July 28, 2020 Weekly Report

  1. Home
  2. Market Updates
  3. July 28, 2020 Weekly Report
Abelian2

Highlight of the Week

Senate Announces HEALS Act

  • The Senate has announced their second coronavirus stimulus package, the HEALS Act.
  • This act includes another $1,200 payment, and $200 weekly unemployment insurance, down from the $600 weekly in the CARES Act.

Rate Curves

Screen Shot 2020 07 28 At 9.57.21 AM

Rapid Report:

Abelian Brand Mark

Coronavirus updates (as of Monday night)

  • COVID-19 has registered 16.6 million cases and 657,502 deaths worldwide. There are over 10.2 million recovered cases.
  • The US has accounted for over 4.4 million cases and has surpassed 150,000 deaths. The US has registered 2.1 million recovered cases.
  • Georgia has almost 170,000 cases and 3,509 deaths.

Fintech Revolut Series D Round Ends with $5.5 Billion Valuation

  • Revolut is a startup mobile bank based out of London, which began by offering prepaid cards to help travelers avoid foreign exchange fees.
  • Revolut has recently expanded into the US, and has added business banking and cryptocurrency trading to its portfolio of products.

US Agrees to Buy COVID-19 Vaccine

  • With Pfizer beginning their final stage trials for their COVID-19 vaccine, the US has reached an agreement with the company to buy 100,000,000 doses once it is approved. The nearly $2 billion agreement also includes an option for the US to secure an additional 500,000,000 doses once they are available.
Previous Post
July 21, 2020 Weekly Report
Next Post
August 4, 2020 Weekly Report

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu