General Electric (GE) falls 1.31% on Moderate Volume October 12

Equities Staff  |

General Electric Co. (NYSE: GE), a Boston, Massachusetts, company, fell to close at $102.72 Tuesday after losing $1.36 (1.31%) on volume of 8,549,578 shares. The stock ranged from a high of $104.04 to a low of $101.56 while General Electric’s market cap now stands at $112,992,000,000.

General Electric currently has roughly 205000 employees.

About General Electric Co.

The General Electric Company (GE) is an American multinational company. For more than 125 years, GE has invented the future of industry. Today, GE is best known for its work in the Power, Renewable Energy, Aviation and Healthcare industries.

Visit General Electric Co.’s profile for more information.

The Daily Fix

Amazon Offering Greater Flexibility for Employees To Work Remotely

Amazon.com Inc (Nasdaq: AMZN) is giving its tech and corporate employees more flexibility to work remotely even after the company begins to reopen its offices early next year. 

On Monday, Amazon’s chief executive officer Andy Jassy said the company will leave it up to each individual team’s director to determine how often workers must come into the office. This marks a change from the company’s previous expectation that most employees would be back at their desks three days per week when offices fully reopen in January 2022.

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California To Ban Sales of Gasoline-Powered Lawn Equipment

California will soon ban the sale of new, gas-powered lawn equipment, the state’s latest move to curb emissions.

Under the law signed by Democratic Gov. Gavin Newsom on Saturday, the California Air Resources Board (CARB) was directed to phase out the sale of small off-road engines by 2024 or as soon as feasible, whichever comes later. 

The law also authorizes the board to identify and make available funding for commercial rebates to help small businesses transition toward electric equipment. The state budget has set aside about $30 million for those purposes, according to The Associated Press.

[More]


Merck Seeks FDA Emergency Authorization for First Oral COVID-19 Therapy

Drugmaker Merck & Co Inc (NYSE: MRK) and its partner Ridgeback Biotherapeutics LP announced Monday that they have requested an emergency use authorization from the US Food and Drug Administration (FDA) for their oral antiviral COVID-19 treatment.

If approved, the pill, molnupiravir, would be the first oral therapy for COVID-19 and could be a potential breakthrough on how the virus is treated since all other FDA-backed treatments require an injection or IV administration. 

[More]


 

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on General Electric Co. and to follow the company’s latest updates, you can visit the company’s profile page here: General Electric Co.’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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