Pre-market Movers: KPRX, CTK, VGR, BVXV, NEW…

Sen. Rick Scott: Biden’s a hypocrite over COVID-19 mandates

Scott decries illegal immigrants allegedly flooding in from ‘one open gate’

Sen. Rick Scott, R-Fla., joined “The Ingraham Angle” on Wednesday night and criticized President Biden over his recent comments about the federal government’s role in handling the COVID-19 outbreak as cases surge around the world.

FLORIDA SURGEON GENERAL SAYS BIDEN ADMINISTRATION ‘ACTIVELY PREVENTING’ MONOCLONAL ANTIBODY TREATMENTS

SEN. RICK SCOTT: Joe Biden is a hypocrite. First he says, you know, that it’s no federal solution, then, you know, but then he wants these mandates and then they pick and choose where they want to send these treatments. I mean, this guy is a complete hypocrite. So they need to treat all the states the same; they need to give us all—as individuals—good information but with the monoclonal antibodies or whether it’s the tests they’re going to distribute, all the states ought to be treated the same. Florida shouldn’t be treated worse or better than any place else. We all should be treated exactly the same.”

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Maruti Suzuki witnesses huge order backlog for CNG models

With skyrocketing prices for petrol and diesel, demand for CNG-fuelled cars has shot up over the past year. While Maruti Suzuki has been the biggest beneficiary of this, they are also facing hurdles.

Maruti Suzuki, like other carmakers in India, is battling a demand-supply mismatch due to the continuing semiconductor shortage. This has impacted its ability to cater to the accelerating customer demand for its models, particularly those powered by the much cheaper CNG fuel. Maruti Suzuki is currently sitting on an order book of 2,80,000 cars, out of which over 1,20,000 bookings, or 43% of all pending orders, are for its CNG-powered models.

As per the company, the 7-seater Ertiga CNG commands the highest share of 50% or over 60,000 units of the total CNG cars in the waiting. Next up is the immensely popular city runabout — Wagon R CNG — that follows close behind with a 30% share or 36,000 orders in hand. The balance 20% comprises other Maruti Suzuki models that are offered with a CNG bi-fuel option. These cars include the Alto, S-Presso, and Eeco available for private customers, as well as the Super Carry, Tour S and Tour M for the fleet segment.

According to Shashank Srivastava, director, sales, marketing and service, Maruti Suzuki, “CNG has risen as a viable clean fuel alternative and is gaining in the mainstream market. The key reasons for this are ‘affordability and availability’.”

Gold declines ₹ 98; silver tumbles ₹ 699

Gold was trading lower at $ 1,799 per ounce in the international market.

Gold prices declined by ₹ 98 to ₹ 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities.

In the previous trade, the precious metal settled at ₹ 46,786 per 10 gram.

Silver also tumbled ₹ 699 to ₹ 60,024 per kg from ₹ 60,723 per kg in the previous trade.

In the international market, gold was trading lower at $ 1,799 per ounce and silver was flat at $ 22.60 per ounce.

"Gold prices traded lower with spot gold at COMEX trading at $ 1,799 per ounce on Thursday. Gold prices witnessed selling on risk-on sentiment with rise in U.S. bond yields and a stronger dollar," HDFC Securities, Senior Analyst (Commodities), Tapan Patel said.

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Weekly jobless claims total 198,000, less than expected and around 52-year low

Initial filings for unemployment insurance dipped last week and remained close to their lowest level in more than 50 years, the Labor Department reported Thursday.

Jobless claims for the week ended Dec. 25 totaled 198,000, less than the 205,000 Dow Jones forecast and a dip of 8,000 from the previous period.

When adjusting for weekly volatility, the four-week moving average for claims came to 199,250, the lowest level since Oct. 25, 1969.

This is breaking news. Please check back here for updates.

Pre-market Movers: KPRX, CTK, VGR, BVXV, NEW…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 06.50 A.M. ET).

In the Green

Kiora Pharmaceuticals, Inc. (KPRX) is up over 30% at $1.15
CooTek (Cayman) Inc. (CTK) is up over 25% at $0.67
BiondVax Pharmaceuticals Ltd. (BVXV) is up over 12% at $2.62
Aridis Pharmaceuticals, Inc. (ARDS) is up over 11% at $2.26
Reliance Global Group, Inc. (RELI) is up over 9% at $6.84
Naked Brand Group Limited (NAKD) is up over 7% at $6.17
BIMI International Medical Inc. (BIMI) is up over 7% at $0.52
Energy Focus, Inc. (EFOI) is up over 6% at $4.68
Celsion Corporation (CLSN) is up over 6% at $0.58
Tonix Pharmaceuticals Holding Corp. (TNXP) is up over 5% at $0.39

In the Red

Vector Group Ltd. (VGR) is down over 17% at $14.19
Puxin Limited (NEW) is down over 12% at $0.47
Pop Culture Group Co., Ltd (CPOP) is down over 10% at $2.93
United Time Technology Co., Ltd. (UTME) is down over 9% at $3.07
Sentage Holdings Inc. (SNTG) is down over 9% at $1.21
Sino-Global Shipping America, Ltd. (SINO) is down over 7% at $4.23