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Shares of Qualcomm, Coty, IBM, Tesla, Pfizer, BioNTech Rose, Chinese Firms Also Among Gainers

On Tuesday, QUALCOMM Incorporated (QCOM) increased by +2.65% to $152.43. Company’s boss (CEO) Steve Mollenkopf is retiring from the chip maker after 26 years. Qualcomm President Cristiano Amon, overwhelmingly elected by the Board of Directors, will succeed him.
Coty Inc. (COTY) increased to $6.89, up +1.92 percent on the day. With Kim Kardashian, Coty will grow a skin care line. In fiscal year 2022, the launch is expected.
International Business Machines Corporation (IBM) rose by +1.78% to $126.14. Gary Cohn was named by IBM as Vice Chairman of the Board of Directors. He will also join the top information services firm’s management board.
Pfizer Inc. (PFE) increased to $37.19, up +1.03 percent while BioNTech SE (BNTX) took a jump to $86.78, up +1.22 percent. The European Union is working with the US firm and its German counterpart to theoretically double their doses of vaccines against the new coronavirus, according to Bloomberg, citing sources that are close to the situation. The proposed new deal will include 100 million doses, as well as an option for a 200 million rise.
Tesla, Inc. (TSLA) rose to $735.11, up +0.73 percent. Exane BNP Paribas has just reduced its rating from ‘neutral’ to ‘under-perform’ on the stock of the California pioneer in electric vehicles. The development prospects of Elon Musk’s group are projected to narrow as early as this year, according to the intermediary. The group’s strategy of almost tripling its market share is perceived not to be impressive.
After a surprise reversal by the NYSE giving up on the delisting of three Chinese firms, shares of those Chinese firms listed on Wall Street rose. China Mobile Limited (CHL) stock saw a rise of +9.27 percent to $29.35; China Telecom Company Limited (CHA) increased by +8.83% to $28.34; while China Unicom (Hong Kong) Limited (CHU) increased by +11.82% to $6.15. On the other hand, despite the suspicious absence of its chairman, Jack Ma, who has not been seen since late October, shortly after giving Beijing’s financial regulatory framework a highly critical speech, Alibaba shares climbed. Beijing suspended the IPO of Ant, the online bank of Alibaba, which was shaping up to be a record IPO, in November. Alibaba Group Holding Limited (BABA) rose to $240.4, up +5.51 percent.

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