. The Department of Health and Human Services announced Tuesday that it was awarding a contract worth up...

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Elon Mush
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Tesla shareholder suit over Elon Musk tweets remains on hold

Attorneys for Tesla shareholders have lost a bid to resume a Delaware lawsuit to prevent CEO Elon Musk from using his Twitter account to disseminate information about the electric vehicle and solar panel manufacturer

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The Latest: Cruise ship stranded for weeks docks in Croatia
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The Latest: Cruise ship stranded for weeks docks in Croatia

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — ‘New normal’ anything ...

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NAT Trump
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The Latest: Spain PM asks to extend state of emergency again

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — ‘New normal’ anything ...

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Cash, long a refuge in uncertain times, now under suspicion
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Cash, long a refuge in uncertain times, now under suspicion

In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of ...

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Mahrous Mahmoud
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The Latest: Philippine police raid illegal hospital

Alaska Gov. Mike Dunleavy is lifting restrictions put into place because of the coronavirus. “It’s time to get Alaska back on its feet,” he said at a Tuesday evening news conference. “Friday, we’re open for business across the state of Alaska.” Low case numbers and dea...

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The Latest: UN chief warns pandenic threatens Africa
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The Latest: UN chief warns pandenic threatens Africa

Alaska Gov. Mike Dunleavy is lifting restrictions put into place because of the coronavirus. “It’s time to get Alaska back on its feet,” he said at a Tuesday evening news conference. “Friday, we’re open for business across the state of Alaska.” Low case numbers and dea...

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Securities case ended against Volkswagen CEO, board chairman
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Securities case ended against Volkswagen CEO, board chairman

Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the rollout of a new gener...

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'Twilight Zone:' Casino closings hurt Mississippi county
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'Twilight Zone:' Casino closings hurt Mississippi county

Since mid-March, the wide roads leading to the gambling halls of Tunica County, Mississippi, have been devoid of cars. The bells of the slot machines and chatter from hopeful card players have gone silent. Hundreds of hotel rooms have been empty for two months, and thousands of people have lost thei...

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Trump's use of malaria drug likely to be welcomed in India
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Trump's use of malaria drug likely to be welcomed in India

President Donald Trump’s declaration that he was taking a malaria drug of dubious effectiveness to help fend off the coronavirus will likely be welcomed in India. Trump's previous endorsement of hydroxychloroquine catalyzed a tremendous shift in the South Asian country, spurring the w...

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Derek Schmidt, Susan Wagle
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Battle over how quickly Kansas reopens increasingly bitter

A battle in Kansas between the Democratic governor and Republican-controlled Legislature over reopening the economy has grown increasingly bitter, clouded by election year politics present and past. Gov. Laura Kelly has joined Democratic colleagues in other states including Michigan,...

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Democrats protest removal of Transportation watchdog
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Democrats protest removal of Transportation watchdog

Congressional Democrats are protesting President Donald Trump’s decision to remove the Transportation Department’s acting inspector general, the latest in a string of actions by Trump to fire or replace government watchdogs

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The Early Bird Stock Of The Day

Wheaton Precious Metals Corp

Wheaton Precious Metals Corp

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

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The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.

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