financetom
Market
financetom
/
Market
/
Top Midday Stories: Amazon Kicks Off Large Cross-Atlantic Bond Sale; BioNTech Shares Fall on Co-Founders' Departure, Weak Earnings
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top Midday Stories: Amazon Kicks Off Large Cross-Atlantic Bond Sale; BioNTech Shares Fall on Co-Founders' Departure, Weak Earnings
Mar 11, 2026 7:12 AM

11:38 AM EDT, 03/10/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Tuesday, as oil prices pulled back after soaring due to the war in Iran.

In company news, Amazon.com ( AMZN ) has commenced a US investment-grade debt sale in as many as 11 parts, ranging from two to 50 years and is planning to sell euro bonds in eight parts, with maturities ranging from two to 38 years, Bloomberg reported Tuesday, citing a person familiar with the matter. The tech giant is targeting $25 billion to $30 billion from the US sale and 10 billion euros in the overseas offering, Bloomberg reported. Amazon ( AMZN ) shares were up 0.6% around midday.

BioNTech (BNTX) said Tuesday its co-founders, Ugur Sahin and Ozlem Tureci, plan to establish a new independent company focused on next-generation mRNA technologies. In addition, the company reported a Q4 adjusted loss Tuesday of 0.33 euro ($0.38) per diluted share, swinging from earnings of 1.79 euros a year earlier and compared to the FactSet consensus analyst estimate of a loss of 0.16 euro. Fourth-quarter revenue was 907.4 million euros, down from 1.19 billion euros a year ago but above the FactSet consensus of 768.3 million euros. For 2026, the company said it expects revenue of 2 billion euros to 2.30 billion euros, below the FactSet consensus of 2.75 billion euros. BioNTech shares were down 21.7%.

Nvidia ( NVDA ) and Thinking Machines Lab said Tuesday they have formed a multi-year partnership to deploy at least one gigawatt of Nvidia Vera Rubin hardware. The deployment, expected to be complete by early 2027, will support frontier model training and platforms for customizable AI, the companies said. Nvidia ( NVDA ) shares were up 1.9%.

AT&T ( T ) said Tuesday it plans to invest over $250 billion in US telecommunications infrastructure through 2030. The investment will expand fiber and wireless services, upgrade critical infrastructure and bolster network resilience and security, the company said. AT&T ( T ) shares were up 0.5%.

Meta Platforms ( META ) has acquired Moltbook, a social media network created for AI programs, Axios reported Tuesday, citing a company spokesperson. Financial terms of the deal were not shared, but the agreement is expected to be finalized in the middle of March, the report said. Meta shares were up 1.5%.

Novo Nordisk ( NVO ) said Tuesday it received a warning letter from the US Food and Drug Administration on March 5 related to a Post-marketing Adverse Drug Experience inspection conducted in early 2025 at its Plainsboro, New Jersey site. The FDA said in the letter that the company failed "to develop written procedures for the surveillance, receipt, evaluation, and reporting" of post-marketing adverse drug experiences to the agency as required under the Code of Federal Regulations. Novo shares were down 3.4%.

Price: 215.01, Change: +1.52, Percent Change: +0.71

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta shares jump as AI fuels ad sales, outweighing big capital costs
Meta shares jump as AI fuels ad sales, outweighing big capital costs
Jul 30, 2025
(Reuters) -Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading. The bumper results could ease investor worries about the social media giant's frenzied pace of spending, at least for now, as it seeks to change Wall Street's impression that it...
Japan's Nikkei rises ahead of BOJ policy decision
Japan's Nikkei rises ahead of BOJ policy decision
Jul 30, 2025
TOKYO, July 31 (Reuters) - Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei rose 0.5% to 40,842.88 by 0058 GMT. The broader Topix gained 0.4%. The BOJ is widely expected to keep interest rates steady at...
Meta shares jump as AI fuels ad sales, outweighing big capital costs
Meta shares jump as AI fuels ad sales, outweighing big capital costs
Jul 30, 2025
(Reuters) -Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading. The bumper results could ease investor worries about the social media giant's frenzied pace of spending, at least for now, as it seeks to change Wall Street's impression that it...
Microsoft and Meta fuel $500-billion gain in AI stocks
Microsoft and Meta fuel $500-billion gain in AI stocks
Jul 30, 2025
(Reuters) -Wall Street's AI heavyweights added a combined half a trillion dollars in stock market value late on Wednesday after quarterly reports from Microsoft ( MSFT ) and Meta Platforms ( META ) showed massive investments in the emerging technology were paying off. In extended trade, Microsoft ( MSFT ) jumped 8% and Meta surged 9%, with the two Magnificent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved