Trading in the Biogen stock was temporarily suspended due to the approval news. After that, the stock market value of the pharmaceutical company increased by up to 64 percent. In the end, the share went out of trade with a price gain of more than 38 percent. The US drug watchdog FDA considers it likely that patients will benefit, but there are still uncertainties about the ‘important’ new treatment for the disease that causes dementia.
Aided by the price gain of Biogen, tech gauge Nasdaq rose 0.5 percent to 13,881.72 points. The Dow Jones Industrial Average fell 0.4 percent to 34,630.24 points and the broad S&P 500 lost 0.1 percent to 4226.52 points.
Amazon
Attention was also focused on Amazon, which lost 0.3 percent. CEO Jeff Bezos announced that he and his brother Mark are going into space. The Amazon founder also has his own space company, which aims to take tourists to space for the first time on July 20. Bezos is no longer the CEO of Amazon for long. He previously announced that he would resign from the presidency on 5 July.
Tesla eventually won 1 percent after a limited opening loss. The electric car manufacturer canceled its plan for a more luxurious version of the Model S, the Plaid+ sedan. According to CEO Elon Musk, there is no need for the Plaid + version and the regular Plaid model is sufficient. Furthermore, Facebook closed with a plus of almost 2 percent. The social network company has announced that developers who are active on the platform or, for example, Instagram do not have to fear that they will have to hand over part of their turnover to Facebook. The relevant services will remain free for entrepreneurs until 2023.
The euro was worth $1.2193, against $1.2194 at the close of European markets earlier in the day. A barrel of US oil was 0.6 percent cheaper on a daily basis to $ 69.23. Brent oil also cost 0.6 percent less, at $71.48 a barrel.
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