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How one tweet moved Twitter's stock

Photo: Lloyd Blankfein / Twitter

Twitter shares soared yesterday, a day after Goldman Sachs CEO Lloyd Blankfein tweeted a photo of himself with Twitter CEO Jack Dorsey at the tech company's HQ in San Francisco, Bloomberg reports.

Why it matters: "Disney had explored the possibility of buying Twitter when the company considered selling itself last year ... Goldman Sachs was said to have advised Twitter in those discussions."

  • Blankfein was cited by several traders as a factor in the stock's rally, amid rekindled merger speculation on the day Walt Disney Co. announced its Fox deal. Twitter, which has struggled as a business despite its hold on the culture, rose as much as 7.3%, reaching the highest in more than a year.
  • "Blankfein was at the social network's offices as part of an ongoing question-and-answer series with well-known users."

Go deeper

Barak Ravid, author of from Tel Aviv
1 min ago - World

Abbas announces first Palestinian elections in 15 years

Abbas is 85 and in the 15th year of a 4-year term. Abbas Momani/AFP via Getty

Palestinian President Mahmoud Abbas published a decree announcing the dates for parliamentary and presidential elections in the Palestinian Authority.

Why it matters: This is the first time in 15 years that such a decree has been published. The last presidential elections took place in 2005, with Abbas winning, and the last parliamentary elections took place in 2006, with Hamas winning.

Go deeper (1 min. read)Arrow
Axios
Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — America has tuned out the coronavirus at the peak of its destruction — 1 in 3 people in L.A. County believed to have been infected with coronavirus.
  2. Politics: Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan— Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat — Joe Biden will seek nearly $2 trillion in COVID relief spending.
  3. Vaccine: Battling Black mistrust of the vaccines — "Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode again — Fed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.
Go deeper (1 min. read)Arrow
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Go deeper (1 min. read)Arrow