Nevada’s Sisolak suffers injuries in car accident
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Gov. Steve Sisolak, the Democrat from Nevada, was briefly hospitalized on Sunday after being involved in a car crash, a report said.
Fox 5 Las Vegas reported that the governor has since been released from the hospital and is recovering at home after suffering minor external injuries. Sisolak’s office did not immediately respond to an after-hours email from Fox News.
The station, citing police, reported that the governor and the other driver were the sole occupants of the vehicles involved in the crash. Both had minor injuries. The station released a photo of the crash scene that showed significant damage to the front of the car and an SUV.
Sisolak was elected in 2018, becoming the first Democratic governor of Nevada in two decades. He won his party’s nomination as the more moderate of the two candidates.
The Associated Press contributed to this report
10-year Treasury yield back above 1.6% to start the week
- The October National Association of Home Builders housing market index is due to come out at 10 a.m. ET on Monday.
- Federal Reserve Governor Randal Quarles is due to speak at the Banco de España Conference on Financial Stability at 5:30 a.m. ET.
The 10-year U.S. Treasury yield climbed back above the 1.6% mark to start the trading week.
The yield on the benchmark 10-year Treasury note rose by 3 basis points to 1.609% at 4:30 a.m. ET. The yield on the 30-year Treasury bond climbed less than a basis point to 2.058%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
The 10-year rate was on the rise on Friday, topping 1.57%, after data showed that retail sales rose by 0.7% in September, versus an expected decline of 0.2%.
On Monday, the October National Association of Home Builders housing market index is due to come out at 10 a.m. ET.
Prior to that, Federal Reserve Governor Randal Quarles is due to speak at the Banco de España Conference on Financial Stability at 5:30 a.m. ET.
Auctions are scheduled to be held on Monday for $48 billion of 13-week bills and $45 billion of 26-week bills.
Colin Powell, Former U.S. Secretary of State, Dies of COVID-19 at 84
Former U.S. Secretary of State Colin Powell has died of COVID-19 complications. His family confirmed his death on Monday in a public Facebook post.
The statement, signed by The Powell Family, reads: “General Colin L. Powell, former U.S. Secretary of State and Chairman of the Joint Chiefs of Staff, passed away this morning due to complications from Covid 19. He was fully vaccinated. We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment. We have lost a remarkable and loving husband, father, grandfather and a great American.”
More to come.
Pre-market Movers: JCS, VALN, RVNC, HX, AVDL…
The following are some of the stocks making big moves in Monday’s pre-market trading (as of 06.30 A.M. EDT).
In the Green
Valneva SE (VALN) is up over 39% at $39.00
Xiaobai Maimai Inc. (HX) is up over 24% at $7.37
Agile Therapeutics, Inc. (AGRX) is up over 16% at $0.89
Sonnet BioTherapeutics Holdings, Inc. (SONN) is up over 9% at $0.72
Dynavax Technologies Corporation (DVAX) is up over 8% at $18.44
FuelCell Energy, Inc. (FCEL) is up over 7% at $7.91
Bitfarms Ltd. (BITF) is up over 5% at $5.66
Camber Energy, Inc. (CEI) is up over 5% at $1.45
Arbutus Biopharma Corporation (ABUS) is up over 4% at $4.27
In the Red
Communications Systems, Inc. (JCS) is down over 42% at $4.87
Revance Therapeutics, Inc. (RVNC) is down over 31% at $15.47
Avadel Pharmaceuticals plc (AVDL) is down over 21% at $7.87
Ocugen, Inc. (OCGN) is down over 11% at $7.64
UP Fintech Holding Limited (TIGR) is down over 9% at $7.15
Futu Holdings Limited (FUTU) is down over 8% at $58.50
LM Funding America, Inc. (LMFA) is down over 8% at $4.37
Zillow Group, Inc. (Z) is down over 6% at $89.00
Aemetis, Inc. (AMTX) is down over 4% at $17.13
Oyster Point Pharma Announces FDA Approval Of TYRVAYA Nasal Spray For Symptoms Of Dry Eye Disease
Oyster Point Pharma, Inc. (OYST) announced the FDA has approved TYRVAYA Nasal Spray 0.03 mg for the treatment of the signs and symptoms of dry eye disease. The company noted that TYRVAYA Nasal Spray is the only nasal spray approved for the treatment of dry eye disease. The product will be available with a prescription in November 2021.
Oyster Point Pharma is a commercial-stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class pharmaceutical therapies to treat ophthalmic diseases.
Colin Powell, former secretary of State who made case for Iraq invasion, dies of Covid complications at 84
Colin Powell, the former secretary of State and chairman of the Joint Chiefs of Staff, has died from Covid complications at the age of 84.
Powell was previously diagnosed with multiple myeloma, a type of blood cancer that hurts the body's ability to fight infections.
"General Colin L. Powell, former U.S. Secretary of State and Chairman of the Joint Chiefs of Staff, passed away this morning due to complications from Covid 19," the Powell family wrote on Facebook.
"We have lost a remarkable and loving husband, father, grandfather and a great American," the family said, noting he was fully vaccinated.
Powell, the son of Jamaican immigrants, became the first Black national security adviser during the Reagan administration. President George H.W. Bush tapped Powell to be the youngest and first Black chairman of the Joint Chiefs of Staff.
As chairman, he oversaw America's Desert Storm operations during the Persian Gulf war. After 35 years of military service, Powell retired from the U.S. Army as a four-star general.
In 2001, he became the first Black secretary of State under President George W. Bush.
This is breaking news. Please check back for updates.